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 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 thinking about going back to school for either a Bachelor’s degree or an MBA? You may be wondering if a degree would make you stand out in the workforce and prepare you for a great traditional role at a large company. It used to be that you could get a Bachelor’s degree and immediately land a job. But now even those with Master’s degrees are having trouble becoming a full time employee. Unfortunately, education can only take you so far at this point. When dealing with a large amount of student loan debt, that is not great news. This is for several reasons.
- Full time jobs are disappearing. Growth is stagnant and there is not the financial security there once was. Companies are now looking for ways to outsource work.
- There is a decline in job growth. The economy has only recovered so much from 2008.
- Full time employees are a company’s last resort. Most companies are starting to avoid them. They use business models that can help them hire as little people as possible. They are the most expensive and least flexible source of labor. It costs 30 to 40 percent more to hire a full time employee than an independent worker.
- Traditional work does not work for most Americans. 30% of Americans do some form of independent work. Nearly 70 percent of full time workers are not engaged at their jobs, while another study found that 74 percent of freelancers had no intention of returning to the regular work force. These numbers are hard to ignore.
So what is the solution? Prepare to be an independent worker in the gig economy. Start looking for great work, and stop looking for a job. MBA programs have been very slow to adapt to this and still are geared towards traditional employment and full time work. They don’t strive to create a diverse portfolio of gigs but instead opt for internships in traditional employment for one company. A freelance MBA should be the way of the future, preparing students to enter the nontraditional workforce.
Freelancing can let you work on things you are passionate about and outsource the things you don’t like doing. You can go in business for yourself, instead of working toward someone else’s dream. You can choose your own hours. You can make doctor’s appointments and take care of family. There is a lot of freedom that comes with freelancing that you simply can’t get from traditional employment. This is why many Americans are choosing to go freelance instead of working full time for a company, if they can even get hired. It’s time to look into freelancing, as it may be the best option for you.