Whether you’re just starting to do a little work on the side or you’re leaving your day job altogether, it’s important to know your worth as a freelancer. And contrary to what your “get a real job” parents may assume, you’re worth more than you think!
You also have to charge more than you think. After all, you need to factor in the additional costs of doing business on your own. This means thinking about things like healthcare, phone services, and software–things that would otherwise be covered by a company. Also, like any other job, you have to consider how many hours you will actually work on your own. Remember, anytime you take days off, you’re not getting paid.
So, before taking the leap, make sure you know the true cost of your work. This infographic from CreativeLive should help you crunch the numbers and come up with a realistic hourly wage.
Infographic courtesy of CreativeLive. Photo of freelance activities courtesy of Shutterstock.
This infographic was designed by Rachel Frankel. Architected by Ryan Robinson.
TopicsTools & Skills , Entrepreneurship , Freelancing , Infographics , Negotiation & Money , Side Projects
Previously an editor for The Muse, Alyse is proud to prove that yes, English majors can change the world. She’s written almost 500 articles for The Muse on anything from productivity tips to cover letters to bad bosses to cool career changers, many of which have been featured in Fast Company, Forbes, Inc., CNBC's Make It, USA Today College, Lifehacker, Mashable, and more. She calls many places home, including Illinois where she grew up and the small town of Hamilton where she attended Colgate University, but she was born to be a New Yorker. In addition to being an avid writer and reader, Alyse loves to dance, both professionally and while waiting for the subway.More from this Author