{"id":3560,"date":"2015-10-01T00:00:00","date_gmt":"2015-09-30T22:00:00","guid":{"rendered":"https:\/\/www.ban.co.za\/ban-clients\/the-great-billing-dilemma-fixed-fee-versus-hourly-rate\/"},"modified":"2022-09-21T08:55:57","modified_gmt":"2022-09-21T06:55:57","slug":"the-great-billing-dilemma-fixed-fee-versus-hourly-rate","status":"publish","type":"post","link":"https:\/\/www.ban.co.za\/ban-clients\/the-great-billing-dilemma-fixed-fee-versus-hourly-rate\/","title":{"rendered":"The Great Billing Dilemma &#8211; Fixed Fee versus Hourly Rate"},"content":{"rendered":"<p>If you are in the business of selling time as opposed to selling merchandise, whether the strategy of fixed fee billing or hourly rates is best for your business, one thing is not going to change \u2013 the demand from customers or clients for higher price certainty. Just because a client is not paying on the basis of hourly rates does not mean that the length of time a project or product actually takes to produce or make is no longer relevant to the quote given.<\/p>\n<p>Let\u2019s dispel any myths that many of those not in private professional practice or the service industry seem to believe, professionals do not love hourly rates.\u00a0 Most professionals hate the billable hour.\u00a0 Yet, as there are pro\u2019s for billing fixed rates, there are also disadvantages, particularly the nature of certain services.\u00a0 Our focus in this month\u2019s BAN Bulletin explores the pros and cons of both fixed fee and hourly rate billing.<\/p>\n<p>As billing methods for service and manufacturing industries are intrinsically linked to time and the cost of time, look out for our forthcoming November issue of the BAN Bulletin where we look at the real cost of time, some harsh facts every business should know.<\/p>\n<p>Click here to read our newsletter &#8211;\u00a0<a href=\"https:\/\/www.ban.co.za\/ban-clients\/wp-content\/uploads\/2022\/09\/The-Great-Billing-Dilemma.pdf\" target=\"_blank\" rel=\"noopener\">The Great Billing Dilemma<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are in the business of selling time as opposed to selling merchandise, whether the strategy of fixed fee billing or hourly rates is best for your business, one thing is not going to change \u2013 the demand from customers or clients for higher price certainty. Just because a client is not paying on&hellip;<\/p>\n","protected":false},"author":4,"featured_media":3561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"post_series":[],"class_list":["post-3560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Billing Dilemma - Fixed Fee vs. Hourly Rate | BAN Clients<\/title>\n<meta name=\"description\" content=\"There are pros and cons for billing fixed rates. Our focus in this month\u2019s BAN Bulletin explores the pros and cons of both fixed fee and hourly rate billing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ban.co.za\/ban-clients\/the-great-billing-dilemma-fixed-fee-versus-hourly-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billing Dilemma - Fixed Fee vs. Hourly Rate | BAN Clients\" \/>\n<meta property=\"og:description\" content=\"There are pros and cons for billing fixed rates. 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