|photo credit: woodleywonderworks|
Following type of costs are associated with it :
- Opportunity cost : how much will a move to freelance world cost you. If you are leaving your full time job for it, then your salary and benefits that are the opportunity cost.
- Startup costs : Cost of registering your domain name and hosting your own website. Business cards, a dedicated desk, stationery supplies.
- Software costs : If you don’t have required software’s like Espresso, Coda, Aptana, or Adobe Dreamweaver. You might have to buy them.
- Staff expenses.
Now how to charge : Don’t do unpaid work for the chance to be paid. It will be better that you should charge at least twice as much as you would earn in a normal job to complete the same task
Here is an easy to go hourly rate calculator.It gives you a guide based on your costs, number of billable hours and desired profit. It will help you figure out how much you should be charging per hour. http://freelanceswitch.com/rates/
Note: Web design – is not a great business which means you will not be making tons of money through it.