Are you wondering what you should charge as a freelancer? Don’t worry. I got you with this free tool.
This sheet calculates the hourly cost of your in-house rate based upon variables. Note: this isn’t what you charge. This is what you cost yourself.
It contains:
- Fixed Costs Per Month: The monthly fixed cost (in dollars).
- Hours a Week: The number of hours worked per week.
- Hours a Year: The total number of hours worked per year.
- Hours a Month: The number of hours worked per month.
- Cost / Hr: The calculated hourly cost (in dollars).
The worksheet calculates an hourly rate based on fixed monthly costs and the number of hours worked allowing you to determine your profit (percentage).
You may also want to read this article about freelancing and watch the videos.