Freelancing 101: How to Make Money Freelancing

Did you know that as of 2019, 35% of U.S. workers were freelancing? That equates to 57 million freelancers in the United States, which is an increase of 4 million since 2014.

Becoming your own boss and working in a way that works for you appeals to many, which is why so many people start freelancing and running their own business. However, the process isn’t an easy one, and finding your way takes time, but with enough talent and determination you too can become a success.

Read on to find out how to make money freelancing and turn your dream into a reality.

How to Become a Freelancer

The first step to take when it comes to how to be a freelancer is working out what skills and passions you have. You need to find something that you enjoy and that you’re good at. Then you need to do some market research and see whether there’s a demand for your skills and what your competition looks like.

Finding Clients

Making money is at the forefront of most freelancers’ minds. Many choose to get started by looking for freelance jobs online for beginners. Using platforms for freelancers such as Upwork or Freelancer gives you the opportunity to find potential projects to work on and gain clients.

Finding clients can be difficult, it involves a lot of research and guts. One way to find clients is by sending out cold emails and asking if businesses need any help.

However, before you start sending out emails or getting in touch with local businesses, you’ll need to make a portfolio. Combine pieces of your work that show your best skills being put to the test, so businesses can see if you’re the right fit for them. If you have limited experience in your field, then you might need to create a portfolio of spec work to show businesses your skills.

Running Your Business

Once you’ve worked up your client base, you’ll need to start thinking about staying on top of your clients, workload, and running your business. One way freelancers stay on top of their schedule is by using freelance apps such as Apps can help track your invoices, track your productivity, and build your business.

An excellent way to ensure you keep making money from current clients is by asking for retainers. Additionally, some freelancers offer client discount on future work for referrals. 

Some freelancers also use passive income streams to generate more money. For example, some freelancers offer courses and classes to other freelancers for a small fee.

Another way to earn passive income is by becoming an affiliate marketer. Using your business content, such as blogs, you can offer suggestions to your readers and be paid to do so.

Follow Our Guide on How to Make Money Freelancing

If you want to become a successful freelancer then you need to follow our guide on how to make money freelancing. Remember that working with clients and doing work you love is just one option when it comes to securing a freelance income.

Remember to check out our other business resources to learn more about how you can make your freelance journey a success.