Just some perspective on these hourly rates. Let's assume you're one person with your own computer repair business, and work 2,000 hours per year (assuming a 2-week vacation). So you have 2,000 hours to earn your target salary. Let's say that target salary is 65,000/year. You'd think it would be as simple as 65,000/2,000=32.50/hour, but it's not. First, self-employment tax scrapes 30% off the top. And how many of those 2,000 hours are billable? For most freelancers, once you take into account billing, driving, marketing, etc., you end up with 1,000/year billable, bringing the hourly rate to $65. Then factor in health insurance, retirement, disability, etc. That would bring the hourly up to $85-100 or more.
I used to complain about those rates too, until I freelanced for five years. Puts things into perspective.
I used to complain about those rates too, until I freelanced for five years. Puts things into perspective.