FreelanceSwitch, a great site for freelancers that I’ve just added to my blogroll, has a new hourly rate calculator.
If you still have your Schedule C handy or relatively fresh in your mind, filling out the business expenses section of the calculator will be easy. I guessed on most of the personal expenses and was fairly conservative on the number of hours I work and bill. It spit out an hourly rate that is a bit higher than I typically charge, but not by much.
If you are really new to freelancing, this is a great exercise and tool. If you’ve been around awhile, it’s a reality check to ensure your rates are what they should be.
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Thanks for the tip Kivi. Freelance Switch is a very useful and informative site. I’d missed this tool though.
This is a great tool. Thanks!
This is a great tool. Thanks!