I Can Make As Much Money As I Want
This is another common myth associated with freelance work. Before packing up your bags from the office and thinking of freelancing, do consider a few factors.
i)Do you have a little money saved up?
ii)Do you have a preset plan of how to market yourself to the customer?
iii)Have you tested the waters before taking a plunge?
iv)Do you have a backup plan?
It is a foolish idea to think that you will be able to make as much money as you want by freelancing. It is true that you will not be working for a huge company that takes a part of your profit; however, some expenses may go up. These will be your health insurance premiums, house rent allowance and some allowances which were paid for by your company. Also since there is a lot of competition in the freelance world, the client would like to hire someone with a high level of expertise at a relatively lower price. The payment method of your client could also be unsuitable for you. Since work in the field of freelancing is erratic, you may have too much work load at times and too little to do other times. The idea is to strike a balance and to manage your expenses according to payments.Always have a set monthly budget and try not to exceed it. The money that you saved up is going to come in handy during the initial months of setting up your business. Develop a strategic pricing method keeping in mind the rates charged by your competitors.
What I Do Is Always Going To Be Of My Interest
Like they say, “there is no such thing as a perfect work setup”. You will have to take the decision of going in for freelancing with the idea that you may have to sometimes take up projects that are not really your cup of tea. Consider it the struggle that will lead you to a blissful work environment. If you are a freelancer, your work might get monotonous or boring. You may feel that you have run out of fresh and creative ideas and sometimes you might have to do things you don’t want to just because it is a whim of your client. This is especially true of freelancers who have just started out and are establishing themselves in a particular field. Also don’t assume that you will always be inspired and be able to give your best shot to your work. Creativity is also a practiced art and diligence is the key.