Monday, August 15, 2016

3 Top Financial Concerns Freelancers Have To Deal With

"With great power comes great responsibility." Whosoever said that first, whether it was Uncle Ben or not, must have realized the implication of having great power through his own experience. People who lacks experience, understanding and empathy wouldn't be able to say something as strong as that statement with conviction.

Why did I brought that up? Several years ago, while working in the corporate world, I often hear colleagues complained about their career and salary; they would put their blame to their bosses. When I chose to work freelance, I realize that this career path have given freelancers flexibility and independence that the 8 to 5 corporate job couldn't provide--and that I equate to power, my friends. But then again, power comes with responsibility. It is something that we can't enjoy without repercussion. The financial is just one of the many aspects of the career that freelancers have to take charge by themselves. If it fails, there is no one else to blame but yourself.

In this blog post, I discuss the top 3 of the financial-related issues that I personally come face-to-face as a freelancer. I assume most freelancers deal with the same issues and it is worth discussing because it's a big deal,

1.  How to price your freelance service

When I started my freelance career, I was clueless on how to set my freelance rate. I thought that this issue would losen up as I stayed longer in the business. I never knew that I would still be facing the same question until now.

Not knowing how to rate your freelance service is pretty understandable when you are still starting out. Your paycheck from your previous 8-hour job is not a good basis to compute your rate as a freelancer. There are just so many things you have to pay on your own to operate your business. You have to consider all of those stuff plus the kind of lifestyle you want to live.

Sunday, August 7, 2016

Freelancing 101: How To Apply For A Freelance Job

Virtual Talent Philippine's Freelancing 101 blog posts are intended to help out freelancers who are
just starting out. From time to time, I do receive emails and messages asking me about how to get started in the freelance career, how to apply for a freelance job, how to create a proposal to potential clients, and the list goes on.

With my 5 years freelance work experience, I must admit I still have a lot to learn. Nevertheless, those years have given me sufficient learning experiences to understand the ins and outs of the business.

What I'd like to discuss right now is how to apply for a freelance job. However, before applying for a job, if you seriously want to make freelancing as your career, make sure you have your online profile ready first and if possible with your portfolio. Read my previous blog post on Freelancing 101: Beginner's Guide for New Freelancers to see what preparations you have to do prior to applying for a freelance job.

Freelancers are expected to be expert at something or at least experienced in various tasks. Hence, potential employers or clients anticipate that you are able to deliver the output efficiently. In most cases, which is true to most of the short term projects, clients just post their jobs and discuss the specifics and their expected output during interview. They are busy people hence they wanted to outsource freelance service so they can focus on the things they deemed more important. Sometimes, you only get to talk to these clients during the interview, start of the project and end of the project.

Some employers or clients might be willing to hire newbies whom they can teach and train you, micro manage you even, but don't expect you can negotiate your rate--they will hire you at entry level rate, which is actually what they are budgeted for.

Sunday, July 24, 2016

10 Freelance Job Sites For Filipino Freelancers

Freelancers are continuously in the look out for opportunities and potential business. To many of us who've been getting their freelance gigs from Upwork, admit it, many are disappointed with the new policies and practices that are rolled out. When companies--whether that is in a corporate setting or in the freelance world--start to lose that certain culture we got acquainted into at the very beginning, our interest slowly decline. Though that doesn't necessarily mean we are giving it up, it's either we adapt or we find ways of releasing most of our energy and effort to something worthwhile.

Recently, I find myself spending more time looking at other freelance job sites and among other sites that I would uncover opportunities. I am still with Upwork though, I still have several contracts with the platform. Never did I planned to end my relationship with the site. It is where I started and I believe that as long as it is giving me opportunities, I will never cut my ties.

Sunday, January 17, 2016

Boost Your Freelance Career In 5 Ways

If you've been a freelancer or entrepreneur for quite some times, you know the drill during the start of the year. Your business and personal goals should already be in place and your strategies laid. If you haven't written them down, I am sure you already have it in your head the path or career moves you plan to take. But it helps to write your goals down. It is good to revisit them as the year progress and see how well you are doing.

We all wanted improvement in our lives. As a freelancer or an entrepreneur, nobody else would initiate our improvement but ourselves. To help us out on how to do that, I have highlighted some points that we need to look at and consider.

1.  Increase our rate

Inflation rate here in the Philippines averaged at 8.70 percent from 1958 until 2015. How can we beat that?

Aside from getting smart with our money and invest on products that could potentially earn more than inflation, we need to increase our income. That means, we have to increase our rate. But of course, we should be ready to justify by the quality of our work, additional knowledge and new skills we develop.

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