One of the hardest things about going freelance is figuring out what hourly rate to charge. Freelance Switch has an easy-to-use online calculator to helps you figure that out.

Input your costs by various categories, including personal ones, how much time off you’ll take, and how much profit you hope to make. Press the magic button and presto, you’ve got your rate, or at least a starting point for calculating it.

As the site warns, “Remember your hourly rate should always take into account factors like market demand, industry standards, skill level and experience – things that unfortunately we can’t put into a calculator!”

Hourly Rate Calculator [Freelance Switch]

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