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Rather just being only WordPress blogger, some of us have gone further up by becoming freelancer after gathering enough skills and knowledge on the topic that they are blogging about.
They are also WordPress bloggers who take WordPress project as they are have familiar enough with WordPress and believe that they have enough knowledge to take up simple WordPress project at early stage.
What is the best pricing approach?
However, it is crucial for us to know what is the hourly rate that we should charge on any project that we are going to take. It is because we must balance up between profits that we decide to earn and the customer’s bargaining power as there are probably a lot of people out there that offers same service at cheaper price.
We should think what is the reason customer will choose us as compared to others and priced our service accordingly.
Freelance Swith Calculator – Simple tool for freelancer
FreelanceSwitch is a site that is specifically being set up for freelancers which has blog, forum, job board and freelancing resources. Among the freelancing sources that it has is tool that can give freelancer rough estimate on hourly rate that freelancer should charge.
The tool is called FreelanceSwitch Hourly Rate Calculator.
This is the quote from the tool page:
We have developed this hourly rate calculator to give you a guide based on your costs, number of billable hours and desired profit. It is a simple tool for you to play with.
The way how it calculates the hourly rate is consisted of four elements which is business cost, personal cost, number of hours we can actually bill and amount of profit we would like to have.
What you should know about this tool is you will only you the benchmark i.e. rough idea on hourly rate that you should charge your client. The rate should be adjusted accordingly depends on market demand and complexity of the project for example.
Personally I think this is a great tool as rather just take only business cost into account, it also takes into consideration the personal cost that we incur which we should considered before taken any freelanced project. I also love for the fact that it will give us two final hourly rate figures which are ideal hourly rate and hourly rate to breakeven i.e. cost equal to revenue.
Few screenshots of the tool:
What do you think?
Have you used this tool before? What d you think about it? Does it help you to get rough idea on the hourly rate that you charge your client? I am eager to know more about it.