One of the most rapidly growing so-called “self-employed occupations” is indeed freelancing. The only problem is that some freelancers struggle to make $50,000 a year, while others take home a salary that is well over six figures. Upon coming to this realization, freelancers tend to ask themselves “What am I doing wrong?” or “What can I do to make more money as a freelancer?” Well, this article will include the 8 best ways to make more money as a freelancer in 2017 simply because virtually all of the means to make more money as a freelancer can be combined into 8 well-constructed points.
So let’s begin.
1. Set income goals:
The most important thing that all freelancers must do if they wish to make more money is set income goals. This does not mean saying “Okay, I will make one million dollars this year.” Setting income goals means setting daily financial goals based on the amount of work being requested. For example, a new freelance writer could set a $100 per day goal, which would lead to a minimum of $36,000 per year. Remember, these goals can also be superseded by making more than the set amount per day. They are established to create a steady flow of income, sho growth over time, and motivate every freelancer to work harder.
2. Be able to negotiate
The second thing that all freelancers must understand is that being self-employed means negotiating on a day-to-day basis. When dealing with new clients, they will tend to offer a set price for a particular article or service. You must take the initiative and ask for more money if you feel that the price being offered is unfair.. At that point, the requestor will either decide to pay more for the article/service or will decide that they can not pay more than the original offer. By doing this is sends a signal to the requester that you value your time. Additionally, it mathematically increases your chances of earning more money as a freelancer. Remember your set income goals and decide whether the amount of money being offered is indeed worth your time.
3. Time yourself
As previously mentioned it is important to set goals and to keep those goals in mind when negotiating the appropriate price per word or price for a particular service. Another factor that must be taken into consideration on a daily basis is the amount of time it takes to complete a particular order. For example, you may be able to complete 4 $50 articles in 2 hours and then have a $200 article that takes 7 hours to complete. You must be able to prioritize your work and decide when certain articles or services simply take too much time to complete. This will allow those set income goals to be met and in many cases superseded.
4. Expand your horizons
It might sound a little cliche to say “expand your horizons,” but as a freelancer it is crucial simply because it allows more clients, which means more money. The best way to do this is to open yourself up to requests that are outside of the U.S or outside of your country. By doing this, you have the potential to reach billions of other men and women that need articles or services performed just as bad as those in your region. “Expand your horizons” can also mean learning new things and accepting new tasks based on the new information you acquire.
Every freelancer knows their strengths and weaknesses. However, there are instances where you will end up accepting a job that exceeds your particular strengths. This is why you must be able to collaborate with other freelancers and form an agreement that essentially states that you will anonymously help them if they do the same for you. A perfect example of this can be seen by looking at virtually any magazine. The individual that constructs the factual points and message of the article will typically rely on another writer to help spruce up the article and add a more readable article, which is free of technical jargon.
6. Think proactively
One of the ultimate goals of a freelancer is to gain the trust of their clients. Gaining this trust leads to more money as well as fewer issues for that particular client merely because they do not have to reintroduce themselves to another person that they do not know or trust. The easiest way to build this trust and establish a bond with your client is to toss ideas at them and offer to help them on particular articles that you know you are good at. For example, you could be hired to write homepage content for a new client’s website. You could write that content and then offer to help them complete or re-write another section of that site. Remember that you can also take on topics that are a little out of your comfort zone if you know men and women that are willing to collaborate with you.
7. Get serious about your money
One thing that stops great freelancers from making money is their commitment to one particular client. For example, a customer may be refusing to pay for a rather lengthy article because of one of two minuscule mistakes such as a comma missing or an inappropriately placed semicolon. At that point, you must contemplate whether the client is reasonable. If you feel that the individual is obnoxious, then you have the power never to write for them again. This ends up saving money because it saves time or in some instances the client will come to the realization that they need you and decide to pay more or excuse the minute mistakes.
8. Take it up a notch
If you follow all of the above steps and still fail to meet your income goal, then you might want to consider exploring additional revenue streams that are highly dependent on your particular ability. For example, you may specialize in business writing and choose to teach an e-course on business writing. You will likely find that your writing strengths can stretch far beyond just articles. In many cases wildly successful products are the result of a great freelancer crafting a program that relates to health, fitness, or their particular niche.
Embrace self-employment – Craft your own future:
Now that you know 8 ways to make more money as a freelancer in 2017 your future is simply a matter of following those 8 steps and being patient. A wise individual once said “experience is the teacher of all things” and experience has shown that these 8 ways to make more money as a freelancer in 2017 increase revenue significantly when they are employed by both short-term and long-term workers. Remember that time is money and you must respect your time as a freelancer because it is absolutely representative of your financial well-being.