What is the Average Hourly Rate for Freelancers?
Freelance hourly rates are rising fast, but what can you realistically expect to earn on platforms like Fiverr and Upwork?
In this blog post we’ll talk about the average hourly rates in freelancing. It’s important to know that actually the perfect pricing formula doesn’t exist for freelancers. Your choice of rate depends on several factors such as your experience, skills, reviews and rating on the platform you work.
The best part about hourly rates is that you can increase tem anytime you find it necessary. You can set a rate, and then see how potential clients are reacting to that rate and raise or lower it to match your needs.
🔹 The average hourly rates for experienced freelancers
It’s obvious that experienced freelancers who have good JSS, great feedback and rating on freelancing platforms offer high quality service. Therefore, they have the opportunity to charge higher rates.
Another important factor is the niche you choose and how often you update your skills. Nowadays, experienced freelancers know that they have to add new skills to their main profession to win high paying jobs. So, the average hourly rate you choose depends on your profession and the accompanying skills.
🔹 How professionals are setting new standards
Professional’s strategies are as follows. If their work results in more sales for the client’s business then they find it right to set their price based on that impact on the business. Second, they improve their skills and negotiate with the client to charge more for the improved service they provide. They know how to demonstrate the value they bring to projects.
🔹 The best way to start, gain credibility, and increase your rates over time
If you are a beginner but you already have a strong profile and standout portfolio then start applying for short-term serious projects and provide high-end service. Once you have good feedback and testimonials on your profile, you can increase your rate and apply for long-term projects. The job success score and your rate badge can help you become more successful and ‘valuable’.
🔹 The most in-demand skills that clients are willing to pay top dollar for
Find a skill that is in-demand, learn it fast and add it to your current skills. Or, you can even create a separate specialized profile and apply for jobs that match those skills.
AI, video editing, and accounting are just a few of the booming fields where freelancers are making serious money. If you want to maximize your earning potential, learning the right skills and positioning yourself strategically is key.
Final Words
As for beginners, we recommend you to watch over current rates according to the service you provide. You can also explore other freelancers’ profiles to have a better understanding of the average freelance rates.
Don’t forget to watch the video below to learn valuable tips from expert freelanceking Adam Palmer.
