![]() The first thing to do is think carefully about what the client is asking of you. Now that you’ve calculated your day and/or hourly rate, you need to decide how you’re going to charge them to clients. ![]() Remember that some of these costs can be counted as business expenses, meaning you can subtract them from your profits and, therefore, reduce the amount of tax you pay. You’ll also need to calculate in other general costs, such as rent, utility bills, supplies, and equipment. However much you decide to charge clients, remember that any income you make will, of course, be subject to taxation. You also need to consider other expenses, such as saving toward a pension and having some spare cash handy in case you fall ill. Some freelancers knock off additional days and class them as non-billable hours (time spent doing business admin, pitching for work, etc) to give themselves a higher and more appropriate day rate. Simply divide your day rate by the number of hours you aim to work each day.ĭon’t forget that these figures calculate billable time only. You can break this down even further and calculate your ideal hourly rate. You’ll be looking to work for 225 days of the year, discounting weekends and 28 days holiday per annum. Let’s say you’ve got a year of experience under your belt and would like to take home a salary of £26,000. ![]() Some companies may offer you work in return for “exposure” – a crafty way of essentially getting you to work for free, something we recommend strongly against doing.Ī great starting point when navigating how much to charge clients is thinking about the ideal amount of money you’d like to earn that falls in line with your experience. Your skills are valuable, so don’t devalue yourself by chronically undercharging from the outset. If you’re new to freelancing, don’t feel disheartened. Use your time and experience to gauge your ideal freelance rate. However, if you’ve been working in your sector for a while and are thinking about going freelance, you shouldn’t feel like you have to start on the first rung of the ladder. This is simply because they don’t have the same level of knowledge, expertise, or experience. Are you a seasoned professional who’s been working in your field for many years, or are you a fresh-faced graduate with nothing but a newly polished qualification under your belt?įreelancers who are just starting out or only have a few years of experience probably won’t be able to charge as much as someone who’s been in the game for longer. First, think about the level of experience you’re bringing to the table.
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