So you’re enjoying the awesome perks associated with being a freelancer — you make your own hours and are your own boss. However, the downside is that since you are independent and lack the backing of a regular company and a regular paycheck, you need to ensure that you keep your finances in check. To do so, you will need to budget, plan ahead, and make the right moves to create a financial safety net should your work dry up.
Whether you’re a copywriter, a scriptwriter, or even a one-man explainer video service, all freelancers have one challenge in common: setting a reasonable rate.
Figuring out freelance rates takes forethought.
The relationships between you and your clients can make or break your business as a freelancer. Not only do harmonious relationships lead to business growth, but they can also help you work to your full potential.
The idea of freelancing is a wonderful concept. The ability to work from anywhere with limited oversight and a schedule that suits the work-life balance that best suits you is almost idyllic. With the largest freelancing market in the world, a staggering 67.6 million people freelance in the US.
A good copywriter is great for business. They will inform, educate, and communicate, getting a reader to take action. If this translates into sales and sign-ups, then they are invaluable.
The art of copywriting has never been in more demand. Companies always need expert word wizards to connect with their audience. To meet this demand, starting a freelance copywriting business is an attractive proposition.
What is freelance success to you? How do you measure freelance success?
If you’re a freelance writer, chances are that you may never have considered concepts such as KPIs (Key Performance Indicators) before you started. Perhaps your inspiration for this career first sprouted from reading Shakespeare’s Othello in high school, or maybe you saw how a well-written speech could change hearts and minds.
Freelancing and stability seem like polar opposites. Most freelancers expect very loose hours, extended periods of downtime, and have plans in case payment doesn’t happen exactly on schedule – all traits of a more informal workforce and marketplace.
An article in the Wall Street Journal spells out all of the undesirable particulars: “Also know, that your future income will be hugely variable. Monthly retainers and long-term commitments are increasingly vestiges of a bygone era.” Given the variable and casual nature of freelance work, how can you turn it into a sustainable, stable business? [Read more…]
The internet and the rise of remote work have turned freelancing into a much more accessible option. This is so true that, in many cases, those who start freelancing part-time eventually want to shift into a full-time freelance lifestyle.
The primary hurdle in this transition typically revolves around handling the business expenses that come with full-time freelancing. Here are a few tips to help you manage your finances as you attempt to launch your own startup as a freelancing solopreneur.
First things first: what is a project timeline? At its core, it’s all your project “deliverables” laid out in one easy graphic. A deliverable is something that needs to be completed before the next stage can begin, so making sure you hit these deadlines is crucial.