What You Need to Know About Freelancing Rates
Contrary to popular belief, being a part of the freelancer marketplace isn’t easy money. Although it’s true that working from the comfort of your own home is easier than spending most of your waking hours at an office, freelancing still requires a person to work just as hard as when he or she has a traditional job.
Here’s one more fact about freelancing: rates can range anywhere from peanuts to remarkable!
The amount of money you get to earn after every project or at the end of the month will depend on many things, ranging from your educational background, work experience to client list. Don’t forget the kind of service you’re offering and the amount of time you are willing to devote in front of the computer!
So in other words, it’s not safe to assume that being a freelancer will help you make end meets so much better or earn way less than you would if you had a 9-to-5 job.
EXPERIENCE IS EVERYTHING WHEN IT COMES TO RATE
When checking out online freelance jobs, you may notice that a lot of clients prefer individuals with previous experience. No one can really blame them for doing so — the freelancing world is filled with competent and incompetent people!
For clients, making the mistake of hiring the wrong person for the job is time and money down the drain.
Because they consider their resources precious, most of the time clients have no choice but to make it clear that they want applicants to have prior work experience. In return, they will make sure that those who will end up hired will be compensated financially in the most favorable way possible!
If you are tempted to pretend that you have got enough experience for the sake of getting hired, don’t! Sooner or later the truth will come out, and it will break not only the heart of the client who trusted you but also your image! Always keep in mind that honesty will always remain as the best policy.
HAVING AN IMPRESSIVE CLIENT LIST MATTERS, TOO
The problem with being a freelancer is this: initially, you will usually have to settle with low-paying gigs in order to have your career kick started. Fret not as this comes with a purpose, and that is to have your client list built slowly.
See to it that you impress every single client that gives you a break — it’s always a good idea to have a client list in which every person on it will be more than willing to vouch for your diligence and trustworthiness. Needless to say, it’s likelier for you to be paid better if your reputation is stellar!
As a general rule of thumb: the more striking the client list, the higher the pay deserved.
Once you have proven more than enough to your current client that he or she made a smart step when you were hired, feel free to check if a raise would be possible.
SOME FREELANCE SERVICES SIMPLY GET MUCH HIGHER RATES
Not all online freelance jobs are the same — the minute that you start searching for one, you will realise that many of the freelance services clients are looking for these days are not that easy.
As an example, some of the services they need would require a freelancer with a certain educational background and degree. There are also services out there in which an applicant should be licensed or certified. So in other words, no one should assume that all freelancing jobs are cut from the same piece of cloth!
The more competitive and challenging the industry you belong in, the higher your rate — it doesn’t matter if the job you are about to take on is paid per project completed or at the end of the month.
High-paying freelance jobs can be found in paid freelancing platforms and also free job posting sites like Jobvigo.