How to Make Money Through Freelancing?

April 21, 2020 Off By studyshout

Freelancing is something to which more and more people are getting attracted. The main reason why many people prefer working as a freelancer is that this career option gives a lot of freedom. The best thing about freelancing is you are your own boss. This is the career option in which no one is there to tell you when you should work and when not.

The presence of the internet and technology came with so many opportunities. There are so many services that are in high demand right now. If you are a complete beginner and you don’t have any skill, you need to first learn the skill and master on it.

Freelancing is beneficial for both, the person working and for the company. The person working as a freelancer works for more than one company and he/she is can work as per his/her flexible schedule. For companies, it is beneficial in terms of cost. By not hiring full-time employees, various costs like hiring, recruiting, leaves, etc. will be zero. This way, companies can pay a bit more amount to freelancers.

Now coming to our main topic – how to make money through freelancing. Here are the steps on how you can do that:

1. Choose a niche

The major mistake most new freelancers often make is they are not clear about their niche. What they do is they get ready to take any paid work from any employer. You need to have a clear idea about the niche you are in. By working on different random projects, you can’t build expertise in any niche. You need to be specific with the niche so that you can specialize in that niche and charge a bit higher than others. Companies are ready to pay a high amount for your service when you an expert in the service they are looking for.

2. Be clear about what you offer

Another important decision you have to make as a freelancer is about your service offerings. You must have a clear idea about what services you offer and what services you don’t. The more specific services you offer, the more expertise you build on that service.

3. Who and where are your clients

Before you start finding clients, you need to be clear about who and where are your clients. It will help you find the clients more easily. Let’s take an example, if you are a content writer, you will be probably pitching to bloggers and digital marketers. They are the ones who can provide you a ton of writing work. Going more specific with the service, if you are a content writer who writes on pets, then your clients would be pet bloggers and influencers.

4. Build a portfolio

Another important step comes in the process is building a high-quality portfolio website. The purpose of building a portfolio is to help your potential clients understand your skills & expertise and convince them why you are the perfect fit for the job. A portfolio website is the best way to showcase your knowledge and expertise in the service you are offering. With the increase in competition in the freelance market, to get freelance jobs, you have to show up where your expertise is.

5. Use freelance sites

There are so many freelancing websites out there where you can sign up and start providing your freelance services. These sites can play a major role in providing you enough work when you are starting out. Depending on the freelance services you are providing the selection of sites will differ. Some popular freelance marketplace sites are Upwork, Freelancer, Fiverr, 99Designs, and Guru.

6. Start freelancing  before you quit your job

What many people make mistake is they quit their job even before starting freelancing. You don’t have to do the same thing. Before you think about quitting your job, make sure you have at least 3-4 steady clients. And, make sure your freelance income is of at least 50 to 70 percent of your present income before you think about leaving your job.

7. Level up your skills

In the freelancing world, your skills are going to help you find the work. When you have pretty good expertise in a particular skill, companies are ready to pay you a good amount of money for your service. In short, the more skills and expertise you have, the more money you can make.

 

The career in freelancing is booming nowadays. People want to work from the comfort of their homes. To help you get started with this career, I shared the complete process on how to make money through freelancing.