How to Calculate Your Hourly Freelance Rate for Fashion Designers
Freelancing in fashion can be a tricky endeavor – and while you don’t want to overcharge, you also don’t want to feel like you’re cutting yourself short.
But here’s the thing:
There are tricks to figuring out your freelance fashion design rate. It’s called math! But don’t worry, you don’t have to actually do any calculations. Using simple formulas, you can calculate your salary + expenses (to make sure you earn a fair wage).
So, how do actually do it?
With the freelance calculator! It’s absolutely free, and I even created a video to show you step by step how to use it.
GET THE FREELANCE CALCULATOR (AND LEARN HOW TO USE IT WITH THE VIDEO BELOW)
Make sure you don’t undercut yourself and charge enough to make a fair living
Drop your info below for the calculator, and I’ll also send my free book (with swipe copy templates!) on how find your first – or next! – freelance client
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In this video, you will learn:
00:23 How most designer think they should calculate their hourly rate, but why this is wrong.
01:15 How to calculate your hourly rate based on your desired salary
01:40 Calculating your overhead and expenses – including the not so obvious ones like education, self employment tax, and a buffer for clients who don’t pay
04:00 Figuring out your billable hours and giving yourself vacation and sick days
05:18 Buffering for work you don’t get paid for (invoicing, prospecting, promoting!)