startup-costs, business-model, pricingI’d like to know what’s the difference between fixed price and flat rate? My startup offers unlimited design service. I have 3 pricing plans that are billed monthly. Therefore, no matter how many designs client ask, they only need to pay one price per month. Should I call it fixed price or flat rate? If it’s flat rate, should I write flat rates because I have 3 pricing plans? Will appreciate any help. Thanks in advance.
Usually, fixed price means it’s not subject to bargaining, and flat rate is used to convey that the charge (or % charged) is the same in all cases.
Although the distinction is largely semantic, there are usage considerations. This this blog link elucidates the point:
"Terms like "fixed rate" and "flat rate" can often confuse consumers. In general terms, a fixed rate is an interest rate that applies to a loan, while a flat rate is a method of payment that someone charges. The two terms apply in different situations, with a fixed rate referring specifically to interest rates, and a flat rate referring to the way someone charges for a service."
"Fixed rate" can have usages beyond interest, but based on what you want to use the term for
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