A freelancer who prices a new service without checking break-even is guessing whether the work pays for itself. Break-even isn’t complicated math. Skip it and you won’t know if three clients a month covers your costs or leaves you short. Here’s how to calculate it properly, with a real worked example. What Break-Even Point Actually…
Both describe profit. The difference is what that profit gets measured against. Markup measures profit against your cost, what you paid to deliver the work. Margin measures profit against your price, what the client actually paid you. According to Corporate Finance Institute, a lot of people use the terms markup and gross margin interchangeably. They…
If you’re guessing at your freelance hourly rate, you’re probably charging too little. Most freelancers set a number by copying a friend’s rate or picking something that sounds fair, then wonder months later why the income never quite adds up. The fix isn’t a gut check. It’s a formula that accounts for taxes, expenses and…