Is there a rule of thumb for freelancers about how your hourly rate should compare to your day rate? Should your day rate be 8x your hourly rate? More? Less?

likehelpful
Posting as :
works at
You are currently posting as works at

Day rate should be 10 times. For two reasons.

One, it protects you from being screwed, because nobody consistently works 8 hours. Two, it makes the hourly rate look like a “deal” but it’s actually better for you because you’ll inevitably have days even longer than 10 hours.

likehelpfulsmart

Exactly what I needed. Thank you!

like

Depends for me. Hourly rate x8 makes sense, but if it feels like the gig is going to demand long days, sometimes I’ll up my day rate to be more like 9x-10x of what my hourly rate is.

likehelpful

https://joinfishbowl.com/bowl_j7o8i

Related Posts

I recently switched to a developer role in a product based company from a support engineer for past 4 years in a service based company. I got a good hike as well.

Since I did it I think anyone can do it. Let me know if my experience can be of your any help.
Happy to help!

likesmart

Hi Guys,

Can I get some refferal for Cloud Automation fields : VCenter, Powershell, Azure...
Application Development : .net , C#, javascript, html, css...

Currently I am on notice period. With total experience of 3 years 10 months.

Also please give some idea of what CTC should I expect....

like

I have received offer from accenture but still I am not accept it as my current company's increment letter is due. Is they consider my increment letter and send me the revised offer letter if I accept it now???? Please help me.

like

Good morning,

Can someone help me understand the compensation for a Digital Risk Management Agent?

like

Hello fishies, I have got an offer from S&P for 30LPA with 8.5 YOE . The designation is software engineer and the role is for production support. Is it a good offer or should I renegotiate.

like
like

Despite failing or losing parts of the CPA exams, let's not forget we still got promoted and some increase in pay.

like

Hi folks. Just collecting some info.
Please drop ur ctc if u r 6or7yoe as data engineer. How much u r getting and if u switching how much u r expecting. This will help the upcoming data engineer to negotiate better.

like

Hello fishes,

How much should I expect in terms of fixed pay for JL2 position with 2 years of experience?

like

Has anyone interviewed at FUELED based in NY for a remote location, if yes kindly guide me regarding salary expectations.
I am a QA engineer with 4 years of experience in manual.

like

approaching salary inequality? Agency has strict position salary caps. But hired employee at 15% higher, without good reason. Best way to approach this, knowing you’ve outperformed them consistently?

likesmart

I am currently working as a PayPal AWF/CW in contractor's payroll for the past 3 months. I heard many got converted from AWF to FTE. So what is the process for FTE conversion? Should I clear some Interviews? Also how much would the salary increment be? On par with regular hiring? Any minimum time limit of being in AWF before FTE conversion?

like

If job posting pay was $36.66 hourly (no range) what would be an acceptable offer and counter offer?

like
like
like

Hi I am in ESG field with a potential offer from Australia- what is the competitive salary? I am getting 110 as a response from google searches but would it be safe to push for 140-150?

like

Hi Fishes,
How much salary can we expect with 7+ YOE as a Unity Developer?

like

I currently work as an APM at a FAANG company but recently received an offer to join an MBB. I’m very excited about the role but didn’t realize I’d need to take a pay cut when I applied (~100k base + ~20k bonus + ~60k equity vs. 90k base + 10-20k bonus). Considering that I currently work 40-60 hours/week, I’ll be making significantly less per hour at the MBB. I’m very interested in the opportunity but also don’t want to make a poor financial decision early in my career. Thank you for your time!

like

More Posts

I recently moved to Dubai after getting married. I am still continuing my last job but eventually I'll hv to find a new opportunity here. I am from architecture background and wud like if someone who could help me with a referral. As far as my capabilities are concerned, I hv personally loved teaching and managing projects cz I am able to connect with my team/students and get the job done. So it'll be great if someone would want to give me a chance for who I am personally and not just on paper

like

Any recommendations for men’s workout/athletic shirts (<$75)? Looking to finally upgrade from basic cotton/blend tees.

For reference, I’ve tried a few Rhone shirts and they are fine, but looking for something made of thinner material.

like

I was just going through a Facebook privacy checkup and under the data privacy checkup, it says that I gave indeed access to my Facebook account because I used it to login. Should I be worried about that?

like

Hi, I'm completed B.E Mechanical Engineering and doing Mechanical work at HCL. Here so many Mechanical works are there but no one having knowledge of this. Before joining me also not know about the type of jobs are available... Many opportunities are available in service industries also...

like

Hi All,

Can anyone tell how GPI (Global Pricing Innovations) company is? I've an offer of 9.5 L (Fixed) from them and TCS is providing 8.1LPA (variable included).

Just starting in cloud work, what certs would you recommend to start the learning process? AWS, Microsoft, Comptia etc…TIA!

like

Hello,
Can we take back resignation on the last day in lti?

like

I feel like there are more people engaging on professional networking platforms (like this one) right now. I'm wondering what will happen when all goes back to normal. Do you think people will still stay this connected?

like

Is anyone working or knows anyone who works at Oysterhr? I've been looking at their glassdoor and it's full of positive reviews. I wonder what is it really like and also what is their salary range for project managers?

Looks good but I need some verification to know if this is not a sham.

like

Guys - A seasoned BSA looking for PO / PrM opportunities in asset and wealth management firms. Is anyone willing to refer me to their team or forward me to their acquaintances? Appreciate it.

like

Thx for joining and I'm looking forward to the banter on this bowl!

Do Starwood reservations eventually come over onto Marriott after you combine? Mine still haven’t...

like

Deloitte GPS folks, can I get the scoop on the background check process? How long does it take, how thorough is it?

like

Could some one help with correct noc code for service management lead

Has Pfizer done away with Assoc. Director roles in favor of Sr. Manager roles?

like

Which A-list actors/actresses are your inspirations for getting into the film industry and why?

like

Any IICS certified professional here ?

Additional Posts in Advertising

Which major agency do you think has the best branding? And the worst?

like

Men 🐟: Is the unwritten rule of urban spacing dead?! Too many guys ponying up nice and close lately. Ladies, do you have any similar unwritten rules of the bathroom?

like

No finesse in this McGregor / Merryweather fight promo ... this is the Trump-dashian sht show of premier fighting events. Class and taste have taken a major hit in the age of the interwebs.

like

Hello!! Does anyone know if there are any open positions @ mediavest/spark? I'm a temp & was told they don't know when I'll be hired on. So I thought I should apply online instead of waiting. Thanks!!

like

Any other integrated agencies working in Agile across the full agency? Trying to understand how this plays out as we roll it out.

like

I've been getting poached on LinkedIn by omnicom the past few weeks. Something about building a new "marketing research team". Anyone either at Omnicom or elsewhere know what this department could be?

like

We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

like

What are some questions to ask/things to look for before the first time you’re jumping ship that helped you decide whether it was worth it (other than remoteness, salary, and benefits)?

like

Just got laid off do I need cobra? I plan to hopefully have a job soon

like

Who has more earning potential: Creatives or Producers? Talking about two aspects: mid-career salary and lifetime earning potential? I feel like producers peak earlier but creatives have higher max?

like

Getting really frustrated with a boss that is completely bipolar in our interactions. Management does not seem willing to tell them to stop being psycho. Beginning to think the only way out is out

like

Buntin Group in Nashville - is this a reputable agency? What’s the good/bad/ugly on this place?

like

Given the outbreak, are places actually going to be hiring right now? Recently laid off from 9-5 and my freelance is starting to fizzle.

like

Thank you all for existing on Fishbowl and for being such a supportive community. It’s been a difficult year, but at the end of the day, I’m glad to have people to commiserate/celebrate with ❤️🙂❤️

like

What small or mid sized NYC shops are doing good work right now?

like

What are some things a recently laid off junior can do right now that’ll benefit them once agencies start hiring again?

like

Saturday night live is getting good again.

like

The socks I like are left and right footed and indicated as such on the bottom. Honestly, some mornings it takes two tries.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal