00:00As a freelancer, as an instructor or trainer, how shall we define our hour?
00:29Now, this is a very important debate because if you don't know the value of your work,
00:37then how will you work?
00:39But it is very important to know that do you know your worth?
00:47Do you know the value proposition?
00:50Do you understand the value of the work that you are completing?
00:56If you know your price, your worth, then sky is the limit.
01:02But if you don't know your worth, you don't know the value of your work,
01:08then you may settle for a lot less or you may settle for far beyond the expected rate
01:16which would mean you will not get the business of an employer.
01:20There can be two things when you talk about budget.
01:25Look, one thing is that I will tell you to charge $8 per hour.
01:31This is the Asian rate.
01:33You should also start this work.
01:36Because if Hisham has said it, then he must have said it right.
01:39That is one way to look into it.
01:41The second thing is that you should identify yourself.
01:45Identify your worth.
01:47Look at how much effort it takes to finish a work successfully.
01:55What are your expenses?
01:57Expenses of internet, fan, AC, heater.
02:00All these expenses.
02:02Electricity is the most important.
02:04You factor all these things and then calculate your cost.
02:07If you talk about writers,
02:10because I definitely keep a discussion point of view in every video
02:14by giving a general example.
02:16Let's keep it here too.
02:17You are a content writer.
02:19What does content writing mean?
02:21A content writer who is a content mills, a general content writer
02:26takes a piece of 250 characters for $20.
02:33Very less, right?
02:35But that's what the typical market rate is.
02:38Now, if a content mills writer takes $20 for 250 characters,
02:45then see on the other side,
02:48Forbes, Times, Wire.com,
02:52their content writer,
02:55a big piece of 1000 characters,
03:00also takes $2000.
03:03So here the rates vary.
03:06Here the difference in rates is so big, ladies and gentlemen,
03:10that who knows what is right and what is wrong.
03:12I have an answer, if you want to listen.
03:15Content mills, meaning a normal blogger,
03:18he is not writing for a brand.
03:21This means that the writer will also be ordinary.
03:24But for these big brands,
03:26and I have just given an example,
03:28because obviously these are very big brands,
03:30there are countless websites, blogs and magazines
03:33that float from the West and even within Pakistan,
03:39online as well as for print media publication.
03:43Those are brands.
03:45Those content writers will also select those
03:48who are top-notch, who are experts in their work,
03:51who will not let you know that English is not their primary language.
03:57This is a very big factor that when you hire a content writer,
04:01you will have to assess whether English is their primary language or not.
04:08If it is not their primary language,
04:11then the reader is very smart.
04:14He immediately finds out that English is not their primary language.
04:19This is a secondary language, so the content is also okay.
04:22Therefore, all the big brands pay a big price to the content writers.
04:29Similarly, when you try to figure out your price
04:34for the freelance marketplace or you as a freelancer,
04:38then do take care of two things.
04:41A. Your worth and 2. The value you are adding to the employers.
04:47This is very important.
04:49You must see what are the expenses of doing a particular job.
04:55When you know the expenses, the price will automatically come out.
05:00Obviously, you will keep the price on the expense.
05:03If the expense and price match,
05:05then what is the profit gain here?
05:07What are you getting out of the work?
05:09So definitely expense has to fall below the profit here.
05:14This is how the whole business works.
05:17Freelancing is no exception.
05:19Electricity bill,
05:22internet bill,
05:24your unforeseen circumstances and cost.
05:29If you keep these three things aside and keep your price above,
05:35that is your per hour cost.
05:37I will tell you the easy way in a while.
05:39For example, you are a content writer
05:42and it takes you 45 minutes to write 250 characters.
05:47And it takes an hour and 30 minutes to write 500 characters.
05:53This means that if you charge 40 rupees for an hour and 30 minutes,
06:00then you divide it per minute.
06:03This would give you a cost per hour as well.
06:07When you multiply it by 60,
06:09then your per hour cost will also come out.
06:12So in determining the rate,
06:14please factor in your worth and value you are adding to the employer.
06:23You will get your rate.
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