The freelance industry within the United Kingdom was said to be worth an impressive £119 billion pounds in 2016 and this number has likely risen since. You might be contemplating a foray into this sector and the good news is that there are more opportunities than ever before. How can you appropriately leverage your talents and what tips do the experts recommend? Let us endeavour to answer both of these relevant questions.
Knowing Your Objectives
Many professionals understandably assert that it is first very important to define your goals. Will freelancing be a part-time position or is it meant to supply you with a full-time source of income? How many hours a week are you willing to work and are you able to put in the time required to get the business off of the ground? Defining these and other parameters will allow you to focus your efforts in the right direction from the beginning.
Managing Up-Front Costs
There are many instances when you will need to define up-front costs when dealing with a client. How much is too much and what types of figures are reasonable to charge? The majority of freelancers agree that asking anywhere between 30 and 50 per cent of the total price of the project is standard practice. After all, you never want to place a great deal of time and effort into a specific task only to find that the customer suddenly walks away.
The Tools of the Trade
Whether you are working from home or you have just purchased a small office space, possessing the right tools and materials is critical. These will provide you with an organised approach and they also lend a sense of physicality to your personal efforts. Some essential accessories to keep in mind include (but might not be limited to):
- Chairs and similar furniture.
- Office stationery products.
- Everyday items such as pens, pencils and staplers.
- Printers, fax machines and electrical cables.
It is wise to procure all of these materials from the same provider, as you will likely save a great deal of time while enjoying cost-effective options. Online suppliers such as Office Stationery offer a host of options based upon your needs.
Embrace a Sense of Discipline
Rome was not built in a day. It can be argued that the biggest stumbling block of many would-be freelancers is that they do not possess the personal discipline required to succeed. Be prepared for hard work and the occasional setback. These are both part of the growing process and lessons will naturally be learned along the way. Avoid common distractions and above all, keep your eyes on the entrepreneurial horizon.
A freelance career can be exciting, stimulating and financially rewarding. Please keep all of these suggestions in mind, as they represent the ingredients for success. You may also refer back to this article in the future for additional motivation.