A simple calculator to help you find out how much to charge as a freelancer.
How This Calculator Works
The Freelance Hourly Rate Calculator will help you determine what you need in order to support the lifestyle that you desire.
By entering information into each field, you can calculate an hourly rate based on your costs, number of billable hours, and desired annual profit.
Section One asks about your desired lifestyle. This includes how much profit you would like to make annually, how many hours a day you will be working, and how many days a week will be on your schedule.
Section Two asks about your daily and monthly personal expenses. This includes rent/mortgage, and occasional expenses.
Section Three asks about your monthly business and logistical expenses. This includes office rental fees, software subscriptions and communication costs.
Based on this information, you will be given your minimum necessary hourly rate, and total annual salary. Try it out, and see what it will take to live the lifestyle of your dreams!
Charging for Freelance Work
Here at Motiv, we believe that your preferred lifestyle should be the number one factor in selecting your rate, and settling on your annual salary as a freelancer. This tool will assist you in finding this information. All it takes is a little planning on your part.
Take a mental snapshot of the way you want your life to look in a year, five years and ten years.
Once you have a clear idea of your coming goals, you can begin to fill in the blanks.
The calculator is going to factor all of this information in your final result. Knowing what goals you hope to reach will give you the blueprint you need to work the way you want to.