What? You don’t have a minimum hourly rate yet? OK, don’t panic! This is easily fixable, as long as you realize the importance of setting such a rate as a freelancer.
Your minimum hourly rate is the rate under which you will never ever accept a job offer.
Depending on the project specifics, you can always change the rate during the negotiations to reflect the specific project scale or complexity of the tasks involved. But it’s important you set the bar correctly (if you want to make a good living as a freelancer, that is).
Here’s a quick formula you can use …