Freelance Profit Margin: How to Calculate and Improve It
What is a good profit margin for a freelance business? How to calculate and increase yours.
Freelance profit margin = (revenue - all expenses) / revenue. Expenses include subcontractors, software, hardware, marketing, insurance, accounting, and self-employment tax. A healthy freelance profit margin is 40–60% after all expenses, including your own compensation. If it's lower, either your rate is too low, your expenses are too high, or you're doing too much unpaid work.
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