<aside> 👉 Use this calculator to explore how much you should be charging per hour for your work (and plenty more).
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/e92bb1e8-9966-4092-ae0b-77d53bde910d/Group_28612x.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/e92bb1e8-9966-4092-ae0b-77d53bde910d/Group_28612x.png" width="40px" /> This calculator is also part of Landmark’s Clarity OS: Freelance Model. If you’re looking for an integrated system to run your entire freelance or client-facing business, you can learn more about Clarity OS here.
Pricing is one of the most underrated skills of running a freelance or client-based business. It’s literally the fastest and simplest way to double (or cut) your earnings in under 5 minutes.
Building a 100% universal rate calculator is impossible. This is because pricing is tied to value. And value depends on all sorts of factors; not least one’s expertise, experience, and the specific client project under consideration.
Those factors aside, it can be helpful to look at one’s freelance rates from the bottom up—that is, starting with you, your expenses and financial goals.
To do so, we’ll look at:
From there, we’ll generate 3 scenarios, including an hourly and day rate for each.
<aside> 1️⃣ Click anywhere on the model to activate it:
<aside> 2️⃣ Then, fill in the ‘Monthly Expenses’, ‘Working Hours’ & ‘Savings Target & Tax’ inputs across the top tabs.
<aside> 3️⃣ Browse the various charts, adjust your inputs and explore possible hourly rates, day rates, monthly earnings, and your ‘true’ hourly rate with different inputs.
The first step is to input some information about yourself and your business. First on this list will be your expenses, found in the first tab of the rates calculator.
First, input your monthly expenses into the calculator.
As a freelancer, there are a few common expenses that are worth tracking. For this calculator, we’re going to keep it simple and break these down into: