What is Freelancing and How to Start

Introduction to Freelancing For Newbies

Freelancing is by far one of the most lucrative opportunities on the internet. This is the best time in history to become self-employed as a remote worker. Nevertheless, you must understand a few matters of becoming an independent contractor for obvious reasons. But first, you must understand why you want to pursue this type of opportunity. It would be easier to find opportunities once you determine your purpose.

Freelancing Pros and Cons

What is Freelancing?

When it comes to on demand workers, the term 'freelancing' refers to an self-employed individual who is not committed to any particular person or company. In other words, the worker is in business for himself or herself. These independent contractors provide services for businesses or individuals.

What Do You Need to Become a Freelancer?

What do you need to become a freelancer?

(Business Plan) For beginners, when you're working for yourself, you should always create a business plan. A business plan should be drawn up to set goals, time frames and marketing strategies.

(Website) A website is not required, however, it can be of use. You can use your website to provide examples of your work, contact information, testimonials, photos, and whatever other information you decide to display. A website will also help your business grow.

(Portfolio) Next, you will actually have to build your portfolio. Building your portfolio helps you establish credibility. Of course, you need to build your credibility to get noticed. Building your reputation is something that you will be doing the entire time while working online. You’ll earn more cash in the long haul.

(Social Profile) Creating social profiles can always be of use. A social profile gives you a platform to connect with your clients outside of the service provider. In addition, a social profile allows your current clients and potential clients to get to know you on a personal basis.

(Bank Account) For the most part, companies pay members through direct deposit. Therefore, you will need a bank account in most cases. However, there are companies that still pay members via PayPal. It is free to sign up for a PayPal account. Once you receive deposits in your PayPal account, you can transfer the funds to your bank account.

(Taxes) No one wants to owe the IRS at the end of the day. Therefore, it's critical to be ready to file a 1099. Once you earn $600, you are required to pay taxes. Every state is different, therefore you should look up the tax requirements for independent contractors in your state.

Advantages of Freelancing

Why is freelancing valuable? Most countries on the planet experience economic meltdowns at some point. For this reason, several individuals have found themselves finding ways to be their own boss. For the most part, most people don't have enough money to launch a startup company. Therefore, many individuals are finding themselves pursuing freelancing opportunities.

Furthermore, freelancing has helped individuals in many ways; they earn extra income, have a peace of mind and become financially independent. There are many benefits to being an independent contractor. One of the main benefits is there are no limits to the money you earn. The more projects you complete, the more money you earn. Secondly, there's not a boss telling you what to do. The only boss is you. Thirdly, you can work at your own pace.

Disadvantages of Freelancing

Nevertheless, there are a few downsides to independent contracting. These opportunities do not come with medical plans, dental plans or a retirement package. Therefore, you should be careful how you manage your money. In addition, most companies will pay you less than your counterparts. Most companies or individuals hire freelancers because they don't want to pay professionals. This is why it is highly recommended researching these opportunities. By researching, you can prevent being paid less than what you'd normally earn.

Does it Cost?

To be honest, you will not need money, but you will need to invest time. Any opportunity that you pursue requires time, unless you pay others to do the work for you. To tell the truth, most freelancers spend more time working than people working day jobs. Additionally, it is wise to research when you pursue internet opportunities. The research by itself takes endless amounts of time. It may take much time, but research is vital for success.

You can network with thousands of authors worldwide working from home by joining this network. Networking with fellow authors will help those who have questions seeking to learn more. Most sites usually have forums for members to network.

Types of Jobs

The types of freelancing jobs include;
  • Business - virtual assistance, business planning, business advice, consultation, legal consulting, presentations, market research, analytics, data entry, product research, market research along with others.
  • Digital marketing - search media marketing, search engine marketing, consultation, on page optimization and content creating.
  • Lifestyle - arts and crafts, relationship advice, viral videos, astrology readings, gamer coaching and online lessons.
  • Music and audio - mastering, mixing, singers, songwriters, vocal tuning, producing, podcast editing and more.
  • Programming and tech - website building, mobile apps, eCommerce development, game development and web programming.
  • Freelance writing and translation - resume writing, cover letters, case studies, articles, blog posts, and technical writing.

Where Can You Find Freelance Work Opportunities?

There are several platforms that you can use to find work. You can find freelance work online and offine. Search engines are the best resources for finding work. In addition, you can find opportunities on Craigslist. Some employers list local gigs on Craigslist under the jobs and gigs section.

It is recommended to pursue opportunities that suit your skill-set. For instance, some platforms are seeking bloggers, whereas others are seeking marketers.

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