Some Course Ideas:
• Super Affiliate– This will help you if you want to become an affiliate manager that helps bloggers and other businesses increase their affiliate income.
• Hypnotic Writting – This will help you if you want to be a freelance writer. This course is made by active freelance writers who produce six figures from their writings.
• 7 Steps to Freelance Writer Success– Another freelance writing course that will show you how to change your writing skills into a business.
• How to Become Virtual Assistant – The best way to get into freelance is to become a virtual assistant. VA is needed by bloggers, freelancers, small businesses and even big businesses. You can do anything from administration to design to writing.
Reliable Internet Connection
If you will work remotely as a freelancer, you will need a reliable Internet connection. For fellow Americans and other people in the First World, this is usually not a problem. However, it becomes a problem if you decide to travel while working.
Or, you can stick to digital nomad friendly places. If you want to leave the network, make sure you finish your previous job and take a decent vacation – free from any freelance work.
A laptop
You can use a desktop computer, but if you travel a lot, laptops are a better choice. I use this laptop, and it’s perfect for my typical tasks, which include:
• Typing on Google Docs
• Edit images in Photoshop
• Light video editing with Camtasia
• Send email
• Audio transcripts
• Uploading images to WordPress
Have A site
As an online freelancer, you need a website. This is your “online storefront”, and does not only function as your portfolio, it also proves that you are legitimate.
Contrary to popular belief, it does NOT require a lot of money and you do NOT have to have the coding skills to launch a website. In fact, you can even build your freelance website for FREE.
How to Make USD 5000 Freelance Online in 7 Steps
Step 1: Determine what you will sell.
That sounds pretty simple, right? As I talked about above, you need to evaluate what skills you have and how you can turn them into services that people want to buy.
Step 2: Determine who you want to work with (your ideal client)
Step 3: Your price and service package
Finding out how to determine the price of your service as a freelancer will be one of the most painful and crucial tasks that you make when setting up your freelance business. I suffered because of my rates for a month when I started going out. I also underestimated my services at the beginning, so much that I worked continuously but continued to go bankrupt.
(Personal expenses + business expenses + savings) /. 7 = Income Goals
.7 represents 70%, as in, 30% for taxes, and you save 70% for use for yourself. Now, income tax is very complicated and very varied. Most experts recommend setting aside 25% of your freelance income to pay taxes. If you make more than the average freelancer, 30% might be better (it also depends on where you live). However, I have found that 30% is more than enough. If you save too much, it’s far better than saving too little!
Because the title of this post is how to make $ 5,000 / month as a freelancer, we will use $ 5,000 a month as an example of a target. If you make $ 5,000 in INCOME, that means that after 30% of the tax is taken, you can get $ 3,500 in PROFIT.
So, for this example, make sure your personal expenses, business expenses, and whatever amount you set aside for savings does NOT exceed $ 3,500. If yes, then your actual income target must be higher than $ 5 thousand.
Step 4: Create your website.
You NEED a portfolio site to win clients as freelancers. But it doesn’t need to cost a lot of money. You can even create a portfolio site for free. If you are a freelance writer, you can use Contently to create a free portfolio site that displays your links.
Read: How to Make WordPress Website with Hostgator in 10 Minutes
