Minimum Viable Rate for Freelancers: Calculate Your Floor
What is the lowest rate you can charge and survive? How to calculate your minimum viable freelance rate.
Your minimum viable rate is the hourly rate below which you'd earn less than a comparable employee after taxes and expenses. Calculate it by adding your target annual income, all business expenses, and self-employment taxes, then dividing by billable hours. Going below this floor means you're subsidizing your client. Use this number as a hard line in rate negotiations.
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Key Features
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Project Management
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Approval Workflows
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