I have been in practice for 9 months now and I took on my first client at a reduced rate because a) I wanted a first client, b) he was the friend of a friend, and c) it would give me some confidence whilst looking for additional clients. I was more confident about charging a higher rate for my subsequent clients, because I already had one on my books, and I will be increasing rates for everyone in April as an annual increase.
Do what feels best for you - if you are worried about losing the client you could perhaps agree an initial rate as a 'special offer' with the rate increasing after say 3 months. As long as the client understands the terms you can agree what you like.
Good luck!
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