Comments on: Infographic: Are You Charging the Right Hourly Rate as a Freelancer?

By: Gandalf

Gandalf — Tue, 04 May 2021 17:14:36 +0000

Hi Ryan, I’ve been reading your blog for a while now and I’m generally pleased with the content. This post took a sharp left turn though. It doesn’t make any sense to me to charge a price based on how much you want to make. Shouldn’t the price be based on what it’s worth to the customer?

If you’re running a business, you need to maximize your revenue and minimize your expenses without sacrificing quality, breaking laws, or burning yourself out.

I propose charging what your product or service is worth. I regularly make $75 to $100 per hour doing bookkeeping because I charge a flat monthly rate, I do the work efficiently, and, most of all, because the value I provide far exceeds what I charge and my clients know that they’re getting a good deal.

In full disclosure, I HATE the hourly rate because you’re paying for someone’s time instead of his work. Other methods like flat rate, piece rate, and profit sharing ensure that the compensation is proportionate to the VALUE of the work being produced. I’ll never again work for an hourly rate.

What do you think, Ryan?

By: Ryan Robinson

Ryan Robinson — Tue, 05 Jan 2021 17:12:36 +0000

In reply to Anna Fakoor.

You’re very welcome, Anna 🙂

By: Anna Fakoor

Anna Fakoor — Sun, 03 Jan 2021 11:01:07 +0000

This infographic is really awesome. It makes the calculations whole a lot easier. Thanks Ryan!

By: Ryan Robinson

Ryan Robinson — Tue, 15 Dec 2020 17:15:47 +0000

In reply to Sathiyadevi M.

Wishing you luck in your new career! I’d start by browsing through some of the tech-job focused sites I talk about in this post: https://www.ryrob.com/freelance-jobs/

By: Sathiyadevi M

Sathiyadevi M — Sun, 13 Dec 2020 08:38:41 +0000

Hi I am finished master of Engineering in Embedded System Technologies. I have some skills in Programming languages, and multimedia. I would like to work as freelancer. But I don’t know what to do. can you help me

By: Lou

Lou — Fri, 30 Nov 2018 02:32:43 +0000

In reply to Lou.

Oops, I forgot healthcare cost. So the self-employment tax would be based on $91,813.

By: Lou

Lou — Fri, 30 Nov 2018 02:21:46 +0000

Correct me if I’m wrong, but on the infographic, shouldn’t the self-employment tax be based on the Adjusted Annual Salary, and not the Target Salary of $75,000? If you add the items
in the Cost Of Doing Business to the original $75,000, minus the self-employment tax, it adjusts to $87,013. So the self-employment tax would be based on that.

By: sabuj

sabuj — Mon, 27 Aug 2018 15:13:39 +0000

Hi, Ryan, this is sabuj from india. Now i study about web development, i wanted to become a web developer. I have also knowledge about photoshop. Now a days i working at a company full-time. I wanted to start my own business as a freelancer, but i have no idea about that, please help me and advice me how i start that…

By: J Khalaf

J Khalaf — Fri, 15 Sep 2017 06:19:28 +0000

This is was very good, thank you!