I just found this great calculator online that helps you determine what your optimum and minimum hourly rate should be. It's located at: http://freelanceswitch.com/rates/

I love freelance switch!! Such a great blog. Thanks Lily - I just did my calculations based on what we'll be paying for everything in the States and thought for sure it would depress me, but actually I was pleasantly surprised

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This is wonderful! Because like it or not, there are a lot of expenses to take in when making our rates!

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Winslow Girl Virtual Assistant
www.winslowgirlva.com
Taking Virtual Assistance to the Next Level

OMG. Thanks Lily! This calculator is great.

This is awesome!! Thank you!!!!

Brianna

Thanks Lily! This will be very helpful

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Deb Frawley
Gem's Virtual Office

This is definitely something I'm going to play around with! Thanks!

Wow, the calculator was really cool, and a little of an eye opener too. Apparently I need to either cut down on expenses or take less vacation days! Thank you for the link!

Shannon

Thank you for the link! This was really helpful!

I certainly will check it out. Thanks for sharing.

OMG! I love that calculator!!! Thanks So much it really helps with a budget too!

Wow! Thanks for sharing! I will check it out.

This is fascinating and very eye-opening. Thanks!

This is a great resource to use -thanks!

At 1st glance this looks a great tool. Thanks

This is great, i must do some sums first.

Thanks for the link.

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Vicky
www.c-vas.eu

Thanks for sharing such an interesting link - definitely an eye-opener and reminder of all the "other" costs to running our lives!

It always surprises me to find out that people don't know what their break even point is. How do you know you're making a profit or if you can afford that new bit of technology.

When I decided to hire an inhouse assistant, I did my sums to show my husband I could afford her. We are planning for her to go virtual at the end of the year but in doing the calculations I figured out KPI's for my team and financial goals for the business.

To step things up from just being a job for yourself to a viable business, work out your breakeven point and the correct rate for you.

(Kylie gingerly climbs down off the soap box....)

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Kylie Short
Tilda Virtual Services - Making virtual personal

Great little tool to play many scenario with.

Thanks for the link

Margret

Another great idea/suggestion. Just went to the Freelance hourly rate calculator. GREAT!!