In order to calculate how many working days you have available per year you must consider potential sick days, days you’ll invest in further training, vacation days, etc. Now, it is advisable to determine how many days per week, month, or year you are looking to do freelance work.Įven if some freelancers often work through the weekend, this should not become the norm – especially if you have a family waiting for you!Īdditionally, friends that work as full-time employees usually only have time to meet up on the weekends, so it’s important to have this time off for socializing (at least occasionally!) Please note income taxes change a lot from country to country.Īs an example, freelancers in Germany can expect to pay between 8% to 42% on income tax rates depending on the total income. Tip: If you’re unsure about what some of the expenses are going to be yet as a new freelancer, reach out to freelancers within your industry and get talking! Think of what would be your desired income and add it to your expenses. In addition, your salary should be counted as an expense. It can be easy to forget small things such as the cost of office supplies, certifications, travel, marketing, branding, etc, so make sure you make a note of these expenses as well. Make a list of every little expense you incur as a freelancer. □ Interesting read: What insurance do you need as a freelancer? Take into account any and all costs from less obvious ones such as internet fees, website hosting, and software costs to more general costs such as rent, utilities, office equipment, legal and accounting, taxes, insurance, etc. The first, most crucial part of defining your freelance rate is to calculate all your expenses. Later on, we’ll take a closer look at the profiles of the freelancers who answered the survey – predominantly working in SAP, consulting and management, IT infrastructure, development, engineering, graphics, content, and media. office space, working materials, taxes).Īccording to our last freelancer survey, the average freelancer rate among IT professionals in 2022 is $98/hour. While your own rate may differ, you can use this value as a basis for your own calculation. rent, food, clothes) and professional ones (e.g. This includes both private expenses (e.g. General tips on how to price yourself as a freelancerįirstly, your hourly rate calculation should take into account any and all monthly costs and expenses that you as a freelancer might have.
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