Making the decision to become self-employed can be daunting. By foregoing the safety net of a full-time employer, you become responsible for your business’s success. That said, the time for freelancing is now.
With the internet available for marketing your skills and searching for new clients, becoming a successful freelancer is far simpler than it has ever been. Even with increasing competition, there’s always someone out there looking for the skills that you have. If you market yourself correctly and deliver on promises made, you should be able to become your own boss.
1. Important First Steps
Assuming that you already have the skills necessary to begin working as a freelancer, then the first thing you need to consider is how much you value your time. Research your competition and find out how much they charge per project.
It is a good idea to place yourself near the lower end of the scale when starting out, but as your reputation grows you will be able to increase your prices. You may be surprised by the amount of work that you are approached to do.
Although it may be tempting, never take on more than you can reasonably handle. If you do, it is only a matter of time before you are forced to let down a client, and this should be avoided at all costs.
2. Marketing to New Clients
You don’t need a large budget to market successfully. Getting a website up and running can be extremely inexpensive and there are plenty of excellent how-to guides available to help you. Getting your website optimized (so that potential clients are able to find you) is also a good idea. If you don’t have the skills to do this, outsource the work to another freelancer.
Advertisement — Continue reading below
Business cards still have a place in modern marketing, as does networking. Attend industry events and get your name out there.
3. Maintain Expectations
Freelancers need to be familiar with service contracts. Terms and conditions should be spelled out clearly so that you and your client know exactly what is expected of you.
Things to remember include:
• A deadline for delivery
• The exact work that you will be doing (word counts, etc.)
• How you will be paid
• Guarantees from both parties
• Any liabilities
It is not uncommon for clients to go back and attempt to force more work upon a client than they originally asked for. Do not feel obliged to do this. Any extra work required should be charged at an additional fee.
4. Getting Paid
Learning about invoicing is essential for freelancers. To help you when starting out, there are plenty of money software programs available that contain sample invoices for you to adjust.
Your invoice should include:
• The service or items provided
• A short description of this
• Hours worked (or flat fee)
• The price of each item
• The total
Include the date by which payment is expected, and, if you accept checks, include “make checks payable to (your business name)”, and make sure you send your client a receipt as soon as they’ve paid. A lot of freelancers choose to use PayPal to invoice their clients quickly and securely, however they do charge a small fee. Another point to remember is that when you are self-employed, you are responsible for paying your own income tax.
Check out our previous articles!
- Brand Your Company with an Ideal Cause
- Does Midlife Education Improve Skills of your Employees?
- Has there been a ‘TiVo Effect’ on TV Advertising?
- Why Future-Proofing Your Business is a Good Idea
- 5 Types of Tasks Small Businesses Can Easily Outsource
That’s the basics covered, best of luck! Please don’t forget to subscribe to our RSS-feed or follow Inspirationfeed on Twitter, Google+, and Facebook! If you enjoyed the following article we humbly ask you to comment, and help us spread the word!