When I contract, I try to base my rates around $125/hr, but I'll give a dose of reality to the fantasy that HN always promotes: it's not easy to get people to pay that. I've been more successful getting clients in the $75-80/hr range and found that to be about the top of the tolerable range for most people, and even that is often a stretch.
It really comes down to what type of client you're pitching. Anything mid-medium-sized or less in terms of revenue is going to snicker at decent rates. I've had a couple of bigger clients that were surprised they weren't paying me more than $125/hr, but I stopped freelancing full-time shortly after getting them (one of them successfully courted me over to W2; I probably shouldn't have taken it). I always found it hard to break into the bigger clients that were willing to pay good rates; they usually already have vendors and everyone wants their associate to get a piece of the pie.
I don't do a lot of RoR work but it does come up occasionally. My day job is salary but it works out to about $60 per hour (w2). However, when I do occasional freelance work, I charge $125 per hour - but its 1099 income where I pay all of the taxes, not w2. (Both are remote.)
jus wondering: anyone followed http://doubleyourfreelancing.com/ rules and succeeded?
The real kicker is the former company billed me out at $150+ when I had even less experience!
One thing to keep in mind is one of the reasons for doing that is the environment you are in and a certain guarantee about the work provided.
I haven't used this resource; but there are online communities like http://forum.thefreelancersguild.com/ by the creator of DYFR.
Regarding freelance: Where do you advertise your work and do you follow a specific standard when working with clients, or is it mainly your own DIY standard?
My standard was DIY - I had a short 1-page contract, and I'd ask for 40% up-front for new clients.
I could see a matrix like this being a great addon to remote job sites. Those of you who have created a work-remote job site and are competing to weworkremotely, etc... I would think that this would bring you a lot more traffic.
I have a lot of experience with ruby/rails(have maintained good gems and all that jazz) but I work for a major media company, currently in high scale apps, here in my country and I make about ~$30h/hour.
Does anybody that is in around ~$50/100 hourly rate want to get me aboard freelancing? I would gadly share some of my rate.
I do occasional side jobs, mostly through elance. They take about 8-10% of your income in fees, but they do a couple of things to make up for it:
* They have a good pool of work ready for you to bid on.
* They automatically charge your client's credit card each week if you've recorded hours. (And you can set up https://github.com/nfriedly/elance-withdrawal to automatically transfer it from elance to your bank.)
* You can differentiate yourself even without much experience by taking their skill tests.
Start your rates around $75 an hour and raise it up to $100 after you have 2-3 good jobs under your belt.
Don't get distracted by the folks charging ridiculously low rates - they are not competing with you, they're competing with each other for the clients who either don't need quality work or don't understand that you get what you pay for.
Oh, and put about 50% of your income into savings. Depending on your country, you might end up owing a good portion of that in taxes, and regardless, whatever's left makes for a nice emergency/rainy day/ vacation/retirement fund.
Feel free to email me if you want to go down that route and have more questions. (Or just post them here ;)
It's extremely tough, but it's a means to an end. Luckily, since I'm remote, I get to see my kids any moment of the day and a difficult code issue is generally mitigated by taking a five minute break to play with my kids.
1099 means a contractor, which means you are responsible for those.
There are many other differences, but usually when talking about wage the 7.5% is the big one.
Full-time remote, salaried at $85k. (Roughly $40 USD per hour). Company pays market rate wherever employees are. I am located in NYC (so I'm probably a bit under market rate).
Any recruiter that wants me to work on site gets an automatic no. (I might consider an exception if they had an office within bicycling distance of my house, but that's fairly unlikely.)
Architects, lead devs, PMs earns around 15/hour at best paying companies. If you're a contractor, it could top up around 20 after taxation.
A young person with an average degree (economics for eg.) in an average position is not earning more than 5/hour here...