Infographic Category Business

The Truth About Freelancer Income

By | source:Here Jul 27th, 2019

Wouldn’t it be great to choose your own hours, have time to engage in your family life and hobbies, without worrying about decreased income? Well, for some people, that’s what freelancing can do.

That said, successful freelancers aren’t a majority. Many people do well enough to make freelancing a side income, but living solely from freelancing can be difficult for many.

In short, the key to being a successful freelancer lies in knowing your skills. Basically, if you’ve ever been paid to do something, you can also be a freelancer doing exactly that.

It’s important that you narrow down what services you will be selling, who you want to work with (AKA your ideal clients), as well as the price and possible packages for your services. It’s worth it to do a bit of research as to how much other freelancers in your area are charging for the same services you’re providing. If you underprice yourself you might risk constantly struggling to make ends meet.

When thinking about your rates, take into account that you will have to pay taxes for your new freelancing income. Take aside 30% of your total revenue to pay taxes, and adjust your charges accordingly.

Next, it’s time to set your online presence. This can be in the form of a portfolio on your own website, as well as social media accounts. Now, you’re ready to get some clients! You can either go to online marketplaces specifically dedicated to connecting businesses and freelancers, or you can advertise your services on other platforms like Facebook or even Twitter. Soon enough you’ll have more clients than you ever dreamed of!

If you want to know more about how much income you can really make as a freelancer, check out today’s infographic!

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