Re: project rate instead of hourly rate?
If you decide to set this up as a project, do you know or can you estimate how long it will take you to finish the project. Clients tend to go for a project rate more readily than an hourly rate because they know exactly how much the project will cost them with no surprises.
As far as whether he can afford your services, I would detail how much time he would be saving by having you do this project for him and how he could use that time to do other things to grow his business.
Good luck!
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Margaret
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