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Monday, July 22, 2013

Work from Home Part 3: Freelance Jobs


Three Ways Freelancers Can Make More Money Working From Home

Freelance work comes in all colors and shades, from writing to photography, from IT to engineering.

One thing all freelance work has in common is in offering the potential to earn a full-time living working from home.

The first step is to take a career assessment to ensure that your personality is well suited to working from home and you will actually like your job. Then, once you’ve decided that you can work from home, and verified that the work you’ve found is a legit work from home job, the next step is to ensure you can make a livable wage working from home.

Before you can begin working from home, decide what ‘livable wage’ means for you. Federal minimum wage is currently set at $7.25/hour, which is just over $15,000 annually. But your personal situation may require a much higher wage than that, so be sure to factor in your monthly budget  requirements before your set your monetary goals.

Freelance work can often be unpredictable;
you need a plan to deal with the feast or famine nature of the work.
The goal is to determine that whatever rate you set, you will work enough hours to earn a steady and stable income. In other words, how can you avoid the dreaded ‘feast or famine’ nature of freelance work?

Here are three tips to help you make more money from home, and hit your livable wage:

1. Set Goals: How much money do you want to make a day? A week? A year? Take your ideal livable wage and divide it by your going rate to set your goals.

From there, plan your work out by hours of the day and hours per week. Set a weekly goal, for example, of working 35 freelance hours, which works out to about seven hours of work during the five day workweek (this may be lower or higher depending on your work and your situation). Here’s the key: every morning, think about how you’re going to fill those hours.

2. Branch Out: If you’re having trouble hitting those hours with your current workload and client base, find ways to branch out in your field.

If you’re currently working as a technical writer, for instance, start looking for entry level work from home as a copywriter. Here is a place once again, where taking a ‘refresher’ career test will help point you in the direction of great places to expand upon your personal brand. Find new things to get great at and expand your knowledge base so you can offer more services.

3. Keep Accurate Records: This may be dull, but it’s also necessary for anyone not punching the clock.

You are your own timekeeper, and if you under-charge (bad for you) or, worst of all, over-charge (bad for you and your clients won't be happy), you will feel the effects and lose your credibility. Keep your invoices up to date and accurate at all times, and communicate with your clients regularly to ensure you’re all on the same page.

With a little planning ahead, organization, and branching out, you can make a solid, stable living doing what you love from home.

Not sure what you love yet? Take the MAPP career test, and get matched to over 900 jobs.

No two assessments are exactly the same, so use our promo code MyCareer to get $10 off one of MAPP’s comprehensive career packages (starting at $64.90) and figure out whether working from home is the best career move for you.

2 comments:

  1. Thanks for highlighting various aspects of freelance jobs. One must keep these simple points in mind to earn regular income while working from home.

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  2. This is a wonderful post about freelancing work! Thanks for sharing your knowledge with us! I hope to read more of your post which is very informative and useful to all the readers. I salute writers like you for doing a great job!

    ReplyDelete