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How Do I Change Hourly Rate on UpWork Contract?

Last updated on September 30, 2022 @ 10:42 pm

As a freelancer, one of the most important things you can do is keep your hourly rate up to date. Why?

Because your hourly rate is what clients use to determine if you’re a good fit for their project. If your rate is too low, they may think you’re not experienced enough. If it’s too high, they may think you’re out of their budget.

So how do you change your hourly rate on UpWork? It’s actually quite simple. Just follow these steps:

1. Login to your account and click on the ‘Settings’ tab. This will take you to your account settings page.

2. On the left-hand side of the page, select ‘Billing & Payments.’ This will take you to your billing and payments settings page.

3. Under the ‘Hourly Rate’ section, click on the ‘Edit’ button. This will bring up a pop-up window where you can enter your new hourly rate.

4. Enter your new hourly rate in the ‘New Hourly Rate’ field and click ‘Save.

That’s it! Your new hourly rate will now be applied to all future contracts.

Keep in mind that changing your hourly rate will not affect any contracts that have already been awarded. So if you’re looking to increase your rate for future projects, be sure to update your profile before applying for new jobs.

PRO TIP: If you are considering changing your hourly rate on an Upwork contract, please be aware that this may result in a loss of earnings. Upwork takes a percentage of your earnings, so if you increase your hourly rate, you will likely see a decrease in the amount of money you take home.
Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.