Determine if your engagement with a specific client is more complicated or less complicated to flex up or flex down on your hourly rate.

Compare your hourly rate/salary with the annual salary for your service industry.

Here are a few tips to consider with determining the hourly rate you should charge: Step 4: Digest Your Hourly Rate to Charge Clientsįinally, you will have your input as to what you need to chart your clients on an hourly basis.

Or, another example is the actual execution service.įor instance, you provide SEO services and you need a platform like Keysearch to do keyword research for clients. If you charge more money… You get make more money.Īn example of software a freelance might use is Quickbooks to handle their back-office accounting. If you land more clients, you can charge more money. If you perform well, you land more clients. You need to use the most up-to-date software to perform your job at the highest level. Secondly, you should have business expenses associated with doing your work. You'll likely need to put in the dirty work of having your contracts in order in the meantime.

I still think that is outrageous.įind ways to land clients directly. Some platforms charge 20% of your hourly rate or a fixed fee. If you use a platform for freelancing, you will likely have a portion of your pay eaten up as a service fee. See Related: How to Make Money as a Graphic Designer Step 3: Determine Your Expenses / Fees If you work 52 weeks in a year at 40 hours per week, that is 2,080 total hours of work.Ī lot of people in the United State work more than that, but do take some time off during the year. Secondly, you need to input the number of hours you want to work in a year. Step 2: Input Your Desired Numbers of Hours in a Year This will help flow down to the desired input. Step 1: Input Your Desired Annual Salary from Freelancingįirst, input your desired gross income from freelancing that you want to target. It's pretty simple but might require a small tutorial to help you. Let's get into how to use the freelance hourly rate calculator. Conclusion on Freelance Rate Calculator.What Hourly Rate Do You Need to Charge to Earn $60,000 Per Year?.Step 4: Digest Your Hourly Rate to Charge Clients.Step 2: Input Your Desired Numbers of Hours in a Year.Step 1: Input Your Desired Annual Salary from Freelancing.

Bizagi modeler hourly rate