How Much Do You Charge?

How much do you charge for side work?

I ponder this question a lot as I usually charge less than people say I should for working on side jobs.

I was listening to the Tim Ferriss podcast and heard this during his interview with Derek Sivers:

How to be useful to others:

Be expensive.

People who spend more for a product or service value it more and get more use out of it so be expensive.

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I think this is really good. Think about all of the cheaper items and services in your life? Do you find yourself taking them for granted a lot?

If something is cheap, there isn't a strong incentive to take care of it. If an item is that cheap, they'll just be able to run out and buy other one without worrying too much.

Things that are expensive tend to hold value because they get taken care of better. This isn't always the case because there will be outliers,  but you get the idea.

If someone has to pay for an expensive repair, they more than likely will take better care of the item, so they won't have to pay again. They will value it more and get more out of it.


So how much do you charge for side work? Think that will change after reading this?