This is reasonable, but you also need to account for social security taxes, medicare, health insurance, liability insurance (if you need it) if you are freelancing and working off of a 1099 and legitimately paying taxes on income that you earn.
I think 30%-50% markup on top of an hourly rate based on your past salary is reasonable in order to cover expenses, particularly if you are providing your own computer and software. Wendy ----- Original Message ---- From: Bryan Minihan <[EMAIL PROTECTED]> To: maya gorton <[EMAIL PROTECTED]>; [EMAIL PROTECTED] Sent: Friday, November 2, 2007 2:16:18 PM Subject: Re: [IxDA Discuss] Hourly rates? I quoted my annual salary divided by 2000 for the number of full time hours in a salary year (not my year, some fictitious guy who works 40 hrs a week), then add 10-20% for health insurance, since that's how much more (minimum) it costs for health working on your own vs for a company. As Dan mentioned, if it's after hours I charge more since I work quickly and that time is more valuable. If it were my full-time gig for awhile I would vary the rate depending on the anticipated add'l work or recommendations I might get from it. Then again, I built my mom's web site for free, so the calculation is to get a ballpark, not something you have to stick to. Bryan -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of maya gorton Sent: Friday, November 02, 2007 12:22 PM To: [EMAIL PROTECTED] Subject: [IxDA Discuss] Hourly rates? Hi there, How do you calculate hourly rates? Is there a formula that can help you extrapolate from a yearly salary? I have a freelance job that's 20 hours a week for the next 3 months, working remotely--I feel I should charge less than I would for a short-term project but more than I would for a full-time gig. What do you think? Can anyone give me a clue about industry standards in New York for a Senior IA and/or Creative Director? I'd be happy to hear anyone's experiences with this. Thanks for your help! -- m a y a ________________________________________________________________ *Come to IxDA Interaction08 | Savannah* February 8-10, 2008 in Savannah, GA, USA Register today: http://interaction08.ixda.org/ ________________________________________________________________ Welcome to the Interaction Design Association (IxDA)! To post to this list ....... [EMAIL PROTECTED] Unsubscribe ................ http://gamma.ixda.org/unsubscribe List Guidelines ............ http://gamma.ixda.org/guidelines List Help .................. http://gamma.ixda.org/help ________________________________________________________________ *Come to IxDA Interaction08 | Savannah* February 8-10, 2008 in Savannah, GA, USA Register today: http://interaction08.ixda.org/ ________________________________________________________________ Welcome to the Interaction Design Association (IxDA)! To post to this list ....... [EMAIL PROTECTED] Unsubscribe ................ http://gamma.ixda.org/unsubscribe List Guidelines ............ http://gamma.ixda.org/guidelines List Help .................. http://gamma.ixda.org/help ________________________________________________________________ *Come to IxDA Interaction08 | Savannah* February 8-10, 2008 in Savannah, GA, USA Register today: http://interaction08.ixda.org/ ________________________________________________________________ Welcome to the Interaction Design Association (IxDA)! To post to this list ....... [EMAIL PROTECTED] Unsubscribe ................ http://gamma.ixda.org/unsubscribe List Guidelines ............ http://gamma.ixda.org/guidelines List Help .................. http://gamma.ixda.org/help
