More than 57 million Americans identify as freelancers, meaning they pick up freelance work rather than working full-time for one employer. The so-called ‘gig economy’ is full of freelancing jobs. Artists, writers, designers, and delivery drivers can all be freelancing jobs.
As more people look to become a freelancer, there are things to know to make your career choice a success, including analyzing your professional network and ensuring you have the proper insurance.
Here are five things to look out for as you become a freelancer.
1. Analyzing Your Professional Network
Becoming a freelancer means you must get freelancing jobs on your own. Do you have an excellent professional network of industry types that you can lean on for freelance work?
Attending chamber of commerce events and industry workshops are two of the best freelancing tips as you expand your network. Freelance professionals must also have a visible social media presence.
2. Getting Insurance
Self-employed workers who are freelance professionals should have the proper business insurance. Insurance protects you and your new career path.
It’s a good idea to have general liability insurance should there be a lawsuit. Becoming a freelancer might also mean having an office in an off-site building. Commercial property insurance should be a consideration.
As a freelancer, you should also have group health insurance. If you need insurance for the self-employed, be sure to contact a knowledgeable professional.
3. Being Organized
Organization is one of those freelancing tips that is a must! A well-organized filing system, desk, and computer will boost your productivity.
Dedicate a separate room or space in your home where you will become a freelancer. Set specific hours of the day for your freelance work. If you are still working a full-time job, give yourself enough time each day to manage each schedule.
4. Managing Money
Freelancers are not dependent on one company for their salary, so you must prepare to have enough cash flow to survive.
Are you transitioning from a full-time job to full-time freelancing? Be sure to build up a reserve fund before making the switch. A buffer is a great way to have enough money for living expenses as you become a freelancer.
5. Working Solo
A recent survey found that many people feel secure working independently. Avoiding distractions from electronic devices and family members is key to getting work done throughout the workday.
Working solo comes with challenges, including loneliness and a lack of structure. Others feel it brings unlimited opportunity and being your own boss.
Things to Consider Before You Become a Freelancer
Before you become a freelancer, several things to consider include analyzing your professional network, getting insurance, and being organized. You must also know how to manage money. Additionally, do a self-assessment to determine if working independently is right for you.
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