-
A Breakdown to Setting Your Rates as a Freelancer
One of the most significant benefits of working for yourself is setting your own rates. One of the biggest drawbacks of working for yourself is also… setting your own rates. Setting freelance rates is both an advantage (hello, higher income!) and a burden (what the heck do I charge?!).
Charge too much for an hourly rate or a project, and you risk losing a client or a job. Charge too little, and you risk losing time and money on a project that doesn’t pay you what you’re worth.
We’re not going to sugarcoat it: Setting freelance rates is a challenge, and it doesn’t necessarily become easier as you advance in your career, gain experience, or increase your income. Still, there are a number of strategies and principles to keep in mind when setting your rates, so that you can strike a balance and get the most out of every client or project.
