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How Much Do Freelance Social Media Managers Make in 2024? by Colleen Christison  
Sunday, April 14, 2024, 11:37 AM
Posted by Administrator
Want to start your career as a freelance social media manager? We’ll teach you how to build skills, set rates, and land clients.


Table of Contents
What is a freelance social media manager?
How much do freelance social media managers charge in 2024?
9 skills that a top social freelancer should have
How to become a freelance social media manager in 2024
5 tips to succeed in freelance social media management

They say money makes the (social media) world go round. So whether you’re a freelance social media manager or looking to hire a social freelancer, you need to know how much the going rates are.

This article will tell you everything you need to know about

freelance social media rates,
how to get a freelance social media management biz off the ground and
the skills a freelance social media manager should have.

What is a freelance social media manager?

A freelance social media manager provides social media management services to businesses, organizations, or individuals on a contract basis. These social media experts are hired by clients who want to outsource their social strategy and execution.

Generally, freelance social media managers work with multiple companies and clients simultaneously.

Social media management freelance services commonly offered include:

Social media strategy
Creating and managing content calendars
Content creation (photography, design)
Content writing
Scheduling and publishing posts
Community management (engaging with followers, answering DMs and comments)
Analytics and reporting


How much do freelance social media managers charge in 2024?

Pricing your freelancing social media work can be tricky. You can’t simply do a 1-for-1 salary rate for what the average social media manager makes.

(That’s a salary of $67,585, with a $6,470 bonus, by the way. Thank you, 2023 Social Media Career Report, for the insight.) However, knowing this is a good way to get an idea of what your minimum rates could be.

If you want to make the same as the average social media manager ($35.60 an hour), you should be charging $35.60 plus your operating rates.

A more profitable way to calculate social media manager freelance rates is to consider all variables involved. You can base your social media management rate on your experience, value, business expenses, and your client’s budget and scope of work required.

Doing this takes more thought than aiming for the average, but it’s worth it in the long run.

Psstt: If you’re already making money as a social media freelancer, you can use this social media salary calculator to see how your total compensation compares to the industry average.

How to build a project-based rates sheet as a freelance social media manager in 5 steps
Step 1: Define your target salary and expenses

Take a look at sites like Payscale to get an idea of what others with similar experience make and use this as your target salary.

Then, cost out your operating expenses and the time it takes you, on average, to complete the services you will offer. Break down how long it takes to complete each part of the service, including any subtasks. Don’t forget about client communication time!
Step 2: Calculate your ideal hourly rate

Next, add your target annual salary and your operating expenses. Divide that number by 50* to see what you should aim to earn per week. Then, divide that number by 40, your weekly hours. Now, you have an hourly rate to use.

*We know there are 52 weeks in a year, but c’mon, freelancers deserve vacation time too!
Step 3: Consider project rates

But hold on, you won’t want to come to clients with an hourly rate. You’re going to want your default pricing model to be project rates. This is because project rates remain the same no matter how fast you work.

The faster you get, and the better you use social media tools to save you time, the more profitable a project becomes. With hourly rates, you actually make less as you become more efficient.
Step 4: Build out your rates sheet

Once you have all of your ducks in a row, you can multiply your hourly rate by the estimated time to completion for your services.

Boom! You now have a project-based rates sheet for everything you are going to offer.
Step 5: Schedule a discovery call

Sometimes, clients come to you thinking they need one simple thing, like content creation. But they’re missing the building blocks to make that one service possible, like an Instagram strategy. To avoid throwing out a quote that you have to later rectify, it helps to know exactly what they need.

Discovery calls allow you to ask questions about the client’s business model, target customers, marketing budgets, KPIs, and any history of working with freelance social media managers to uncover potential red flags. It also helps the client get to know you and confirm you’re a good fit for the job.
9 skills that a top social freelancer should have

If you want to follow the freelance path, you’ll need to cultivate entrepreneurial skills on top of your social media management expertise.

You may be great at getting results for your clients, but you’ll struggle if your business processes aren’t solid.

Here are nine skills you should hone if you want to become a successful social media manager.
Content writing

A good caption goes a long way in developing an engaged community, helping your posts get seen, and developing your brand voice.

Freelance social media managers should be good at copywriting and editing, as the most effective social media posts are short, snappy, and witty.

Content creation

A freelance social media manager wears many hats, and content creation is no exception. You’ll likely be expected to create graphics, TikTok videos, or photography.

Whether you’re recording videos for TikTok or taking photos for Instagram, you need to know how to create eye-catching visual content. Each social media platform has its own image and video specs, so make sure you’re creating content that fits.

Community management

There are a lot of people interacting with a brand’s social media pages. From DMs, comments, and reviews, a social media manager may be expected to reply to each message.

It’s time-consuming, and many brands outsource this aspect of social media management.

Good community management means:

being organized and meticulous (ensuring no customer service issues are missed),
following the brand’s tone of voice guidelines and
having genuine interactions with the community.


Analysis and reporting

This is a big one. Social networks supply a lot of data, and your clients will expect you to be able to collect and analyze it. You need to be able to sort through the numbers to find actionable insights.

You’ll likely need to provide a monthly report to show your clients the results of your campaigns. (Psst, here’s a free social media report template.)

Your social reports should outline the results of your work, highlighting audience growth, engagement rates, reach, and direct sales/conversions, if applicable.

Presentation and sales

Working freelance means pitching and selling your services to potential clients. This is probably a skill you didn’t need in your corporate life as a social media manager, but it’s vital as a freelancer.

If that sounds stressful, don’t worry. Like most things, this part will become more comfortable with practice.

Client relationship management

Improving your relationships with your clients can grow your business. If your clients like working with you, they’ll continue to send work your way. They may even refer you to other potential clients.

That’s why building and maintaining client relationships is crucial to being a successful social media manager.

And while your current clients are important, you want to pay attention to other relationships, too. Keep tabs on potential and past clients and let them know if you have availability.

Trendspotting

Social media managers need to have their fingers on the pulse of the latest trends. This can mean everything from memes to current events. Without this perspective, social media campaigns can look outdated or not relevant.

Project management

Organization is another crucial skill for freelance social media managers. Not only do you need to manage content calendars, but you also need to keep track of your own business.

You’ll need a social media management workflow to ensure assets are delivered on time and approved by your clients. You’ll also need a process to ensure your invoices are getting delivered and paid.

Marketing and strategy

Understanding marketing strategies and how they will impact your social media campaigns are non-negotiable skills. You may be responsible for creating or following a social media marketing strategy.

Every social media post needs careful reflection on how it helps grow the client’s business. Strategic thinking turns a social media post into engaging content.

How to become a freelance social media manager in 2024

Okay—your social media skills are polished, and you’re ready to make the leap. Here’s a step-by-step on how to become a freelance social media manager.
Step 1: Set up your business

Before you can work as a freelance social media manager, get clear on what you need to do to set up your business.

This will vary depending on national and local laws, but may include:

Deciding which type of business you should register. This may be as a sole proprietorship or a limited liability company.
Choosing and potentially registering your business name, which needs to be unique. Check trademark databases if you want to trademark your brand in the future.
Registering for a tax number. Not all freelancers need one, so be sure to research the criteria for your situation.
Getting an annual business license. Again, not all freelancers need one, so do your research.
Creating a business bank account. Optional, so check with an accountant.

Along the way, you might want to consult with a tax professional to determine how much of your earnings you should set aside for taxes. They may also be able to provide advice on which business type would best suit your needs.

Create a business email and social media accounts. At the very least, reserve the handles for your business name, in case you decide to build them up later on. This will be useful when you start marketing your business more publicly and need to establish a brand.
Step 2: Build a portfolio

You will need a portfolio to show prospective clients the work you’re capable of.

There are a few different ways to showcase your professional portfolio. Some ideas include:

Building a website
Using your LinkedIn profile
Creating PDF files
Using a Google Folder to store your case studies

Just be aware that if you use PDF files or a Google Folder, you won’t be found organically online for your work. SEO matters!

If you’ve only worked in corporate roles, you can use projects and examples from those roles to build up your portfolio. Just make sure you focus on the social media marketing strategies you’ve contributed to and the results for which you were responsible.
Step 3: Price your services

Pricing your services is one of the most agonizing parts of freelancing, especially if you are new and unsure of a fair rate. There are many aspects to consider, including your desired salary, business expenses, taxes, and more.

We discuss how to price your services above, but if you still need clarification, reach out to fellow social media freelancers and build a network.
Step 4: Put yourself out there

Now comes the fun part: Freelance social media marketing for yourself. No matter how talented you are as a social media manager, you need to put yourself out there for clients to know you’re available as a freelancer.

Here are a few tried and true methods of marketing yourself:

Attend networking events. Don’t be afraid of trying ones outside of your industry, too. You might be the only social media manager at the merchandising conference, and that might be a good thing.

Post on LinkedIn. People on LinkedIn are already looking for business connections, so it’s the right place to market your services.

Join freelance social media groups. Be an active participant in these groups, not a fly on the wall.

Ask for word-of-mouth referrals. Ask past clients for testimonials and referrals; this is not the time to be shy.

Engage in content marketing. You already knew you’d have to create a social media strategy for your social media freelance business, didn’t you?

5 tips to succeed in freelance social media management

Your freelance business is up and running, but how do you stay on top of everything? By following these tips, of course.
Communicate with your clients

Good communication is key to building trust. And when your client trusts you, you’ll have fewer edits, more freedom to experiment, and generally better results. Don’t slack on those emails!
Don’t forget about your taxes

There’s nothing worse than a surprise bill in the mail, especially when it’s as big as your tax bill. Set aside a percentage of your income for tax season.
Use social media management tools to save time

Investing in tools can help you save time while working on social media management. And time saved = better profitability.

A social media management tool allows you to schedule posts, create analytics reports, and respond to comments and DMs, all from one dashboard.
Build your network

There’s strength in community. When you’re a freelancer, you can’t tap a colleague on the shoulder with a question about a project or a client. That’s why you should build your network. Having like-minded folks you can ask about rates, processes, and projects will only make you more equipped and confident in your career.
Know mistakes will be made

Don’t let self-doubt or the fear of failure stop you from going after big projects and new clients. You’re going to make a few mistakes while you learn, and that’s okay. The most successful freelancers have tried, failed, and tried again.


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