Freelancing Resources

I recently put together a list of freelancing resources for one of my friends and thought I would share it here.


Pricing

A Handy formula for calculating your hourly rate:

Calculate your direct and indirect expenses

Annual expenses = Sum of:

  • Rent
  • Utilities
  • Insurance
  • Employee salaries and benefits
  • Advertising and promotion
  • Outside professional services
  • Equipment
  • Office supplies
  • Business taxes
  • Client services

and any other expenses

Calculate number of working hours

Working hours = (Number of working days a year - holidays - vacation time) * Number of hours worked per day

Calculate hourly rate:

Hourly rate = (Annual Expenses + Profit Margin (10% is a good start)) / Number of working hours

Other Pricing Resources: