Sunday, March 29, 2020
Latest:

MyBos LLC

My Business of Success

Business
Employment
Non-profit
Employment 

How to Become a Highly Paid Freelancer

kenneth hawkins 409 Comments

1. Choose a niche.

If you’re new to freelancing, you might feel ready to take any paid work you can get your hands on. But as you get deeper into your freelancing career, you’ll need to start being more strategic about the types of work you do and the clients you take on.

You might be thinking: How can getting picky about the freelance work I do help me make more money?

Because when you specialize, you become an expert in a specific field, and experts can charge more for their specialized services.

In my opinion, the age-old debate of whether you should be a specialist or a generalist when starting your freelance career isn’t even worth thinking twice about. If you were your client and you needed someone to fix your email marketing so people actually sign up, write ads that persuade people to buy, or just update your outdated website, would you rather hire someone who’s a jack-of-all-trades, or a person who’s a pro at doing one thing and doing it extremely well?

I’ll choose the specialist every time.

And when it comes to my own experience, choosing to specialize as a content marketing consultant–as opposed to being a general digital marketer for hire–has been the single best decision I’ve made with my freelance business. Because I’ve built my reputation with clients as a talented content marketer over the past few years and frequently engage with content marketing content on various social media channels, I’ve been able to rise to the top of my niche in a relatively short period of time. This is one of my favorite takeaways from Becoming a Successful Freelancer over on CreativeLive.

Aside from my blog and existing client referrals, the next most consistent source of new clients has been from business owners seeking out specific expert help through both Google and social searches like the one above from Twitter.

So to expand this example to other fields, imagine you are just starting out as a web developer–you can get into a niche like migrating blogs to WordPress. That means when someone searches for “help with migrating a blog to WordPress,” the person can find you.

If you choose the right niche, deciding to specialize and putting some effort into branding yourself as an expert within your niche can really pay off for years to come.

2. Get clear on your service offerings.

One major decision you need to make early on in your freelance career is what you do and what you don’t do.

The more specific you can be about what services you offer, the better. Not only will it help you brand yourself, it’ll allow you to control how potential clients perceive you and give you the opportunity to continue building your portfolio in the direction you want to move in.

If you want to focus on becoming a sought-after, highly paid Ruby on Rails developer, then you shouldn’t even consider contract offers for customizing WordPress themes or designing the user experience for an upcoming app. While the short-term benefits of steady work are tempting (and sometimes necessary), taking on projects that aren’t getting you closer to your ultimate goal of becoming the best in your field will only distract and delay you from making meaningful progress.

3. Define what your ideal client looks like.

Before you can go out and start looking for clients, you’ll need to develop a clear picture of whom you’re going to work best with. Do you want to build websites for small-business owners, pitch in on new feature development for high-growth technology startups, or take on longer-term contracts with enterprise-size companies? Making these clear distinctions between whom and what type of business you’re targeting will be essential to effectively pitching your services.

To define exactly who your ideal freelance clients should be (and how to start finding them), ask yourself these questions:

  • What type of business has the problems I’m solving with my services?
  • Can the business I want to work with afford to hire me?
  • What demographic trends can I identify about the decision makers in the types of businesses I’m targeting? Think age, gender, geographic location, websites they frequent, and their personal interests.

Because I know that I’ll be more engaged and work most effectively with smaller startup teams who are working on projects I can personally relate to, I’ve proactively chosen to make my scope of potential clients narrow. By working with similar startup teams, new potential clients I target within my niche are able to instantly relate with me, and have confidence that I’ll be able to replicate my results for their business, too.

Picking your niche and making yourself stand out is one of the core principles covered in CreativeLive’s Essential Guide to Launching a Freelance Career.

4. Create a high-quality portfolio site.

It goes without saying that one of the best ways to demonstrate your technical skills is by having an amazing portfolio site of your own. If you want to be taken seriously as a new freelancer, you’re going to need a website that:

  • Showcases your expertise.
  • Highlights relevant past experiences.
  • Shows who you are.
  • Includes your contact information so potential clients can easily find you.

Plus, a stellar portfolio can really help you out if you don’t have a lot of job experience to prove that you know your stuff. (Read more about that here: How to Get Hired in Tech With No Experience.)

The purpose of your portfolio is to educate, spark interest, and convince potential clients that they’ll want to choose you for their technical needs. That’s why it’s worth investing time in deciding what to feature on your portfolio and how it’s being displayed–before you start looking for new projects.

Once your portfolio site is up, start including a link to the site within your email signature and on your social profiles.

(Get more inspiration on awesome portfolios here: 25 Portfolio Dos and Don’ts.)

5. Start freelancing before your quit your day job.

I’m a huge proponent of starting your freelance career as a side business, as opposed to leaving your day job to immediately pursue self-employment.

In addition to the fact that creating a high-quality portfolio website, building your personal brand, and adding to your portfolio naturally take a good amount of time, it’s a good idea to have a few steady freelance clients on your roster before axing your sole source of income.

I recommend growing your side income to at least 50 to 75 percent of your total current income before leaving your full-time job, depending on your risk tolerance.

Managing a tight schedule, heavy workload (including demanding freelance projects), and being responsible for client deliverables with limited time resources will teach you quickly what it’s like to run your own business.

The other awesome benefit of picking up freelance clients while you’re still working full time is that you can be selective. You likely don’t absolutely need the money. This puts you in a position to turn down work that either doesn’t pay enough to justify your time investment, or that you’re not genuinely interested in.

These are two points you’ll need to be a stickler about if you want to be happy once you’re freelancing full time. Check out my list of the 101 best business ideas if you need more inspiration.

6. Level up your skills.

The best way to justify higher rates? Make sure you have impressive skills that are in high demand.

Practice using your new skills by building the types of projects that you want to eventually be paid to work on. Whether that’s WordPress websites, mobile apps, or something else entirely, the more you can differentiate yourself among a sea of competition with cool side projects and examples that’ll attract potential customers, the better.

And remember that while highly trained freelancers can get paid much more for their work, you don’t have to head back to school for a B.S. in computer science to get on the train. Taking online classes like a Skillcrush Blueprint can get you on the right track and put you in charge of your education.

7. Build your credibility.

There are many ways to build your credibility within your industry. Aside from creating high-quality blog content and collaborating with notable influencers in your industry, you can write an e-book, create an online course, and line up speaking engagements to start increasing your visibility within your niche.

These credibility boosters can help you add to your list of accomplishments that you can highlight on your portfolio and simultaneously demonstrate your knowledge for more potential clients to see. The wider you can broadcast your message, the more influence you’ll build within your niche.

8. Determine your pricing.

While deciding how much to charge for your freelance services is a major step toward determining your perceived value, you need to make sure you’re charging enough to make a sustainable, comfortable living. Most clients won’t hesitate to pay higher rates for a freelancer who gives them an incredible first impression and sells them on the ability to deliver high-quality results.

As long as I continue to deliver consistent value to my clients (beyond their expectations), I have no trouble setting and maintaining high prices for the services I’m providing.

Before setting your prices at the bare minimum you need to charge to hit your financial needs, consider the actual value you’d be creating for your potential clients and make sure you’re not leaving money on the table. You can always increase your rates in the future and hope your client stays on board, but if you start at a price point you’re already excited about, you’ll be that much more likely to overdeliver and continue increasing your value moving forward.

9. Leverage your networks for introductions.

One of the most effective ways to land higher-quality and better-paying freelance work is through leveraging your existing networks. Whether pitching your actual friends and former co-workers on freelance help, or using their connections to make warm introductions to companies you do want to work with, this is a great alternative to cold contacting potential clients.

Whenever I discover a freelance opportunity I want to pursue on Angel.co, CloudPeeps, or elsewhere, I give myself 10 to 15 minutes to research the company, find my ideal point of contact, and do a little homework to see if I have a mutual connection on LinkedIn, Twitter, or Facebook before reaching out with a cold email.

If I do have a mutual contact, I’ll reach out to my friend (only if I’m actually friends with the person) and ask if he or she would mind sending an email introduction on my behalf.

This approach, in which my first impression is being endorsed by a recommendation from someone my potential client already knows, has consistently netted me higher response and close rates.

10. Perfect your pitching.

There’s an art and science to pitching your freelance services to new clients. Because it’s such an important part of running a profitable freelance business, I created an entire online course on the topic of writing freelance proposals that convert, and I even give away my freelance proposal template for free.

Landing new clients isn’t just a matter of crafting an awesome freelance proposal. Your success depends on how you’re selecting new jobs, how you position your value propositions, and how much research you do ahead of time.

I’ve won new gigs simply because I clearly put more time and effort into researching the company, determining its needs, and providing immense upfront value in the form of insightful recommendations before I even discuss payment. In the world of freelancing, much of your success will depend upon the strength of your client relationships, and how well you’re able to forge meaningful partnerships.

11. Blog frequently.

The goal of having a website showcasing your skills is to attract and convert new clients. What better way to increase the number of potential new clients coming across your website than by creating high-quality blog content that positions you as a standout expert within your field?

At the beginning, aim for creating one or two in-depth blog posts per month, geared toward providing truly helpful solutions that your potential clients may be searching for. Note: That means you’ll be writing for an audience of your clients, not other people in your field.

Once they discover your content and get some free value from you, you’ll naturally be top of mind if they’re ready to hire out for more in-depth help.

You May Also Like

Improve Your Reputation in The Hospitality Industry

kenneth hawkins 4,900

2019 Employment Trends

kenneth hawkins 2,809

15 Easy Ways to Make Your Resume Stand Out

kenneth hawkins 247

409 thoughts on “How to Become a Highly Paid Freelancer”

Leave a Reply

Your email address will not be published. Required fields are marked *