Why You Should Pay More To Freelancers
the real cost
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Let’s talk about something that might ruffle a few feathers but needs to be said: hiring cheap freelancers. I know, I know - it’s tempting. You see a rate that’s too good to pass up and think, “Why not? It’ll save me money!” But here’s the thing—choosing the cheapest option can cost you more in the long run, especially in creative fields like content creation and digital marketing.
So, grab your chai, and let’s unpack this together.
But first, let’s take a look at today’s top headlines:
📌 Sensex tumbles 1200 points, Nifty slips below 24,200
The Indian stock market experienced a significant downturn on Friday, with the Sensex plunging 1,207 points (1.48%) to an intraday low of 80,082 and the Nifty50 dropping 368 points (1.49%) to 24,180.
Key Reasons Behind the Decline:
Global Market Weakness: Declines in US and Asian markets, influenced by higher-than-expected US producer price inflation, impacted sentiment.
Slow Industrial Recovery: India's October Index of Industrial Production (IIP) grew marginally to 3.2%, signaling sluggish economic recovery.
FII Selling Pressure: Foreign institutional investors sold stocks worth ₹3,560 crore, driven by high valuations and a stronger US dollar.
🚨 RBI receives bomb threat
The Reserve Bank of India (RBI) received a bomb threat email written in Russian, targeting its Mumbai office and sent to Governor Sanjay Malhotra’s official email. Mumbai Police promptly registered a case and initiated an investigation.
This incident occurred shortly after Malhotra assumed office as the 26th RBI Governor.
📌 Zomato shares slip over 2%
Zomato's shares dropped 2.6% to ₹277.90 on the BSE after receiving a ₹803 crore GST demand notice, including ₹410.70 crore in tax and an equal amount as interest and penalty. The company plans to appeal, stating confidence in its case.
Quality and cost aren’t friends
Here’s the deal: you always get what you pay for.
Cheap freelancers often don’t have the experience, expertise, or time to deliver high-quality work. Think about it. What’s the point of saving money on a blog post if it’s riddled with errors or missing the depth your audience expects?
A botched article or a half-baked social media campaign isn’t just embarrassing; it can hurt your brand’s reputation. And then, you’re back to square one, paying someone else to fix it.
Missed deadlines means missed opportunities
Let’s be honest. Cheap freelancers are likely juggling multiple clients to make ends meet. That often means late responses, missed deadlines, and rushed work.
You’re gearing up for a big launch, and the freelancer you hired delivers your materials two days late. Your marketing timeline goes out the window. Frustrating, right? So, think before you leap
Experience is priceless
Experienced professionals might charge more, but they bring something invaluable—industry knowledge. They get your audience, your goals, and your vibe. Cheap freelancers? Not always.
Your audience can spot cookie-cutter content from a mile away. To stand out, you need someone who understands your niche, not just someone who copies and pastes ideas.
But micromanagement is pricey
Here’s a sneaky cost we don’t talk about enough: your time.
When you hire someone inexperienced, you end up spending hours explaining things, reviewing drafts, and fixing errors.
That’s time you could’ve spent growing your business or, you know, actually enjoying your weekend.
So, how to hire smartly?
Okay, so what’s the solution? It’s not about spending a fortune; it’s about finding the right balance.
Look for value, not just low rates. The cheapest option isn’t always the best one.
Check portfolios. A quick glance at their past work can tell you a lot about their skills.
Set clear expectations. A good brief can save you from a lot of back-and-forth.
Invest in relationships. A reliable freelancer is worth their weight in gold and they’ll get better at understanding your needs over time.
When you cut corners, you risk quality, time, and even your reputation. So, the next time you’re tempted to save a quick buck, ask yourself: Am I investing in my business or setting myself up for a costly redo?
So, that’s it from me today!
See ya 👋
