3 Steps to Starting Your First Freelance Business

I’m not going to sugarcoat it, sell you rainbows and unicorns, or tell you that if you become an entrepreneur you will instantly become rich.

And I’m not going to tell you that it’s easy. Starting your own business is hard. The biggest component of success is a high risk tolerance.

I have repeatedly struggled to find my location, pay the bills, and set everything up before finally finding an effective formula.

Creating your own business is easy.

It is a business venture that takes time and energy. No matter how great your idea, it will not swell by itself. You have to nurture it.

And that is the problem. It takes time to nurture. Lots and lots of time, attention, care and energy.

My goal is to help you use your digital energy to make as little money as possible. Create products, share value with people, make money. But it’s not always a linear process, is it?

So how do you transition from a corporate employee to an automated / digitized entrepreneur without being destitute?

You need to start with the middle ground: Freelancing

The bottom line is this – you need your time to set up your business. Most corporate jobs have schedules that don’t really allow for the time needed to build your content, products, relationships and skills.

The word “freelancing” may sound scary – but the idea is simple.

All you have to do is find the skills you already have, then look for people who will pay you for those skills. Before you know it, you’re doing business.

Here’s how it works.

Step # 1: Make a list of your skills

What are you doing now that someone is already paying you?

Are you offering a large company that can offer the same services to individual clients?

The reality is, if you currently have (or have) Never Had a job, you have already proved that you can provide a service for which people will pay.

In this case:

  • If you are an administrative assistant, your organizational skills have a good chance of being useful to clients.
  • If you are a web developer, you can definitely help people create side projects
  • If you are an accountant, you can help clients with their taxes or small business with their accounts.

These are just a few of the ideas for getting your brain working.

If you’re still having trouble coming up with an idea, I’m running one Free class on Thursdays to help.

Step # 2: Determine what people are paying for the services you provide

It’s easy to get caught up in the price. In the beginning, no one knows what they should charge!

Remember: the actual value of your service Is not How much money a company pays you directly (your salary / hourly rate) – how much they charge you for providing these services.

The cost of the end user is yours True The value

Consider this scenario:

You are a paralegal who gets paid $ 30 / hour for pre-litigation and litigation.

How much do you think clients are paying the firm for your work?

I guess the firm probably pays the bills to the clients At least তাদের 150 / hour for you to handle this task on their behalf.

So now you know that your time is worth at least $ 150 / hour.

That means the firm is charging you $ 120 in “investigator fees”!

Hmmm … looks pretty steep, don’t you think?

Can’t you just take those same skills and make money on your own?

One way that comes to mind is filing a divorce.

The divorce process is expensive (it can cost hundreds or even thousands to file), but in reality, most paralegals know how to do it.

Maybe you can open an “express” business so that this very specific service can be offered for a good rate.

Obviously there is an endless market for this !!

(And God, what people are willing to give!)

Step # 3: Finding Clients (Hint: They’re Everywhere)

When you first start, the two easiest ways to find clients are through partnerships and the Freelance Job Board.

How to find a partnership

Building partnerships with people who need your services and already working with your ideal customer is literally the fastest way to get a flood of instant clients.

The key is to pay other businesses a hefty price for their partnership.

Provide a service that makes other businesses look really great to their customers and they will reward you with a mountain of referrals.

It’s all about win-win.

For example:

  • If you are a personal trainer, you can partner with local apartment complexes that have a gym to host classes for residents.
  • If you are a web developer, you can partner with graphic designers to help their clients create websites.
  • If you are an algebra tutor, you can partner with local schools and after-school programs to help their students.

The possibilities are endless – but some of these connections require you to be willing to think outside the box.

How to use a freelance job board

There are dozens of websites designed specifically to help freelancers find work and get paid.

Is the most popular Upwork. Here’s a quick guide to Upwork Connect.

Such sites are fantastic starting points. Your clients shouldn’t think of them as a “permanent” solution for finding and growing your business – but they do offer some powerful benefits for beginner freelancers:

  • They help you become comfortable with the idea of ​​selling your services, change your offer and understand what clients are looking for.
  • They help you refine your pitch.
  • They help you overcome the fear of rejection and build confidence – and the initial feeling of success, even if you only book a few small jobs.

Get there and get started!

These ideas are the tip of the iceberg when starting a freelance business!

Anyone can do it. What’s holding you back?

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