So you’ve decided to take the leap and become a full-time freelancer. Here’s how to figure out how to charge what you’re actually worth and earn the money you deserve.
Most people start freelancing as a way to make some extra income. Maybe you want to pay for a vacation, buy a fancy piece of tech or start paying off those burdensome student loans. Freelancing offers a fantastic way to earn some money on the side.
Whatever the reason, you may have more luck with freelancing than you expect. It might only take a few months f0r you to realize that freelancing can become a full-time job with even more job security than your 9-to-5 gig. You work fewer hours per week, you control your hours and you can even charge a little bit more than your current salary.
But transitioning from a side hustle to full-fledged income can be hard. In fact, there are some upfront investments you might not even be aware of, from a stronger internet connection to marketing and networking fees. The first step towards financial independence through freelancing is setting the right hourly rate.
Choosing the right rate will make it easier to achieve your target salary while also considering other expenses you might not think of when quitting your job. Check out today’s infographic to choose the right rate for your business.