How to become a successful freelancer
Business
We’ve all thought about it, having no one to answer too, the freedom to work as and when we want. Ah, the dream! But what does it take to become a successful freelancer? Passion, determination and time, lots of time! In the early days, freelancing can be time-consuming especially when you’re trying to build up a portfolio of clients; you could find yourself working all hours of the day.
So assuming you’ve got an idea your passionate about or perhaps your already freelancing its time to decide whether freelancing will be a side hustle or a full-time job. You should define clear business goals and check in on them from time to time to make sure you are on the right track.
6 min read
Identify Clients
Finding the right client is just as important as finding your niche. People often point out to clients to make sure they find the right freelancer, but there are warning signs for both parties. When starting freelancers tend to be more lenient and use online platforms to secure work. Platforms like PeoplePerHour are great, but there are some people to watch out for. Entrepreneurs who don’t know what they’re looking for tend to mess freelancers around can be unresponsive. Unfortunately, there are also fraudsters online who will try to take the agreement off the platform, they’ll promise to pay you a better rate but then once you’ve completed your work they are no were to be seen. Make sure you identify your target client to minimise these risks. Decide the industry you’d like to work in, for example, you’re a content writer and want to be in the fashion industry, but maybe you only want to write for non-profits.Set an affordable rate
What is affordable? That’s a big question, and it depends on what you’re offering. If you’re in the early stages of your career, you may not have much experience under your belt so start out offering a price that reflects your experience and quality. One way to decide your rate would be to take your current annual salary, work out your hourly rate and set that as your lowest hourly rate. Clients will always want to negotiate so you’ll need to establish a rate your willing to go down too. Add a few pounds to your current hourly salary and set that as your desired rate. You can increase your rate as your expertise and business grow.Always sign a contract
A contract is a legal agreement between yourself. A contract also offers your client assurance. Your contract should clearly lay out the details of the work you’ve promised to do for the employer and include any requirements from the employer. Things you should include:- Hours agreed or the delivery time agreed
- The price you have agreed on and any conditions where the price may be subject to change
- How you expect payment to be made and when you expect it
- Information about late payments –
According to The Late Payment of Commercial Debts (interest) Act 1988, Freelancers and entitled to claim a £40 late fee upon non-payment of debts. If the payment is not made within a further 30 days additional interest will be charged to the overdue accounts at a statutory rate of 8%.
- If you have any usage rights, you should include these too. Perhaps you still want full ownership of the work, or perhaps the employer is not allowed to sell your work on
- The notice period you require if the client no longer wants your services. Alternatively the notice period you are required to offer the client should you not want to continue working for them