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.

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