![]() ![]() Okay, maybe it was his perspective, but his explanation for his answer was pretty justifying his statement. We asked one of our developers whether he liked hourly rate jobs or fixed ones. Once the project starts, the precise estimation of hours needed, the scope of work, and deliveries come into play. The experience is quite different for both you and the team you have chosen when you are paying them for the complete work and not for being on the clock. It won’t fluctuate, rather stay fixed based on the project or certain task. The name says about how the payments are in this one – fixed. It is critical to understand the meaning, pros, and cons of both hourly rate and fixed cost (as that will impact your overall project). In contrast, hourly rate pay is based on the amount of time you work which means you’re paid a set amount for each hour of work. For flat rate pay, you’re paid a set price for the job done. The difference between a flat rate pay and an hourly rate pay is how you bill the client. Also, implementing the right pricing model is a must for any business (just telling, no pressure there). ![]() However, we are going to solve it once and for all today).Īs an entrepreneur, you must know the difference – as that’s going to impact your overall planning and cost. (This topic usually creates so much stir during planning for app/web development. Fixed-rate – which is better – is the very ‘ Great Pricing Debate’ that every entrepreneur goes through at least once during his business. That’s where every entrepreneur gets stuck – especially if it’s his first time hiring the team. Yay, I finally got an excellent development team, but should I hire them on an hourly rate or a fixed rate? So, which one will you choose for your next app development project?.
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