How to Figure Out Your Rates as a New Freelance Writer (2024)

FAQs

How to Figure Out Your Rates as a New Freelance Writer? ›

The average freelance writer makes about $29 per hour, and the average freelance writing rate per word ranges from $0.05-$0.10 for beginner writers, $0.30-$0.50 for intermediate writers, and $1-$1.50 for experienced writers.

The average freelance writer makes about $29 per hour, and the average freelance writing rate per word ranges from $0.05-$0.10 for beginner writers, $0.30-$0.50 for intermediate writers, and $1-$1.50 for experienced writers.

Determine Your Baseline Freelance Rate

Start by dividing your desired annual salary by 52 (for a start). That gives you the dollar amount you need to earn per week. Then, take that amount and divide it by 40. That gives you the hourly rate you need to charge clients.

Here's a breakdown to help you gauge your per-hour rate based on your experience level: Entry Level — $15 to $30 per hour. Intermediate — $35 to $60 per hour. Experienced — $65 to $100 per hour.

When determining how much to charge for a 500 word article, you should consider various factors: Experience: Beginners can charge between $3 to $25, while more experienced writers may charge $30 to $150 or even more, depending on their expertise and research level.

As of May 22, 2024, the average hourly pay for a Freelance Writer in the United States is $23.27 an hour.

How do I tell someone my freelance rate? ›

TEMPLATE FOR QUOTING YOUR RATE:

In regards to your [type of assignment] project with a deadline of [due date], my fee would be [$Fee]. Of course, I'm open to a conversation about this. So, if you have any questions or anything else you want me to be sure to be consider, I'm all ears.

First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50,000 and works 40 hours per week, the hourly rate is $50,000/2,080 (40 x 52) = $24.04.

Desired profit amount + desired salary + operating costs / number of income producing hours = your hourly rate. For example: Desired profit of $16,500 + desired personal pre-tax salary of $83,500 + operating costs of $30,000/1040 income generating hours = $125 per hour.

Just below the project details, you can place your bid. (1) Enter your bid amount, (2) enter the number of days for delivery, (3) describe your proposal, (4) list milestones or tasks and set a Milestone Payment^® for each task, (5) choose an optional upgrade if you wish, and click Place Bid.

In order to accurately reflect your working experience with a freelancer, be honest with the review that you will leave for them. This will properly set the expectations of the clients that your freelancer will work with in the future.

Build Your Writing Muscles

Right now, a realistic goal for you could be writing 500 words each day. In six months time, those 500 words might have become 1,000. In a few years, you could be producing 2,000 words that you're happy with, every single day.

The answer depends on several factors like quantity, quality, and volume of the content. It can also vary from agency to agency. For example, an entry-level freelancer can charge between ₹0.30 to ₹0.50 per word for a blog, whereas an entry-level writing agency can charge between ₹1 to ₹3 per word for the same.

Hourly graphic design rates vary based on experience and design specialty. Typically, more experienced graphic designers will charge between $65 to $150 per hour. In contrast, more entry-level freelance design rates range from $25 to $50 per hour.

Average Salary for Writers. Most writers are self-employed, and their experience directly impacts their salary. An entry-level writer with less than one year of experience can earn an average compensation of $50,215. As they gain more experience (1-4 years) are expected to earn an average of $52,945.