As a freelancer, everyone doesn’t know how to charge a price for an article. This will come to mind when you find a client or yourself in a place to set rates. Rates define your experience level, skill, and value. Freelance content writing rates are easy to decide. Read more to know about fixing the right rates.
Fixing Freelance Content Writing Rates:
Every freelancer will have a bunch of questions asking to themselves like:
Am I charging the right price? Am I charging too low? Will the client accept my prices?
This question will hit every freelancer’s mind. No one can set the right price for writing because everyone needs change simultaneously. So, fixing freelance content writing rates cannot be accurate every time. However, freelancers can improve their accuracy by keeping the following in mind.
Maintenance and Marketing Cost
As a freelancer, you wanted to maintain your portfolio, website, and invoice billing by yourself. Running ads on your social media accounts like Instagram and Facebook also costs a lot to market yourself among the competitors. Include the rent charges for your private space for work like an office. There is no problem when you are working from home. Add these rates while calculating the freelance content writing rates.
Billing Charges
Using a laptop, phone, iPad, computer, etc., devices need to cover up with network charges frequently to do your work smoothly. If you have any health insurance bills add that also to fixing freelance content writing rates. You cannot work when you are sick. You have to take a day off from your work. The cost of living in big cities is huge. Those prices can also be added while fixing the price rate.
Education and Course Fees
Many freelancers will be pursuing their degrees. They will have college expenses like fees, book fees, etc. These prices can also be added to fix the freelance content writing rates. Some will be employees who want to give a try in freelancing. Every freelancer will learn new courses according to their niche to upgrade themselves and enrich their knowledge to make themselves stand out.
Taxes
Freelancers have to cover their taxes, which is most important. Platforms like Upwork will deduct 10% for taxes. A survey says that nearly 20% –30% of freelancers’ pay rate goes to taxes. You need a professional to maintain your finances and guide you through finances. They will have a separate pay rate from the taxes.
You must include all these prices when setting your freelance content writing rates. First, fix how much you want to earn per month. Setting your monthly rates and target can help you to cover your monthly expenses.
3 Types of Fixing Freelance Content Writing Rates
Freelancers can decide their pricing model. Freelancers can use a freelance rate calculator to calculate their prices. Here are 3 types of fixing freelance content writing rates:
- Pay per word
- Pay per hour
- Pay per project
Pay Per Word
Pay per word follows a strict word count for every article. Blog article writers and SEO writers prefer to get paid on a word basis. Mostly every writer charges per word basis. You can ask the client separately for the extra charges. Because every article is different, some require in-depth research about the topic. This type of content needs more of your time and effort.
Average pay rate for word basis
- Beginner: $0.05 – $0.10 per word
- Intermediate: $0.30 – $0.50 per word
- Advance: $1 – $1.50 per word
Example: If you set your price as $50 for your article. Divide it as
50/1000 = 0.05
So, your pay rate per word is 0.05.
Also read: How to avoid freelancer burnout & stay productive
Pay Per Hour
Freelance platforms for writers like Upwork, People per Hour etc., prefer hourly rates. Freelancer can use their in-build time tracker or other web time tracker options to calculate how many hours they are into work. These time trackers will record your mouse movements on screen and take random screenshots of your work, etc., long form content writing can be paid by hourly rates.
Average pay rate on an hourly basis
- Beginner: $18.25 – $19. 25 per hour
- Intermediate: $28.30 – $29.30 per hour
- Advance: $40.25 – $49.50 per hour
Example: If you set your price as $30 for your article. You have worked for 4 hours. So, multiply it as
30*4 = 120
So, your pay rate is $120.
Pay Rate Per Project
You can set the prices per project when you don’t know how long you will work on your content. Also, not sure about how many words exactly your article will take to complete. Articles like ghostwriting, white paper writing, thesis writing etc, will be charged according to the project basis. Project rate changes from one project to another project.
Average pay rate on an hourly basis
- Beginner: $50 – $55 per project
- Intermediate: $80 – $95 per project
- Advance: $110 – $120 per project
Final Thoughts
A lot of opportunities are waiting for freelance writers. Writers need to know about the basic steps before finding clients. Fixing freelance content writing rates is also one of the important steps for every freelancer. There are many types of content writing each will have various price rates. Even though you need to stand out from your competitors, by upskilling yourself in your niche.
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