As a new contractor, what am I worth?

[The Spartan]

I don't doubt it, I'm not looking forward to looking for my second. Still I might get a renewal who knows but I never taken anything as given in this world

[v8gaz]

I don't doubt it, I'm not looking forward to looking for my second. Still I might get a renewal who knows but I never taken anything as given in this world

In which case, it's still your first contract

[Star69]

From my perspective, I had 15 years experience as a permie, all the skills and qualifications for my chosen role in Project Management.

Therefore, I felt to go in at a lower rate would de-value me as a supplier of a specific service. I then persuaded the agencies to give me average rates in that role in the sector I was aiming and that's where I pitched myself.

I figured I valued myself and I wanted my future clients to value me, therefore, I asked for what I was worth and ignored the fact that I was a first time contractor 2 contracts ago.

I got what I asked for and negotiated a rate rise on my 3rd renewal too to keep me in line with the Market and as evidence of the value for the projects delivered.

If you have the experience, go for what you deserve, you will get it if you're worth it. If relatively inexperienced, then yes, you may have to start a little lower.

Good luck!

[cluffy]

Thanks everyone for the advice. Plenty to ponder here.

[roadsidetree]

IMO being your first contract doesn't make you any less valuable i.e. as long as you have the skills and years of experience. For my first contract which was in Spain, I looked at the going rate in job boards; discussed with few good mates and came to a figure which is what I proposed and I got.

After few months in the contract, I found out the mark-up of the agency which was ridiculously high. I negotiated with them and got 50 quid a day more.

[The Spartan]

I wouldn't say it makes you less valuable either, but another thing you have to remember is you'll be up against competition for the roles you're applying for.