Billable hours are the foundation of freelance income for many. This is the time you spend on client-specific tasks that you can invoice for.
What is Billable hours?
Billable hours refer to the specific time you spend working directly on a client's project. This is time you track and then charge for in an invoice. It excludes non-client work like admin or marketing.
Why is this important?
It directly determines your income. Accurate tracking ensures you get paid for all your work. It also helps you quote future projects by understanding how long tasks really take.
How does it work?
You track time spent on a client's tasks using a timer, app, or timesheet. You then multiply the total hours by your agreed hourly rate. This total becomes the amount on your invoice to the client.
Pros and cons
The main pros are straightforward billing and payment for all work done. The cons include the pressure to track every minute and the potential income ceiling, as you can only sell the hours in your day.
Conclusion
Mastering billable hours is key to freelance profitability. Use reliable tracking and clear communication with clients. This practice ensures fair pay for your expertise and effort.
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