Have you ever thought you can be your own boss ? If you tired of the routine job and wondering for work where you will not be bounded by boss, then the freelancing and making money from it will be a best option for you. This is the work you can schedule according to you from the comfort of your home. So here we will provide you the most effective ways to find the freelance tasks and finish those all in a attractive manner.
Freelancing and making money and become your own boss
In todays world everyone is trying to evolve and doing struggle to becoming independent to make money. There are lots of people wants to earn money with their comfort, for those people the way to do freelancing and making money online is number-one opportunity.
Table of Contents
1. What is Freelancing?
The freelancing is a self employment job where individuals offer their works to the clients on project by project basis without forming a long term of employment contract. A freelancer can work from anywhere, anytime independently usually from the comfort of the home. So freelancing and making money is a great source of income for those who wants to do a type of work independently and want to be their own boss.
The advantages of freelancing :
There are lots of advantages of freelancing some of them are given below :
Flexibility : A freelancer is free to work from anywhere anytime and he/she can choose any sort of work which is suitable for him/her. This is the flexibility provides a big freedom for a freelancer. You can not get this type of flexibility in your typically available routine jobs.
Control : The freelancing provides a better control on selecting the projects, fixing the rates per hour or per day basis. This can be a mostly attractive for those who want to start a business in own terminologies.
Variety : There are variety of works in the field of freelancing which helps to an individual to work in numerous areas and getting the experiences that how a particular area works. You will be more experienced after working with many industries and different fields.
Balance the lifestyle : Freelancer can schedule their lifestyle according to his/her comfort. This helps to fit the life and achieving the balanced lifestyle.
Personal development : As a freelancer you takes different-different tasks. In order to performing those tasks you will be interact with various sort of skills, knowledge and terminologies. So in this way the freelancing helps to enhance the knowledge and personal development.
The most important earning factors for freelancers :
The freelancing and making money depends on various factors here are the most effective factors involved in the earnings as a freelancer.
Experience : How much you are experienced is the important factor in the field of the freelancing, because if you are already experienced the negotiating with the different type of individuals and handling the tasks will be easy for you.
Note : If you are not experienced, do not worry you need to learn some of the things. You can do it easily after acquiring some knowledge.
Industry : The earning factor also depend on the industry, because the hourly paying rate vary on different industries such as a freelance writer hourly charge can be less than a software developer.
Skills : This is the mostly considerable factor because you will be a freelancer only if you have any skill. You need to be skilled in any field, if you have no skill then there are lots of platforms where you can learn a trending and new skill for freelancing and making money from it.
Perfection : The perfection to perform a task influence to the clients to hire you again for numerous projects. So finish your projects in an attractive manner to gain more profit.
This is some general guidelines. You can expect according to this how much you can be paid for various type of working fields.
- Social media management : $15-$100 per hour
- Writing and editing: $25-$150 per hour
- Graphic design : $35-$150 per hour
- Web development : $50-$200 per hour
- Photography : $50-$200 per hour
- Consulting : $50-$500+ per hour
The above guidelines are not fixed but only are approximate and really depends on type of work and your collaboration, communication with the clients.
2. Choose your freelance niche :
To select your niche is mostly important for a freelancer, because this is the particular area where you are going to work. Basically to do freelancing and making money you are not going to catch up the whole area because it can be confusing for you. So select a particular area and work on that.
Identifying your skills and passions :
At the first you need to consider about yourself in which particular field you are good and you can finish these sort of tasks easily and with the high perfection. The freelancing and making money is not a short term plan or not work which will be finish within a night rather this is a job which you should keep continue everyday.
If you want to work in any particular field and your capabilities and skills are not suitable to that then no need to worry about anything because you can learn the mostly in-demand skills from the various platform easily and perfectly.
The thing plays a key role is your passion and interest because if you are working in any particular area the interest is not in, then you will not be able to keep continue with that skill. So make sure that the field you have chosen is suitable and according to your passion, interest.
Researching potential niches :
This is the research you can feel overwhelming but the foundation of freelancing starts from here. To do freelancing and making money from it depends on the niche you have chosen is how much valuable and in-demand.
What is niche : The niche is the category or area in which you are going to work as a freelancer. Basically niche that what type of content you are going to produce.
Demand : The niche you have chosen should be in-demand. Because if you are working in the field that has been outdated you cannot be successful in that particular category so the area you are working should have a great market value.
Choose your niche : Basically the niche refers to the small category for working. In the beginning you can start with with a broad area and time to time eventually you can save it at micro niche.
3. Setting up your freelance business :
To set your freelance business is the very important for you because it comprises the most important terminologies that will enhance your business hundred times.
Creating a brand and online presence :
Define your services and target market : This is essential for a freelancer to define the services you are offering and determining the target audience. It helps you to differentiate from other freelancers.
Choose a business name : Choose a business name is related to the services you are going to offer. Make sure your business name is related to your services.
Create a logo : Create a logo that relates with your business name and brand. The logo should be visually attractive and communicable your services and values.
Establish your visual identity: Develop a visual identity included colors, fonts, and imagery. The visual identity should be continuously across all your marketing materials, including your website, social media, and other communications.
Creating a website : To create a website as to showing your online presence is beneficial. Because when clients know about you they search on google to know more about you. If the clients will get your online presence it will effectively attract to offer you more projects.
Many website builders can help you to create a attractive website which will help you to brand your freelance business.
The most important thing you need to make sure is to make your website responsive so that the users can access easily through any device.
Note : Freelancing and making money is quite possible if you are not investing the money but to turn it into a business and having a willingness to make a big revenue you will have to invest.
Building a portfolio and resume :
To build your portfolio and resume is necessary because you are going to enter in the noisy world of freelancing which has already a big competition so here you need to show something different and amazing. So that clients can surprise and freelancing and making money from it can be easy for you.
At the first you need to define the services you are providing. After that give some examples that the works you have performed. You can also include some relevant information that reflects yourself.
You can highlight your skills, capabilities and experience. The skills you have mentioned should be according to your experience and areas you worked.
The portfolio should be concise and easily understandable so the user or clients can understand and take decisions accordingly. The hard and typical words in the portfolio can create a barrier in the freelancing business.
If you have the educational qualification and certificates in the relative niche then must mention in the portfolio. This will demonstrate your achievements and accomplishments in your field.
Keep up-to-date your portfolio time to time. This helps to the clients to know your most recent accomplishments, knowledge and increases the chances to hiring you for the upcoming projects.
Developing your pricing strategy :
The pricing strategy is to calculate the expenses and defining a compatible rates with the profit of your projects. In this you should be flexible to communicate and try to avoid the strictness over your task based prices.
Hourly rate: Define the hourly rate that comprises the all over your expanses and generates a profit. At the starting keep your prices minimum and time to time with the growth of your value and popularity in the market you can increase it.
Research the market : You need to research the market and checkout the freelancers working in your niche so that you can get an idea in your pricing strategy.
Mention your expertise : Mention the expertise and uniqueness in your work it will justify to charging more for the projects.
Be flexible : You need to be flexible and do not strict on your rates otherwise you will lose a large scale of work.
4. Find the freelance work :
Generally to do freelancing and making money you need to show yourself and your services at internet. In other words we can say you need to popular your services. This can be possible from the various ways social media, networking and freelancing sites.
Freelancing sites :
There are several websites you can register yourself and start freelancing and making money.
The benefit of registering on an authentic website is you will not face any sort of fraud and issue related to the payments you will be paid according to the contract and a company will work as a mediator and will help to resolve your issues.
Some of the familiar website are given below :
- Freelancer
- Upwork
- Guru
- TaskRabbit
- Fiverr
- People Per Hour
Social media :
Social media is a best option to promote your services and finding the potential clients. Sometime it can be a time consuming process to find the potential clients. So never get discouraged and keep continue on the way of freelancing and making money . For example facebook, twiter, instagram, etc.
Networking :
Attending the locally networking events can help you to find the mostly potential clients. You can learn the upcoming trends in the industry and make a connections in your field. You can make good connections and make deal accordingly.
Cold pitching :
This is the way where you reaching out to the unknown clients even you did not met before. Keep in mind that this is thing can make you demotivated sometimes because from the bulk of sent emails or messages a little numbers will be responsive and desired to hire you. So be clear from this way the freelancing and making money can be challenging for you sometime.
Except registering on the freelancing sites you need to negotiate and responsible about the payment issues and other issues.
5. Wrap up :
In the end I will wrap up the content and mention the mostly important things that will lead you to making the career in this field.
Learn it carefully.
Pros :
Flexible : you are flexible to perform the tasks from anywhere and anytime.
Freedom to choose the project : You have the opportunity to choose the projects according to yourself.
Higher income possibilities : A freelancer often paid more than a employee. So the freelancing and making money from it discloses the door of higher earnings.
Self development : As a freelance you get various sort of projects and you keep updated with latest updates and knowledge.
Cons :
Inconsistent income : As a freelancer you will face fluctuations in income. This can be very challenging most of the time.
High competition : The market of freelancing has a big competition so to win the clients and their works can be a big deal for most of the freelancer.
No benefits : In the world of freelancing and making money from it you will not receive any sort of benefit just like a job holder for example health insurance, retirement benefits, etc.
Lack of structure : No managing and motivating facilities will not be provided. Freelancer have to self motivated keep maintaining all the issues by your own. As a freelancer you need to be self disciplined because if you are working everything in a disciplined manner every sort of job will be finish at right time.
For a freelancer this will not be wrong that you are actually your own boss.
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Final thoughts on making money from freelancing :
For most of the users freelancing and making money from it can be a good option who are self motivated and have a willingness to take the responsibilities.
I am clarifying one thing which plays a vital role in the world of freelancing that the day to day fluctuating in the income is natural and to stay motivated is tough thing. To do freelancing and making money, you need to manage all the things in an effective manner by yourself. But later you turn it into a business.
So must consider all the pros and cons carefully in the freelance world before start to making the career.
Our intentions are not to scare you rather making you aware about the reality.
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