It's one thing to love your job as a #freelancer.
It's another to set your rates to bring you profit.
Here's how you can set your freelance rates without shooting yourself in the leg.
It's another to set your rates to bring you profit.
Here's how you can set your freelance rates without shooting yourself in the leg.
📍Check out other freelancers in your niche
Asking other freelancers in your niche will help you know how to set your rates. You can check the profiles of other freelancers on Upwork, Fiverr, etc.
Asking other freelancers in your niche will help you know how to set your rates. You can check the profiles of other freelancers on Upwork, Fiverr, etc.
📍Your Experience:
You can now set your rates based on the amount of experience you have and how fast you are in getting the job done.
If you don't have much experience, you can reduce your rates. It will help you attract more clients. You can increase your rates as you grow.
You can now set your rates based on the amount of experience you have and how fast you are in getting the job done.
If you don't have much experience, you can reduce your rates. It will help you attract more clients. You can increase your rates as you grow.
📍Your Expenses:
Yes! You can take a look at your budget and make your plans from it. If you plan to get new equipment for your freelance business, then you have to add the cost to your rates.
Yes! You can take a look at your budget and make your plans from it. If you plan to get new equipment for your freelance business, then you have to add the cost to your rates.
📍How much you plan to earn as a salary:
Freelancing brings freedom, even with your earnings. But if you have a target at the month-end, you will earn what you want.
For instance, if your target is to earn $20,000 every month, you might want to use this technique.
Freelancing brings freedom, even with your earnings. But if you have a target at the month-end, you will earn what you want.
For instance, if your target is to earn $20,000 every month, you might want to use this technique.
First, divide $20,000 by the number of weeks in a month.
$20,000/4 = $5000 every week.
Now, you want to divide that amount by the number of hours you plan to work every week.
$5000/40hrs = $125 per day.
$20,000/4 = $5000 every week.
Now, you want to divide that amount by the number of hours you plan to work every week.
$5000/40hrs = $125 per day.
📍How much the client is willing to pay:
Let's assume you have two clients with different budgets and the same type of job.
The first client has a budget of between $3000-$4000. And the other has a budget of $10,000. You can charge both clients at different rates.
Let's assume you have two clients with different budgets and the same type of job.
The first client has a budget of between $3000-$4000. And the other has a budget of $10,000. You can charge both clients at different rates.
How do you set your freelance rates? Let's know in the comments section below!
Don't forget to retweet, like, and comment!
A #freelancer might need this on your timeline!
#freelance #freelancer #freelancetips
Don't forget to retweet, like, and comment!
A #freelancer might need this on your timeline!
#freelance #freelancer #freelancetips
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