25 December, 2011

How To Earn More Freelancer Income ?

Freelancing is a sort of working independently, self-employed and is not under any commitment to a particular employer or company. Freelancing is what most people prefer to do since you control your work time and your job as well.

With this, many employer prefer to hire a freelancer since they do the job quickly and is more efficient since payments are done after the work is done, thus forcing the freelancers to get the job done as soon as they can. Hence freelancing is classified as Work and Earn model.
In this beginner article, i will take through the methods or tricks which helps to earn more income by freelancing.

Basics on Freelance income.

Payments usually differ from each other and sometimes based on your work.
There are payments such as project based, hourly rate, fixed price and some do offer payments when you reach a certain milestone.
These payments also has sub-categories like paying freelancers 50% and the rest upon completion or percentage upfront or whole payment will be done upon completion. But these rates and payments are also based in what both parties have agreed and signed in a contract.
Contract is essential since it is the proof of your agreement so if you are an employer better place that contract in a safe place and this also goes for freelancers.push button for freelancer showing Find Job

Work Load and Time Frame.

Before being hired, employer and the contractor will discuss the project and its details. Exchanging ideas on, how to make the outcome high standard and sometimes talking about when and how much work can a contractor do within the given time frame?
  • Time frame is important since all work should be done and should produce outputs which earns money for the employer. Time frame also differs depending on what kind of job was given to a freelancer or contractor.
Example, if you are given an article writing job, then turn around time will be less than 1 week, if the load is not that much while programming jobs may take up to 1 month before finalizing and submitting it to the employer for checking.
  • Workload on the other hand is the amount of work given to a contractor. Again, it also depends on what kind of project is given. Article and editing jobs can be given more loads while programming is constant to a single load due to its complicated way of getting it done.

Pleasing your Employer.

Pleasing your employer can be somewhat difficult, if you are not focused on your work.
Without focus and self-orientation, your work can turn out to be a disastrous one, believe me.
  • To please your employer, do the things that needs to be done and agreed before they hired you such as producing high quality work, delivering it to them on time with less errors – that is why you should always proofread your articles (for article writer) and double check it (for programmer and writers as well), before finalizing it and submitting it to your boss.
In this way, he or she will see your extra effort and will be pleased on the extra steps you did to save them time and money – beware not to overdo it since some employers tend to get mad when contractors do things which are not told to do.
Happy employers trend to pay good and it builds long term relationship which gives you more work opportunities.

Importance of Self-Management.

For a freelancer to increase his online income, self-management is important. When i say self-management, it includes Time Management and Work Management.
The amount of quality time that you spend for a freelancing job decides your income. When you spend more time, you can earn more.
So plan your time.
If you are working as a part-time freelancer then you must plan your day. Based on the work load, you must allocated time so that you can complete the assigned jobs on-time. Learn these time management techniques specially defined for freelancers.
  • For example, if you need 2 hours per day to complete the assigned job – do plan for it and stick to your timings. This way, you won’t get into the trouble of not completing the jobs – also, you can do more work on week ends so that you can easily increase your income. Hence practice to manage your time, it pays you back well.
Next comes, Work Management which involves, what job you choose ? how do you prioritize the job ? basically, the work strategy.
Without experience, you could not gain this management skill and this is one of the required skill for a freelancer.
You must be able to pick the right jobs based on your knowledge and more important, the confidence to complete the job.
Similarly, when you are doing parallel-work, you must be able to prioritize the jobs.
  • For example, if you are engaged in 3 jobs at same time, you must be able to allocate your time based on the Job Complexity as well as the Employers Expectation. Similarly, if you are engaged in a highly complex job which needs more dedicated time to complete then stick only to that job – don’t get into a mess by putting your leg into multiple jobs.
However, when time passes you will understand the importance of Time and Work management and also, you will get practiced well which pays you back based on your own efforts.

Building your own Online Portfolio.

For a freelancer, portfolio is vital and it helps to show your expertise to every one.
Not only inside a freelancing web site, you must also create a portfolio outside the freelancing web site.
  • For example, you can setup your own blog and put all your work samples, experience in it. You can tell people that you are available to serve them best. This way, your online reputation increases which creates lot of exposure to your profile. Chances are high that many people will come to hire you and you will be in demand.
You can also hire some other freelancers to work with you as a team.
This way, you don’t need to dependent on freelancing web sites as well as your online income increases day-by-day. Don’t miss this excellent opportunity to get more exposure.

Conclusion.

To sum it all up, there are different factors that need to be taken into consideration to earn more freelance income. Money as we all know can only be earned, if we work hard and by working hard. You are actually doing the right thing and not just for the sake of having some employer pay you – practice to manage your time and work load, efficiently and effectively.

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