Reply to: Greed...

[BlasterBates]

Sticking to your original offer is a wise decision, just think how you would have felt had they turned you down and the second interview came to nothing.

650 is a gr8 rate.

[d000hg]

Okay I've been convinced. I'll stick to my word and stick to 650.

Thanks for the advice

You can always bring this up at renewal time, when you've convinced them how great you are

[MrMarkyMark]

I concur with the others, once you have suggested a rate you can't really change it.

Should it have been higher, most probably if working for a Hedgefund.
They tend to try and get the most out of their contractors .

[dkennedy1001]

Okay I've been convinced. I'll stick to my word and stick to 650.

Thanks for the advice

[Danglekt]

personally I like to be a person of my word, so if I agreed a price, that's what I work for.

So much is built on personal reputation in what I do, that I wouldn't consider it for what is only a marginal benefit.

Also, if you are earning £650 per day you will quickly hit the VAT registration threshold which is around £80k now I think. As I understand it, you can't choose to enter it or not, you have to, but you can choose the flat rate rather than the more comprehensive one.

[jmo21]

For what it's worth, I think it is both poor form (changing your price) and greedy (they accepted so quickly you're immediate thought was they are desperate and you should ask for more).

But regardless what I or anyone else on here says, it only matters what people at client co and agency think. The risk is they might immediately bin you.

[VillageContractor]

Unless you're prepared to walk away I wouldn't.

[Bozwell]

I don't think it's greed, but going back after a price has been negotiated (albeit a very short negotiation) is poor form.

Say you got a quote from a builder which you agreed immediately, then the next day they say actually I have changed my mind and the price is 5% more, I'd tell them where to go.

In your situation I'd be annoyed with myself that I'd apparently undervalued my skills, which I'd remember for next time, but trying to renegotiate after agreeing a price would be a risky and £650/day is a whole lot more than £0/day. For all you know £650/day just happened to be the price they had in mind and would have negotiated down to that value whatever you asked for.

[pr1]

it's not about the actual amounts it's the fact you've agreed a number and now want to go back and increase it - if a builder quoted X for a job on my house and I agreed, I'd be pretty p****d off if he came back later wanting 8% more

[PerfectStorm]

How many businesses would you respect for upping their price on a quote?

[dkennedy1001]

Is a business trying to bring in as much money as possible greedy?

If you decided to stop taking holidays to bring in as much money as possible to the detriment of your family life then I would think there are elements of greed/selfishness creeping in...same goes for larger companies covering up malpractice in search of profits etc.

Extreme examples I know but at some point I do believe greed does come into it.

Maybe not too much greed in my case as I guess Im just being more opportunistic as they seem to need someone and will pay the extra. Will probably give it a go and shoot for £700.

Cheers

[d000hg]

Is a business trying to bring in as much money as possible greedy?

That question is pretty much the centre of this discussion.

[heyya99]

Is a business trying to bring in as much money as possible greedy?

[d000hg]

Depends if you have a view what your services are worth, independent of what you can get for them. Some do, others don't.

[SpontaneousOrder]

Odd definition of 'greed'. Is there some upper limit to earnings which is considered 'too much' ? I don't get it. And exactly why is it too much?