Its been a BIG mystery for me - for long, as to why on Earth do many contractors on freelance sites, persistently choose to bid below even what the client has stated is his or her budget?
Please understand my point here...I am not referring to project postings where say the client may have specified a budget range of "Less than $500" or something on those lines, where a $200 bid would as much be within the client specified budget range as would be $499.
Rather, I am alluding towards those projects where the client points out - in a prized little nugget of sorts within his or her project description, that the budget for the concerned project is $100 or say $250, or any other SPECIFIC figure.
In instances like the above, why even bid $99 or $249 respectively?
What makes you think that bidding below client budget - when the EXACT budgetary figure for the project has been specified, will help you bag that project?
Sure, for some of you, maybe the specified budgetary figure may be more than what you typically work at - or over and above what you think would be "good enough" a compensation for the time and effort involved in completing that job, but my point is - in such a scenario, does extra cash hurt?
I am very sure that it DOESN'T and that is exactly what drove me towards making a video on my freelancing channel on YouTube, where I "ranted" about precisely these aspects. You can check out the video below:
Remember that no matter where in the world you might be, prices of things around you are going only one way which is UP. If you reflect back on the prices of a certain set of items say 10 years ago, there is every likelihood that you are paying a significantly larger sum of money for those same items.
In such a scenario, where is the sense in bidding even below what the client has CLEARLY stated to be his or her budget?
DON'T DO THAT...EVER! YOUR SELF RESPECT IS AT STAKE HERE!
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