When you stand at the top of cliffs, what do you feel? The pull to destruction. It’s uncanny, isn’t it? Most people feel the hypnotising suction of the abyss. It’s a nasty sensation drawing you forwards and down. Yet, it is possible to get free from its hypnotising clutches and get out of its clasp.
It’s scary to imagine being caught up in this suction to despair; when your income is dwindling, and you’re feeling yet another step closer to being an unemployed statistic. That’s when it happens—the undertow of despair raises its head and says: Should I drop the hourly rate to remain competitive on the market?
Why? Why must you drop your hourly rate?
Why must you drop your hourly rate to remain competitive? Is it because you looked into the Internet for new projects and read a search advertisement for a qualified teacher? I read such an advert for a qualified CELTA or TEFL business English teacher just the other day. Minimum qualification: CELTA or TEFL and a university degree. The lessons should take place on the Internet (Skype) because the person travels a lot. Sounds good, doesn’t it? Until you come to the hourly rate: 6 Euros for 60 minutes. And you know someone is going to accept the offer…
It’s not just the qualified and trained English language teachers at risk. ALL educational teachers are at risk because there is always someone who accepts a price way below market price. Worse still, these people are not even aware they are price dumping.
Students or unqualified native speakers often do price dumping looking for pocket money. For qualified and trained teachers, those who have spent money, invested time and effort in earning their professional qualifications, and keeping professionally up-to-date, price dumping is a catastrophe.
Nothing. But you can work against price dumping by setting up a structured marketing strategy to ensure your livelihood as a professional teacher and trainer. Most freelancers don’t realise their market exists; one which pays its teachers and trainers well despite all so-called global crises. Your first step is to know how to establish (how to brand) yourself in your market and, based on your successful branding, how much you can charge for your services to reach the standard of living you want.
Be honest. Why don’t you feel able to charge a reasonable price for your freelance teaching service? Do you think it is the economic crisis at fault? The economic crisis is pushing down a decent earning wage and the number of your students and projects…
Is the economic crisis really at fault for the dilemma?
No, it isn’t. It is not the reason you cannot charge a realistic hourly rate.
Let’s take my freelancing niche English. The demand for English is higher than ever before. Employers and employees need English for work. Companies are only hiring employees with English.
What about your freelance teaching niche?
Which of these teaching professions depends on an active or recessional global environment? You may spot other reasons. However, the global recession is the least problem a freelance teacher faces. The market can (and does) pay fair prices and rates for quality products and services.
Still not convinced?
Whole commercial and marketing strategies are based on supply and demand. If there is a demand for a product or service, the price will rise. If the market demands fall, the prices will fall. A collector’s market mirrors the supply and demand market perfectly.
If your product or service has a reputation for excellence, a global recession will have no effect on the price; it will continue to pay top fees. It won’t pay for shoddy, sub-standard, or inferior quality products and services irrespective of a bull or bear market.
Low-paying teaching services are not always (but often enough) sub-standard work. People are looking to supplement their income. However, what is the advantage of offering low-paying teaching services?
Let’s talk about my niche: the English Language Teacher and Trainer.
Because there are enough untrained English teachers on the market who are cheaper, the general assumption is that the market won’t hire well-qualified and experienced English teachers.
This is wrong. A qualified and trained English language professional [put your niche here] can always find well-paid work. In fact, it’s a big advantage to have so many unqualified and untrained “English teachers” [put your niche here] on the market. Your higher rate automatically puts you into a higher professional class and teaching category.
As a professional freelancer in your trade, you’ve good arguments to support your more qualified teaching and hourly rates:
…and perhaps the most important of all
Armed with your qualifications, experience, and proof, your next step is to make yourself visible and available to prospective clients. When you want to avoid the abyss’ pull to destruction or suction of despair, you have to look more closely at your visibility.
The alternative is to remain invisible and continue the good fight against the pull of the precipice and the undertow of despair.