Comments on: Are You Earning Enough as a Freelancer?

By: Stephen Ward

Stephen Ward — Wed, 23 Dec 2009 15:50:23 +0000

It’s a trick of psychology, I suppose. When you’re a freelancer and you charge $50 for an hour of your work, you assume you must earn twice as much as your friend at the $25 per hour job. Just like you say, though, the math isn’t nearly that simple. In fact, your friend is probably much better off.

By: Shawn

Shawn — Mon, 30 Nov 2009 05:46:34 +0000

@Stephen – You are right, the time spent looking for other avenues of revenue should also be a factor in your pricing. Sometimes as one does freelance, I do find that more times I am not as “rich” as my bank account states. I have to factor in taxes, health insurance, business insurance, and much more.

Hopefully the smart freelancers are charging more than $50 at least. In the end you have to account for your extra costs that an employer would pay for otherwise.

Which is why I shake my head at all those out there who do the job for less. I don’t understand how they can feel successful at those rate.

By: Stephen Ward

Stephen Ward — Sun, 29 Nov 2009 23:11:49 +0000

Excellent and sobering advice. The solution is to use the free time looking for other methods of monetization (i.e., more clients), and to set money aside for rainy days, as you say. Both require an uncommon level of self-discipline, which I’ve always believed is a prerequisite to success as a freelancer.

By: Paul Long

Paul Long — Sat, 28 Nov 2009 15:59:08 +0000

Freelancing is a good gig to have right now. You have to keep looking for week so you can make a decent living. #1 Job Search Method

By: ALeX

ALeX — Sat, 28 Nov 2009 02:54:31 +0000

Ok, i haven’t really had any experience with freelance jobs, or any other job for that matter… (I’m a university student)

But the guy made ~650$ in a week. In my country(Greece) this is a little below minimum wage.
His real problem is to find 2-3 other jobs like that in a month…