Working as a freelancer means that you get to set your own prices. But those prices have to be both competitive to win the job and adequate to cover your expenses. It isn’t as easy as it may sound.
Freelancers have the freedom to charge what they want for their services, and no matter what they quote, their clients are willing to pay to get a good job done. This is an ideal situation for a freelancer, as well as a myth that lures many people into becoming freelancers. And, it simply isn’t true.
There are many freelancers working in every imaginable field and the competition is extremely fierce, especially for some specific fields. In this case, it is up to the freelancer to quote a price that covers his expenses and time, but is not too exorbitant. After all, you don’t want to lose out on a lucrative contract simply because your bid is slightly higher than another freelancer’s, do you?
All freelancers have their own rates for different projects. These are calculated using different factors. The various factors that come into account when deciding your charges are:
Cost of resources
The most important resource that you charge for is your time. How much is your time worth? According the US work laws, the minimum working rate is $10 per hour. However, as a freelancer, you get to decide how much money your time is worth. Also, get an idea of the current going rate for your particular field, so that you can judge your rate. This is done by networking and visiting freelance sites.
Overhead
Remember, you’re paying a rent or a mortgage. You are also paying for electricity, water and other utilities. Hence, you need to incorporate these figures into your hourly rate of work.
Expenses
How many expenses are you going to incur for the completion of the project? If it requires research, then you probably have to join a library, or buy a few books on the subject matter. Long distance interviews over the phone, travel expenses, or any petty costs that may need to be addressed during the course of the project should be included within the costing.
Commissions
Most freelancing websites, which act as middlemen between the freelancer and the employer take a certain percentage from the freelancer as commission. This commission should be worked into your costing too.
These are a few matters that need to be taken care of when figuring out how much you ought to charge for your services. You can find more about freelancing at FreelanceSprout.com
Thrilling Escapades Await on the Alabama Gulf Coast
The Alabama Gulf Coast isn't just a haven for beachgoers seeking tranquility on its pristine white sands; it's also a playground for adrenaline junkies craving action-packed adventures. From land to sea to sky, the region offers an array of exhilarating activities that cater to the most daring spirits. Whether you're looking to satisfy your need for speed or get up close with wildlife, the Gulf Coast has something to elevate your heart rate.
Unveiling the Ultimate Fishing Adventure on the Alabama Gulf Coast
Discover the ultimate fishing adventure on the Alabama Gulf Coast, where anglers can indulge in a variety of fishing experiences. From the thrill of deep-sea battles with yellowfin tuna to the tranquility of freshwater lake fishing, this destination caters to every preference and skill level. Whether you're seeking a charter boat excursion into the Gulf of Mexico's blue waters or a peaceful family picnic by a lake, the Alabama Gulf Coast is your go-to fishing haven.
Discover the Natural Wonders of Alabama's Gulf Coast
The Alabama Gulf Coast is not just a haven for beachgoers but also a paradise for nature enthusiasts and hikers. With a diverse range of trails, Gulf State Park invites visitors of all abilities to immerse themselves in the area's stunning landscapes. From leisurely walks to challenging treks, the park's trails offer a chance to explore the rich flora and fauna, witness the aftermath of historical weather events, and enjoy the tranquility of freshwater lakes.
