Most freelance writers aim for a target hourly rate to hit their financial and career goals, using that rate as a basis for the work they charge. For example, a writer might expect to produce one article per hour and charge $40 per article in order to make an average rate of $40 per hour. Given the salary they used to receive, this may be more or less than they were hoping for.
This is a simplified example, but it can be applied to most types of freelance work. The biggest problem with this straightforward approach is that it might give you a false sense of security about your hourly rate, or worse, cause you to calculate a rate that’s far too low to reach your goals.
So how can you figure out what you’re really making per hour? [Read more…]