📊Tips for Freelancers pt.1▶️Track your numbers to monitor performance and trends. However, it is really important to maintain an overall view of how well you’re performing.
Even a basic Excel spreadsheet of what you’ve billed each month to each client will help you to spot seasonal trends and notice if certain customer’s workloads are falling.
▶️Take depositsOver time, you gain a sense of how much you can trust people. But the same doesn’t apply to everyone. Always make sure you protect yourself and your valuable time. If this means negotiating that a client pays some money up-front, please be sure to do it.
▶️Always keep in mind the total cost of delivering your services. Whether you charge per project, by the hour, or by the day, the headline rate you charge never ends up in your pocket in full.
You need to think about how much tax you pay, how much time you lose to related admin tasks, and how many other costs you have to think about – which could include anything from insurance cover to software tools.
▶️Stay in touch with your accountant regularly for financial guidance and updates on tax situations.
▶️Avoid over-discounting and hold out for clients who value your worth. But offering discounts as a matter, of course, or because you’re desperate to get work in, isn’t so wise. It’s usually better to hold out for the clients who are willing to pay what you’re worth.
▶️Stay politically aware, even if you run a mile from all things political, you really needs to stay abreast of what’s going on in the the corridors of power if you’re a freelancer.
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