Is Your Freelance Business Making You Money? If Not, This Guide Ought To Help
When you are freelancing, you have the opportunity to work with a dozen startups. Those who have just started out, it’s not that easy to find clients and make money especially if you don’t have a portfolio. In such a situation, it is fair to wonder how can I make my freelancing business profitable.
There are some steps that you will have to follow to do that successfully. Let’s have a look at them:
Start freelancing before quitting your job
Before you think of quitting your day job to start making money through freelancing, think again.
Building a personal brand is no easy feat. It takes a good amount of time to build a portfolio. When you are just starting out, you will not have many clients you can rely on for meeting your day to day expenses.
Ideally, it is recommended to leave your current job only when your side income has grown to 50 to 75 percent of your total income. Whether or not you can quit your job also depends on your risk tolerance.
Create a portfolio site
One of the best and proven ways of demonstrating your skills is through a portfolio site. As a new freelancer, you certainly would want to be taken seriously. For that, you need a website of your own that showcases your expertise, tells a little about yourself, your past experiences, and if possible snippets of your previous work.
With a stellarportfolio, your chances of qualifying for a job increase since you have a proven skillset to show to potential clients.
You are going to find yourself juggling between jobs, websites, small projects and some tight deadlines. The only way you can keep your head above water is if you make the most use of your time. The key to success is to learn to become your own personal assistant.
Create a calendar and mark all the deadlines. This way, it will be easier for you to visualize progress. You will be able to manage multiple projects at the same time.
Perfect your pitching
Another thing that will make you successful is your pitching. It is an important aspect of a profitable freelance business.
You need a selling proposal that convinces a potential client that you are the right fit for the job. Your success as a freelancer depends on how well you pitch.
Before you apply to a gig, place all the time and effort into learning about the company. Learn about their needs and then determine how you can help them with your services. Soon, you will realize that in the freelancing world, your success depends on the strength of your relationship with your client.
Determine your business goals
What are your business goals as a freelancer? When you are evaluating a business niche for yourself, you need to keep those goals in consideration.This will help you determine which projects to pitch and which clients to keep.
Becoming a successful freelancer is going to take time and effort. Be sure that you are ready for it.