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Intro
Section 1
A B O U T M A I LC H I M P & C O
Report Intro
agencies and freelancers who help their clients
Money Moves
get the most out of Mailchimp. The program is
New Business
expertise, grow your network, simplify your work,
Growth Tactics
Stronger Together
By becoming a member, you’ll gain access to exclusive marketing resources, tools, and training
at no additional cost. As you reach membership milestones, you’ll unlock enhanced tools and
benefits that can help you manage your clients, learn new skills, and grow your business.
In Closing
Explore our membership tiers and benefits here
© Mailchimp 2023
2
LETTER TO OUR READERS
We’re thrilled to present the
That’s why we believe this annual Benchmark Report is so important: It’s
a comprehensive collection of perspectives and feedback from a global
Report Intro
2023 Mailchimp & Co Benchmark community of experts that’s designed to help you learn how to achieve your
marketing and business goals—and benefit from a broad community of peers
Since I started at Mailchimp in March 2023, it’s been evident to me the positive
data and insights from freelancers,
Money Moves
impact agencies and freelancers have on our entire business. We’re here to
help you run and scale your businesses and serve your clients effectively and
consultants, and marketing experts efficiently. I truly believe our business is helping yours grow and that, when we
join forces, we’re stronger together.
like you who are dedicated to From all of us at Mailchimp & Co, we thank you for taking part in and reading this
New Business
helping their clients succeed. report. We’re committed to supporting you throughout your professional journey
as you grow, learn from, and connect with other industry professionals. If you’re
looking for a supportive community that can help you navigate the challenges of
the industry, and you haven’t signed up to be a part of Mailchimp & Co, we would
This year’s report covers everything from current marketing trends to love for you to join us.
Growth Tactics
insights on pricing services to getting new business leads. We’ve also
homed in on the significance of balance and uncovering how you spend
your time. Now more than ever, it can be especially important for marketers
like you to prioritize managing your time and energy, and by doing so, you
can learn how to be productive for the long haul.
un ity at
n the co mm dc o
At Mailchimp & Co, we know the power of forming communities and Joi a n
Stronger Together
p.com /
connections with peers across the industry—and the positive impact it can ma ilc him
have on your business. When we engage with freelancers and professional
marketers around the world, you continually tell us the value you find from
connecting and learning from one another. This study is designed to help
foster those connections as we share collective learnings from responding
industry peers.
Ken Chestnut
In Closing
Global Head of Mailchimp Ecosystem
© Mailchimp 2023 3
Join the community at mailchimp.com/andco
W H Y T H I S M AT T E R S
Report Intro
Report, prepared in partnership with
Money Moves
uncovers data on respondents’ revenue,
New Business
factors that impact freelancers.
Growth Tactics
With the creation of this year’s The Benchmark Report is a prime example of the value that can be created when
Benchmark Report, marketers marketers come together to share their experiences and knowledge. We hope that the
like you have once again helped information presented here will not only help you make informed marketing decisions
Stronger Together
provide a detailed perspective on but also inspire you to contribute to the ongoing conversation and growth of the industry.
We believe that insights like these As you dig into this year’s findings, you’ll discover data, tips, exclusive resources, and
are a testament to the power of best practices from marketers around the world that can help you move your business
collaboration and the importance forward. You’ll also come across quotes from some Mailchimp partners along the way.
In Closing
of sharing knowledge within
the community.
Let’s dive in.
© Mailchimp 2023 Data in the Benchmark Report excludes survey respondents that chose not to answer. Numbers shared in the report have been rounded up or down to the nearest whole number. All monetary figures are in USD. 4
m a r k e t e rs wo r l dw i d e F r e e l a n c e r s f r o m 5 3 c o u n t r i e s pa r t i c i pat e d :
Survey
USA, UK, Canada, Italy, Spain, Argentina, Austria, Bangladesh, Belgium, Brazil, Chile, China, Colombia, Croatia, Czechia,
Report Intro
Denmark, Dominican Republic, El Salvador, Fiji, Finland, Germany, Greece, Guatemala, Hungary, India, Indonesia, Ireland, Israel,
Jamaica, Kenya, Malta, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Pakistan, Philippines, Poland, Portugal, Romania,
Saudi Arabia, Singapore, Somalia, South Africa, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, Turkey, Venezuela, Australia
respondents
Money Moves
At Mailchimp & Co, we’re
committed to producing
New Business
our diverse community. As of May
Growth Tactics
participants worldwide—including
Stronger Together
Overall, 1,062 agencies and 483
benchmarking survey.
Higher participation
In Closing
Lower participation
© Mailchimp 2023 Join the community at mailchimp.com/andco *Numbers accurate as of the publishing of this report.
5
Survey Respondents The responses we received are representative of freelancers with varying levels of experience. 34% of respondents
Freelancers
reported having somewhere between 1 and 5 years of experience, while 28% say they have between 11 and 25 years.
Whether you’re new to this type of work or a seasoned professional, the data provided on gaining new business, expanding
your community, and pricing your services can help you grow your freelancing business and find more success.
Report Intro
by the What additional details did we uncover about the freelancers we surveyed?
numbers
Money Moves
GENDE R AGE
63%
Hailing from different parts of the
New Business
world, responding freelancers gave 34% 33% 24%
us a glimpse into who they are, 20% 20%
what they make, and how long 3% 2%
they’ve been in business. When we
asked respondents how they Female Male Nonbinary 18 - 24 25 - 34 35 - 44 45 - 54 55+
Growth Tactics
started out, 53% say that they quit
their salaried job to start
freelancing, while 17% say that Y e a rs f ree la n ci n g A nnu al Revenue i n 202 2
they still have a salaried job in
addition to their freelance work.
Stronger Together
43%
34% 24% 28% 25% 19% 13%
9% 5%
In Closing
< 1 year 1 - 5 years 6 - 10 years 11 - 25 years 26+ years $0K - $25K $26K - $50K $51K - $100K $101K+
Freelancer
Report Intro
EMAIL MARKETING DESIGN CONSULTANCY Web Development Creative
Money Moves
What if we told you that you can Communications Copywriting E-commerce Online Marketing / Search / PPC / SEO Advertising
actually expand your freelancing
business by narrowing your focus? Training Digital UX Development Customer Relationship Management
Our findings suggest that
New Business
freelancers who have a niche or PR Affiliate Marketing Photography Film / Video / Animation Market Research
clear area of expertise are more
likely to experience annual revenue B2B Demand Generation Data Analytics Exhibitions / Events / Experiences Print Management
boosts of 26% and higher
Growth Tactics
compared with freelancers who Employee Engagement / Internal Comms Influencer Marketing Media Buying / Planning
haven’t specialized their offerings.
Conversion Rate Optimization AI / Machine Learning Neuromarketing Wearable Tech
Stronger Together
the more common services dominating
the freelancer landscape—and ask
yourself if you’re currently specialized in Market smarter with integrations
any. A move like this can help broaden
your reach and could help your You’re likely already using multiple tools and programs for your work, but did you know that Mailchimp
business flourish.
integrates with some of them? Take your marketing further by connecting your Mailchimp account to
your favorite apps and web services, such as QuickBooks Online, Shopify, Stripe, and more.
In Closing
Learn even more about freelancer
specialization on page 24
Find all of Mailchimp’s integrations here
Mailchimp
“Happy customers, happy employees, “Customer delight, steady “The success of my customers.
and a net margin that allows me to growth in revenue, and They win, we win.”
partners define
Report Intro
— Richard Lloyd-Roberts,
— Javier Moral, Mailchimp partner and — Robbie Kohli, Mailchimp pro Mailchimp partner and co-founder
founder of Disruptivos partner and founder of Deep Focus of Monkeys in Hats
success
Money Moves
While revenue growth is an important “Having enough clients and generating a decent profit so I can focus
factor to consider when running a 100% of my time on my business instead of working 2 jobs (a full-time
business, responding freelancers tell us job and business as a side hustle). Also, my value in the community,
New Business
such as donations and providing full-time employment.”
Growth Tactics
variety of ways, ranging from client
satisfaction to their business’s overall “Sustainable revenue generation, strong processes “Happy clients (who see results), a happy team
impact in the industry.
and methodologies, and a committed team with a (who finds joy in their work but also work-life
defined culture.”
balance), and profitability for all.”
Here’s how Mailchimp partners define
— Santiago Melluso, Mailchimp pro partner and founder
— MaryAnn Pfeiffer, Mailchimp pro partner and founder
Stronger Together
of DuckDuckChimp of 108 Degrees Digital Marketing
business success:
“Getting to work with clients and “Achieving top-line revenue and profit goals. Accomplishing our
projects that excite us and getting mission of helping share incredible experiences and unforgettable
In Closing
paid well for our work.”
memories with fans.”
— Emily Ryan, Mailchimp pro partner
— Brian Bauer, Mailchimp partner and president of Bauer Entertainment Marketing
and co-founder of Westfield Creative
© Mailchimp 2023 Join the community at mailchimp.com/andco 8
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MARKETING MINDFULNESS
A majority of survey
Report Intro
respondents remain
Money Moves
optimistic about the future
of their businesses.
New Business
At Mailchimp & Co, we’re committed to nurturing this optimism by
Growth Tactics
report offers data-driven insights that can help you learn how to
Stronger Together
So, embrace the journey ahead with renewed focus and confidence.
In Closing
© Mailchimp 2023
9
10
Report Intro Money Moves New Business Growth Tactics Stronger Together In Closing
Join the community at mailchimp.com/andco
Money
Moves
Section 2
Join the community at mailchimp.com/andco
C H A- C H I N G
Fortune favors
Report Intro
the bold
Money Moves
Responding freelancers who report increasing their rates for both new
and existing clients not only say they experienced more growth—they
also took home the highest earnings. Additionally, they’re more likely to
New Business
earn more than they did in their salaried roles.
At Mailchimp & Co, our business is helping you grow yours. One of the
Growth Tactics
and connect 2 clients on paid Mailchimp plans to start cashing in on
Stronger Together
In Closing
© Mailchimp 2023
11
L E T ’S TA L K R E V E N U E
Report Intro
Join the community at mailchimp.com/andco
BY H OW M U C H D I D F R E E L A N C E R E S P O N D E N T S SAY T H E Y G R E W T H E I R R E V E N U E I N 2 0 2 2 ?
Over the last year, 14% of
Money Moves
responding freelancers say they
grew revenue by 26% or more,
compared to the previous year,
when 24% said the same.
New Business
While revenue growth dipped
slightly for respondents between
2021 and 2022, 48% still report
seeing growth—and that’s
Growth Tactics
something to celebrate.
34%
Stronger Together
“We started our agency in 2022, so our
goal is to grow fast while maintaining
29%
the profitability of our projects and
growing in size and revenue.”
In Closing
and co-founder of Palabra Società Benefit Srl
© Mailchimp 2023 Grew by 26%+ Grew 1% - 25% It stayed about the same Reduced 1% - 25% Reduced by 26%+ 12
R AT E S
Report Intro
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W h at a r e t h e av e r ag e h o u r ly r at e s W h at a r e t h e AV E R aG E h o u r ly r at e s
The hourly rates freelancers
Money Moves
r e p o rt e d by f r e e l a n c e rs i n N o rt h r e p o rt e d by f r e e l a n c e rs o u ts i d e o f
reported charging varied
A m e r i c a? N o r t h A m e r i c a?
around the world, with a
noticeable difference between
the rates charged in and outside
New Business
of North America.
Growth Tactics
since our last report, although
48%
those rates still lag behind those 38%
charged by agencies.
34%
26%
19% 17% 16%
Stronger Together
12%
<$50 $50 - $99 $100 - $149 $150+ <$50 $50 - $99 $100 - $149 $150+
In Closing
The top 10% of responding freelancers in North America report being The top 10% of freelance respondents outside of North America
able to charge an average hourly rate of $183,* while the remaining report being able to charge an average hourly rate of $173,* while
respondents report being able to charge an average hourly rate of $90.* the remaining respondents report being able to charge an average
hourly rate of $62 per hour.*
© Mailchimp 2023 *We listed the rates charged by all respondents and averaged the top 10% of those rates charged.
13
RATES
Report Intro
Of the respondents who said they
Money Moves
chose to keep their rates the same
in 2022, 37% elected to keep their
rates the same for new clients,
while 59% reported doing the
same for existing clients.
New Business
26% of respondents say they upped rates
for existing clients by 1%-10%; 30% say
they upped rates for new clients by the
59%
same amount.
Growth Tactics
The takeaway: While most respondents
kept their rates consistent, 59% said they
raised rates for new clients, and 38% for
existing clients. This indicates that some 37%
freelancers prefer to set rates at the start
30%
Stronger Together
of a new client relationship, rather than
later. Before you take on new clients,
strategically plan how to charge them.
26%
21%
Rates charged to new clients
8% 4% 8%
In Closing
Rates charged to existing clients 4% 3%
© Mailchimp 2023 Increased by 21%+ Increased 11% - 20% Increased 1% - 10% Stayed the same Reduced 14
EARNINGS
Report Intro
Join the community at mailchimp.com/andco
What is the reported annual income What is the reported annual income
The percentage of responding earned by responding freelancers earned by responding freelancers
Money Moves
freelancers who reported earning in North America? outside of North America?
over $75K per year dropped
around the world compared
to last year.
New Business
In North America, 9% of freelancers
reported earning over $75K in 2022, while
19% reported doing so the previous year.
Growth Tactics
$75K in 2022, compared to 7% in the
previous year.
51%
There are many factors that influence a
freelancer’s decision when choosing what 34%
to pay themselves, including the rates
27%
Stronger Together
they’re charging, additional income
21% 25%
streams, cost of living, and any
outsourced work.
9% 9% 10% 8% 6%
In Closing
$0 $1K - $25K - $50K - $75K+ $0 $1K - $25K - $50K - $75K+
$24K $49K $74K $24K $49K $74K
© Mailchimp 2023 15
Securing cash flow comes first
STAYING SOLVENT
Report Intro
What keeps freelance respondents up at night?
Cash flow tops the list of concerns
Money Moves
for 40% of freelance respondents,
followed closely by heavy
workloads and and winning new
business, cementing the
importance of a cash safety net.
New Business
Freelancers we surveyed were able to choose more than one answer.
Growth Tactics
40% 36% 34%
Stronger Together
24% 24%
15% 10%
In Closing
© Mailchimp 2023 Cash flow Workload Winning new
business Clients The economy Nothing Other 16
CASH RULES
Report Intro
Join the community at mailchimp.com/andco
You may feel more empowered to increase How one Mailchimp partner defines
Money Moves
success for their business
New Business
saved, consider increasing the rates you
charge your clients. This could help you with great people on
boost profitability, which may translate
interesting projects,
Growth Tactics
into even more cash in the bank. having fun, and making
enough money.”
Stronger Together
Thomas Dori
In Closing
Mailchimp partner and CEO at Anwert
© Mailchimp 2023 17
TARGETING PROFITABILITY
Report Intro
Do you use timesheets as a freelancer?
Money Moves
real time could help you identify
projects that might be overrun.
When projects are absorbing too
much of your time, timesheets can
help get you back on track. 65% of
New Business
freelancers say they use them at
least some of the time.
Growth Tactics
tracking their time say they saw
positive growth, compared to 46%
of those who never or rarely
tracked time. 55% of responding
freelancers who say they use 35%
29%
Stronger Together
timesheets reported earning over
$25K last year, compared to 45%
of those who didn’t. 22%
14%
In Closing
© Mailchimp 2023 No Partly - For some jobs Mostly - For most jobs Yes - For all jobs 18
TAKEAWAYS
Revenue
Key findings on
Report Intro
year’s report say they’re experiencing positive growth—an
money moves
encouraging sign.
Money Moves
In this section, we rounded up data on respondents’ Annua l
In North America, 9% of freelancers reported earning over $75K in
revenue, earnings, and rates. Consider the insights reported the same. This indicates that freelancers in North America
earnings
still have a slight advantage when it comes to regional differences and
on the last few pages as you pursue the next stage
New Business
financial outcomes
of your business growth.
and enhanced financial performance.
Growth Tactics
Maintaining a cash buffer can help you navigate uncertainties and
Cash pursue growth opportunities. 40% of freelancing respondents say
Stronger Together
65% of respondents report using timesheets to keep their work
Timesheets on target. If you’re experiencing projects running over time and
In Closing
implementing a timesheet system.
Report Intro Money Moves New Business Growth Tactics Stronger Together In Closing
Join the community at mailchimp.com/andco
Business
New
Section 3
NEW BUSINESS Join the community at mailchimp.com/andco
Report Intro
‘no’ to work may result
in a reduction in revenue
Money Moves
It can make financial sense to decline work that isn’t the right fit for your
New Business
freelancing business. In fact, many responding freelancers who say they turn
down work that isn’t right for them reported earning more than freelancers
who rarely turn down work.
36% of responding freelancers shared that they go with their gut often or always,
Growth Tactics
turning down projects that aren’t right for them. Doing this allows freelancers more
time and energy to focus on clients and projects that align with their goals.
Getting to a place where you feel comfortable turning down projects can be
intimidating. Tap into our article to learn how freelancers find the confidence to
fend off impostor syndrome and find their ideal clients.
Stronger Together
When you’re in Mailchimp & Co, if you get a proposal for a project that may not be
the right fit for you, chances are you can likely find a partner who is a good fit.
That’s where our partner Slack workspace comes in—it serves as an essential
resource for exchanging leads that align with your capabilities, helping you
In Closing
expand your client base and foster greater interconnection with the right people.
© Mailchimp 2023 21
IDEAL CLIENTS
Report Intro
Join the community at mailchimp.com/andco
Money Moves
confidence in turning down work by
defining the type of client you want.
81%
Imagine your ideal client. What makes
them such great partners? Is it their
passion for the industry? Their
New Business
collaborative problem-solving approach?
Now, imagine working with clients like that
regularly—like our respondents did.
62%
Growth Tactics
46%
“My ideal client is a small marketing
department or an entrepreneur who is
38%
curious and excited about the potential
Stronger Together
of email marketing. They recognize that
partnering with a Mailchimp coach can
take them to the next level, whether that
means creating an overall email marketing
plan, a strategy for organizing their 18% 16%
contacts, or streamlining their processes
with automations and templates.” 11% 10% 10%
In Closing
— Marti Kerner, Mailchimp pro partner and
founder of Spring Ahead Media Solutions
Report Intro
Enjoyment 1 The work 2
Money Moves
A strong partnership can help create a Consider the type of work, how profitable
New Business
harmonious work environment, increase job it’s likely to be, and whether there’s an
satisfaction, and lead to a more fulfilling opportunity for more of it. Ask yourself:
business relationship. Ask yourself: “Am I “Does this work energize me?”
excited to work closely with this client?”
Growth Tactics
The company 3 “My ideal clients are coaches and consultants.
They typically have great content already and
Stronger Together
know the value of regularly communicating
Think about the sector they’re in, how
with their network. Their services run all over
big the business is, how prestigious their the business/life spectrum, so each client
brand is, and how quickly you’ll get paid.
teaches me something new—an added bonus.”
In Closing
Ask yourself: “Will working with this brand
help me grow my freelancing business?”
li e se, Mailchimp pro partner and principal of Yellow Dog Consulting
— E zab th Ca
Report Intro
Join the community at mailchimp.com/andco
Money Moves
While responding freelancers from last year’s report
New Business
broadened
Compare that with 54% who say their offerings stayed about the same, while only 19% say
offerings
they became more specialized. While the majority of this year’s respondents say that they
kept their offerings about the same, we’ve found that specializing can really pay off.
Growth Tactics
Freelancers who specialize are more likely to experience faster growth compared to
generalized freelancers.
54%
stayed the same
Stronger Together
“Niching down has been the greatest business decision we’ve made since
In Closing
— Emily Ryan, Mailchimp pro partner and co-founder of Westfield Creative
© Mailchimp 2023
24
SPECIALIZATION BENEFITS
Report Intro
you haven’t specialized your offerings or you’re on the fence,
Money Moves
consider doing so.
New Business
1 2 3
Growth Tactics
Higher revenue Improved conversion rates Boosted profit
Our data suggests that you’re nearly twice Responding freelancers who reported 64% of responding freelancers who
Stronger Together
as likely to achieve an increase in revenue having a specialization were more say they have a clear specialization
of 26% or more if you have a clear area of likely to achieve high conversion reported earning more than $25K
expertise. 32% of responding freelancers rates of 61% and above than last year, compared to 43% of
who report specializing say they achieved freelancers who kept their offerings freelancers who say they earned over
In
and offering similar services.
Closing
© Mailchimp 2023 Join the community at mailchimp.com/andco 2 5
SPEND WISELY
Business
When it comes to your marketing, you don’t need to break the bank. As you’ll
Report Intro
learn in this section, some of the most effective sales and marketing tactics
on a budget don’t have to cost you a ton of money. With a bit of creativity, you can reach
your target audience without overspending.
Money Moves
W h at p e r c e n tag e o f r e v e n u e d o We s p o k e to o n e M a i lc h i m p pa r t n e r
r e s p o n d i n g f r e e l a n c e r s say t h e y
W h at p e r c e n tag e o f p r o p o sa l s
w h o to l d u s s h e u s e s t h e s e low- c o st,
c o n v e r t to c l i e n t s ?
s p e n d o n sa l e s a n d m a r k e t i n g ? h i g h - i m pac t m a r k e t i n g tac t i c s :
New Business
“Two of my most successful lead tactics have
been my monthly newsletter and social media
pages (especially Instagram and LinkedIn). I’ve
Growth Tactics
communicated consistently over the past three
years. As a result, I’ve built a strong community
of small business owners and industry peers who
enjoy the practical marketing tips, new trends,
and inspiring campaigns I share. Being helpful,
approachable (and human) has helped me turn
42% my audience into clients.”
Stronger Together
32%
21% 21% 23% 20%
16% 15%
10%
Kim Darragon
In Closing
<1% 1% - 5% 6% - 10% 11%+ 0% - 20% 21% - 40% 41% - 60% 61% - 80% 81% - 100% Mailchimp partner and founder of
Kim Does Marketing
Report Intro
Get social Hit send and win
Money Moves
Platforms like Instagram, LinkedIn, and Twitter
We may be a bit biased, but email marketing is
can be powerful tools for building your brand and one budget-friendly and battle-tested way to keep
engaging your audience. You can connect your your customers in the loop while promoting your
New Business
In an industry where expenses can skyrocket, Mailchimp account to these apps—and take your business’s offerings. Make sure your emails are
our mission is to help you achieve remarkable marketing even further. Try sharing content that informative, skimmable, and offer real value to
results for your clients without necessarily piques your clients’ interests, addresses their pain your subscribers—always segment your audience
needing deep pockets. Try these low-cost points, and aligns with their values. lists and test different subject lines to help
marketing tips if you haven’t already. optimize your open rates.
Growth Tactics
Turn clients into advocates Craft compelling content The power of the promo
Stronger Together
Referral programs can be a great way to grow Creating resource-rich blog posts, videos, and A fun, long-standing marketing tactic, giveaways
your freelancing business through word-of- infographics can help amplify your message on a like free 15-minute consultations can help create
mouth marketing. Try encouraging your existing budget. Not sure where to start? Try out Canva and buzz around your offerings. Enticing freebies can
clients to refer their friends, colleagues, and Photoshop—both of which integrate with help nurture your client relationships as well as
family to your business by offering incentives, Mailchimp—to enhance your brand’s visuals, create bring prospects on board. Try Mailchimp’s
like discounts on services—and watch your professional graphics to help maximize your Calendly integration to help schedule and manage
In Closing
business grow.
content’s impact, and make a lasting impression. appointments and maximize engagement.
Report Intro
Join the community at mailchimp.com/andco
Money Moves
a transformative impact on
your freelancing business. “The most valuable support “Whenever I’m unable to take on a project due
comes from the Mailchimp & to capacity constraints, and I need to find a
Co team, particularly my partner I can trust, I head over to the partner
New Business
It can help expand your network, facilitate
Partner Success Manager. Slack and connect with someone who can
knowledge sharing, provide support, and
Having access to community- help. Clients love getting referrals, and Slack
offer continuous learning opportunities.
wide feedback and makes it really easy to connect with other
At Mailchimp & Co, we represent a global
assistance as a Mailchimp pro Mailchimp pros who can help. The Mailchimp
network of marketers who actively
Growth Tactics
partner helps me manage my Experts Directory has also been an absolute
collaborate, share leads, and create
workload and reduce stress.” game-changer for my business when it comes
meaningful connections with one another.
Stronger Together
partner Slack community. You’ll enjoy
opportunities to connect with Mailchimp
devotees around the world, attend events
(both virtually and IRL), and share client leads
Stefan Marcy
with fellow partners. Mikkelsen Chu
In Closing
Mailchimp pro partner Mailchimp pro partner and
and owner of Nomiro owner of Marcy Chu Design
Scope it out
Report Intro
Join the community at mailchimp.com/andco
Money Moves
client and specialized
your services. Now
let’s talk about project 43%
New Business
scoping.
No - because
I don’t do it
Growth Tactics
to align your offerings with your
clients’ unique needs.
3%
Always
28%
Stronger Together
Charging for scoping can generate profits. 73% of Sometimes
responding freelancers who say they charge for
scoping also reported positive revenue growth,
compared to 48% of those who say they don’t
26%
always charge for scoping.
No - because
it’s part of my
It can positively impact your work-life balance too, sales process
In Closing
because it shows that you know how valuable your
time is—and that you expect fair compensation for it.
Report Intro
H o w o f t e n d o yo u c h a r g e f o r o u t- o f - s c o p e w o r k ?
Money Moves
freelancers say they rarely charge
out-of-scope fees, we found that
charging extra can be beneficial to
your earnings.
New Business
10% 28%
Never
Often
High-earning
Growth Tactics
freelancers charge
for scope creep
13%
45% of responding freelancers Always
Stronger Together
who say they consistently charged
for out-of-scope work garnered
51%
Rarely
over $101K last year, compared to
just 12% who say they earned the
same but didn’t charge for out-of-
scope work.
In Closing
© Mailchimp 2023 Join the community at mailchimp.com/andco
30
FREELANCER VALUE
Sell your value,
Your hourly rate doesn’t always highlight your true worth. Focus on the
value that you’re adding to the client and sell that rather than how long it
Report Intro
takes you to deliver results.
not your time Questions to consider when deciphering how to charge for growth:
Money Moves
How can I help my clients What could you be
Have you found your
New Business
bring in more money? the best at? ‘profit sweet spot’?
Our data suggests that larger projects and Clients are willing to pay premium prices to Not all freelancers are set up to take on bigger
retainers can lead to greater profits. Plus, they work with specialists. In fact, freelancers who projects and retainers—and not all want to. When
Growth Tactics
can also help position you as a top performer in reported having a specialization were nearly considering potential projects, the key is finding
the industry. To successfully pull this off, try twice as likely to achieve an increase in revenue your profit sweet spot. This lets you balance your
gaining a solid understanding of your strengths of 26% or more compared to freelancers who costs (your time) and benefits (the profit you make).
and areas of expertise. say they didn’t have a specialization.
Stronger Together
to experience 61% and higher conversion rates consider the following
compared with freelancers whose number of
services stayed the same or increased. Test a small price increase on a service where you
think it won’t significantly impact demand
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© Mailchimp 2023 Join the community at mailchimp.com/andco 31
PRICING STRATEGIES
Report Intro
Most freelancer respondents say they still charge for each hour that is worked to
Money Moves
Value-based pricing could lead to more
growth and profit for your business, as
respondents who say they use this type of
New Business
pricing method also reported that they
earned over $50K compared to freelancers
who reported using other methods.
73%
Instead of adding up costs and tacking on
55%
Growth Tactics
a markup, value-based pricing takes into
account the perceived value of your
services to your client. So, if your work is
essential to your client’s success, your
value may be worth more than the cost of
materials and labor.
Stronger Together
For more pricing insights and tips, check
out our article here
22% 18%
5%
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2%
Fixed - Client agrees on the Time and materials - Charge Value - Pricing reflects client’s Agile - Project has phases that Performance - Payments are
© Mailchimp 2023 Join the community at mailchimp.com/andco project scope of work up front for each hour that is worked perceived value of your services are quoted individually based on results achieved
Licensing - Earn based on usage
32
CLIENT DEVELOPMENT
Report Intro
While only 14% of freelancers are currently offering 3 or more pricing options, our data
Money Moves
How many pricing options
do you give clients when
What percentage of projects do
you know your client’s budget
Knowing your client’s
presenting a proposal? FOR providing a quote?
New Business
Politely decline opportunities
that are too small or too larg
Growth Tactics
Better match your quotes
to your client’s needs
54% Improve your conversion rates
46%
39%
Stronger Together
Once you’ve outlined your pricing options
and you’ve determined what prospective
14% 17% clients should expect to receive with each
11% 9% 9% option, you can demonstrate how you plan
1% to quantify your results using a pitch deck.
In Closing
1 2 3 4+ 0% - 20% 21% - 40% 41% - 60% 61% - 80% 81% - 100%
For tips on how you can elevate your
next pitch, read our article here
Report Intro
Join the community at mailchimp.com/andco
Money Moves
your marketing and
overall business and
growth strategies can 35%
New Business
go a long way.
Kind of - I have
objectives, but
no detailed plan 8%
This begs the question: Yes - I have a clear,
written plan to grow
Growth Tactics
Are freelancers taking my business
Stronger Together
skipping this crucial 57%
No - I don’t have a
step? Let’s find out. written plan
In Closing
© Mailchimp 2023 34
PLAN AHEAD
The difference a Having a clear and well-defined business plan, like a roadmap, can
Report Intro
help you make more informed marketing decisions that could lead
Money Moves
1 2 3
New Business
Increased confidence Faster growth
Better balance
Growth Tactics
Responding freelancers who say they have Our data suggests that freelancers Freelancers are more likely to report
a detailed, written business plan reported with a written business plan tend to having a healthy work-life balance if they
Stronger Together
feeling more positive about the year ahead achieve faster growth. Responding have a written plan. We believe that
and find freelancing less stressful freelancers who say they have a plan having this type of plan in place can help
compared to those who say they don’t were more likely to earn more than you gain direction, set goals, and pave
have a written business plan in place. $75K a year. the way for success, both professionally
and personally.
In Closing
© Mailchimp 2023 Join the community at mailchimp.com/andco 35
TAKEAWAYS Defining your
Finding your ideal client means seeking out those who are aligned
with your vision and values, enabling you to decline mismatched
ideal client
Key findings on
Report Intro
to, client enjoyability (81%), potential profitability (38%), and repeat
defining new
Money Moves
The data reported in this section suggests that freelancers
who say they charge for project scoping can reap the benefits.
scoping and
Namely, 73% of responding freelancers who say they charge for
scoping reported positive revenue growth compared to 48% of
To close this section, we’re recapping action items
value-based
those who say they don’t always charge for scoping.
pricing
New Business
that can help you generate new business leads
and charge the rates you deserve—elements that
when practically applied, could lie at the core of
your freelancing success.
Having a
Our findings underscore the importance of having a well-
Growth Tactics
crafted growth plan that can help propel your freelancing
growth plan business forward. But only 8% of respondents say they have
a clear and written growth plan in place, while 35% say they
have some objectives, but lack a detailed plan.
Stronger Together
Joining a Signing up for Mailchimp & Co and leveling up to partner gives you access
to our exclusive partner Slack, a workspace where partners gain
community opportunities to collaborate with marketers from around the world and
exchange leads with fellow Mailchimp partners. When you become a partner,
In Closing
you’ll also have the opportunity to create a directory listing—getting your
business in front of prospective clients that might be the perfect fit for you.
Report Intro Money Moves New Business Growth Tactics Stronger Together In Closing
Join the community at mailchimp.com/andco
Growth
Tactics
Section 4
GROWTH TACTICS Join the community at mailchimp.com/andco
Report Intro
business, according
to respondents
Money Moves
Although there are many strategies out there for taking your
New Business
client roster to the next level, few are as time-tested and
durable as utilizing your personal network.
Growth Tactics
3 ways to pick up new clients
Stronger Together
Find out how respondents implemented these strategies
on the next few pages.
In Closing
© Mailchimp 2023 38
CLIENT DEVELOPMENT
Report Intro
proactively upsell to their existing clients, which means
Money Moves
Do you proactively upsell to existing clients?
New Business
Fortunately, there are many ways to
improve in this area. You can begin by
having casual conversations with your
clients about challenges they’re facing and
suggesting potential solutions. Remember, 50%
Growth Tactics
each opportunity you take to solve a No
client’s challenges can add value—
the very reason your clients chose you
over other freelancers.
43%
Sometimes
Read our article on 5 growth marketing tips
Stronger Together
for freelancers and agencies here
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comparisons, so you can more effectively
pitch Mailchimp to clients.
Report Intro
Join the community at mailchimp.com/andco
D o yo u a s k f o r r e f e r r a l s ?
Money Moves
Asking for referrals
New Business
who reported asking for referrals
Growth Tactics
revenue in 2022. On the other
Stronger Together
reported no additional revenue
38%
growth in 2022.
Never
15%
Learn more about what
Regularly
In Closing
business in our article.
© Mailchimp 2023
40
NETWORKING
Report Intro
44% of respondents rated “COVID restrictions saw my networking become more one-on-one and personal. As my business is
Money Moves
networking as one of the best
about personal service, I am finding good results with even informal networking. For example, I am
more focused now on sending the occasional email to customers just to say hello and see how they’re
ways to generate new business. doing. This has enhanced my personal relationships with my clients and, I believe, sales and referrals.”
Taking part in some form of — Gary Eckstein, Mailchimp pro partner and founder of OrganicWeb
networking means you’re
more likely to see better revenue
New Business
growth and more likely
Where do you network?
to have higher levels of
personal remuneration.
Growth Tactics
40%
Stronger Together
21% 18% 16%
5%
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© Mailchimp 2023 Join the community at mailchimp.com/andco Mostly online Mostly face-to-face All online I don’t do networking All face-to-face 41
YOUR CLIENT ROSTER
Clients by
Global interconnectivity has changed new business for freelancers. Thanks to technology, freelancing
professionals can connect with clients and opportunities around the world like never before.
Report Intro
Our results say going global could help boost your growth. Responding freelancers who worked with
the numbers
international clients say their revenue grew by 26% or more and were also twice as likely to earn 21% or
more in operating profit. These same respondents also reported that they earned more freelancing than
they did in salaried roles, compared to 29% of freelancers who only worked regionally.
Money Moves
Where are your clients located? How many clients do you work with at a time?
New Business
6 0%
Growth Tactics
41% 37%
22% 18%
12% 10%
Stronger Together
Regionally,
Nationally,
Internationally,
1 2-5 6 - 10 11+
within a 2-hour drive all over the country all over the world
ur findings show that the majority of respondents work with clients all over s a freelancer, you’re in charge of both clients and business
In Closing
O A
the country, with the next-highest percentage of respondents taking their ownership. While 60% of respondents report balancing 2-5 clients
business international. at a time, 28% of respondents are able to manage at least 6 clients.
Don’t go it alone
Report Intro
Join the community at mailchimp.com/andco
Money Moves
used to paving your own path,
but there can be a big benefit to
collaborating. In fact, 67% of
responding freelancers reported
21%
New Business
that they work with other
freelancers on client projects,
Often
even if it’s only occasionally.
Growth Tactics
who say they often work with
Only occasionally
other freelancers reported billing
over $50K in revenue last year,
compared to just 21% of those
33%
I always do
who say they did all the client
everything myself
Stronger Together
work themselves.
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© Mailchimp 2023 43
OUTSOURCING
Report Intro
We discovered that responding What tasks do freelancers outsource or delegate?
freelancers who reported
Money Moves
outsourcing tasks like answering
phones and marketing were most
likely to say they enjoy a healthy
work-life balance.
New Business
52% of responding freelancers
reported outsourcing at least 1
task, up from 39% last year. Plus,
45% of those who say they
Growth Tactics
outsourced some work reported
earning more than they did in
their salaried roles, compared to
the 29% who say they kept all of
their work in-house.
Stronger Together
24%
14% 12% 10% 15%
In Closing
2% 1%
© Mailchimp 2023 Bookkeeping Marketing
and promotion Administration Information
technology Answering phones Inquiry management Other 44
Hiring hands
Report Intro
Faster growth might Would you ever consider hiring someone?
mean needing an
Money Moves
extra set of hands
New Business
fastest-growing revenue were
also more likely to say they need
assistance, with 42% stating that
they would consider hiring
Growth Tactics
someone. Moreover, 32% of
respondents say that reaching
capacity would motivate them to
hire someone else, and achieving 42%
financial stability would convince
31%
Stronger Together
25% of respondents to do the
same. So, if you find your
business growing, take some
27%
time to reevaluate if outsourcing
might be a way to free up time.
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© Mailchimp 2023 Would definitely consider it Would maybe consider it Would never consider it 45
TAKEAWAYS
Client
While half of responding freelancers admitted they never
Key findings on
development
proactively upsell to their existing clients, there are many ways to
accomplish this. By having conversations with existing clients about
Report Intro
their challenges, you can find potential ways to add value.
growth tactics
Money Moves
Across areas like client development, referrals, and
new business, we found that the more respondents
Referrals Referrals from existing clients, networking (including international
outreach), and referrals from other freelancers and agencies
invest in their outreach, the better their returns tend to be.
New Business
3 insights for business growth
Growth Tactics
21% of those who do all their own client work
Networking A lmost half of respondents rate networking as one of the best ways
to generate new clients. Additionally, 40% of respondents say they
Respondents who report specializing are more
mostly network online, suggesting that many freelancers we surveyed
likely to see a 61%+ conversion rate and earn over plan to keep remote work thriving.
$25K per year compared to those who say they
don’t specialize
Stronger Together
Test a profit sweet spot service to see if it can
support a higher price without hurting demand.
In Closing
outsourced some work reported earning more than they did in
salaried roles, compared to 29% who report doing all work in-house.
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Join the community at mailchimp.com/andco
Together
Stronger
Section 5
community Join the community at mailchimp.com/andco
Report Intro
As we read through your responses, a desire for interconnectedness and
work-life balance really stood out to us. To better understand how your
Money Moves
peers are faring in these areas, we examined how they say they spend their
time on and off the clock, as well as their perception of belonging to a
larger community.
New Business
In the pages ahead, we’ll take a closer look at the data, exploring insights
from respondents that can help you learn how to cultivate more balance
and togetherness, both professionally and personally.
Growth Tactics
Stronger Together
In Closing
© Mailchimp 2023 48
WORK-LIFE BALANCE
Freelancing can bring about tons of flexibility, but it’s easy to get caught up in
Report Intro
approach. In fact, the 78% of respondents who say they value their time over
doing right now? money reported feeling more balanced, compared with the 22% of
respondents who say they prioritize money instead.
Money Moves
What is more important to you - How many hours do
How many days did you take
time or money? you work per week? off work last year?
New Business
22%
Growth Tactics
54%
Stronger Together
78% 26% 24% 28% 25%
15%
5% 10% 10%
3%
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Time - Being in control Money - Maximizing 0 - 20 21 - 40 41 - 60 61+ 0 1 - 10 11 - 20 21 - 30 31 - 40 41+
of how I spend my time the amount I earn
Report Intro
they maintain a work-life balance: Join the community at mailchimp.com/andco
Money Moves
“I walk away from my desk no later than 7 pm. It’s “I do yoga and walk every day, spend weekends in
New Business
hard when you work from home to know when the nature, stop working for 2-3 weeks during summer,
day ends. I set appointments with friends, family, or and also rest during school holidays and the
with a fitness trainer to make sure I have a clear end remainder of the year. I read and listen to audiobooks:
point in my day.” narrative and topics other than marketing.”
— MaryAnn Pfeiffer, Mailchimp pro partner and founder — Alessandra Farabegoli, Mailchimp pro partner and
Growth Tactics
of 108 Degrees Digital Marketing co-founder of Palabra
On the next page, we’ll share tips
that have the potential to help you
achieve greater balance so that
you can engage with your
community in and outside of work.
Stronger Together
“We started Limelight to create the opportunity for “Having clear boundaries with work time and home
our team members (including me as the owner) to time. I also only work a 4-day week, reserving 1 day to
work remotely, doing the work we love, working with enjoy my free time, whether that’s by relaxing,
clients we enjoy, and getting paid well for what we’re spending time catching up with friends, or doing stuff
worth. We can work anywhere there is Wi-Fi, so around the house. I also have a great support network
taking time to travel is key.” and team who I can delegate work to when needed.” “Leave work behind when you leave your
desk. Make time for the things that matter.”
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— Tricia Allenson, Mailchimp pro partner and CEO of — Bushra Sheikh, Mailchimp partner and co-founder — Adam Holden-Bache, Mailchimp pro partner
Limelight Marketing Systems of BKS Consultancy and head of strategy at Email Industries
© Mailchimp 2023 50
STRIKING A BALANCE
Report Intro
Join the community at mailchimp.com/andco
Money Moves
Consider your values and establish what your needs are, and then When you’re working for yourself, it can be difficult to remember
create boundaries that protect and honor them. This could mean
to carve out time off for yourself. But our survey results should
New Business
lots of things, like defining specific times for work, not responding to encourage you to pencil in some personal time on your calendar.
emails on the weekend, or carving out time every day to get outside. 52% of the respondents who reported enjoying work-life balance
When you’ve defined your boundaries, it’s important to clearly say they took at least 20 days of leave last year.
communicate them to your clients, and the earlier, the better.
Growth Tactics
Income might be the key 3 Seek support 4
Stronger Together
66% of responding freelancers who reported earning over $50K per Surround yourself with empathetic people who value your time
year say they maintain work-life balance, compared to 55% of those and energy as much as you do, those who can help push you
who reported earning less than $50K a year. This indicates that toward a more balanced lifestyle. This can include other
income can play a role in one’s perception of balance at work. freelancers (who are probably dealing with the same thing),
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mentors, family, or colleagues.
© Mailchimp 2023 51
OPENING UP
Report Intro
Join the community at mailchimp.com/andco
W h o d o yo u s p e a k to a b o u t yo u r b u s i n e s s c h a l l e n g e s ?
Feeling heard, seen, and
Money Moves
understood can make a world of
difference. Respondents who say
they speak to their peers about their
challenges find that it helps them
New Business
establish a work-life balance.
Growth Tactics
board for your most pressing business
questions and more: mailchimp.com/andco
50%
40%
Stronger Together
24% 23%
16%
In Closing
3%
Business owners/
© Mailchimp 2023
freelancers
Life partner Friend Family Mentor/counselor I don’t consult anyone Other
52
M AX I M I Z E YO U R WO R K
Report Intro
Often, freelancers find they spend
Money Moves
more time working in the business, 7% 5%
rather than on it. 51% of Collaboration
Other
respondents shared that they
spend most of their time on
10% 8%
New Business
billable client work, followed by Strategy
Sales and
11% saying they spend most of marketing
theirs on account management.
8%
But how do freelancers actually
11% Business
Growth Tactics
Account administration
want to spend their time? Find
management
out on the next page.
Stronger Together
51%
Billable
client work
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© Mailchimp 2023 Join the community at mailchimp.com/andco 53
P R I O R I T I Z I N G YO U R T I M E
Freelancers would like
Report Intro
do more of this at work
Money Moves
With a strong preference for client
New Business
desirable—and achievable.
53%
Growth Tactics
“Business strategy is a part of daily life for 52% 52%
us at Commino. We create mind maps
Stronger Together
outcomes. Each branch of the mind map
30%
represents an outcome, and leaders 29%
create tactical outcomes to achieve their 26%
j
ob ectives. By continuously reviewing
and updating our plan after testing and
In Closing
— Onur Ibrahim, Mailchimp partner and founder
7% 7%
of Commino
4% 5% 5%
3%
Account Business
© Mailchimp 2023 Join the community at mailchimp.com/andco Billable client work Strategy Collaboration Sales and marketing
management administration
Other
54
SAVING TIME
Report Intro
Join the community at mailchimp.com/andco
The majority of respondents Which finance sof t ware platforms do resp onding freelancers from
Money Moves
around the world say they’re using?
report wanting to spend less time
on business administration.
How can they go about achieving
this? Following the 38% of
New Business
respondents who use
spreadsheets, 21% say they use
QuickBooks Online to help them
save time, demonstrating the
power of our integration with
Growth Tactics
Intuit, as well as our commitment
to providing marketers with a suite
of tools and resources that can
help them deliver their best work.
38%
Stronger Together
21% 19%
In Closing
7%
4% 4% 3% 2% 1% 1%
© Mailchimp 2023 Spreadsheets QuickBooks Xero Wave FreshBooks FreeAgent Harvest Quicken Zoho Other
55
TA K E AWAYS
Work-life
18% of respondents who say they work over 40 hours per week feel
Key takeaways
Report Intro
on staying
stronger
Money Moves
Burnout
Learning how to prevent burnout can be essential. Try to identify which
together
tasks deplete and boost your energy, as well as tasks you want to
prevention spend more or less time on, and work on developing boundaries—
these considerations could help stave off excessive stress and burnout.
New Business
In this section, we outlined what it means
to have work-life balance, cultivate strong
relationships, and spend time on the
Growth Tactics
work you enjoy the most.
Benefits of
The majority (52%) of respondents who say they have a work-life
balance reported taking at least 20 days of leave last year. This
Staying cognizant of how you’re a break suggests that taking time off could help marketers equally prioritize
the demands of their careers and their lives outside of work.
spending your time and energy—and
taking a break when you need it—could
Stronger Together
be the key to your business growth.
The power of Our data indicates that those who say they regularly discuss their
challenges with peers are more likely to experience revenue growth
community compared to those who don’t seek support from peers, highlighting
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the importance of building a community you can confide in.
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Join the community at mailchimp.com/andco
Closing
6
In
Section
In closing Join the community at mailchimp.com/andco
Report Intro
to connected growth
Money Moves
Let’s look back on our freelancing respondents’ practices for achieving
both business growth and an ideal work-life balance.
New Business
suggested that robust referral networks can drive revenue, and other
growth-minded insights.
Marketers also shared tips for recharging with regular, scheduled time
Growth Tactics
off—so you can deliver your personal and professional best.
Stronger Together
In Closing
© Mailchimp 2023 58
Join our community
Report Intro
as important as your business success. That’s
Money Moves
why we offer a wealth of tools, resources, and
New Business
clients—even when you sign off.
Growth Tactics
Sign up here, if you haven’t already, to get insider access into product
Stronger Together
launches, read articles specifically related to the industry, and gain
Join us here
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© Mailchimp 2023
59
Insights from our annual global survey MAILCHIMP.COM/ANDCO
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here munity
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