How much money can you make as a freelancer?

In the freelance world, there are two ways of getting paid – by the hour, or with a fixed fee for each project.

Unfortunately, when roles are remote, your competitors for the best jobs are often from around the world. And, if they live in a developing economy where it costs a lot less to live, it can be impossible to compete with their prices and still get the minimum wage.

To stand out from the crowd and earn the rate you deserve, you need to create a gripping application or pitch. If you possess rare or advanced skills, highlight them to potential clients and you may be able to command a higher rate as a result.

But, just make sure you have realistic expectations of the money you could earn (sadly, not many clients are willing to pay £500/hour).

WARNING: In return for helping you find work, freelance companies take a cut of your earnings. Make sure you're aware of the commission you'll be paying, and add these charges on top of whatever you're quoting a client.

It's best to avoid working with clients who want to pay you outside of freelancing sites (unless you know them personally). It makes it easier for them to dash off into the sunset without settling the bill, and you could be banned from applying for new jobs by the freelancing site for trying to dodge their fees.