Convert between hourly, daily, weekly, monthly, and project rates instantly. Enter any rate and see all conversions at once.
Choosing between hourly and project-based pricing depends on your work type, client preferences, and risk tolerance.
Your hourly rate should cover expenses, taxes, and provide profit while remaining competitive.
Project pricing requires careful estimation to ensure profitability while delivering value.
Not all working hours are billable. Understanding utilization helps you price correctly.
Research platforms like Upwork, Fiverr, and industry-specific sites to see what others charge. Consider your experience level, location, and specialization. Start with market rates and adjust based on demand and feedback.
Yes, rush projects deserve premium pricing (25-50% more) because they disrupt your schedule and may require overtime. Clearly communicate rush fees upfront to avoid disputes.
Review your rates annually or when you gain significant new skills. Increase by 10-20% based on experience, market conditions, and demand. Communicate increases to existing clients with advance notice.
Common structures: 50% upfront + 50% on completion, or 33% upfront + 33% mid-project + 34% on completion. For large projects, monthly milestone payments work well. Always get payment before delivering final files.
Define scope clearly in your proposal with specific deliverables and revision limits. Charge extra for out-of-scope work. Use contracts to protect yourself and set clear expectations with clients.