Am I being paid enough?
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Thanks everyone these are good points, and I'm glad you enjoy the work!
I guess what I'm asking for is what YOU would want to be paid in this situation, which is why I've added the details about enjoying the work and the time it takes. I think I've heard Will Terry talk about price factor being different in work he enjoys vs. work he doesn't, he charge more if he really wasn't too interested.
Maybe the question itself is too nuanced to give any one person to give a definitive answer on what they would charge based on the work.
Thank you!
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Well, if it is a year of work and you (theoretically) want to make this a full time job, you would need this to be a year of expenses. That is probably not practical at this point, because an annual salary can be anywhere from 25k on up. That's not to say that you should not want to earn a full time salary, but I get the feeling that you're not quite ready to make this transition.
What I've learned as I've been focusing on freelancing as a side career (I'm a full time high school teacher) is that there should be a minimum of money that I will not go below. For example, in my children's books, my bare minimum fee is $3500. It doesn't matter if I enjoy the work (which I do), that fee is the lowest I will go, unless I happen to be doing pro-bono work. That figure is based on the fact that that's about what I make per month in my day job and based on the type of service I provide (32-36 pages of work, outside of my full time job, takes a lot of my time and I should be fairly compensated for my time and skill).
I know you said you don't want to list the figure, but the fact that you're questioning whether or not this is enough might be a clue that somewhere inside you you think you're not being compensated enough. Again, this is a lot of work over a year. I'm curious what caused the question to be raised in your mind in the first place?
Website: laurenpetiti.myportfolio.com
Instagram: @laurenpetiti"So the man who really loves God could...paint his pictures, even if no man ever saw them. He knows God looks upon them." - Francis Shaffer.
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@lpetiti I would like to eventually move to full time freelance. I work in design for a large company in-house right now and make a decent salary for my area. My wife had to leave her job during the pandemic and has become full time childcare for our two-year-old but would like to return to the workforce when our daughter begins schooling in a few years, that's when I would like to make freelancing full time.
It's not that I don't currently think I'm being compensated well, its more that the contract will be up in the next few months and I'd like to get ahead of things and make sure I'm not leaving any money on the table. I'm not great at figuring this stuff out. I had previously really undercut myself to the point that the owner I'm freelancing for came back and asked me to charge more as he felt he was robbing me.
The sum of the work is $6200 for the year at I would guess 3.5 hours of work per week. Again, currently I am happy with the work and the pay, but as the company grows I'd like more of the pie, especially if my work is contributing to the success. However, I don't want to overvalue myself either and potentially harm a relatively easy working relationship.
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@jakecrowe said in Am I being paid enough?:
@lpetiti I would like to eventually move to full time freelance. I work in design for a large company in-house right now and make a decent salary for my area. My wife had to leave her job during the pandemic and has become full time childcare for our two-year-old but would like to return to the workforce when our daughter begins schooling in a few years, that's when I would like to make freelancing full time.
It's not that I don't currently think I'm being compensated well, its more that the contract will be up in the next few months and I'd like to get ahead of things and make sure I'm not leaving any money on the table. I'm not great at figuring this stuff out. I had previously really undercut myself to the point that the owner I'm freelancing for came back and asked me to charge more as he felt he was robbing me.
The sum of the work is $6200 for the year at I would guess 3.5 hours of work per week. Again, currently I am happy with the work and the pay, but as the company grows I'd like more of the pie, especially if my work is contributing to the success. However, I don't want to overvalue myself either and potentially harm a relatively easy working relationship.
Ok, now that we see a sum…$6200 for the year is WAY underpaid. You are doing a massive amount of work and since you hope to do this full time someday, you really need to charge a lot more. With full time, think of this, would $6200 help you support your family 6 months, never mind a year? Not at all. You’re not overvaluing yourself by wanting a reasonable wage. If they don’t want to give you a livable wage (I’m not saying that’s the case but just playing what if) then you need to discuss that with them.
Website: laurenpetiti.myportfolio.com
Instagram: @laurenpetiti"So the man who really loves God could...paint his pictures, even if no man ever saw them. He knows God looks upon them." - Francis Shaffer.
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@lpetiti cool thanks for the response! so I'm see it as $6200 for 3.5 hours of work a week, comes to about 119.25 per image, or roughly $34 an hour. (Unless I'm mathing poorly, certainly something I am not great at) If they wanted me as a fulltime employee I would certainly talk about a wage that would meet what I''m making now (as well as benefits or added compensation in place of). In my place, would you double, or ask for more even?
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@jakecrowe if you’re breaking it down per image, then it in theory sounds fair. The math for whatever reason doesn’t seem to add up for me. For tax purposes, I’d recommend not doing a lump sum because i think it’ll be harder for taxes (at least that’s what I’m hearing and understanding about taxes).
Personally, I’d negotiate to get paid each time you complete an assignment.
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@jakecrowe Freelance rates are higher than regular employees rates (to compensate for your materials, taxes, benefits, time off, time chatting back and forth with clients and down time between projects, etc). In general freelance rate is double a regular rate, + experience and added value. A starting rate at a studio might be $25 per hour straight out of school with no experience. Double that for freelance, $50 straight out of school with no experience. You've been with them a while, helped shape their brand image and grow their podcast through your work. It's time to argue for a salary raise. I'd go for at least $60 per hour considering your experience and value added to their company. So you'd be looking at $11,340 AT LEAST for the 54 illustrations project.
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Maybe you want to check out how other people are being paid for same-size editorial illustrations? Looks like it is between $100 and $800 per piece
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@idid Great resource! And @jakecrowe $60 per hour for 3.5 hours is only $210 per illustration. So in case you were thinking it's too expensive, it's really not! It's far from that $800 upper range quoted in the article.
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@idid wow this is an excellent resource thank you. I’ve been scouring for something like this.
