How much should you charge as a freelancer?
Wondering how much to charge as an independent consultant, expert freelancer, or contractor?
There are multiple pricing strategies, each suited to different projects and goals. Explore common pricing models and use our rate calculator, backed by real-market data from thousands of projects on the Outsized platform, to find indicative market rates for your expertise!
Charge by the hour,
day or month
Time-based pricing, such as charging an hourly rate, daily rate, or on a monthly retainer, is the most common freelance pricing model, certainly in our markets. This method offers flexibility, making it ideal for projects or contracts with evolving requirements or unclear scopes.
It’s important to recognise that earning potential is tied to the number of billable hours, which limits overall income as it’s not scalable.
Charge a fixed price for your deliverables
Fixed-price contracts provide clear upfront pricing, building trust and helping freelancers secure assignments. This model works best for well-defined projects with stable scopes.
Fixed-rate pricing allows experienced freelancers to increase income by completing projects efficiently, focussing on deliverables rather than tracking time. However, it requires careful scope and expectation management to prevent scope creep.
Charge a price linked to the outcomes you achieve
Outcome-based pricing, also known as performance-based pricing, ties your compensation to the results you deliver, making it ideal for freelancers working on measurable outcomes like revenue growth or cost savings.
Aligning fees with project success positions you as a partner in achieving client goals and can boost income potential. However, it requires a deep understanding of the client’s business and clear success benchmarks, making it challenging to implement and still relatively rare.
Rate calculator for independent consultants and freelance professionals
Use our rate calculator to get market rates for independent consultants and freelance professionals across our key regions. This tool helps you determine a range for fair and competitive pricing* based on your skills, experience, and location, making it easier to set your freelance rates.
Simply input the required information, and our calculator will provide you with an average range of the market rates for your area of expertise, allowing you to benchmark your prices.
How it works:
- Select your skill – Choose the skill or service you provide.
- Years of experience – Enter how many years of experience you have in your industry.
- Location – Select your market region.
- Click Calculate to see the recommended rate range based on real data from thousands of projects in your skills area.
Please note that actual rates will vary based on factors like project complexity, client budget, and market demand, so please see this rate calculator as indicative only.
Outsized’s team is always happy to provide feedback and guidance for specific projects you apply for!
*Please note that we only publish rates for geographies across Asia-Pacific, South Africa, and the Middle East where we have a strong presence and as a result have reliable market data.
Rate Calculator
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Apply and become part of an independent platform like no other
If you are an ex-consultant with an MBB, boutique or Big4 background, or an industry practitioner with deep execution expertise, you are at the right place! At Outsized, we provide diverse and rewarding projects and contract roles with leading management consulting firms and blue chip enterprises, matching you to opportunities that align with your expertise and passions. Our process to apply is simple: