Are you ready to get started as a freelancer? I’ve been doing it for 13 years and it most definitely has benefits, There might be a few issues in this business model that could take you by complete surprise though if you don’t do your homework. The points to consider as a freelancer might help you get started with that research.
Wait, What Did You Say About Tax?
When you operate as a freelancer, you will need to pay tax. Actually, the paying part is fairly typical. It’s the management that becomes an issue and it has the potential to get a lot of freelancers into a whole heap of trouble. Firstly, it’s important to remember that your money is taxed. You need to work this out as soon as you start earning. Otherwise, there’s a strong chance that you’ll accidentally spend your tax money. In the past freelancers have tried to argue that they can’t afford to pay tax and this doesn’t work. The money doesn’t belong to you, it’s the governments so it must fit in your budget.
The start of this process will always be to keep an accurate record. There’s a lot of work to be done here and it can be quite complex. So, why not make it easier on yourself by using accounting software? With this, you will be able to immediately and accurately find out how much you are earning. You can then use this information to fill in tax details online. I outsource my accountancy to an accountant yet still need to use this type of software.
Make sure that you are getting noticed online. If you want to avoid spending a lot of money, you might try to build up your professional profile yourself. One of the ways that you can do this is creating a presence across social media. It’s not as complicated as it sounds but you could still get lost in the shuffle. Don’t forget, you’re not the only person looking to make an impression as a freelancer online. There are hundreds of thousands of people in your industry taking the same steps.
If you want to avoid the issue here then we suggest that you think about joining a platform that will allow you to immediately reach eager buyers. There are countless platforms that clients rely on to find the support from freelancers that they require.
Points to Consider as a Freelancer: That’s A Little Low
Of course, you’ll face another problem and that’s completion on the market. It’s quite possible that you have another person vying for the same client as you. This can start a bidding war where the client has all the control. Rather than bidding up, you’ll have to bid down until you reach a price that your competitors can’t afford. This does happen quite a lot on the freelance market so you have to be prepared. It’s why many freelancers choose to work through an agent or company. Of course, you can charge what you like, set prices, offer bespoke pricing or generally approach this issue whichever way works best for you.
The Client Is Always Right (Even When They’re Not)
This is actually a myth. You have to be prepared for the danger of a client rejecting your work and demanding that you do it again. This can occur after you have spent hours and hours on a project. Some freelancers may feel that they have no choice but to oblige here. I find that a strong brief in advance and a contract which details how many tweaks or amendments that you will do goes a long way. A good way to avoid a problem would be to make sure you are staying connected with the client and updating them, providing them with examples of your progress. That way you can make sure you’re on the path they want you to follow. Don’t be afraid though to listen to your gut and if necessary end a relationship with a client. Sometimes it just has to be done.
As a freelancer you have control over the way that you work, your prices, who you work with and how your business is run. Start with these few tips to get the ball rolling and to make sure that you are on the right track.