5 Tips to Win Big as a Freelancer
With appropriate steps and planning, you can set yourself up for freelancing success. Below are some useful tips to help you thrive as a freelancer.
1. Identify your expertise
Many freelance writers can write, but not many workers can express their expertise about specific subjects like legal or medical, or beauty and skincare topics. Determine what your expertise is in your field, for this can give you an edge over other candidates.
2. Build a website or portfolio to showcase your work
A professional website will act as your portfolio for your freelance work. You can also utilize it to build your authority and reputation in your field. That's why it's crucial to ensure that your site highlights your skills and expertise as a professional.
Alternatively, you can use social media to showcase your portfolio and experience. For example, you can post some of your work and personal art on Instagram if you're a graphic designer.
3. Request referrals from satisfied clients
Once you start working with happy clients, don't be afraid to request referrals when you're done with the project. Simply let them know that you're looking to gain more experience, and if they know someone looking for a similar service, you'd appreciate their recommendation. Also, don't forget to ask for feedback or reviews you can put on your website.
4. Budget properly for emergencies and slow months
As mentioned previously, work can be unpredictable in freelancing, especially during lean seasons. That's why it's important to allocate a portion of your earnings for emergencies and months when work is scarce. Whenever you get multiple, steady projects, use it as an opportunity to build your finances.
5. Establish your professional rate and adjust as necessary
When pricing your rate, account for the tools, software, supplies, skills, and experience—basically everything you use to perform your tasks. You can study the average rate in your field and establish your rate from there. Depending on your agreement with the client, you can adjust your rate to hourly, per-project basis, or packaged services.
Most importantly, always have a contract that details the scope of the project, deadlines, cancellations, rate, and other factors you negotiated with the client.
Freelancing: A Job that Works for You
Regardless of whether it's full-time employment or freelancing, there are ups and downs to both types of employment. However, many workers are shifting to freelancing because even though the work may be challenging, the flexibility and work variety it offers can be rewarding. Hopefully, this article could help you gauge if freelancing is right for you.
As a freelancer, it's important to have a concrete understanding of your finances and to plan for your future. BPI AIA offers comprehensive health insurance plans in the Philippines that give freelancers peace of mind as they tend to their careers and income streams. Get in touch with a Bancassurance Sales Executive today to help you take control of your finances upon preparation in making the shift.