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Copy me with "File > Make a copy" above
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Section 1
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These questions are all in the context of your current work life as a FT employee. (If you're new to a field but freelancing, try to use average jr compensation data from your field or data from a FT job offer. The best way to determine the value of something is to see what someone is willing to pay)
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Hours in a work day?8Current Total hourly comp $ 33.67
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Days in a work week?5Freelance rate (Hourly) $ 42.08
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Freelance rate (Day) $ 336.67
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Office Holidays?10Freelance rate (Week) $ 1,683.33
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Vacation Days per year?14
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Sick Days per year?5Estimated Project Base quote $ 4,040.00
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Estimated Project pro bono quote $ -
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base salary $ 56,516.00 Estimated Project F&F quote $ 1,818.00
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bonuses a year in $ $ 5,600.00 Estimated Project Non-profit quote $ 3,232.00
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RSUs a year in $ $ 50.00 Estimated Project rushed quote $ 5,050.00
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any additional compensation you can count on $ 50.00
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Section 2
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These are adjustment values to course-correct for different situations
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Freelancing Multiplier (This helps account for higher taxes as a freelancer, healthcare, non-billable hours, etc)1.25
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Base rate multiplier (This multiplies your estimated days working in section 3 for your base quote)1.2
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pro bono multiplier (default is zero but you might want a slightly higher decimal if you always have project-related expenses the client should cover)0
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friends & family discount multiplier0.45
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"they deserve a discount" discount multiplier (eg. small non-profits lol)
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rushed project multiplier1.25
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Section 3
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This is an estimation for how long a freelance project could take. in this case, designing a new logo. This is just adding up days and rounding to the nearest whole number. Feel free to switch up the example project when you copy this. (Everything is estimated in days)
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initial meeting to understand project scope and brand1
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researching/mood boarding/brainstorming3
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sketching possible directions & prepping for mid-point presentation
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presenting possible directions, gathering feedback, discussing new ideas
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sketching and revising2
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digitizing, refining, packaging3
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total time estimate in weeks (rounded)2
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