Comments on: Setting Your Rates: Another Approach http://gigaom.com/collaboration/setting-your-rates-another-approach/ Fri, 10 Feb 2012 07:31:59 +0000 hourly 1 http://wordpress.com/ By: rmwpnb http://gigaom.com/collaboration/setting-your-rates-another-approach/#comment-78557 Thu, 19 Mar 2009 03:05:11 +0000 http://webworkerdaily.wordpress.com/?p=6130#comment-78557 Nice article looking into freelancing myself due to the poor job market. http://investormation.com

]]> By: Stowe Boyd http://gigaom.com/collaboration/setting-your-rates-another-approach/#comment-78556 Sat, 03 Jan 2009 04:14:23 +0000 http://webworkerdaily.wordpress.com/?p=6130#comment-78556 I use the ‘Ten Day Rule’ which means I have to make enough in ten days of consulting each month to cover my monthly nut. Figure out what you need, divide by ten. See http://bit.ly/uqiq for more info.

]]> By: Walter Wise http://gigaom.com/collaboration/setting-your-rates-another-approach/#comment-78555 Fri, 02 Jan 2009 22:18:38 +0000 http://webworkerdaily.wordpress.com/?p=6130#comment-78555 In determining an hourly rate, the total wrap rate is about 2.0 or 2.1, meaning a 2 to one ratio. So if you want to earn $60K, you need to bill out about $120K. The additional $60K will cover all the expenses listed above, plus your overhead expenses such as PC, Internet, phone, cell phone, office, office supplies, marketing, travel, etc.

]]> By: rick http://gigaom.com/collaboration/setting-your-rates-another-approach/#comment-78554 Fri, 02 Jan 2009 21:07:20 +0000 http://webworkerdaily.wordpress.com/?p=6130#comment-78554 Mike,

One thing I do too is to tell people that they can get discounts if the commit to a certain number of hours. For example, if someone needs me for 3 months and commits to that I can give them a discount because I no longer have to spend time looking for work in those 3 months. You need to structure this so that you’re covered if they decide a month in that they don’t need you anymore, but it serves to open the conversation about rates well.

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