How I increased my income by 10x by freelancing
I’ve been freelancing for over a year now, and it has changed my life. I went from making an annual salary of $50k to more than $500K in the last year. What’s even more interesting is that this income increase happened in the very first couple of months of starting my freelance career. It was a thrilling time!
1. I’ve always been interested in freelance work.
I was thinking at the time that entrepreneurs were an entirely different kind of. It was not something that appealed to me. They did appear to be workaholics who spend every waking hour working at their desks or in meetings with their clients. After a short period of time as an employee, I was aware that I needed to make a change. There was just too much stress, and there was not enough enthusiasm from my job. One day, I was scrolling through Facebook […]. It was awe-inspiring to see how many people can do this without having to adhere to corporate guidelines and regulations. They are making money online, not being restricted by them. Of obviously, it’s impossible to imagine how you’ll be successful without some work and effort; however, the rewards were worth it.
2. It took me 3 months to locate my first client.
It took me a while to build my website and find the keywords I wanted to target, and then start communicating with others who have similar desires. The most important thing is not to give up! It’s impossible to anticipate immediate results. You need patience and diligence as you’re just beginning. After three months of constantly looking for clients (and rejecting projects that weren’t suitable for your abilities), I finally got my first client, who paid me $400 per month.
3. The best way to get clients is through referrals.
I won’t lie. It was hard to find clients for the first few months. I didn’t have any acquaintances that could aid me. It is essential to be involved in the communities where your potential clients are hanging out. If you are a skilled writer, it is important to be a part of writing groups. Web designers and developers must also be involved in these online communities. If someone inquires about your abilities, don’t hesitate to offer them some help even when they aren’t paying yet because it will open up more opportunities down the road!
4. My freelance work has given me to gain new skills.
The more you work with clients, the better you will become at the work you perform. I began by working on copywriting projects but then realized that this wasn’t my forte since I didn’t possess a talent for sales-related topics, so I stopped taking on projects that dealt with this. However, since creating websites was something that enticed me and which paid pretty well, hiring developers became one of my main interests! Today, I can easily offer a price estimate to anyone who asks how much it would cost me to create an online store or marketplace websites like Amazon or eBay. I have done sufficient research over the years, and most importantly, practice makes perfect. Being able to switch gears is definitely an important characteristic you’ll need in order to be successful in this field.
5. Tips for becoming successful as a freelancer
Start out small and take on projects that are in line with your abilities. It’s not recommended to work with too many clients and then not be able to deliver the level of service they require due to the fact that you’re overloaded. This is a recipe for catastrophe! It’s a recipe for disaster! Keep track of your earnings and expenditures. This will enable you to keep track of your expenses at the end of each year, and that will mean less tax in April.
6. What is it like being a full-time freelancer and not an employee?
There are certainly pros and cons to both. But here’s what I can say that I don’t have any bosses who are constantly on my back and calling me each half-hour about some small problem that has nothing to do with work (and it happens even if you’re a mere employee). That means you must take more responsibility, but it also gives you the chance to become a professional. You can decide how much effort you put into a task or how you learn new methods and skills. Then there’s money! What is the best part about freelance work have complete control over how much I get every month, dependent on how hard I have worked.
7. Future of work and what we should be prepared for.
What’s the future for work? We need to get ready now to be successful in this field. This means getting new skills and knowledge, creating customer bases (and not simply taking on projects), and ensuring that we have enough funds to cover any unexpected costs. Keep your eyes open as everything is always changing. You are able to either not pay attention or embrace it; however, whatever you choose, don’t be afraid of it because looking back on my life 10 years down the road, having embraced changes head-on will definitely make me happier than someone who lets opportunities go through without ever making an effort. Best of luck in your freelancing career!
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