Here’s a scenario that most, if not all, freelance writers who have been working for a while are familiar with: you start communicating with a prospective client and discussing a project. It sounds like something you would be interested in taking on, and you can fit it into your schedule without too much difficulty. So far, so good. Everything seems is lining up really well. Then either you or the client brings up the subject of the budget for the project and how you will be paid. You are asked to give a quote, now that you know the scope of the project – are you better off telling the client that you will be billing by the hour or by project?