Huma Siraj
The popularity of freelancing is rising. According to Upwork research, 36% of knowledge workers with full-time jobs are thinking about freelancing, while 28% of skilled knowledge workers actually work as freelancers.
The attraction of freelancing is obvious. Working from home gives you flexibility in terms of who you work with, when you work, and other factors. You start your own small business, and many individuals want that kind of independence.
But before you go into the world of freelancing, there are a few things to think about.
No 1. Clearly Define Your Vision and Goals
Your objectives and desires should be the first thing you think about. Are you hoping to earn some extra cash as a side gig or quit your current job completely to pursue freelancing full-time?
Your income targets, the kind of customers you aim to attract, and the prices you charge for your services will all be influenced by these objectives. You can avoid feeling like you’re stuck on a corporate hamster wheel and create the kind of business and lifestyle you desire by being clear about your goals.
No 2. Assess the Demand for Your Offerings
It’s crucial to find out if the abilities or services you wish to provide are currently in demand. To find out if clients are interested in what you have to offer, you may check job boards, freelance directories like Upwork, or LinkedIn. Don’t forget to provide a service that aids in resolving a client’s issue.
No 3. Pick a Freelance Service You’re Passionate About
Being passionate about what you do is just as vital as determining the demand for your skills. This is particularly true if you’re still working at a job that doesn’t bring you joy.
Instead of using your freelancing work as just another boring means to make ends meet, consider turning it into something that brings you joy. The work you do for your clients will reflect that passion.
No 4. Decide Whether to Start Slowly or Go Full-Time
It can be tempting to give up on your career and start freelancing full-time right away. However, carefully consider if you can afford to start now or if you need to work while you construct.
Running a freelance business part-time and building it sustainably is acceptable. Have three to six months’ worth of living expenses saved up as a safety net in case things are slow to start if you decide to go full-time.
No 5. Recognize the Fundamentals of Business
Lastly, you become a business owner when you work as a freelancer on your own. There are a number of subtleties and distinctions between managing a business and having a job.
You’ll need to manage client connections and comprehend contracts, taxes, and pricing. When you initially start out, it could be worthwhile to get guidance from an accountant.
Conclusion
Making the decision to begin freelancing is an exciting time. To make sure you’re prepared for success right away, keep these things in mind and think strategically about how and why you’re beginning.
