The Mathematics of Freelancing: What’s Your Hourly Rate? By Rich Mintzer
As I sat completing an article for $700, I realized that it had only taken me seven hours to write, or a hefty $100 per hour. Later that day, following an editor's notes, I completed a $100 article, which had also taken me seven hours, or a not so hefty $14.29 per hour. After reprimanding myself for taking on the assignment, I once again recalled my promise to no longer take on those poor hourly rate projects unless there was the potential of something much bigger and better to follow... …