What Freelance Pricing Statistics Say
Posted: Sat Jan 18, 2025 6:08 am
Are you part of the gig economy? If you’re like most of the American workforce, your answer is yes.
By 2020, it is predicted that 40% of working Americans will be freelancers. This speaks volumes about the growing trend, but what is not being discussed is how to set prices for freelance services.
This is a major concern, especially for those who are just entering the market. You want to price yourself so you are doing more than just making ends meet, but not so high that you don't get any customers.
So let's take a look at how to properly price your freelance service. First, let's look at some key findings.
Payoneer did a survey in 2018 that shows some interesting information about the state of freelance pricing.
For example, the average hourly rate is around $19, but can range from $11 to $28. Administrators and customer support representatives tend to earn the least, while legal service providers earn significantly more.
It has also been found that older freelancers earn more armenia cell phone number database than their younger colleagues, which is understandable. Experience plays a role in how much you can earn.
With the rates we’re seeing , you might imagine that not many are happy with what they’re charging. Overall income satisfaction for freelancers is 5.03 (measured between 1 and 10).
It’s no surprise that a whopping 68% of freelancers want to improve their earnings.
If you are in the same boat or want to avoid this dilemma altogether, here are the steps you should take.
1. Research what others in your industry charge (or pay)
a woman sitting at a table with a laptop
While you don’t want to base your pricing on other freelancers, you want to make sure you’re pricing competitively. You want to be on par or slightly higher (or lower, depending on your strategy) than your counterparts.
There are several ways to gather this information. You can Google freelancers in your industry. Visit their sites to see if they list their experience and rates.
By 2020, it is predicted that 40% of working Americans will be freelancers. This speaks volumes about the growing trend, but what is not being discussed is how to set prices for freelance services.
This is a major concern, especially for those who are just entering the market. You want to price yourself so you are doing more than just making ends meet, but not so high that you don't get any customers.
So let's take a look at how to properly price your freelance service. First, let's look at some key findings.
Payoneer did a survey in 2018 that shows some interesting information about the state of freelance pricing.
For example, the average hourly rate is around $19, but can range from $11 to $28. Administrators and customer support representatives tend to earn the least, while legal service providers earn significantly more.
It has also been found that older freelancers earn more armenia cell phone number database than their younger colleagues, which is understandable. Experience plays a role in how much you can earn.
With the rates we’re seeing , you might imagine that not many are happy with what they’re charging. Overall income satisfaction for freelancers is 5.03 (measured between 1 and 10).
It’s no surprise that a whopping 68% of freelancers want to improve their earnings.
If you are in the same boat or want to avoid this dilemma altogether, here are the steps you should take.
1. Research what others in your industry charge (or pay)
a woman sitting at a table with a laptop
While you don’t want to base your pricing on other freelancers, you want to make sure you’re pricing competitively. You want to be on par or slightly higher (or lower, depending on your strategy) than your counterparts.
There are several ways to gather this information. You can Google freelancers in your industry. Visit their sites to see if they list their experience and rates.