Setting fees

A frequent problem for freelance technical authors is to decide how much to charge. Some popular methods of deciding how much to charge are as follows:

Christopher Juillet discusses how to set fees in The Meter is Running... But What's the Rate? (http://juilletlaw.com/docs/The%20Meter%20is%20Running.pdf) Christopher's article contains the best formula for calculating fees that I know. The top-level view is:

daily billing rate=daily labour rate+daily overhead rate+daily profit

The article explains in detail how to calculate each of the values. Christopher asked me to mention that the numbers in his article are old. Therefore, use your numbers. (Contact Christopher on chris@juilletlaw.com or www.juilletlaw.com. The old csi.com e-mail address is not correct.)

Whether you charge by the day or whether you charge a fee for a job, calculating your rate has the following benefits:

Download an Excel spreadsheet (blank-consulting-rate-calculator.xls) that uses Christopher's formula.

See also

Cost of employment

Why are most translators underpaid? (www.translationdirectory.com/article480.htm)

'Freelance trainer rates' in Training Purchasers' Bulletin (www.trainerbase.co.uk/documents/TPB2.pdf)

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