“Unfortunately, with freelancing, it’s often a race to the bottom, with freelancers trying to outbid other freelancers and undervaluing themselves in the process because they want the job. This assumes that clients are looking to hire the least expensive person, but either you get what you pay for, or you live the lifestyle you’re paid for.”
Yes! This is exactly how I feel about it. And when I speak to prospects who balk at my rate, I educate/inform them about this — my skills and time are valuable and you get what you pay for. It’s a quality versus quantity issue.
I understand the currency exchange, but for me, if I were to work with someone who was trying to pay me so little, I’d quickly lose interest in the work and don’t care as much, which sucks for everyone involved.
I actually have 4–6 clients at once (I’ve been freelancing FT for over 3 years and live in NYC) and mostly try to do a monthly retainer model, but will do per-word or per-hour as needed. I love what I do, but I DO IT FOR MONEY, not for love, ha.