Freelancing is a wonderful way to make extra income and to find financial freedom in this new age. If you are considering packing up your desk and starting your own professional journey this year, we have some great tips for you today.
Calculate Your Rate
The rate you charge as a freelancer is likely going to be the hardest part of setting up the business. If you are new to freelancing, you need to look at work as if you were in an office. For example, if you are an artist and it takes you 4 hours to complete a piece, you should charge more than your labour hours to make a profit.
If it takes 4 hours and in an office you would earn £30 in this time, you should charge £30, plus 20% for yourself. This would take the price of your piece to £36. You may also want to account for materials and supplies used for the artwork or piece of work and add this on. Never undersell yourself if you have a talent!
Always Have a Contract
You might not be working in an office any longer but that doesn’t mean you shouldn’t have a contract between you and the customer. A written email to confirm the price of work and the time frame for completion should be good enough here. It will give you the security you need later on if anyone tries to take advantage of you.
Freelancing can be hard work, and if you are building a career for yourself you may want someone to help you with admin and other tasks. When hiring someone remember to perform background checks with this company And make sure the person fits in with your ideas, and consider letting them work remotely for you to cut down costs.
Keep A Schedule
One of the most difficult parts of working as a freelancer is motivating yourself. If you want to work effectively and productively you need to keep a strict schedule every day and stick to it. Write yourself a to do list and don’t deviate from it.
Use Free Tools
One of the best things you can do as a freelance worker is utilise the free tools available online. There are countless tools such as Buffer for social media management, WordPress for website creation, and more. Take a look and see what things you can take advantage of as a freelancer.
Get A Deposit
The most important thing you should do before completing a piece of work as a freelancer is secure a deposit. A deposit will ensure that you don’t complete work for someone who is unwilling to pay, and it will give your some real peace of mind.
As a freelancer it is always a good idea to try and market yourself online to gain some credibility as well as recognition. Be social on social media and make a simple website for yourself to allow you to shine. An online presence will draw more people to you and ensure that you are able to gain some traction with your work.