How to set your freelance rate is one of the most hotly-debated questions in the freelance world. Should you charge hourly or a flat rate? And what should you charge in the first place?
Figuring this question out is one of the hardest parts of being a freelancer, especially when you’re first starting out. How can you strike the perfect balance between finding the rate that reflects your expertise, pays you what your worth, and makes you appealing to clients?
In 2015, Payoneer set out to discover what freelancer income looked like across fields, regions, experience level and more. For the first time, freelancers were able to see what others were really earning, with statistical insights on all the determining factors.
The global freelance market is evolving, fast. The past two years have seen significant changes for freelancers, with the number of freelancers worldwide rising all the time.
This past summer we rebooted the survey, to bring updated industry insights as the global market evolves.
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The survey had a massive response rate, with 21,313 participants from around the globe. Over one-third of respondents, the biggest group, are located in Europe.
The survey consisted of a variety of questions about the freelancers’ background and work. We asked freelancers about their:
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These are just a handful of the many insights we gathered from the survey responses.