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In this tutorial, the speaker addresses how to respond to a client's inquiry about hourly rates and project costs. The significance of how you answer these questions is emphasized, as it can influence the continuation of the conversation. The speaker shares personal experiences of initial anxiety surrounding these topics, which was alleviated by defining their own hourly rates. They explain the existence of multiple rates based on the type of work being performed, ranging from basic tasks to more complex projects. Two key aspects will be covered: providing an hourly rate estimate and estimating the total project cost.