Freelancing?
The phrase ‘I
am a freelancer’ gets thrown about a lot nowadays when someone is
asked about what he does for a living. It could be a friend, colleague, or even
your family member who left his regular 9 to 5 job to become a freelancer.
Many reasons contribute to this sudden shift in the mentality of people’s
perception about jobs per se causing them to shift to freelancing.
But why do they do that?
Can freelancers sustain for long without a job?
What exactly do these “freelancers” do?
What Is Freelancing?
Freelancing is a contract-based profession where instead of being
recruited in an organisation, the person uses his skills and experience to
provide services to a number of clients. In simple terms, freelancing is when
you use your skills, education, and experience to work with multiple clients
and take on various assignments without committing to a single employer. The
number of assignments or tasks that you can take just boils down to your
ability to deliver on them as asked from them.
Freelancing usually involves jobs (called gigs) that allow you to
work-from-home situations. But don’t associate freelancing as the same as
having a work-from-home job.
- Freelancing doesn’t always
mean that you’ll work from home. You might have to work at your client’s
office too depending upon the type of work and the client’s requirements.
- A work from home job
involves a contract between you and a single employer who gives you a
salary while freelancing doesn’t.
It is just that many of
the jobs that freelancers perform can be delivered over the Internet without
their presence at the company or clients place.
A freelancer
or freelance worker is a self-employed person who earns money by providing
services to multiple clients. These services relate to the person’s skills and
are not necessarily provided to just businesses.
Freelancers either use third-party platforms like Fiverr, 99designs,
etc. to get business or
use their network to get more business and provide services to their clients
directly.
But is it a good choice for a career? Can you sustain a lavish life while
freelancing? How do you start with freelancing jobs?
Well, when 11 percent of
the working adult population in the United States is working primarily as
full-time freelancers, there must be something good about this industry.
Freelancing As A Career
The rise of freelancers has resulted in the development of a new concept
– the gig
economy. In the gig economy, a person, instead of working for a
single employer full-time and getting a fixed salary in return, works for
multiple clients at his own terms and at a price he
thinks his work deserves.
Freelancing is an enticing profession. It takes care of almost all the
problems of a usual service-class human. According to
Upwork, Americans work an average of 47 hours per week. Freelancers
work an average of 11 hours less per week than full-time employed workers. That
adds up to about 550 hours per year or 23 whole days.
Full-time traditional workers spend nearly an additional full month each year behind the keyboard (or wherever they work).
Here’s the
annual salary of freelancers in America from 2014 till 2018:
But not many ends up pursuing it full time.
Why, you ask?
Well, the
answer is basically embedded in our human psyche.
It is deeply rooted in our minds to look for a guarantee. A regular job
provides us with a guarantee of a profession that pays at the specified time.
You get a routine to follow. And this job also provides with guaranteed perks
such as insurance, retirement benefits, provident fund, increments and salary
hikes for performing well.
When you opt for freelancing, you lose the guarantee of any of this.
There’s no surety that you’ll get recurring clients. No surety that you’ll be
able to sustain this lifestyle till retirement, and even no guarantee that your
income will ever increase.
Moreover, you get to handle your tax deductions, insurance, and other
finances yourself.
There are also other cons to freelancing such as –
- Work-life balance: If you don’t know how
to separate personal life from work, freelancing becomes tougher than a
regular nine to five job.
- No benefits: Freelancers are in charge of their own
holidays, sick days, vacations and must be good financial and
time-management planners.
- Difficult Clients: You may find some
clients who are extremely difficult to manage. They may fail in giving the
right instructions and information for completing the job or may be
inaccessible to clear any doubts. This can be frustrating and might result
in wasting your time.
There are always pros and cons to every profession and it’s up to you to
balance it properly for a healthy footing. If you think freelancing could be
beneficial for you and the cons don’t matter much. Read on to find out how you
can become a freelancer.
How To Become A
Freelancer?
Becoming a
freelancer is just as easy as ordering something over the Internet. You visit
sites that offer freelance jobs and tasks and take them on. This is a wonderful
way of starting out and getting your name out there.
Here are a few sites that you can try for freelancing jobs:
- Fiverr: the world’s
largest marketplace to look for freelance jobs. Just create an account
post what you can do, add few links and you’re done.
- 99Designs: A perfect
place to find freelancing jobs if you’re a designer.
- Upwork: Upwork is a
more professional looking freelance marketplace where you’ll find more
business clients.
- Freelancer.com: Freelancer.com
is among the oldest freelance job marketplace which you can choose in your
initial year when you have little or no freelance experience.
(We have a complete list of best
outsourcing websites here if you want to check out more
options)
Working on a few gigs from these sites helps in understanding how
freelancing as a job goes along and helps you get the hang of it.
But before heading to these freelance websites, you need to set up a
freelance brand for
yourself. Follow these steps for the same –
- Decide what services you’ll
offer
- Determine your target
market
- Find the platforms (freelancing
websites) you’ll be serving on. Choose a uniform username on
all of them. It helps you build your brand
identity.
- Decide your rates
- Create an online portfolio
on your niche-specific portfolio platforms; GitHub for developers, Behance
for designers, etc. We also suggest you create a
personal portfolio website to showcase your skills and
talent.
- Market your services: market
on social media, offer
something for free or at a very less cost (helps in
getting more traction), ask for
referrals, and use email marketing.
We don’t suggest you leave your existing source of income and jump into
freelancing per se. Try it as a part-time venture to see how it works out for
you in the initial months.
It is entirely not necessary that you have to freelance full time. It is
up to you to decide on whether you’d like to do it full time or keep your
existing job and make a buck during your free time.
If you feel that you really like the way the things are headed, it’s time
to move onto the next step.
Next
Step
Once you feel that you can provide for yourself and work this way, the
next course of action is to take on multiple assignments for multiple streams
of revenue.
This should include gigs that you got personally using methods mentioned above
as well as from the freelancing sites.
Another possibility is that you could make it a full-time gig.
Freelancing full time also means you can create diverse forms of income. You
can:
- Negotiate monthly retainers
- Negotiate commissions on sales projects
- Create referral systems to
reward clients who send you new clients
- Market yourself directly:
Here’s a helpful guide on marketing and creating a perfect personal
branding for yourself.
Take Care Of Your
Finances
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.
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