A freelancer offers goods or services independently without a long term contract. Freelancers often work from their homes. There is no affiliation to a company or organization and it mostly a form of self- employment. Development and technological advances have contributed greatly to this emergent lifestyle.
Working from home by company executives and employees bears very many similarities to the work environment of freelancers. When working from home, you might think of trying a little freelancing. It is great for using up extra time…and you are working from home anyway!
Here are tips we got from interviews and lengthy discussions with top freelancers on various platforms including Upwork, Fiverr, Truelancer and Writers.work
Choice of work and clients
If you are employed in a traditional company setting, you have no choice of which tasks you have to accomplish and with whom. In freelancing, it is the complete opposite;
- You pick the choice of work you see best suited to your skills.
- You also get the choice of the workload you have to tackle and don’t have to overwork yourself.
If necessary you can take on two or more clients at the same time.
Working from home for your company sees you get allocated work. It remains rather the same since you are in a department or section dedicated to specific tasks in the organization. You will not be able to take two jobs at a time, but the one you have should be adequate for you. At least, it is guaranteed for you while it is a gamble for the freelancer! 🙂
You can work from anywhere
Another main advantage of being a freelancer is you do not need an office. You can be working at a coffee shop, bus station or even in the comfort of your home. This is where the similarity with those who have been pushed by circumstances to work from home is closest. You have the ability to work independently without being hindered by the limitations of an office. Limitations to your maximum use of such a space may be office chatter, gossip, office politics and differences with specific co-workers! Consider these before you settle into your time working from home. Think about it too if you are gunning to try some freelancing.
Better time management
The joy of being self-employed helps you manage your time better. You have the liberty to take a break whenever you wish. A freelancer is not bound by time like in a normal working space. You can work at night or when it is convenient for you. This gives you more time to spare to spend with family or partake in your favorite hobby.
Your Ability to Freelance is an asset
Freelancing is a profit-making business venture and that makes it a very valuable asset. Not only do you make money off the services rendered, but you can also choose to sell your client base or account in the future.
With all these perks coming with freelancing, it is easy to see why everybody wants to be a freelancer. There are a few things to consider when joining this industry. The freelancing rule book varies depending on the niche where your skills are applied. While there is no single guide to being a successful freelancer, there are a few industry dos and don’ts.
When working from home, you save a lot of the time you would have used to commute to work! The extra time that you get is well used when you deploy it to make extra income. Starting freelancing at this time is a good move. You have enough time to learn the tricks of the trade.
General Freelancing Guidelines
- Have a vision of what you want and how to achieve it. Your vision should be realistic and should have a time frame from start to conclusion.
- Learn the market you want. Do some research on the field that interests you. It helps you understand the pricing, your competition and what is expected.
- Choose your first clients very carefully. They play a very important role of defining the future of your business. The basic rules and guides of customer service and customer experience apply even to freelancers.
- Manage your time properly. You might get carried away by the freedoms that accompany freelancing and forget to meet your deadlines. This affects your ratings and your business in the future.
Why Freelancing is not all Roses
There is a lot to enjoy about being a freelancer. However, there are some drawbacks you might encounter in your freelance business dealings. Some of the threats and challenges to look out for are;
Fluctuations of workloads
With freelancing, jobs come and go. You are not guaranteed a reliable customer base that is constant. You have to find a balance to keep up production and also to sustain yourself when the season is low. Varying workloads mean varying profits for a freelancer.
Since you are the sole owner of your freelancing business, in case you make a loss, it is all yours. You have full responsibility and no one to share losses or liabilities with. Sometimes clients may make payments late or not at all.
Building a good client base is quite hard. It takes a lot of time and dedication to earn their full trust. After earning it, it is even harder to maintain. Freelancing is a business that needs some patience for it to pay. You might be nurturing the freelancing baby long after you have resumed working from your regular office!