Friday, November 25, 2011

Freelancing Money Making Ideas

Freelancing has been around for a number of years now, and is one of the money making ideas that has proven to be very successful for many. Freelancing means completing individual jobs for clients without being permanently hired. Essentially, you are hired to complete work as a specialist, and the employer ( or client) does not have to deal with the cost of hiring you full time.

In order to become a freelancer, one must have certain qualities and attributes, in addition to being skilled in their chosen field. These include:

Organizational skills.Since freelancing involves effectively running your own business, there has to be a high level of organisation involved. The processes for acquiring new business and maintaining good client relationships (referrals and repeat business ) need to be highly systematic.

Self discipline. It is highly important that a freelancing sticks to deadlines, and ensures that they do not waste time . For a freelancing time is literally money. If you lack the self-discipline., then this may note be one of the money making ideas suited for you.

Professionalism. When approaching clients with letters of application, or sales letters, your manner and tone should be highly professional. Clients, whether they are magazine editors or businesses, will expect you to be courteous and polite at all times. If you are informal or assume some kind of relationship with a client for example, it could well mean that they end up ignoring you or even become offended.

Initial Investment

When it comes to investing money and time, freelancing have the benefit of not having to worry too much about a huge financial outlay at the start. This is one of the biggest advantages of picking a money making idea like freelancing. If the business does begin to grow, then there may be a need for some more advanced marketing as time goes on.

initially though, money is not as important as time. Freelancers have to work very hard to acquire clients and building a reputation. As long as freelancers know the main investment will come from the time they put into building a reputation, they should manage the first few week and months comfortably.

How much can I make?

Freelancing is not one of those money making ideas that pays off immediately. Freelancers should not expect to make millions. However, a very comfortable six figure income is made by the very best in the field.

Which aspect of freelancing you work, in the harder you work the more money you will make. However, some types of freelancing naturally make more money  than others. It is important to understand that freelancers are often guided by the clients themselves.
Freelance writers, for example, are paid what a magazine or other client is willing to pay. once you are established tough, you can set your own rates.

Advantages of working as a Freelancer.

There are many advantages to working as a freelancers, including:

You can work your own hours. Within reason, you can pretty much set your own work day limits. Once you know how much work you have to do, you can work at any hour of the day. This allows for a lot of flexibility.

You can do what you love. If you have a passion, such as writing or photography, you can pursue a freelance career in that field. This is not always possible in salaried life, making this one of the most sought after money making ideas.

You can set your own pay levels. Once you are established and known for good work, you could soon find yourself in the position where you can work less, and decide how much you are going to charge. This is a particularly attractive aspect of the career path.

Disadvantages of Working as a Freelancer

There are disadvantages too, such as:

Pressure. It can be stressful when  you know that you are entirely responsible for the amount of money you make.

Difficult Clients. Sometimes clients may be unreasonable, or not pay on time. This causes a lot stress. There are ways to deal whit this, but a difficult client can cause a freelancer no end of stress.

Services offered in freelancing

Freelancers can offer a wide range of services, although man specialize in just one type. For example, here is a list of some of the services Not that this not a comprehensive list by any means, and you could probably convert any special skill you have into a freelancing career-

  • Writing
  • Photography 
  • Web design 
  • Flower arranging 
  • Accounting
  • Logo design 
  • Programming
  • Link building
  • Translation
  • Transcription
  • Audio/Video editing
Overall, freelancing can be rewarding and exciting way to make extra money. The intent of this article was to provide you with an overview of  what freelancing is all about.

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