7 Crucial Things to Know Before You Start Freelancing

Ron Potterman
Ron Potterman
7 crucial things to know before you start freelancing

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Freelancing offers opportunities to control the way you work. As a freelancer, you work with freedom from anywhere and at any time. These perks are leading the growth of the freelancing industry. In the US, one-third of the workforce is currently working in freelancing in some capacity. Freelancing is the best thing you can do to develop a firm set of skills. With freelancing, you can gain financial independence and get a better idea of what you want to achieve in your life.

Freelancing beauty is being your own boss and creating your work schedule at a cost. Across the world, companies have significantly increased their use of freelancers. A freelancer’s goal is to earn some money on the side or make a full-time career. As a freelancer, you need to arm yourself with knowledge, determination to learn, and improve with patience.

If you want to become a freelancer, several things you should consider for becoming a successful freelancer. This article will guide you about things you should know before starting a freelance career.

1. Successful Freelancing Takes Time:

Freelancing has its pros and cons. You must possess a mindset to be a freelancer. Freelancing enables you to set your schedule, so you can take the day off whenever you want. Freelancing has very particular requirements like client networking, time management, and financial planning. People often expect money showering down as they jump into this lifestyle. You can quickly acquire additional skills to become successful.

Starting a freelance career, you can maintain your work routine. You ready yourself with several projects and continually look for new projects to maintain a flow of work.  You can give yourself time before expecting to earn any income from your efforts. Keep your goals realistic and plan on the notion that being a great freelancer takes time.

2. Being a Boss:

A few people realize how much work freelancers undertake every day. You might brush up your resume and look for a job because freelancing is not easy. You might not get to do the following things like; vacations, take some time off, how much you are earning and how much you spend, etc. Freelancers may face these issues when they move from employee to becoming boss.  It’s important to set boundaries and make rules for your work.

3. Stress is Gunning for You:

If you jump into the freelancing world, look out for a freelance killer called Mr. Stress. He will make his way into your life without notice. He can make you jumpy, anxious. It may also remind you of your bills or rent when it’s due. Saving yourself from stress, you should acknowledge his presence. Prepare your defenses with backup money for several months. A good backup plan when your plans don’t work out right and several routines to help yourself relax.

4. Money Management is Key:

Estimate your monthly expense every month to know how much you spend. Figure out the project you need to complete to make that happen. There are apps available which help you out to track your finances. To stick with your paperwork or an Excel spreadsheet won’t be a bad idea. Keeping track of what you purchase isn’t the important thing. You can focus on unexpected things like; delayed invoices, lack of clients, hardware malfunctions, and family emergencies.

5. How much to Charge Depending on your Work Volume:

It’s a big decision for any freelancer. Should you charge per hour, per project, or maybe per feature. The answer depends on the other questions: how many projects are you planning on doing in a year. You’re aiming to do projects establishing a brand that takes 1-2 projects every few months.

6. Imitate before you create:

Trends and experts exist for the reason they work. Thousands of freelancers have walked in your shoes and have paved away. Walk on that path, embrace it and make your life significantly easier.  Take a look at the best in your field and steal as much as you can. Develop the same habits, use techniques and principles as they used to be successful. You need to look for them and integrate their findings into your workflow.

7. First, don’t Quit your Day Job:

If it’s possible, try to juggle between your regular job and freelancing. You’ll get a glimmer of what it’s like to be self-employed. You can work during the weekends or what time you got and decide if you can make it full-time. Once you get the feel of what freelancing is all about, you can go ahead and make the deciding step.

Wrapping UP:

The above points show the things everyone should know before they start freelancing. It may not seem like a dream job, it can be. Once you get these points covered, you’ll find your life has become significantly easier.

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