Setting your rates is always a challenge for freelancers.
On my Sell Your Writing Online NOW (SYWON) page I say "Go From Zero To Making $250 Per Hour For Web Writing". This is startling for those writers, both new and established, who are struggling to make a living from their words.
Tip: $250 an hour is no big deal.
It takes me around 20 minutes to write 500 words, and since $250 for a Web page of 400 words is on the lower end of the pay scale, $250 an hour is nothing to crow about.
So assuming you're making just $30 an hour for your words, how do you raise your rates?
The answer is: you provide value. People will pay you huge amounts of money when they're getting a return on their investment.
How to set your rates as a beginner
When you're a beginner, you need credits and testimonials. Get them in any way you can. Charge minimal rates. Then as you get credits, increase your rates.
Here's the thing: THE MARKET WILL TELL YOU WHAT TO CHARGE.
Let's say you're getting projects which shake out at $30 per hour.
Increase your rates when you have all the jobs you can handle. Then increase them again. Let the market decide what you're worth.
Sooner or later you will KNOW. You will tell people your rates with confidence, and you'll get your rates because you know what you're worth, and what you're willing to work for.
Just as Linda Linda Evangelista said - "I won't get out of bed for less than $10,000 ...", you'll be able to say - "I won't fire up my word processor for less than ________" :-)
Develop a great income writing for the Web - start by writing simple articles
I've developed "Sell Your Writing Online Now" (SYWON) to help you to start making money writing online in 24 hours or less.
Each week, for one full year, you'll receive a lesson, with an assignment which will build your Web writing income – you EARN as you learn.
SYWON is totally unique, and if you want to write for the Web, it's your ticket to success.