How to Calculate Your Hourly Freelance Rate

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How to Calculate Your
Hourly Freelance Rate
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Are You Beginner in the World of Freelancer?
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Confused About How to Calculate Your Freelance
Rate Per Hour?
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We Will Show You How to Calculate Freelance
Hourly Rate Easily!
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• Every new freelancer will have a question in
  mind What Should I Charge to Survive? What
  Should Be My Freelance Hourly Rate?
• Scroll the next pages to see the calculation.

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Step 1
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I want to make 50K per year!
Determine Your Target Annual Salary
50,000/ Year
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Step 2
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Now You are self employed, So you will be having
new expenses and overhead. It Includes office
supplies, internet, electricity bills, project
management tools, phone bills, Paid softwares,
promotion and marketing, allowances for
uncollected payments, tax, food and accommodation
etc. Suppose all this
expenses cost you
30,975/ Year
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Step 3
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Now, Calculate Annual Salary Target Salary
New Expenses
50,000 30,975

80,975
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Step 4
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• Calculate Your Number of Billable Hours per Year!
• While Calculating the number of hours, you should
  consider the below factors
• Vacations
• Holidays
• Sick Days etc.

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Working hours per year 2080 Three weeks
vacation 120 (15 Eight Hours Days) Seven
Holidays 56 (7 Eight Hours
Days) Five sick days 40 (5
Eight Hours) Total Off Hours Per Year 216
Hours
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To calculate total billing hours, follow the
below calculation Total billing hours
Working Hours Per Year Total Off Hours Per
Year
2080 216
1864 Hours
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The non-billable activities that you will be
performing are signing new clients each week,
making phone calls emailing, marketing,
performing an administrative task and much more.
Assuming non-billable time as 25 calculate the
actual billable hours per year. The actual
billable hours per year 18640.75

1398 Hours
Total Billing Hours 1398 Hours
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Step 5
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Divide the total annual salary by billable hours
per year. Total annual salary/actual billable
hours 80975 / 1398 hr 57.92 Per hour
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Yay.! You Got Your Hourly Freelance Rate! That
is 57.92 Per hour That can be rounded to
58 / Hour
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