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  1. Dec 6, 2022 · Mistake #1. To set project-based fees, many creatives estimate the time that they will spend. They look at the scope of a project, estimate the number of hours, and then multiply the hours by their hourly rate. They add a few extra hours for buffer and send over a quote.

  2. Jul 24, 2023 · 221. As a result of our calculation, you have 221 days free for work each year. Considering an 8-hour working day, that would be 1.768 hours/year. But as a freelancer, you must also consider the time pursuing new clients, phone calls and client communication, administrative work, etc.

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  3. May 28, 2024 · Using the 60%/40% as a baseline, we can recalculate the hourly rate using only the billable hours: = 1920 hours x 60% = 1152 billable hours (+ 768 non-billable hours) = $50,000 / 1152 billable hours = $43.40/hour. As a freelancer, you'll have to balance the best way to use your time.

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  4. Apr 5, 2021 · The client knows your rate for the future projects. If you underestimate the time, you’ll still get paid for your time spent. This type of freelance pricing also has some drawbacks such as: You’ll be paid less if you do the job efficiently. The client will frequently ask the remaining time because they pay hourly.

    • Create Your Own Pricing Plan. No matter how you price your services, how much you earn will always depend on the amount of time you have for work and how much work you can get done each day.
    • Browse Freelance Websites. Another way to find the best price for your service is to find out what other freelancers are charging on freelance platforms.
    • Use An Online Tool. You can also use online tools to find out about the rates others are charging. This will help you get an idea of how much the experts are charging so you can figure out a competitive price to offer to your clients as a beginner.
    • Ask A Professional. If you still can’t figure out a way to find the ideal price for your services, the best thing to do is to ask from a pro. Now, this is not going to be easy.
  5. Harking back to our earlier conversion copy example, if the freelancer expects that the new landing page will bring in $25,000 of revenue in 12 months, they can charge 15 to 20 percent of that revenue for helping the business achieve their goal. So, in this case, $3,750. A mark-up of over 3,000 percent compared to hourly billing.

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  7. Mar 19, 2021 · It is common among freelancers to charge 25% more than usual for a rush job, although you could charge up to 50% more if you will be majorly inconvenienced, such as giving up a summer long weekend to work on the project. Remember that all businesses charge a rush fee for a faster turnaround, from printers to plumbers. That means you should too.

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