Freelancing is the new wave in the corporate sector. New professionals do not anymore want to be cowed down to the orders of their official superiors, and yet they want to justify their talent and potential. As a result, many professionally competent minds are opting to freelance than being attached to any company or organization. In freelancing the subject is his/her own organization.
Since freelancing offers various alluring charms, many more professionals are seen to tend towards it. However, like most other situations, freelancing also comes with its own risks and benefits. Thus, before we actually kickstart freelancing we must understand its ups and downs; and that is precisely what we are going to do in this post.
Do you know yourself well enough?
That is precisely the question you should be asking if you plan to freelance. Freelance is not regular or traditional job wherein you are up for nine-to-five every day up on the weekends. And therefore, it is vitally important that you analyze if the freelancing “lifestyle” matches your taste. You must take a note a few things:
1. Fight the loneliness
You would have to work alone most of the time. You would not have the camaraderie of colleagues, in fact, in most situations, you would never have a colleague in the first place. It would be only you and your client(s). Therefore, if loneliness if something which haunts you or if you are an extrovert who likes interacting with different people then freelancing might be the best choice for you.
As stated earlier, in freelancing you would not have been reporting to any “boss” simply because you are not working for any. However, here as well you would have to account for somebody – “yourself”!
That is the reason it is crucially important to know yourself well enough before you jump into freelancing. You would have to be disciplined – self-disciplined – just because you need to account for yourself of all your activities. This implies that you need to be willing to take all the responsibility of, especially failures, upon your shoulder.
We would like to reiterate for one last time that because you are not in a traditional corporate atmosphere, you would have to be self-disciplined to make any mark in the freelancing community.
3. Learn to interact with clients
Unless you have had any prior experience of communicating directly with customers/clients, freelancing might give you positive surprises in this area. In freelancing, you would have to interact directly with your clients and be ready to be approached by them any time of the day (only because they pay you!). And you are not supposed to expect public rhetoric all the time.
4. No more fixed payments on fixed dates
In traditional work experience, in most cases, you are paid fixed salaries, you have fixed weekend holidays, and there is often an annual growth in your salary structure (obviously until the company is doing really bad). However, in freelancing it is virtually impractical to think of a “fixed salary” and that too at the end of every month. This is because depending on how many clients and what sort of negotiation you break with them, your net gain would change! Moreover, the per-month salary schedule would also be flickering – it would not be fixed on a particular date, to say the least!
5. Keep an Eye on what is trending
It is one of the critical roles every freelancer has to play. S/he just cannot afford to lose sight of the market. The freelancer should keep track of whatever is trending in the market, s/he should keep stock of the choices that the potential clients are making and keep him/herself ready and updated with the demand. Note that because you work singly unlike the traditional offices, there would not be a pool of talents for your help.
6. Organize your family and friends
Freelancing might fetch you big money. However, it has all the ingredients to make your professional life more hectic and stressful. We already noted that you work hours would not be fixed; you might receive calls smack dab in the middle of the night. In all such situations, you would have to make every necessary arrangement that your familial and social life is not disturbed. You may start by first informing your family and friends and everybody else who matters to you about your new way of professional experience. Talking would make things much easier to manage.
7. Have extra saving as backup
At times, Freelancing might prove to be dry. There can be many reasons for it: slow market, fierce competition, etc. However, to cope up with this quiet situation, you need to have some back up saving to get you going when clients are either not willing to pay you enough, or they are not turning at all. In all such situation, your savings for the freelancing venture would come in handy.
8. The Success mantra
Finally, as we near the close of this article we want to suggest that the real key to a successful freelancing have a sense of association with your job. You have to assume it like your own business wherein you are the managing director, the chief executive officer or even the office boy – you are one abstraction of the entire team. Without this sense of ownership, freelancing would not prove much fruitful to be honest!