[sidupadhyay]

It's totally doable. You'll probably start off with a lower hourly at first, but you can quickly establish a higher rate and then eventually a consistent weekly as patio11 described. Early in college, I found the best way to find my true hourly rate was through project-based pricing with well defined scopes. The scope needs to be clear and you have to prevent any scope creep, as that will negatively affect your rate. Once you've gone through a project or two this way, you will have established a pretty good reputation with your clients, which would let you bill out at the real rate. After that you would be free to continue billing at an hourly or make the jump into weekly rates.