Understand what freelance work is really worth
Compare freelance day rates with salaries, estimate the hourly or day rate needed to replace employment and understand how billable time affects annual revenue.
What is a freelance day rate worth?
See how common freelance day rates translate into annual revenue at different levels of billable work.
How many days can a freelancer actually bill?
A working year does not mean every weekday can be invoiced. Holidays, administration, sales, training and gaps between clients all reduce billable time.
Why freelance rates are different from salaries
Not every hour is billable
Freelancers spend time on administration, proposals, invoicing, meetings and finding future work without necessarily charging a client for that time.
No automatic paid holiday
Employees normally continue receiving their salary during annual leave. Freelancers usually need their working rates to fund their own time off.
Pension and benefits
Employer pension contributions and other workplace benefits can add value beyond an employee's headline salary.
Revenue is not profit
Freelance revenue may still need to cover software, equipment, insurance, accountancy, training and other business costs.