09/08/2023
Important Things You Should Know About Freelancing 💻💯
As someone who's navigated the unpredictable yet rewarding waters of freelancing for over a decade, I'm here to share some pearls of wisdom that I've gathered along the way. If you're contemplating the freelance life or just beginning your journey, strap in! Here are some important things you should be aware of:
1. It's Not Just About Skill; It's About Business Acumen:
Freelancers are essentially entrepreneurs. Beyond your core skill, whether that be writing, design, or software development, you'll need to develop a good grasp of marketing, negotiation, and finance management.
2. Feast or Famine:
Unlike a 9-5 job, freelancing can be cyclical. There will be months flush with projects and others that are dry. Financial planning and a savings cushion are crucial to help you navigate leaner times.
3. Networking is Your Best Friend:
The more people in your industry you know, the better. Attend workshops, webinars, and industry events. Connect with peers and potential clients on platforms like LinkedIn. Word-of-mouth referrals can be your biggest client sources.
4. Setting Boundaries is Essential:
Without a fixed schedule, it's easy to overwork or get distracted. Set defined work hours, and don’t forget to allocate time for breaks. It's also crucial to have a dedicated workspace, even if it's just a corner of your bedroom.
5. Know Your Worth:
Underpricing to get clients is a common beginner mistake. While it's okay to offer competitive rates, remember that you should be paid what you’re worth. Research market rates for your skill set and experience, and don’t be afraid to negotiate.
6. Always Have a Contract:
Trust is excellent, but a well-defined contract is better. Clearly outline deliverables, deadlines, revisions, and payment terms to protect both parties.
7. Continuous Learning:
The freelance industry evolves rapidly. Dedicate time to learn new skills, tools, and trends in your field to stay competitive.
8. Handle Taxes and Finances Responsibly:
As a freelancer, you're responsible for your taxes. It's wise to hire an accountant or use accounting software tailored for freelancers. Set aside a portion of your earnings for taxes, so you're not caught off-guard.
9. Embrace Rejections:
Not every pitch or proposal will turn into a project. Rejection is a part of the freelancing world. Use it as a learning opportunity. Ask for feedback when possible, refine your approach, and keep pushing forward.
10. Celebrate Your Achievements:
Freelancing can be solitary. Without a team to celebrate wins, it's up to you to recognize and celebrate your achievements, big or small.
Embarking on a freelancing journey is like setting sail into vast, open waters. While the seas can sometimes be rough, with the right tools and mindset, you're set for an adventure filled with growth, autonomy, and potentially, great rewards.
To all budding freelancers out there: here's to crafting a career on your own terms! Cheers!
Warmly,
Iza Gail Latonio
The FreelanceXpert Mentor
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