If you’re in the business of selling your time and expertise then you generally look at revenue opportunities through the lens of your Hourly/Daily Rate.
That makes perfect sense…if you’re busy.
But if you’re not…it’s pretty irrelevant.
Trust me. I know.
I’m currently narrating an audiobook, for which I’m getting paid $100 per Finished Hour Of Audio.
Sounds like good money, right? $100 per hour.
What if I told you it takes me 5 hrs to create 1 hour of Finished Audio?
Now, my effective hourly rate is just $25 per hour.
I was getting more than that working as a casual bellman in a hotel 30 years ago.
So if I was busy doing other stuff, this hourly rate isn’t a good time/money trade off.
However, if I was just going to be sitting on the couch anyway, this hourly rate is a great deal.
#timeismoney #hourlyrate #valueyourself