Quick Answer: How Much Do Freelancers Charge For Social Media?

What should I charge for hourly rate?

Business schools teach a standard formula for determining an hourly rate: Add up your labor and overhead costs, add the profit you want to earn, then divide the total by your hours worked.

This is the minimum you must charge to pay your expenses, pay yourself a salary, and earn a profit..

How do I determine my hourly rate?

To determine your hourly wage, divide your annual salary by 2,080. If you make $75,000 a year, your hourly wage is $75,000/2080, or $36.06. If you work 37.5 hours a week, divide your annual salary by 1,950 (37.5 x 52).

How do I start a social media freelancing site?

6 Steps To Start A Social Media Consulting BusinessAcquire the Necessary Skills. No one will hire you as their social media consultant without the right qualifications. … Find Local Businesses As Your First Clients. … Determine Your Rates & Financial Policies. … Start Freelancing & Choose Your Niche. … Hire People to Help You. … Obtain Financing If Necessary.

How do freelancers charge for social media?

If you opt to go hourly, newer social media freelancer rates can hover around $15-$50 per hour. For more intermediate social media marketers, they can make $50-100 per hour. And an experienced social media manager can make $120+ or much higher.

How much should I charge for social media design?

Extra social media posts: $45 per post. Graphic design: $50/hour. Consulting: $150/hour.

How do I calculate my hourly rate as a freelancer?

A common approach to figuring out an hourly rate is to divide the salary you want by the number of hours worked each year:40 hours/week × 52 weeks/year = 2,080 hours.$100,000 desired salary ÷ 2,080 hours = roughly $50 per hour.

How much should I charge per post?

As a minimum I would say you should charge at least $50 per hour for post creation, $100 per hour for photography, and $150+ per hour if you are a real expert in your field. Next we figure out how much your sponsored posts are actually worth as far as the coverage they provide to the brands you work with.

What is freelancer hourly rate?

What Is An Hourly Project? On an hourly project, a freelancer is paid for the number of hours that they have worked, rather than being paid a fixed price for a specific deliverable. This payment occurs on a weekly basis.

How do I become a social media freelancer?

My tips for becoming a social media manager:Get experience. You’ll only get hired if you can prove that you’re good at managing social media. … Consider specialising in a certain platform. … Apply for jobs every week. … Tell people what you’re offering. … Read through my list of ways to get freelance jobs.

What qualifications do you need to be a social media manager?

Personal requirements for a Social Media ManagerAble to analyse and interpret information.Creativity.Very good communication skills.Good organisational skills.Able to work independently or as part of a team.A strong interest in social media and the internet.

How much should I charge as a freelancer?

For instance, if you want to earn $60,000 dollars a year, that means you should earn $5,000 each month. If you intend to work for 40 billable hours each week, then you need to charge $125 per hour. In this case, if a client gives you a project that takes you ten hours, you would then charge them $1,250 for the project.

How do freelancers do social media marketing?

Here’s the site’s affiliate disclosure policy for full details.4 Steps to Earning Your First $1K as a Freelance Social Media Manager. Is freelance social media marketing something that interests you? … Get the Skills and Tools You Need. … Market Yourself and Build a Portfolio. … Define Your Business Plan. … Find Paid Gigs.

How much should I charge as a contractor?

Calculate what you should be paid. Refer to Glassdoor to determine annual salary in your field, for your position and in your location. Next: divide by the annual hours ‘typical’ to a full-time position – 2080. Example: $50,000 / 2,080 = $24 per hour. Add any overhead costs that you will incur to accomplish the work.

How much is it to hire a social media manager?

Basic social media management starts around $150 per month Hiring a social media manager to create, post and track these valuable incentives starts at approximately $150 per month. Depending on the services offered by your social media manager, this price may also include some Facebook advertising.

How much should I charge for an Instagram post?

According to Adweek, the average price per sponsored post is about $300, with influencers that have 100,000 followers earning closer to $800 a post.