When I began relying on editing and writing to pay all my bills instead of just some of them, it became increasingly important to get a better handle on what I was making per hour. If you’re a freelancer, or even an editorial freelancer like me, you should really know how much you’re making per hour. If you don’t, that means a part of your finances is a mystery, and this can be dangerous to your wallet.
Getting paid per hour is great, but not all of my clients pay me that way. So, when you’re charging a flat fee for a project, how do you know what you’re really making?
Office Time became a valuable tool for me, recommended by fellow EFA members. I time my work even if I’m not being paid hourly. Office Time allows you to time your work easily and efficiently, and it gives you the option of inputting how much you make per hour—if you’re getting paid hourly. If you’re not, and you’re being paid a flat fee for a project, this program can help newbie freelancers gauge how much they’re really making per hour.
There are other great programs for tracking your time as well. I love Office Time. Having to tell a client how much you will charge on a given project can be nerve-wracking, and tests your faith in yourself and your own abilities.
There comes a time when you have to acknowledge you deserve to be paid for your skills, especially if you’re relying on them to pay the bills. Are you good at what you do? If the answer is yes, the time is now.
A great tool for freelancers: Office Time
Note: I did not receive any compensation for this, I just wanted to offer my honest opinion of this program.