When setting your bidding preferences for projects, you have two primary options: hourly rate or fixed price. These terms can be customized based on your needs. You can either align your bid with the rate specified in the client’s job post or adjust the rate or percentage to suit your preferred bidding strategy.
How to Set Bidding Terms
Open the scanner for which you want to define your bidding terms.
Navigate to the Auto-bidder tab.
Scroll down to find the Bidding Terms section, where you can customize your bid settings.
Hourly Rate Bidding Strategies
Profile Rate
This option allows you to use the hourly rate defined in your freelancer profile as the base rate for bidding. The profile rate reflects the standard amount you typically charge for projects.
Constant Rate
With this strategy, you can bid a fixed hourly rate, regardless of the client’s budget. Simply specify the rate you want to bid in the appropriate field.
Bid in Range
This dynamic option lets you adjust your bid within the client's budget range. You can specify a percentage above or below the client's minimum hourly rate. By modifying this percentage, you can see on a graph how your rate compares to the client’s budget range, allowing you to fine-tune your bid.
Fixed Price Bidding Strategies
Client Budget
This straightforward option ensures your bid aligns with the client’s budget for fixed-price projects. It's an ideal strategy if you want to keep your bid competitive without exceeding what the client is willing to pay. You can set your bid based on a percentage of the client's specified budget.Under Client’s Budget: You can set your bid lower than the client's budget, which may increase your chances of winning the project by offering a more attractive price.
Over Client’s Budget: You can bid higher than the client’s budget if you believe your skills, speed, or expertise justify a higher price. Specify a percentage or amount above the client’s budget.
Constant Fixed Price
This option allows you to bid a fixed price, independent of the client’s budget. Simply enter the fixed amount you wish to bid.
After defining your hourly or fixed-price preferences, remember to click Save in the scanner to ensure your changes are applied.
Each scanner may have different financial preferences, so make sure to review and adjust each one accordingly.
By selecting the right bidding terms, you can tailor your offers to suit both your preferences and the client’s expectations, increasing your chances of securing projects.