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Starting out daily rate/weekly rate?

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I've been offered a freelance web design position and i've been asked for a daily rate/weekly rate? Can i have a rough estimate of good rate to tell them?

 

 

I'm based in London. Is the weekly rate the daily rate x 7?

 

More like x5 (Monday – Friday).

 

Sometimes a weekly rate is a little less than a daily rate as an incentive to an employer to book you in for a full week rather than just on a rolling day-by-day basis.

 

Get sneaky and anonymously email some freelancers in the same area and sector as you and see what they charge, then match it. Alternatively just ask a figure that you're comfortable asking for and ask it. Here in Manchester, a freelance designer generally starts at £25 per hour /£200 per day. I'm not sure if that rate would be higher or lower in London due to competition.

Work out how much you need to earn per hour in order to survive then add on a percentage for a profit margin and taxation.

 

However I can't see many surviving in London on much less than about £650 a week so you need to be charging around £17/hr at least.

Work out how much you need to earn per hour in order to survive then add on a percentage for a profit margin and taxation.

 

However I can't see many surviving in London on much less than about £650 a week so you need to be charging around £17/hr at least.

 

I'd up that minimum a little. Don't forget to factor in the ~30% of your earnings to the tax man. Basically put aside £30 from every £100 you earn to cover paying your income tax.

 

It's easy to think you're earning more than you actually are, so be sure that whatever you're earning DOES indeed cover your living and business expenses. You don't want to get lumped with a bill from HMRC that you can't pay.

When I contract out I offer hourly rate, day rate, week rate and month rate. The more time they 'block book' they get a discount on the hourly rate as they are essentially offering a guarantee on hours / money. When I freelance for myself in reality I probably get around 70% paid hours if I'm lucky ... at least contracted out you're not responsible for the phones and distractions, you can simply get on with it :D

 

So something like £35ph, £250 a day, £1200 a week and £4500 a month ish.

Edited by BrowserBugs

  • 2 weeks later...

When I contract out I offer hourly rate, day rate, week rate and month rate. The more time they 'block book' they get a discount on the hourly rate as they are essentially offering a guarantee on hours / money. When I freelance for myself in reality I probably get around 70% paid hours if I'm lucky ... at least contracted out you're not responsible for the phones and distractions, you can simply get on with it :D

 

So something like £35ph, £250 a day, £1200 a week and £4500 a month ish.

 

I'd go with something like this. If it's a long term project, make employing you long term worth while with discounts.

When I contract out I offer hourly rate, day rate, week rate and month rate. The more time they 'block book' they get a discount on the hourly rate as they are essentially offering a guarantee on hours / money. When I freelance for myself in reality I probably get around 70% paid hours if I'm lucky ... at least contracted out you're not responsible for the phones and distractions, you can simply get on with it :D

 

So something like £35ph, £250 a day, £1200 a week and £4500 a month ish.

 

Holy s**t, I only charge £15ph.. I need to re-think my prices..

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