Lately I've been freelancing a lot which has been great. I love the flexibility and control I have over my own time. I'm so busy, however it's hard to just manage that time. But my biggest worry is negotiating the right rate. In order to figure out the right rate I asked several friends & colleagues for their insight. It's interesting to compare what they said: Susan pointed me to this article which offers a calculation of freelance rates based on what you would be making if you were getting a salary. According to this I should be making between $90-120/hour. Calculating Your Freelance Rates - Part 1 A friend spoke more about Stock options. Since I work with a lot of start-up companies this is relevant. They are always trying to figure out creative ways to pay employees which I find does NOT work especially if you have overhead. He says, "...They should be indifferent between paying you in cash versus stock- perhaps they are trying to "get a deal"