The World’s Simplest Freelance Rate Formula

by John Hewitt on 4/7/2008

There are so many ways to determine freelance rates. Most of them are better than this one. This, however, is the simplest way:

Step 1: Start at $20 an hour, $20 a blog post or $.20 a word. This is a fairly low level. Feel free to start higher.

Step 2: Increase your fee by 5 ($25 an hour, $25 a blog post, $.25 a word) with each successful gig.

Step 3: When your prospects start telling you that you charge too much, don’t raise your rates for six months.

Step 4: Try raising it again.

Congratulations! Whatever number you end up with is your rate.

Comments on this entry are closed.

{ 4 comments }

Freelance programmer March 16, 2009 at 5:51 am

Simple, effective, and constantly increasing – I like it!

cmdweb April 20, 2009 at 9:00 am

I’m sure a little tongue-in-cheek, but good honest advice on rates at last!

Svetainiu kurimas October 19, 2009 at 12:30 am

I did more or less what you are suggesting (before I read this) and it has worked for me. Its a sensible way to go when you are not a known quantity.

Svetainiu kurimas October 19, 2009 at 12:31 am

Now that is a challenge! I will try this out and let everyone know the outcome

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