How to Make USD 5000 Freelance Online – Page 3

What You Need to Make Money as Freelance Online Skills that Others Want to Buy Freelancers are individuals who carry out services at a cost, be it hourly, per word, or per project. In other words, freelancers exchange time with money. Therefore, you need to have skills that other people want to buy. In this case, you are free to be creative! Many people think they don't have the experience to become freelancers, but I challenge you to evaluate your history. Have you ever worked? If yes, that means you have the skills that other people want to buy! The easiest transition from employees to freelancers is to start with the things you have done. For example, before I became a freelancer, I worked in the startup marketing team. So when I decided to become a freelancer, what did I do? I started selling marketing services (social media management, copywriting, public relations campaigns, etc.) to startups! It was a simple transition because I could use the work I did as an employee as my portfolio as a freelancer. If you still think you don't have the skills to become a freelancer, there are types of freelance work that you should consider for example being a virtual assistant. I consider virtual assistants as entry level jobs in the freelance world. Just like a secretary who can become an office manager, virtual assistants can become online business managers, marketing consultants, web designers, and really other "high level" freelance positions! What is a virtual assistant? A virtual assistant helps a person or business with almost all services that can be imagined. There is a virtual assistant for: • travel bookings • scheduling appointments • email management • graphic design • social media management • proofreading For example, you want to be a professional freelance editor, but you only do some editing work and are not confident if you are qualified to become a full-time freelance editor. You can start as a virtual assistant that offers proofreading services. The difference is that you will be paid less than a freelance editor. In the end, you can promote yourself to the editor and charge a higher rate because you have built your portfolio as a virtual assistant. ACTION STEPS: If you have squeezed your brain to the fullest, but STILL don't have the skills to become freelancers: learn new skills through online courses! 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 Step 5: Find the ideal potential client (looking for potential customers) Now, you need to go out and make a list of potential clients along with their contact info (email address and first name is fine). If you get stuck, here are 11 places online to find freelance gigs: • AngelList • Working Nomads • Flexjobs • RemoteOK.io • Freelancer • Facebook groups • Craigslist • Cold emailing your favorite brands • Friends and family • Your professional network or other freelancers • Your employer or previous employer Step 6: marketing out Even though I am a fan of inbound marketing, when you are just starting out, you have no time to waste time. You must approach potential clients aggressively. Step 7: Make an introductory call After you get a number of potential clients, you will hear from several. At this point, it's time to order an introductory call or initial consultation. This is basically where you use the telephone (or video chat) with a prospective customer and try to decide whether you are compatible with each other. Now, don't be afraid, but this is a sales call. Not only do you want to decide whether you are suitable, but you also want to close the transaction if you decide so. Many new freelancers have anxiety about introductory calls. All I can say is that I did it too, and it got better with time and practice. The more introductory calls you make, the more comfortable you feel. Step 8: Negotiate No business owner is immune to negotiations. That is the name of the game, and as a freelancer, you must come to expect it. Here are some potential scenarios and how you can choose to react: • If the client wants to negotiate about prices: Except for special cases, I strongly believe that you NEVER negotiate about prices, only on SCOPE. That means if your fee for a 5-page website is $ 3,000, but the client insists they can only afford to pay $ 2K, then maybe you cut it to a 3-page site. • If the client wants to negotiate about scope: Open to this; It is okay! Remember to adjust your costs. • If the client wants to negotiate on the timeline: You have the right to charge a rushed fee if the client wants something done quickly. If clients are not sure they want to work with you: Site carefully. Uncertainty can sometimes be a sign of danger for troubled clients - people who constantly change your scope and make you revise and revise because they are not even sure what they want. However, sometimes, they are very good clients - they just need to be more confident that YOU are the right freelancer for them. In that case, I offer a short-term paid trial period. Stop it from the park during the paid trial, and they will be excited to continue working with you. You can also offer a free trial or money back guarantee. • If the client wants to take advantage of additional services beyond what you usually offer: Site carefully. If the additional service is something you really want to offer, I say just do it, but make sure to charge extra for it! If additional services are something you do NOT want to offer, then do it. • Overall, open to negotiations. It's natural; that is expected. Nothing is rigidly regulated, so have fun with it! Step 9: Send your contract • Even though you certainly don't have to, I strongly recommend that you always work with a contract. I prefer to call it an "agreement letter" and make it short and sweet. My goal with a contract is not to sue my client if a problem arises, but only to have something in writing that I can show in case of a misunderstanding. • No, you don't need to hire an expensive lawyer to get a freelancer contract or an independent contractor agreement. In fact, you can get it for free from AND CO. • If you want to invest in a contract template reviewed by a lawyer, try this one. • Step 10: Tie your new client! • Onboarding is what happens after your client signs on a dashed line. This is what you do to put it in your system and make sure the job runs smoothly. • For example, if you have been recruited to become their social media manager, you must manage clients on your social media management platform, such as Buffer or Hootsuite. You also need to get access to passwords and their brand style guidelines. All of this is part of the orientation process A tool that you can use to facilitate orientation • Trello • Google Docs • Dubsado • Honey book • Sharpness How to Make USD 5000 a Month as a Freelancer When I talk to most aspiring freelancers, making $ 50 thousand a year from their freelance business is their goal. So if you make $ 5,000 a month, you will exceed that annual target of $ 10 thousand Once you know what your income goals are, it's just a numbers game. To make $ 5,000 a month as a freelancer, you can: • Have 5 clients with a $ 1K fee per month • Have 2 clients with a $ 2.5K fee per month • Order every month with 4 disposable service slots of $ 1,250. One-time services tend to be things like PR campaigns, website redesign, digital marketing strategy consulting, etc. This is a big project that you do once and then provide the final strategy or product to the client. I always say the key to achieving your income goals is to know what it is and work BACKWARD. Pack your services in such a way that you can achieve your income goals AND provide tremendous value to your clients. How I do it Here is an example of some clients that I have at one point: • Retainer of $ 1,000 / month - Perform social media for startup. • $ 1,000 / month retainer - Marketing and writing at $ 50 / hour for 20 hours a month for business. I DO NOT like to be paid by the hour, but this is one of my first clients and I made that mistake. • Retainer of $ 2,500 / month - Perform digital marketing for startups. • Clients every hour pay me a $ 40 / hour maximum budget of $ 1,600 / month - Again, I don't like to be paid by the hour, but this is a client who is quite consistent almost reaching a maximum every month. Why Consistency Is Key: Followers Vs. One-time Project When you have a fixed income goal, like $ 5 thousand per month, being a freelancer can be a STRUGGLE because of its "party or hunger" nature. If you only do a one-time project, then your income will be unstable. For example, let's say you are a developer who makes dropship e-commerce sites for small businesses. After you build the site - you're done! You now need to find another client to replace the one you just completed. BUT if you can turn your skills into MONTHLY RECURRING SERVICES, then golden you are! So maybe you are giving monthly Shopify technical support

Step 5: Find the ideal potential client (looking for potential customers)

Step 6: marketing out

Step 7: Make an introductory call

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