Self-Employment or Freelancing is becoming the latest trend in the
business world. With time, more people are interested in leaving their 9-5 job
or even don't want to join the traditional jobs; instead, they want to start
their own startup or work as a freelancer.
Sounds
Exciting, right? Indeed it is, but being a freelancer is not an easy task.
Developing a business on your own or delivering the services in today's age is
quite challenging. Wondering what those challenges are? Here, have a look!
·
Identifying the legit clients
While going
ahead on your freelancing career, you might come across several clients. Not
all of them will be pleasant. Some clients might be more demanding and willing
to pay pennies for the work, some might be quite harsh on the deadlines. More
than 90% won't agree to pay an advance. Some clients might even ditch after
taking the work, leaving you with no pay at all.
Alas, there
is no hard and fast rule yet to deal with this, you need to develop the skills
to tackle them all.
·
Working with different time zones
Being a
freelancer, you will be working for clients globally which will let you
experience new things as well as new work cultures. You might be working for
clients in different time zones and still have to meet the deadlines.
How to do
that? Improve your efficiency and deliver the expected work on the set
deadline.
·
Hunt projects or clients
This is the
biggest issue with freelancing. Each day number of freelancers join the community
making it really hard for the serious ones to get the project. There are
several portals, Upwork.com, Freelancer.com, Guru.com, etc. Still, the
competition is getting hard each day.
What to do?
You need to be patient, grow your network and build your connections to get
legit clients.
·
Tackle various payment methods
Payment,
the one thing each freelancer is working for. Make sure that you are familiar
with the different payment methods since you will be getting work across the
world. Some of the commonly used ones are PayPal, Payoneer, etc.
Ask about
the payment method in the start only; maybe some methods are suitable for them
but not for you. So, keep it transparent at the beginning only, else you have
to face the consequences later.
·
Negotiation
Most
clients want to take advantage of freelancers by asking them quality work but
offering them unfair pricing. It's tough to get a client who is paying better.
In case you get one, be a great negotiator and do not lose the client due to
payments.
Verdict
When you
choose to work as a freelancer, you became your own boss. You have to decide
for yourself as well as for your firm (if you have any or thinking to build one
in future), from pitching clients to getting the project, completing the work
to getting paid, managing your financials, and so on, is all your headache now.
Overcome all the challenges and become a successful
freelancer!!
Team, TRM!
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