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Side Hustle School

Ep. 3006 - Q&A: “How do I set the right hourly rate for my side hustle?”

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.83.3K Ratings

🗓️ 25 March 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

In today’s episode, we help a social media manager set a fair hourly rate. Learn how to balance your skills and market demands to price your services confidently.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: [email protected]

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com

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Transcript

Click on a timestamp to play from that location

0:00.0

Calm the chaos of order fulfillment with the shipping software that delivers. Switch to ShipStation

0:05.1

today. Go to Shipstation.com and use Code Sidehustle to sign up for your free trial. That's Shipstation.com

0:12.2

Code Sidehustle.

0:16.2

Lemonada

0:16.8

Lemonada. How can you set the right hourly rate for your side hustle?

0:28.2

In this episode, we're going to help a social media manager set a fair hourly rate.

0:32.7

That is one that is fair, not just to her customers or clients, but fair to her.

0:38.6

I want you to be able to have a profitable side hustle or a small business, maybe even eventually work your way out of a job.

0:43.8

And pricing your services is just one of the toughest challenges for new freelancers and side

0:48.8

hustlers of all kinds. I hear it all the time. How do I decide what to price? And we look at that

0:52.9

question from various perspectives. But today I want to focus on a specific person, this social media manager,

0:59.2

helping her figure out the right hourly rate. This is going to connect really closely with the

1:03.2

weekend workshop series that we've been doing, which comes out once a week. I think we're on

1:07.7

day 13 or day 14 of that series now, one day a week for the whole year.

1:12.6

So let's consider some strategies for calculating your rate, staying competitive, and building a

1:16.8

pricing model that grows with your experience. Because as you get better and more experienced,

1:21.3

I think you should get paid more. All right, that's today's topic, the detailed question,

1:25.4

and discussion coming right up.

1:29.8

Saitasol School is sponsored by our longtime partnership station.

1:33.6

Let's talk about the chaos of life here for a moment.

1:36.0

You know, life can be chaotic.

1:37.6

But if you are in charge of order fulfillment for an e-commerce business, you know that it's

...

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