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.
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.
Have you heard of the gig economy? Maybe you hate your job, or you are just looking for some side income. You can create your own freelance business and start making money from home. You might have some freelance business ideas but you aren’t sure how to be a freelancer. There are a bunch of things you could do, from offering freelance services to copywriting, to blogging. No matter what you choose, there are some steps you should follow before starting your own business.
- Sketch out your ideal business. What is it that you really love to do, maybe even at your current job? Who will your clients be? How will you help them?
- Think about the skills you possess. Are you a writer? A designer? Are you fluent in social media? There are endless possibilities here. Also, consider the skill you don’t have and if you want to learn them or outsource.
- Write a business plan. Set goals and determine your mission. You need to have a plan for what you are setting out to do. You will want to review and tweak it as you go.
- Network with other freelancers. Find out what other people in your niche are doing. Do they love it? Are they seeing income/clients? You may want to offer to pay to talk to them for an hour Skype session.
- Start as a side hustle. You may wish to start working with clients or writing while still employed. It can take awhile for a business to grow. You want to be able to replace your current income and beyond. You will be working a lot of hours but have security.
- Make sure you haven’t broken any non-compete contract with your current job. You need to research this before doing your own thing. You don’t want to get into any kind of trouble. You may want to talk to a lawyer.
Once you complete these steps you’ll be well on your way to starting a freelance business. Freelancing work gives you a great sense of freedom that you won’t find with traditional employment. There is no income cap and you can earn as much as you want. It is ideal for many people and possibly for you as well. With some upfront research, you can launch your freelance business the correct way from the start. Once you get going you may find that you enjoy the freelance work more than traditional employment. There is gratification that can only come from being your own boss.
Most small business owners depend on freelancers. It may be how you keep your business afloat. However, you could hire the best of the best and then they back out at the last minute. It can be a pain to work with freelancers at times. You want to get the best work possible at the best price. There are certain ways entrepreneurs can get their needs met, and hire a great freelancer, or several.
- Hire specialists. Ask them if what you are hiring them for is their specialty. A general talent is not the way to go. Don’t hire a writer for social media work, etc. When a freelancer niches down, they are generally doing something they enjoy and are really good at. Go for them.
- Hire passionate people. Ask the person if they have a passion for what they are doing. Hire those that have a great attitude and are ready to work. You don’t want someone flaky who is going to quit on you at the last minute. You want someone who will meet deadlines and deliver results.
- Pay more. Ask how much would make them happy. You get what you pay for in the freelance marketplace. If you are hiring for a really low rate, you may not get the best work available.
- If you can’t pay more, consider offering products or services as part of the deal. Some freelancers will really love this and happily oblige.
With these steps, you’ll know how to hire a freelancer. You’ll find quality freelancers to complete projects you either don’t know how to do or don’t have time to do. Then you can spend your time on things you only can do yourself. There are freelancers all over the world hoping to work with you. This is the best way to keep your business running smoothly.