While in a
job, most of the “money stuff” is taken care of by the company you work for.
You get a regular paycheck without having to ask; your taxes are deducted
automatically, and insurance is likely also taken care of by your employer.
Things are different when you’re on your own and you’d have to take care
of the following by yourself:
- Getting your Paycheck: This is considered to
be the trickiest part to manage, be it for the freelancing veterans or the
newbies. Negotiating and communicating properly with your client to get
them to pay for your service at the specified time proves to be much of a
challenge. Take care of this properly and you are well set to do great in
the freelance field. Check out this guide on negotiating
like a pro to help you gain more tips and insight.
- Taxes: You need to handle your personal and
professional tax complexities yourself.
- Insurance and retirement benefits: You need to look for
the best insurance policy and plan for your retirement yourself.
What it all comes down to is that being a freelancer and working in the
gig economy means taking a lot of responsibility for your own finances, whether
that’s negotiating your pay, finding insurance, or paying taxes. But if you
love the freedom, flexibility, and earning potential that comes with being
independent, then freelancing is an ideal situation.
The
Takeaway
Freelancing is equal parts positive and negative. You just have to decide
if you’re willing to take the risk that almost always accompanies it.
Freelancing means professional freedom, but it also means instability and the
risk of failure. And that may not be what you need in your professional life.
But if you risk your stability for something more in tune with your
professional goals than a traditional job, you have the opportunity to build
your name and reputation and reach your professional goals.
What
Does a Freelance Coder Do?
A freelance coder works on software programming projects
on a contract basis. Specific job duties depend on the needs of your client,
but general job duties include developing software, applications, or computer
systems to meet your client’s specifications. You may also be responsible for
testing the software or debugging and updating existing applications. The
programming languages they use vary, but coders typically specialize in one
area. For example, web coders know HMTL and JavaScript, mobile coders use Java,
and database freelancers use SQL. Some projects may require collaboration with
other developers. Freelance coders work on a short- or long-term contract
basis.
How
to Become a Freelance Coder
The qualifications that you need to become a freelance
coder include coding skills, a computer-related degree or professional
certification, and a portfolio of past projects to show to prospective clients.
The most common degrees for coders are associate or bachelor’s degrees in
computer science, information technology, or programming, or web development.
Some coders learn on their own through online courses or boot camps. The most
important qualification clients look for is a substantial portfolio showcasing
your skills. Certification is not required, but becoming certified may make you
more competitive in the job market. For example, you can become a Microsoft
Certified Solutions Expert (MCSE). Freelance coders are independent contractors
who need to network to find their own clients.
If
you’re considering a freelance career in coding, you’re not alone. Since 2014,
the number of full-time freelancers in the United States has risen by 4 million
people, to a total of 57 million. According to Forbes, this means 35% of the United States workforce is freelancers!
But for individuals building a career or changing careers to create a
better life for themselves and their family, it’s not just enough to know that freelance coding jobs exist. The question is, will you be able
to code online and earn money? It might reassure you to know that CNBC ranked jobs like network and system administration,
data visualization, machine learning, database administration, and software
development as some of the highest-paying and most in-demand freelance roles.
“The number one thing freelancers
need to understand going in is that reliability is more important than
technical skills,” Shilts said. “A lot of my early clients had a negative
perception because they had worked with unreliable freelancers in the past.
It’s not enough to meet technical expectations—you also have to meet
deadlines.” While technical skills can always be developed and improved, a
reliable approach to work is a more innate quality that will help individuals
succeed.
Shilts says reliability is one of the biggest benefits to hiring
freelancers who have completed a coding bootcamp. Because bootcamp programs are
so deadline-oriented, the need to focus and deliver on time is not new to these
professionals.
Another tip for beginning freelance coders is to develop a website or portfolio where potential clients can get to know
your style and see previous projects. These projects don’t need to be flashy
but should show your best work. The opportunity to create a portfolio is
another benefit of starting freelancing through a coding bootcamp. At Eleven
Fifty Academy, all the projects that students create are reviewed by an experienced
professional who helps you work through feedback and improve the final product.
Shilts shared another tip for beginning freelancers—always get a
contract, even if you’re doing small work for small dollars. “Even if it’s for
$10, the agreement makes everything feel more professional and encourages both
sides to take the work seriously,” she said. Explore multiple contract
templates to find one you’re comfortable with and be prepared to send the
contract to the client.
Building a
Business Freelance Coding
The number of
freelancers who work full-time rose
11% since 2014, to 28%. 14% of freelancers consider themselves “side-hustlers.”
Regardless of if you will work part-time or full-time as a freelance
coder, there are essential elements to building a long-term business.
“Treat your customers the way you want to be treated,” Shilts said. “I
built my business early-on through referrals because of the way I treated my
customers.”
Networking is another practice that is part of how to make money freelancing from home. Networking helps early freelancers develop
connections and relationships that lead to work opportunity. Whether it’s
virtual events, in-person meetups, or professional conferences, these events
let you meet all types of people in many industry circles.
The work you can expect as a freelance coder depends in part on your
skill set and experience. Shilts says that at Jackson Sky, freelancers help the
team increase bandwidth. “We make freelancers familiar with some of our ongoing
clients so they can handle those projects with ease, stepping right in and
letting us keep meeting all our deadlines.”
Once a company finds a reliable freelancer, that usually means a
recurring stream of work for the individual. Shilts says to communicate with
clients regularly even if you’re just sharing updates.
There are also freelance websites where coders can sign up to receive
regular assignments, but these can be hit-or-miss. You may not be able to
choose your hourly rate, or might not be able to set your own pace and
requirements around the work. Developers For Hire has curated a list of the top freelance coding platforms and describes a summary of how each one
works. If you decide to go this route to build your business, shop around for
the platform and community that’s right for you.
How Much Do
Freelance Developers Charge?
According to Career Karma, the average freelance web developer charges
$60 per hour. The average entry-level freelance
coding salary is $58,000 per
year. Remember that taxes for self-employed individuals are different and can
be higher than those employed traditionally. Turbo Tax shares a tax guide for freelancers that sets you up to remain compliant and
not get hit with a big bill at tax time.
“Usually with entry level freelancers I ask what their hourly rate is and
respect that,” Shilts said. “I value their time and want them to value their
time.” She added that she may ask for an estimate on how long a project will
take, or even ask if work can be completed in a certain number of hours. “We
aren’t usually shopping around for cheaper options—instead, we will pay the
requested rate to work with the right personality and the right skill set,” she
concluded.
Jumpstart Your
Freelance Programming Career with Eleven Fifty
The potential to make a great living as a freelance coder or developer is
available to everyone with the skills and initiative. With the right hourly
rate and network, it’s possible to make a great salary working less than 40
hours a week. Freelancing provides schedule flexibility, the chance to pick and
choose projects, and the option to be your own boss. Coding bootcamp unlocks
the door to this amazing future in just a few weeks or months. If you’re ready
to start making money as a freelance coder, we invite you to attend an
introductory class for free, or connect with an
admissions specialist to
learn more about coding bootcamp at Eleven Fifty Academy.
0 Comments