In the past three months, how many times have you cursed your boss for telling you what time you have to work, the work you do, or your long coffee breaks? If it’s more than a dozen, maybe it’s time for you to do it yourself. While the concept of not having a full-time job to pay the bills may seem daunting at first, the rewards can make up for it. Freelancing is actually easier and more profitable than working full time. Ask someone.
The first thing to do is figure out what kind of freelancer you want to be. Writers, photographers, software programmers, product reviewers, researchers; they are all examples of how to become a freelancer. How do you define your career? Here are the important basic steps:
Find your niche
You have to figure out where you plan to try things on. Do you prefer a career where you don’t have to go out and interact with people? Then you can simply exclude your career as a wedding planner. As an internet enthusiast, you can sit down and build a truly profitable career online. Where is your talent? Make a list of all the things you enjoy doing and the skills you have acquired over the years. Then you can make an informed decision.
There are many freelancers who are currently declining because the demand for these services has decreased and the supply has increased. The trick to having a profitable career is to do research and embark on a relatively unknown but highly rewarding career.
Is it right for you?
After completing the first two steps, you should consider your career options. Is it feasible in all situations? A work-at-home mom might certainly fit the writer’s niche, but can she inspire her creativity when her kids need attention? Freelance wedding planners should be able to travel at any time. Does this create tension in the house? All in all, the career you decide to choose should be socially and economically viable for you.
Quitting Your Full-time Job For Your Freelance Career
It’s 6pm and you’re so tired, but instead of staying up late, you’re doing your “second job” – your freelance job.
Between writing articles, researching new tasks, and issuing invoices for work completed, you might even think it’s past midnight before you go to bed. How long can you keep it up, you want to know? If this sounds familiar to you, it may be time to quit your job and focus on your freelance career full-time.
One of the best ways to be successful as a freelancer is to start a part-time job while working full-time. But when did you know it was time to quit your job?
The following checklist will help you decide if it’s time to transition from an employee to a full-time freelancer.
1. Money: If you started freelancing with the goal of quitting your full-time job one day, the plan should include setting aside income for that day.
Have you set aside six months to a year’s worth of expenses? Does your company provide a stable income? If you can spend 15-20 hours a week on it, can you at least double what it’s yielding now?
Looking back at the one to two year numbers, you should have enough data to make some smart (read, conservative) predictions. Don’t have at least 12 months of income data to analyze? Then my advice is don’t quit – unless the company exceeds all expectations and you actually make a profit.
Bottom line, if you’re putting aside six to 12 months of expenses and don’t rely on your freelance income to pay for your expenses during this time, then it might be time to consider quitting, or at least moving out of position. change (e.g., part-time work and full-time freelancers).
2. Time: Does your freelance work require more than four hours a day? Do you work 6 to 7 days a week to maintain the workload?
If this is true, and you already have a steady stream of projects, then maybe it’s time to take action.
Please note: freelancing comes with ups and downs. Just because projects are queued doesn’t mean they will deliver results. If these are stable customers and almost always have a source (that is, they make annual reports every year, and you do them for the past two years), then you can “safely” rely on revenue.
However, keep in mind that the bulk of your revenue will not come from 1-2 customers. Before you even consider taking action, get 6, 7, 8 or more stable customers and continue marketing to acquire new customers.
3. Quality of life: If your quality of life is only affected by 24 hours a day and you need 56 hours, then it is definitely time to consider quitting smoking.
If you’ve been working instead of spending time with family and friends, both sources of income will suffer. If your freelancers are buzzing on training wheels, it may be time to get started.
What exactly does this mean? This means you get up and invest 8, 9, 10 hours (at least) every day to expand. I remembered the phrase, “An entrepreneur [freelancer] works 16 hours for himself, so he doesn’t have to work 8 hours for others.”
If you decide to freelance full-time, this is the place to take off your gloves; where is the real job. Here are some general guidelines to follow during the transition:
Leaving your job in good terms: This means submitting appropriate notices, providing training alternatives, and being on standby to complete special projects – at least let your former employer know that you’re a professional and won’t get them in trouble to leave.
After all, you never know if/when you have to return, whether your company can refer customers or become a customer itself.
Prioritizing: It is much more difficult to manage yourself than under the guidance of others. Get into the habit of writing down a list of things to do. What works for me is that at the end of each day, I write down on my schedule the work I have to finish the next day. Usually this isn’t the case, but at least I have a plan if I get lost or feel, “What should I do now?”
Eat wisely and exercise: If you don’t take good care of yourself, you put all your income at risk.