Fixed bid
Fixed-bid pricing is a set scope of work with a specific price. You tell the clients exactly what you are going to do and exactly what the cost will be. As long as the clients stay within the scope of the project, they are charged the price you quoted. In my experience, fixed-bid pricing is the option most commonly used in the graphic design industry.
Pros for you: You know exactly what you are going to make on the project. If the job takes you less time than you expected, you make more profit.
Cons for you: Since you are locked into a price, if the job takes you more time than expected, you make less profit (or even lose money).
Pros for the clients: The clients know exactly what they are going to have to pay assuming they stay within ...
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