2148: How to Set Your Freelance Rate by Daniella of I Like to Dabble on Side Hustles | Optimal...
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Episode 2148:
Daniella breaks down how to set your freelance rate when you have no idea what to charge. She covers researching the going rate through freelancer communities and rate databases, then walks through the hourly wage method, factoring in your expenses, your unpaid admin time, and the share of your hours that are actually billable. She closes with the other factors that move your number, including experience, how fast you work, availability, and discounts for steady clients.
Read along with the original article(s) here: https://iliketodabble.com/how-to-set-your-freelance-rate/ (https://iliketodabble.com/how-to-set-your-freelance-rate/)
Quotes to ponder:
"Don't focus too much on what other people are doing; set your rates based on what you feel is appropriate."
"Reputation matters as a freelancer and clients will pay more (and offer consistent work more often) when you're reliable."
"Keep in mind that low rates can help your business at the start, but eventually it makes sense to work fewer hours for higher paying clients and earn the same amount."
Optimal Work Daily is a daily career advice podcast where we narrate the best articles on productivity, entrepreneurship, and work-life balance, read to you by a professional narrator so you can grow your career a little more every day.
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