Nimble Freelancer

Work from home tips. Passive income path.

SEMrush
  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Contact

How to Write a Bid Letter as Freelancer?

by freelancer

Are you a Freelancer/ Independent Contractor/ Vendor?

Have you recently come across the term Bid Letter and you are trying to find an authentic definition?

SEMrush

Well, you have landed in the right place.

Today, we will discuss Bid Letters and all the jargon associated with them.

 

SEMrush

Let us first learn the definition of a Bid Letter.

What is a bid letter?

A Bid Letter is a bridge that serves as a form of communication between a company and a Freelancer/ Independent Contractor.

SEMrush

 

  • How to write a bid letter as a Freelancer?
  • Why?
  • So, what’s the ideal mantra?
  • What if the proposal gets rejected?

How to write a bid letter as a Freelancer?

To write a bid letter, you need to define the following things:

  • Scope of Work (Product/ Service)
  • Fees
  • Payment Schedule
  • Timeframe
  • Deliverable

 

SEMrush

 

If a company is looking for a Freelancer/ Independent Contractor to provide certain Products/ Services, it will put out a request for proposals. Next, interested Freelancers/ Independent Contractors will create a Bid Letter in response to the proposal request.

 

It is extremely crucial to understand the company’s requirements and criteria before drafting a Bid Letter. Usually, a proposal tailored to the specific requirements and criteria increases the chances of getting accepted by 2X. Also, acquaintance with industry rates for indicated Products/ Services is equally important for a Bidder.

 

Why?

 

Overpriced Bids end up in rejection.

Underpriced Bids have a smaller return on investment.

 

If you are a newbie, you can find plenty of Bid Letter samples on the Internet. In fact, some sites even offer appealing Bid Templates.

 

Although the Templates are generic, they can be quickly customized/personalized to cater to the proposal requests. Interestingly, some even provide professional writing assistance, which can help you create Drafts and any follow-up communication associated with the Bidding.

 

Amazing.

 

Nonetheless, a perfect Bid Letter doesn’t assure any acceptance. Often, money is the prime aspect.

 

So, what’s the ideal mantra?

(Professional Bid Letter + Reasonable Delivery Date + Reasonable Cost)= Higher Chances of Acceptance

 

 

What if the proposal gets rejected?

 

If your proposal gets turned down, the concerned company usually sends a response back indicating the reason. Maybe they onboarded somebody who could do the project at a cheaper rate. Or, the chosen candidate could deliver sooner. Generally, companies always approach the Bidder every time they are needed for a similar product or service. Next time you draft a Bid Letter, keep in mind these points and nail it! Good luck!

 

 

 

Related posts:
  1. How to Write an Anonymous Letter?
  2. Definition and Significance of a Confidential Letter
  3. How to Buy a House as a Freelancer
  4. How to Earn Money as Freelancer ?
  5. How to Write an Archaeology Resume? – Archaeology CV Example
  6. Do you know your freelance rights?
  7. Retention Guarantee in Contracts

Filed Under: Freelancer

SEMrush
SEMrush

Categories

  • Active Income
  • Advertising
  • Amazon
  • Apps
  • Business
  • Computer
  • Ebay
  • Ecommerce
  • Education
  • Facebook
  • Featured
  • Formal education
  • Freelance
  • Freelancer
  • Gadgets
  • Gaming
  • Graphic Design
  • Grocery Business
  • Home
  • Industry
  • Internet
  • Investing
  • Jobs
  • Knowledge
  • Law
  • Legal
  • Life
  • Marketing
  • Mobile Phone
  • Money
  • Network
  • Network
  • Passive income
  • Personal Finance
  • Rights
  • Sales Funnels
  • SAP
  • Selling physical products
  • SEO
  • Software
  • Technology
  • Uncategorized
  • Windows
  • wordpress
  • Work
  • Work From Home
  • Writing
  • Youtube
  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Contact

Recent Posts

  • Use 401k to Buy House
  • What is the Maximum Social Security Benefit in the US?
  • How Much is 3/4 Cup?
  • How to Order Sweet Cream on Starbucks App?
  • How Long Is a Million Seconds?

Copyright Nimblefreelancer.com 2020

Privacy Policy - Terms and Conditions