What raising your rate is worth

How this is calculated

Annual gain is the difference in yearly revenue if you kept the same hours:(new − current) × hours. The more useful number is the break-even: at the higher rate, you only need current ÷ new of your old hours to earn the same money. The gap between that and your current hours is how much work you could lose before the raise costs you anything.

In practice most people lose far less than that cushion, because good clients don't leave over a fair, well- timed increase. When and how to make the move is covered inhow to raise your rates, and the pushback you'll hear is handled inhandling price objections.