Quote:
How much do you charge as a freelance consultant, vs a normal annual
salary? On average, percentage-wise? |
Salaried employees typically get paid slightly less then they are worth.
Consultants typically get paid 4 times what they are worth.
Quote:
Say you made 70k as a full-time employee last year... how much do you
charge the next company who wants to hire you, on-site with full hours,
but only as a freelance consultant to start?
(Note that this company has no health benefits for its own full-time
employees, though most of them are, unlike you, full-time.) |
OK, serious answer: You've already answered that yourself.
You just need to do the formula:
(total annual take home pay you want or need + total annual expenses) / #
billable hours you work a year = your hourly consultant rate
The two things to keep in mind:
1) List ALL expenses (tax liability, insurance, office, car, software,
hardware, paperclips, etc, etc, etc)
2) don't think you'll be billable 40 hours a week as an independent. You
have to account for marketing time, networking, office management, vacation,
etc.
-Darrel