5. Calculadorafreela

A simple and user-friendly calculator that lets you find out how much you charge clients as a freelancer. This tool was designed by Aldana Fiandrino and programmed by Argenis Fontalvo. Just like other hourly rate calculators we have talked about, Calculadorafreela takes into account the expected net monthly income.

1. Adjusted Monthly Income

The first part of the calculator aims at easily finding hourly rates, requiring you to estimate both your income and costs. It also takes into account the monthly cost of freelancing. These costs include administration, internet, software, telephone, change of laptop, marketing and savings for tough times. There are other costs that are meant to be included while calculating the rate. For instance, health insurance and taxes.

2. Calculation of Annual Billable Hours

For the second part, you will be required to provide the number of hours per year that you will be working. There are numerous occasions when you won’t be working at all, including holidays, sick days, vacations, and paperwork. This should be considered while figuring out your hourly rate.

3. Total Hours

This is the page where the average hourly rate for each category on Workana and the achievement level system are. It first highlights your rate based on your inputs, followed by the rate of other freelancers offering different services. This is done with the use of a ranking system from Hero, Platinum, Gold, Silver, Bronze and down to Iron.

This calculator made by freelancers on Workana has a distinguishing feature that allows you to find the best freelance job postings.

Pricing- Free

Conclusion

Being a freelancer can sometimes be hectic, but thanks to technology that has been making many work processes very easy and fast. Ideally, a freelancer should be able to determine how much a task is worth if his/her skill is hired. Although, we most likely charge differently depending on the level of experience or expertise. You are only doing yourself a favour if you decide to ease yourself the burden of figuring out how much you want to charge a client.

There are so many hourly rate calculators one can find online but these five above were carefully selected and you go no wrong if you decide to choose one out of these, bearing in mind to choose according to your need. You should first know what works for you.

However, it is important to understand that when you are calculating the freelance hourly rate, you should think in terms of value, not time. These tools may not be right in some cases as they don’t put into account some variables like behavioural attributes, sentiments, etc., attached to a task. Generally, it is a good solution to utilize especially as a new freelancer who does not have an idea of how much is typically charged in the industry.

A Good Way To Think About Pricing

It’s time to return to reality. Forget about earning your ideal wage or even just the bare minimum to survive. How much you believe you’d like or need to make should have very little bearing on your hourly rate. How much value you provide to your clients is what ultimately sets your rate. If they don’t perceive enough value in you to pay that rate, you won’t get hired. No work at a high rate is worse than some labour at a reasonable market rate.

That calculation does not take into account how much money you believe you should earn. If you have gained five additional years of experience, new skills, and the cost of living remains the same, should your hourly rate be higher? A rate calculator would say no, but in reality, the response is yes. The factors that most significantly affect the rate you can command are your skill, experience, professionalism, and effort. Think of rate in terms of value, capabilities and reliability, they are good metrics to determine your rate as well.