[IxDA Discuss] Hourly rates?

[Dan Harrelson]

The advice given to me by a consultant focused on small (under 30  
employees) professional services businesses is that your hourly rate  
always have three digits. This means that a firm should never ever  
charge less than $100 per hour. Since a freelancer has less overhead  
than a company, the rate would drop accordingly.

If you are doing side work that's in addition to your "real job" then  
you need to take into account what that time is worth to you. I  
personally haven't tackled any side projects in over a year, but when  
I did, I charged a high rate because I knew that I'd be dedicating  
nights and weekends to the project. I value this time a lot and  
didn't want to short change myself, especially since it was "extra  
money".

If you are a full-time freelancer, then you would charge differently  
in order to keep your primary income stream coming in.

...Dan


On Nov 2, 2007, at 9:51 AM, Spina, Andrew wrote:

> A quick way to figure the hourly rate is to shift the decimal 3 places
> in your yearly and cut it in half. 100k is roughly $50/hr.
>
> For senior level work I'd expect from $75 to $200/hr.
>