How much a freelancer earn

Tell someone you are a freelancer, first question you will have to answer is how much do you make? As an individual experienced freelancer, you can make up to $15000(INR 10 lakhs) monthly. If you are a firm, you can then make much more and pretty much everything you can imagine. A freelancer's income always depends on several major factors including skills, time, country, working hours, client's reputation. In this post how does a freelancer actually make money? To understand in a better way, think how much a house costs? There is no correct answer. Its cost varies depending on locality, size, floors, finishing, parking, and several other factors. In the same way income of a freelancer depends majorly on the below factors:

Skills and Niche

Though freelancing pays you handsomely in all skills some skills pay you more money in less time. Experienced web developers earn more than experienced data entry clerks. A major part of freelancers depends on his hourly rate, it is relatively higher for programmers than any other community. But another fact is a good writer or designer earns more than an average developer. So it depends on how good you are in your niche rather than which niche you freelance in.

Marketing skills

Despite being an expert in his skills, a freelancer might not be able to earn much if he is not good at marketing. The number of projects a freelancer gets depends on how good he is in marketing his skills and attracting his clients.

Experience

Initial days of freelancing do not pay much. These days a freelancer learns several things like making proposals, crafting profiles, getting quality feedback, and learning about the nature of his freelancing work. The projects you get in freelancing are identical and somewhat different from the full-time job in the same niche. Usually, the actual income starts peaking after spending 6-12 months freelancing.

Working time and preferences

Some freelancers work 12 hours a day for a week and then go on vacation for the entire month. It totally depends on how much time a freelancer puts in freelancing. More than 50% of freelancers freelance for 10-15 hours weekly along with their full-time jobs. The total income at the end of the month is directly proportional to the time invested in freelancing. 

Country

Your freelancing income would also differ depending on the country you live in. The reason is your earnings will be in international currency (most probably) and the value of your international earnings will differ depending on currency conversion rates. Also, the tax might go higher or lower in different countries.

Last Modified: Dec 15, 2020