If you’re a freelancer, you know that the cost of living can be pretty high. And if you’re looking to make some extra money, you might be wondering how much it costs to freelance on UpWork.
The short answer is: it depends.
There are a lot of factors that go into how much you’ll make as a freelancer. Your experience, your skills, the market you’re in, and the clients you work with will all play a role in how much money you can make.
That being said, there are some general guidelines you can follow to get an idea of how much it costs to freelance on UpWork.
First, let’s look at the fees UpWork charges.
UpWork takes a 20% cut of your earnings for the first $500 you bill with a client. After that, they take a 10% cut. So, if you bill a client $1000, UpWork will take $200 as their fee.
In addition to the fees they charge, UpWork also has what’s called a “service fee.” This is an additional 2.75% fee that’s charged on top of your earnings. So, if you bill a client $1000, UpWork will take an additional $27.50 as their service fee.
Now that we’ve looked at the fees UpWork charges, let’s look at how much you can expect to make as a freelancer.
As I mentioned before, your experience and skills will play a big role in how much you can make. But in general, most freelancers on UpWork charge between $20 and $40 per hour.
So, if we use the low end of that range (charging $20 per hour), and we assume that you’ll work 40 hours per week, that means you’ll make $800 per week before taxes and fees. After taxes and fees, you’ll take home around $700 per week – or $3,600 per month.
Of course, this is just a rough estimate. And if you’re an experienced freelancer with in-demand skills, you could easily make double or triple this amount. But this should give you a general idea of how much it costs to freelance on UpWork.
