The hourly rate for freelance or side work can vary significantly depending on several factors such as the industry, experience level, location, and specific skills required. However, here are some general guidelines:
Industry: Different industries have different market rates. For example, web development, graphic design, and consulting typically command higher rates than tasks like basic data entry or virtual assisting.
Experience Level: If you’re a beginner, you might charge between $20 to $50 per hour, whereas more experienced freelancers can charge $50 to $150 per hour or even higher, depending on their expertise.
Location: Rates can differ based on geographical location due to the cost of living and market demand. For instance, freelancers in major cities might charge more than those in smaller towns.
Skillset: Specialized skills like AI programming, advanced financial modeling, or niche market consulting can significantly increase your rate.
Market Trends: It’s essential to research current trends in your specific field since these can influence rates due to supply and demand.
Competitive Rates: Platforms like Upwork, Fiverr, and Freelancer can give you a ballpark figure of what others are charging for similar work.

Lastly, it’s important to remember that while setting your rate, consider your expenses, desired income, taxes, and any platform fees so you can ensure your work is profitable.