Freelancing Pitfalls: Big Holes Freelancers Should Stay Away From
August 28, 2015
August 28, 2015
During that big journey you’ll take in the course of freelancing, you’ll meet these big holes you are likely to fall into. Some of these you’ll be very well aware of (as those are obvious), and you won’t even know a few of these even if they are the size of a big mac truck.
Freelancing pitfalls can be easily avoided, if only you knew better. Here are some of those and how to get out of out those. Even better, try not to get into any of these:
We know that working hourly is one of those popular ways of making money selling your services. However, it’s one of those major pitfalls you should avoid right from the start. According to Mike McDerment and Donald Cowper of Freshbooks who wrote the book Breaking the Time Barrier: How to Unlock Your True Earning Potential, doing hourly projects undermines your efficiency, locks you to your work and time), and punishes you for working fast.
If anything, you should consider working on fixed priced projects where you determine the price based on value.
If you get busy with the sheer number of projects you managed to hustle and get, it’s a good problem to have. It’s a problem nonetheless.
If you get so busy that you’d have to refuse working with more clients as they come, you are shunting your own growth potential. When you are at this stage, it’s a clear case of hitting the time plateau.
Outsource your work – especially the kind of work that takes your time away from what you really do. For instance, if you are a writer, don’t even bother learning design, or development, or dig your head into admin work.
Spreading Yourself Thin
Freelancing makes you a multi-tasking genius. You’d pick up writing projects, end up dabbling with HTML, build landing pages, tweak your own website, manage your social media accounts, and more.
As if that wasn’t enough, you’d be forced to continue looking for clients, send them quotes, deliver work, send out invoices, and make time for those gazillion skype calls and endless litany of emails.
Chances are that you’d spread yourself thin, doing all this work (which isn’t really work that pays).
Stay organized, use a project collaboration software, and make sure you allocate time and/or resources to get things done faster.
Don’t say no to technology
But, don’t be. Today, technology has leveled the playing field. You have access to the same tools some of the biggest companies in the world have access to. Plus, technology is affordable.
Are you falling into any of these holes?