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If you’re leaving your 9-to-5, it might feel a little overwhelming to try and rally up the right number of clients to fill that gaping hole left by your no-longer recurring salary. Knowing what to price might leave you blank , but we’ve got you covered.
1.Overheads
It’s easier than you think. You need to calculate what you need to make each month to keep your standard of living. If you left your job because it wasn’t paying enough, then your freelancing rate can’t be at that same rate. You need to push it higher.
Tally up all your expenses, plus some new ones that might come along with your new role. Think changes to your taxes, additional insurances, paying your own health insurance.
Once you have a monthly figure in mind, it’s time to break it down to your weekly, daily, and hourly rates. Take a deep breath if it feels too high, it probably isn’t.
2. Your experience level
This is where things might become a little tricky because experience is a big bonus. Clients want to know that you’re familiar with their projects, needs, processes, systems, whatever. They don’t want to feel like they have to train you . So your pricing strategy has to be on point.
If you’re starting out in the freelance writing industryit’s going to be hard to charge $100 per hour. In fact, going to a client with that rate and nothing to show for it might conjure up a giggle and good chance they’ll ghost your emails.
3. The client’s willingness to pay
This one is a little bit of a tight rope and one you’ll need to watch closely. If you’re only dealing with cheap clients, you’re never going to get the rate you deserve, beginner or not.
Think of those $2-per-hour offers on bidding sites where you need to scour for hours, plus compete against other freelancers, before landing a project. Just don’t. You’re worth more than that. Even as a…
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