One way to calculate your hourly rates as a freelancer is to do a cost-based approach. In this infographic, you can see a way to calculate your expenses, available hours and desired salary to arrive at an hourly figure.
Other factors to include in setting an hourly fee:
- Value: How much value are you providing? For example, if your help with result in significant amounts of increased revenue (marketing freelancer) or press (freelance PR), what is that worth? Charge a portion of that added value.
- Competitive situation: What are competitors charging? If they don’t work with you, how much will they pay the next person who’s equally as qualified as you?
- You can learn more about this in the ebook available here
So take a look at this infographic and keep the ideas of value, competitive pricing as well as costs in mind when setting your prices:
Source: Creative Live