A freelancer hourly rate is the amount you charge a client for each hour of work you complete. It's one of the most common pricing models in the freelance world.
What is Freelancer hourly rate?
A freelancer hourly rate is the price you set for one hour of your professional services. It's a straightforward way to bill clients for the time you spend on their projects, from writing code to designing graphics.
Why is this important?
Your hourly rate is the foundation of your freelance income. Setting it correctly ensures you cover your business costs, earn a fair profit, and value your expertise appropriately in the market.
How does it work?
You track the time spent on a client's project using a timer or timesheet. You then multiply the total hours by your agreed rate to create an invoice. Payment is typically made upon invoice submission.
Pros and cons
The main pros are simplicity and fair payment for all work, including revisions. The cons include an income ceiling based on your available hours and potential client disputes over time tracking.
Conclusion
An hourly rate is a practical starting point for many freelancers. It provides clear structure for billing but may not always reflect the full value of your work. Consider it alongside other pricing models as your business grows.
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