Are you a freelancer? If so there are things you need to know about the current trends in freelancing. If you haven’t left your current job yet, then you should still know that the freelance economy is constantly growing and changing. In order to do well, you will need to stay on top of current trends. You have to be open to changing strategies to make money in your industry. Consider the following as a guide to the trends in freelancing.
- There’s a need for freelancers. Research out of Princeton revealed that 94% of the ten million jobs created in the US between 2005 and 2015 are temp or freelance. There are so many people now that are leaving their 9 to 5 jobs behind. You can’t blame them, it is amazing to be your own boss and be location independent.
- You are no longer solo. You may actually find you have so much work that you have to turn to other freelancers to help you and outsource. You can do this on freelancing sites easily by posting that you are looking for workers. A lot of people do this, and make money doing so.
- The jobs are not hourly. Most jobs are fixed price. This allows you to make more hourly and be done with time tracking. It is a lot easier to know what you’ll have coming in each month as well. If you are a fast copywriter, for example, you can make a lot of money hourly because you are doing fixed price jobs.
- Content marketing is necessary. Many businesses need help creating content and then marketing it on social media. You can pitch big businesses to work with them in this role. But you also have to do your own content marketing to gain clients. Have a social media presence and a website. You may have to spend money on getting a professional and current looking website made for you if this is not your line of work. You don’t want your site to look like it’s straight out of 1995.
- There are new places to find work. There are so many freelancing sites now and it is good to be on all of them. Some people say that you can only find low paying work on these platforms but that is simply not true. There are many people getting full-time clients on freelancing platforms, and you should be one of them. There is no harm in at least signing up.
Leaving your 9 to 5 is possible. It is so much more enjoyable to be a business owner on your own terms than having to answer to a boss and making someone else rich. You can be location independent and see the world if you want to. Or, you can just stay at your current home and have a more relaxing atmosphere to work in and lose the travel costs. Freelancing is a dream for many, and it is possible to make it come true if you put in the work. Use these trends as a guide to quitting your job and being more successful as a freelancer.
Are you curious about freelancing? You may want to know what it takes to be a successful freelancer. There are definitely benefits to leaving the 9 to 5 world behind. But you may just want to explore what it is about before you take that leap. The following is a freelancing guide. More knowledge will lead you to success.
- Don’t call me a freelancer. A lot of freelancers prefer to be referred to as business owners. “Freelancing” once meant you were underemployed or barely employed at all. That is not what it means today. A lot of people are still surprised that it is possible to make money from home and not only make ends meet but thrive as a freelancer. Some people might have doubts. Prove them wrong.
- We do it by choice. In 2015, a global survey reported that 60 percent started freelancing by choice. We take risks but we love freedom. There are many benefits from leaving your 9 to 5. It can still be stressful but there is no income ceiling and many are traveling while they work.
- Not all are creative. Sure there are copywriters and artists, but that doesn’t account for everyone. Some freelancers are accountants and IT professionals. There is a freelance track for everyone if you really think about it and put in the work.
- We share on social media platforms. A Contently survey results concur with this, as 65 percent reported using their social media profiles regularly. It is a way for us to build a platform and get work. You can definitely score clients on social media. It is a great resource for freelancers.
- We enjoy pitching and marketing. Unfortunately, we can’t always just do our work. We have to market ourselves to get jobs. This includes networking, advertising, and social media marketing. You become skilled in many things as a freelancer. You have to, or you won’t get any work. Be ready to put in the work.
- We usually have many marketable talents. You may not be experienced at a masters level at everything you do, but the more you can do the better. Some like to specialize but others prefer to mix it up to avoid burnout. You can do various gigs instead of one full time job to keep yourself from getting bored.
- We go after the money. Instead of taking low-paying gigs, you should market yourself to your ideal clients. Taking too much work at a low rate will eventually make you burn out, or you’ll just be very broke. Either way, it is not ideal. Go for the money, and pitch high paying gigs. If you have to work below your normal pay, see if you can go above and beyond (once) and negotiate for a better rate if it becomes an ongoing gig.
- Some have large incomes. There’s no ceiling with what you can earn by freelancing, which is why a lot of people do it. There are many freelancers making six figure salaries. Why settle when you can be successful? It won’t happen overnight, but there are definitely entrepreneurs who are making a lot of money freelancing, and you can as well.
Now that you have a better idea about freelancing, you can think about how you can do it as well. You have probably learned skills in previous or current employment, or have interests and creative skills that you can use to start a side gig. You should do your research and see what you can do to start a side hustle and become a successful freelancer.
Do you have the entrepreneurial spirit? Perhaps you just need to increase your income to make ends meet, or maybe you have a bigger goal of retiring early. You may have heard that solopreneurship is a way to do those things. Everyone should have at least one side hustle simply to make more money. But what are the keys to starting a side hustle successfully?
- Have multiple streams of income. Do not put your eggs in one basket. You can’t guarantee that you will have a job forever, and the same goes with freelancing and even passive income. Mix it up and have more than one to rely on. Think about the skills you already possess and how you can create a service based business and possibly something passive as well. Should you have a blog? Teach online courses? Do some research and see what would be a good fit for you.
- Add value. You have to solve a problem or pain point for a person to truly have a successful side hustle. People don’t like to spend money, but they like to buy things that benefit them at the same time. Be the solution and you will see your income increase. Think about what you know or what you could easily learn and research as much as you can, and then take that research and turn it into a blog, course, or sales funnel.
- Use your already existing contacts to get yourself out there, and continue to grow. Start an email list. Make a website, network on social media. Spread the word. Don’t be afraid to share your new business. Get out there and let people know what you are doing and how you can help them.
- Set goals. Make sure you start hustling before you leave your day job. You should have a solid foundation in place before you make that leap. There will be long hours, but it will be worth it, and you’ll be less likely to fail. Start with a part time hustle. Most people say to have 3 to 6 months of income saved before leaving your day job. You may not need that much but you don’t want to cause problems for yourself either.
- Believe in yourself. It might sound silly, but you need confidence in order to be successful. If you don’t believe you are the solution, your customers won’t either. Continue to learn and share what you know.
You may have a lot of side hustle ideas. Make sure to do your research and find what will work best for you and the skills you already have, with the hope of expanding your skill set in the future. There is a wealth of information online on various gigs you can do and services you can offer. There is no need to reinvent the wheel, but you will want to put your own spin on what you offer. With these side hustle tips, you will be well on your way to be successful and earn extra or maybe even full-time income.
Have you entered the freelance economy and don’t know what to charge? It’s true, you can make more money by freelancing. You don’t want to under or overcharge for your freelance services, however. You could end up doing tons of work for too little money or not get any clients because you are charging to high. Fortunately, there is a way to find out what your freelance hourly rate should be, and price yourself as a freelancer.
- Perform research and come up with an hourly rate. Consider the scope of the project. Know your role and the goals you have to meet. Know whether this is a one off project or ongoing work. Know the budget the client has, as well.
- Estimate Length in hours. You’ll need to break the project down into parts and estimate how long each will take.
- Multiply rate by hours and then add to it. You’ll want to take your base hourly rate of pay and multiply it by how long it will take you, and then add to that figure. The padding you are adding will be for questions, revisions and other unforeseen things.
- Communicate clearly. You don’t want their to be any questions in regards to what you are charging and what your duties are.
- Track hours and adjust accordingly. If you find that you are under or overestimating the length of a project, you can change for future projects or even discuss on your current project.
With these tips there will be no more guessing what to charge. You’ll know your worth and feel confident when setting up a contract for work. You won’t be undervaluing yourself and making less money, and you won’t be scaring clients away. It will be a good fit for your business. Know your worth, and don’t apologize for it.
Freelancers now make up 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the “Freelancing in America: 2016” a survey released October 6, 2016, by the Freelancers Union.
Stephane Kasriel, CEO of Upwork, a top freelance marketplace, has stated that the younger part of the workforce is much more likely to be freelancing. A large chunk, 47 percent, are 18-24. Only 28 percent of freelancers are Baby Boomers, according to the study.
Why is that? Well, there are several reasons.
- You can choose how much and how often you want to work. You can usually work fewer hours and make more money than you would with traditional employment.
- There is now easy access to freelance gigs. There are tons of websites with listings, so you don’t necessarily even have to pitch your services anymore, although you might want to for increasing your rates.
- More money. According to the study, more than half are making more than they were when traditionally employed. There is no income cap with freelancing, you can earn as much as you want, sometimes with less work. You’re also more likely to be doing what you love.
- You can be your own boss. It can be a change to own your own business, but you can have a lot more freedom. While you may be putting in long hours at first, you can eventually charge more and work less. You might even have some passive income. Freelancers generally have more than one source of income.
The number of freelancers is continuing to grow. Freelancing has given so many people freedom to live their life how they want to, as well as financial freedom. You can pay off debt and build a savings and plan for retirement. You can travel the world. The possibilities are endless with freelancing. For most, it is an ideal way to live. It may very well be the way of the future, as more freelancers are starting every day. It may be better to look for great work, than a great job.
It’s Sunday night. That’s when the dread sets in. Like an elephant sitting on your chest. The weight of the world on your shoulders. You’re coming up on another Monday. Another day at the job you can’t stand. Maybe you’ve been there for years and think you can’t afford to quit. Maybe you never applied yourself in school and took something entry level that just isn’t for you. Maybe you think getting fired is on the horizon and you are scared about what will happen next. Whatever your situation, let’s take a moment to dwell on what your boss isn’t doing at your 9-5:
- Ask how you are doing. Wouldn’t it be nice if they even pretended to care? Maybe you even try to be friendly but get no response.
- Help navigate your career path. Where exactly is this job taking you? Probably nowhere fast. What a downer.
- Encourage creative pursuits. Do they know anything about what you enjoy outside of work? Do you have time for your hobbies at all? What were they again?
- Give straight feedback. Maybe your boss is a jerk but do you even know what you’ve been doing “wrong”? Are you doing anything wrong? Are you even sure? Probably not.
- Maybe you have spoken up, but were you heard? In one ear and out the other. Nothing has changed.
- Give you a job well done. You hear about the negative but never the positive. It would be nice to get some good feedback just once. Or maybe all the time. Yeah, that’d be great.
- Mentor and coach. Wouldn’t it be nice if you had a leader guiding you? What are your next steps? Can you ever expect a promotion?
- Maybe a good boss would help you learn. You might enjoy training if you felt it would actually benefit you. Maybe you would apply yourself.
- Lead by example. A crappy boss is not a leader. They just yell at people and sit in the office.
- Comfortable with flex schedules. Wouldn’t it be nice to work from home? Make a doctor’s appointment without the hassle? What if you kid gets sick, can you call out without recourse?
If you related to this list you may have a crappy 9-5. But don’t worry, you can escape it if you have drive and persistence to make it happen. You can use your skills to freelance. The gig economy is growing every day. You can be your own boss on a path to success and love every minute of it. If you aren’t sure what skills you have, there are many that you can try and build up a portfolio. One good example is freelance writing. Set up a website and write up your best samples and start marketing yourself. Research online some tricks of the trade. Soon, you’ll be able to escape that awful 9-5 and get rid of that lousy boss for good.
Studies show that most full-time employees are not engaged at work. Within the gig economy, there is much less focus on attendance and the 8 hours (or more) work day. The freelance worker can generate ideas from anywhere, at home, or even while running errands. The gig economy focuses more on the results the freelance worker provides. This gives the individual a lot more freedom to do what they want in life. They also can be a lot more passionate about what they are doing. You get to chase your own dreams when going into business for yourself.
For companies, office space can cost as much at $12,000 per month. That’s very expensive and you would want to get the most for you money. In truth, workers spend a lot of time at the office not even working. Independent workers and cheaper and much more motivated to increase their portfolio and get good reviews. There is less overhead with freelancers than with a traditional full-time employee.
For freelancers, it makes the most sense to work at home doing what they love. They don’t have to commute and they don’t necessarily even have to deal with many people outside of those they contract with. There is no office drama. You don’t really have to worry about sick days. There is a lot more freedom and they can do what they want when they want. Working remotely from home is ideal for them.
It seems clear that freelancing is ideal versus a full-time job. There are many platforms where a freelancer can search for clients. Many companies are finding it is cheaper to hire freelancers instead of full-time employees. You may prefer looking for great work rather than a great job, as they are disappearing. Most freelancers have no desire to return to full-time work once they leave it behind, and with good reason. For a freelancer, it is easy to use gig websites or even set up their own website to find their ideal client. Once someone starts freelancing they may never want to return to the office again.
Are you looking to become your own boss? Perhaps you heard about freelancing and would like to try it out for yourself. It is possible to live the American dream and be successful. Being a freelancer is a lot of work but it’s definitely worth it. Here are 8 steps to becoming a freelancer.
- Get credentials. Depending on your industry, you may need specific credentials to freelance. If you are working for someone else, you might be using their credentials. Research this before you make the leap. You might want to take classes or even potentially go back to school, however there are a lot of skills you can research and teach yourself for free or minimal cost online.
- Make a business plan. Lose the employee mindset. You are now a small business owner. Set goals and plan and start with a great framework. You work for yourself and have clients now.
- Create an online presence. Get your business name on all social media platforms. You don’t have to be on all of them at once, but you want to secure your name on them for the future. Focus on two. Once you get two down, expand on your other channels. Have a consistent brand image.
- Create a pitch. If you are a copywriter this is a no brainer but you still have to network even if you aren’t a writer. Create a basic outline you can edit for each potential client. Don’t just make a form letter and send it to everyone without changing it. They will notice and you will not get jobs. Competition can still be fierce on gigs, even though there are more of them today than in the past.
- Join your community and network. Join groups in your industry on Facebook and LinkedIn. Get to know people. Answer questions. Don’t be spammy but get your name out there. Marketing yourself and your business is very important.
- Learn about competition. Study those in the same industry. Don’t just copy them but learn what they are doing right and wrong. Learn from them. You may even want to reach out to them for possible collaborations. Make friends with those in your industry.
- Win clients, before you leave your day job. Get a source of income coming in before you make that jump. You may want to have a couple months worth of expenses saved just to be safe.
- Quit your day job. Once you’re ready, quit your job and go full time so you can focus on your business. It takes a lot of work and you’ll get drained doing both. This is the best step in this list, but you want to do it wisely. Don’t have all your eggs in one basket.
With these freelancing tips for beginners, you will be on your way to creating a side business that could potentially lead to full-time income. Focus on each step in your journey but keep the end goal in mind. It is possible to reach your goals and be your own boss, although it will take a lot of work and dedication. Being a freelancer is a dream for many, be brave enough to take that leap and you will reap rewards of an independent lifestyle.
Are you curious about becoming a freelancer? If so you aren’t alone. There are many Millennials today joining the gig economy. For many, it is desirable to be your own boss, set your own hours, and offer services you enjoy doing. Why spend your life making someone else rich? Many today just simply aren’t interested in traditional employment.
I came across this quote recently, “There are a lot of good reasons to consider running a business as an expat,” according to Ryan Paugh, the co-founder of the Young Entrepreneur Council. “Overhead can be significantly lower. Finding the right talent can be far less competitive. Not to mention, many foreign countries are welcoming foreign startups and entrepreneurs as an economic development opportunity — frankly, something the US could learn from.”
It’s true. Many freelancers are opting to live elsewhere instead of the US, because of the cost of living. If you are a digital nomad, there’s no need to stay somewhere expensive. You might prefer living somewhere that your income will go farther. Due to this, the US is losing a lot of talent. Millennials are finding that the American dream simply doesn’t exist for them, so they find it elsewhere. Major cities that might appeal to young Millennials are simply too expensive to live in from housing to even the cost of food. What good is being your own boss and having freedom if you can’t afford to do anything? This is why, among other reasons, Millennials are leaving the US.
In addition, there is also the desire to simply travel and see the world. There are tons of great places to visit that have cafes with wifi, for example. Why stay in the US when there is so much more to see? Cultures to learn from, food to try, and tropical beaches. (Although I have heard having your laptop at the beach is not all it’s cracked up to be.) Being location independent is an exciting opportunity especially for the young entrepreneur. There are so many great places to go that are beautiful with lots to do and aren’t expensive to live in.
You may be considering joining the gig economy and becoming a freelancer. You should do this with a plan and have savings in place before you launch your new business. You too can consider relocating once you don’t have ties to your current area. There are many services you can offer as a freelancer whether creative or technical. You can start a website, or even just do random gigs off freelancing sites that already exist. Freelancing is a great way to see the world and have new experiences that you would not have otherwise. There is no income ceiling, and you might find a place where the cost of living is more manageable. You only get one life, live it to the fullest. Once you go freelance you might never go back to traditional work again. It is life changing.
Are you unhappy at your current job? Maybe you heard about freelancing and want to give it a try. Freelancing has given a lot of people freedom to do what they love. You can escape the dread of your 9 to 5. There is no income ceiling, so you can make more money. Or perhaps you’ve had a side gig for awhile, you have good feedback on freelancing sites. You are getting to the point where you really know what you are doing but would like to grow. Either way, you are wondering if you should have your own website for your small business. But you might be seeing some issues with taking the leap.
- Websites cost money and you aren’t sure if you want the added expense. Setting up a website can cost thousands of dollars, but there are ways to do it yourself. You can do research online.
- Isn’t it complicated to set up a website? There are certain hosting plants that can have a nice look to them are aren’t necessarily as complicated as WordPress can be. If you aren’t a designer, make sure you look into this for a great website that is less complicated.
- What type of design should I choose? A design can be expensive, but some or free or at little cost and can get the job done.
- What domain should I choose? This can be a hard thing to decide. If you aren’t sure, most people just use their name.
- I have other ways of finding work. You might already have clients, but you can possibly find your dream clients by having a website. This lets people learn more about you, what you offer, and maybe even what you charge.
So why should you get a website? You’ll be building your brand, which is crucial in the gig economy and growing your freelance business. Prospects will know more about the services you offer which can encourage them to buy. You own your content, which isn’t the case on a lot of free platforms. Really, you need your own website, especially if your main gig is something like freelance writing. Most people like to at least reference a blog before hiring someone. It shows off the freelancers skills quite nicely.