{ "media_type": "text", "post_content": "Freelancer here. I typically charge by the hour. Picking up a side project that's a 360 campaign. Quick turnaround. How do you convert your hourly rate to a project rate?", "post_id": "59a4a99b20adac0016ebef66", "reply_count": 6, "vote_count": 3, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising" }

Freelancer here. I typically charge by the hour. Picking up a side project that's a 360 campaign. Quick turnaround. How do you convert your hourly rate to a project rate?

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What they said, but get a guaranteed finish date in writing. Deadlines can be moved.

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Estimate the number of hours you will likely work on the project per day. Multiply that number by your hourly rate. Now take that number and multiply it by the number of days you will work on the project. Round up. Bada boom, bada bing project rate.

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I always write out a very detailed schedule to go with my estimate. Give a date for round 1, a date when R1 feedback is needed by, date for R2, etc. and then add a clause that if the schedule isn't followed the estimate doesn't stand. It also helps them understand where my time is being used.

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Charge for every round of changes after the first three.

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The clause should say based on 3 RDS of reveiw asssuming the third review aka the final Rd for approval (aka no additional feedback). The third Rd is where things can bite you in the butt. I've had cases with things went into 8+ reviews so make sure you outline allllll assumptions.

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Thanks, all!

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