Quick Answer: How Much Should I Charge For Freelance Social Media?

How do you calculate freelance rate?

A common approach to figuring out an hourly rate is to divide the salary you want by the number of hours worked each year:40 hours/week × 52 weeks/year = 2,080 hours.$100,000 desired salary ÷ 2,080 hours = roughly $50 per hour.May 24, 2018.

How much should I charge for social media?

Many newbie social media managers charge approximately $25 – $35 an hour to start, typically between 10 or 20 hours per month per client. This means that each client is worth $250 – $700 per month.

What does a social media manager get paid?

An Experienced Social Media Manager earns an average salary of $63,294 per year, with the top earners reaching $97K. PayScale’s US data also shows there is a steady increase in salary based on the number of years experience: Entry-level (0-5 yrs) $42,000. Mid-career (5-10 yrs) $58,000.

How do you price a logo design?

How much does logo design cost? The cost of a logo design is anywhere from $0 to tens of thousands of dollars, but if you’re a small business or startup looking for quality design, a good logo design should cost between $300-$1300.

Is hiring a social media manager worth it?

Hiring a social media manager can provide long-term success for your growing small business. Having a professional in this area will do more than just guarantee an active social media presence; it will improve customer service, perfect branding, increase sales and much more.

How much should I charge as a freelancer?

For instance, if you want to earn $60,000 dollars a year, that means you should earn $5,000 each month. If you intend to work for 40 billable hours each week, then you need to charge $125 per hour. In this case, if a client gives you a project that takes you ten hours, you would then charge them $1,250 for the project.

What should be included in a social media package?

10 examples of social media packagesThe complete social media package. … Advertising. … Platform-specific social media management. … Scheduling content and maintaining a presence. … Community management. … Visual content creation. … Onsite content creation. … Influencer outreach.More items…•Aug 8, 2019

What is freelancer hourly rate?

What Is An Hourly Project? On an hourly project, a freelancer is paid for the number of hours that they have worked, rather than being paid a fixed price for a specific deliverable. This payment occurs on a weekly basis.

What is hourly rate?

What is an hourly rate? Your hourly rate is the amount of money that you receive for each hour you spend working. As an hourly employee, you should get paid for all of the hours that you work. If an employer wants more of your time, they’ll have to pay you more.

How do I increase my freelance rate?

How to Raise Your Freelance RatesGive Them Plenty of Time. The single most important thing you can do to help successfully raise your freelance rates is to give your clients plenty of advance notice. … Same Time Next Year. … Don’t Increase New Client Rates Too Soon. … Limit the Increase Percentage. … Hidden Costs. … Show Your Worth.Feb 1, 2020

How many hours a week does a social media manager work?

Social media managers have similar working hours to others in the advertising and marketing world (i.e. between 35 and 40 hours per week). However, when deadlines are approaching or if you need to attend meetings, you may need to work outside normal working hours.

How much do freelancers charge for social media?

If you opt to go hourly, newer social media freelancer rates can hover around $15-$50 per hour. For more intermediate social media marketers, they can make $50-100 per hour. And an experienced social media manager can make $120+ or much higher.

How much should I charge for a post on Instagram?

When deciding how much to charge for a sponsored Instagram post, ALWAYS start with this simple formula: Charge $10 for every THOUSAND followers you have. In other words, charge 1% per thousand followers.

How much should I charge as a contractor?

Average General Contractor Rates General contractors charge at about 10 to 20 percent of the total construction project cost. For even larger projects, you might pay closer to the 25 percent mark for professional construction services.

How do I determine my hourly rate?

To determine your hourly wage, divide your annual salary by 2,080. If you make $75,000 a year, your hourly wage is $75,000/2080, or $36.06. If you work 37.5 hours a week, divide your annual salary by 1,950 (37.5 x 52).

Is $20 hr a good salary?

$20 an hour is $41,600 annually if you can get full time hours. If your benefits come with insurance and a retirement account, and if your cost of living means you can find somewhere to live for under $900 a month, it should be fine for someone who wants to pay the bills, save a little, and live simply but comfortably.

Is it worth it to hire a social media manager?

It’s great to have an existing employee who perhaps works on other tasks within the company, contributing to social media efforts. However, you’re far better off hiring a social media manager to help manage, maintain, and execute social media campaigns and provide a better return on your spend and investment.

How much money does 10k Instagram followers make?

Accounts with between 10,000 and 100,000 followers can make around $200 per post on average. Top-tier influencers. Accounts with between 100,000 and one million followers can expect to make about $670 per post.

How many followers do you need to make money on Instagram?

While the number of followers you have can be anywhere from 1,000 to 1 million to make money from Instagram, one thing that is constant is high engagement rates. There’s no point in posting content on Instagram if your followers aren’t seeing or interacting with it.

How much does it cost to hire a social media manager?

Basic social media management starts around $150 per month Hiring a social media manager to create, post and track these valuable incentives starts at approximately $150 per month. Depending on the services offered by your social media manager, this price may also include some Facebook advertising.

How much does Instagram pay you for 1 million followers?

According to USA Today, an influencer with 10,000 to 50,000 active fans can make a few thousand per post. Instagram influencers with up to 1 million followers can see $10,000 per post. Have over 1 million followers? You could charge $100,000 or more.