Things You Should Know Before Jumping into a Freelance Career

Along with the growing trends of working from home and online, freelancing is becoming a more and more popular career path. Freelancing allows for a high level of autonomy, flexibility, and ultimately, freedom. Regardless of the industry area, there are increasing numbers of opportunities to jump into a freelance career to support multiple clients at the same time while diversifying your income in an uncertain economy. So to provide some clarity, freelancing is a type of self-employment. The key differentiator of freelancing is that a freelancer works with a variety of clients simultaneously instead of running a single business. Freelancers typically offer services, products and knowledge that support a specific area of their clients’ businesses or lives. While freelancers decide what they are going to offer, their work is usually guided by their clients’ requests and needs. Here’s what you need to know before leaping into a freelance career: What You Need to Know Your Workflow Will Fluctuate One of the biggest draws to being a freelancer is the flexibility. No more 9-5 workdays and clocking in and out. But with that flexibility comes some ebbs and flows. Depending on the services you offer, you will need to continually secure clients which will naturally lead to some variation in your workflow. Some weeks you might have a packed schedule, but then you might wrap up with a few clients and have a lighter workload for a while. So while freelancing allows you to decide your own work schedule, you’ll need to plan for financial and time fluctuations. You Need to Create Structure It’s challenging to be a successful freelancer without at least a little structure. Even though a free-flowing schedule is most likely a reason you might choose a freelance career, having a schedule will make you more productive every day, week and month. And since you’re a freelancer, you have the power to set the structure and change it whenever you want! So when you’re creating a work structure for yourself, start with setting yearly, quarterly, monthly and weekly goals. Then create blocks of time using a digital or paper calendar to work on the various projects that need to happen to accomplish those goals. Having time blocked off and real (but flexible) deadlines will help you make consistent progress as a freelancer. And don’t forget to include time for completing business-related tasks (i.e. money management), planning, professional development, stress management, breaks, meals, and personal time in your calendar, too. You Need to Sell Yourself Even if you’re doing freelance scientific writing or quantitative analysis, you need to be able to sell your skills and services to prospective clients. Think about how you can let clients know what makes you different and how you can solve their problems. To do this, it helps to spend some time writing a professional bio to use when marketing your services, building a portfolio of your past work for clients to look through, and crafting a sales pitch that speaks directly to […]

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Remote Freelancing Jobs Are On The Rise

Companies are increasingly offering remote freelancing jobs as a way to embed flexibility into their organizations. Research claims that companies are increasingly offering remote freelancing jobs as a way to embed flexibility into their organizations. While technology is typically the largest freelance job sector, the research has found that remote freelancers can be utilized for a variety of professional services. It is estimated that 37%, or about 25.7 million jobs in ‘non-tech industries’ in the U.S. could be done by remote freelancers. The coronavirus pandemic impacted companies large and small, across all industries. Many of them are facing the same challenges: getting work done with limited resources. As a result, executives are exploring new business models, rethinking their operating models, and finding ways to make their organizations more agile and resilient. A recent research report by Upwork claims that companies, including those in non-tech industries, are offering remote freelancing jobs as a way to embed flexibility into their organizations. This approach not only helps them grow and contract on an as-needed basis, but it also helps with budget constraints. “Many companies, both inside and outside of tech, utilize remote freelancers for a variety of professional services. This is especially important when activities need to scale up and down quickly, occur on a project-by-project basis, or are in skill areas that are increasingly scarce in tight labor markets.” A World of Opportunity Data gathered by Upwork shows the value and potential that remote freelancing can provide businesses outside of the tech industry. Below are some key findings from the research report: The pandemic identified the opportunity of remote work for professional services jobs across every industry: on average, 22.9% of workers across all “traditional industries” were remote as of January, 2021. The opportunity to engage remote freelancers in industries outside of tech is significant: Upwork estimates that 37% of, or about 25.7 million jobs in “non-tech industries” in the U.S. could be done by remote freelancers. Companies in these “non-tech industries” are already embracing remote freelancers: when looking at Upwork’s largest clients, as measured by spend, over 25% are “non-tech clients”. Upwork’s 100 largest non-tech clients are working with remote freelancers across many areas of their business: 35% of businesses are hiring freelancers in web, mobile, and software development as measured by spend. Followed by 12.1% in sales and marketing and 11.7% in customer service. Companies continue to realize the benefits of engaging remote freelancers: among the 100 largest non-tech clients that were also on Upwork in 2019, total spending grew by 44.2% in 2020. Non-tech clients also recognize the opportunity once they engage remote freelancers: 80% of the 100 largest non-tech clients increased their spending in 2020 across a variety of categories. Professional services are involved in every part of the economy. This means that the opportunity for professional work is everywhere, including remote freelancing jobs. Given the nature of work today, “professional services have become widespread and, as a result, these jobs exist in every industry.” Even companies […]

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Upwork: A Great Long-Term Growth Play

Photo by GoodLifeStudio/iStock Unreleased via Getty Images Upwork (NASDAQ: UPWK ) is the largest freelance marketplace provider in the world. Global trends bring tremendous growth opportunities for the business. Analysts expect double digit CAGR for upcoming decade. Our short-term strategy brings at least 21% annualized return. The gig economy is one of the fastest growing industries in the world. People prefer to work as a freelancer as it allows them to be able to manage their time freely. In 2020 the industry enjoyed tremendous tailwinds as lots of people lost their jobs and were urged to stay at home. Global digitalization and spread of internet services are huge contributing factors for the industry as employers get a chance to hire employees from international markets and find perfect workers for their companies. Employers which are located in a high-income country always face a high labor cost problem, however freelance community solves this issue as it gives an opportunity to hire a specialist with a cheaper wage from a low-income country. At the same time, employees get an opportunity to find a job which perfectly fits with their abilities and interests. It is also creating an opportunity for a low-income country specialist to get high wages coming from developed countries. So it is also solving global inequality issue as low-income countries’ employees “import” tremendous amounts of money from abroad by exporting services. Covid 19 brought tremendous tailwinds to the industry, however even pre-pandemic trends were very promising for industry players. Social surveys indicate that 67% of regular full-time employees are intended to leave their traditional workplaces for a freelance job. At the same time, employers also start to seek talents from freelance communities as 30% of Fortune 500 companies are using the network to find employees. It is also expected that the gig economy will grow 3 times faster than traditional workforce. It is worth mentioning that the gig workforce earned $1.7 trillion in 2020, while 78% of survey participants said that they will increase their gig services in 2021. So it is clear that gig economy is revolutionizing traditional workforce industry and is proposing attractive growth opportunities for stock investors. One of the leaders of the industry is Upwork which is the largest freelance platform by GSV in the world. When you search a freelance job or a freelancer to hire for you project in google.com one of the first links you see is upwork.com. The website has an average 38 million visits per month, while about 21% of these visits are from the USA. About 72.5% of visitors enter the website directly – without searches, which means that the company has already established a well-known brand and has a loyal user base. Another factor which proves high loyalty of users is the Client Spend Retention Rate of 106% . The rate measures spend retention of clients who were Upwork users more than 13 months. Visits by searches represent 15.6% of total visits; however, even in this case, the majority […]

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Most Popular Freelancing Platforms

Freelancing is one of the most acquired jobs specially among the young youth. While, previously freelancing was not that well known as a profession over the years slowly and gradually this work is making its place strong with over 1 billion freelancers worldwide currently. This means that freelancers represent over 28 percent of the global workforce and the growth has been seen rapidly increasing this past year with working voluntary choosing this as their full time profession. According to survey, a new wave of workers transitions to the more flexible form of work with 75% of freelancers claiming they wouldn’t trade their current work set up for any other type of work. The pay rate of a freelancing job varies from the job type to the amount of work but if you are someone who knows you have the potential to adopt freelancing as a profession let us assure you that the payments are better than you would expect since currently estimated market size of freelancers is $1.6 trillion in the US alone , this means you need to find the right job for you to make a good amount. But how would you know what is the right job for you? Well, freelancing has various branches like content writing, graphic designing, digital marketing, web development etc. and even if you come from some other profession totally unlinked to these types, you can still be a freelancer by choosing what among the freelancing types is your best bet. After finding the job type you are best at, learn which platform will be the best one to start off your career. You must be thinking, there are so many platforms and all of them have thousands of jobs every day. That is indeed correct but though all platforms look the same in reality they are not. Hence, understanding how platforms are different from each other and which platform will be the best for you in finding clients is very important. There are different platforms for different job types for example, for freelancing in IT CodeMentor, TopCoder, and CleverTech and many others are available. For graphic designing 99Designs, Envato Studio, Behance etc. are present. Platforms such as UpWork, Fiverr and Freelancer fall in the general category which provides access to all sorts of job types including web designing and animation. Deciding which platform to focus on can be challenging. Initially start off by checking the terms and conditions of a platform before you join them. Some platforms like UpWork gives freelancers direct access to the clients while well-known platforms like Fiverr do not. At the same time, some platforms may cut a commission fee, and may pass on the costs to your customers, charge you directly, or sometimes even both. In order to gain more tasks, the best thing to do is make a presentable profile because many well-known platforms have a huge numbers of jobs everyday but at the same time they have a lot of competition as well. So […]

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7 Signs You Might Need Content Marketing Help

Content Strategy 7 Signs You Might Need Content Marketing Help By Jonathan Crowl on May 19, 2021 Successful brand-building doesn’t happen in a vacuum. It’s only a matter of time before your marketing department will have to navigate talent acquisition to work with specialized services and skills. As your brand marketing strategy evolves, you may discover you need help from outside marketing experts. In some cases, this might entail engaging a content marketing partner that has the resources and expertise to execute your strategic vision. In others, it might mean connecting with freelancers, consultants, and other professionals who can complement your in-house talent with unique skill sets and perspectives. As your marketing strategy evolves, so will your constraints and pain points. Typically, though, these problems have simple solutions. The bigger challenge facing many brand marketers is identifying exactly when it’s time to look for outside help. While a bootstrapped approach to brand marketing has a certain appeal, leaning on specialized, grounded expertise is a straighter path to improved marketing performance and overall business outcomes. There’s virtue in being able to admit your marketing strategy would be stronger with another mind in the mix—here are seven common triggers and challenges that may indicate it’s time to seek a helping hand. 1. You’re ready to build a strategy, but you’re short on internal experience. Content isn’t as simple as publishing blog posts to your brand’s website. Before you start counting page views, build a strong foundation for your strategy. It’s vital to: Exhaustively understand your customers’ pain points Target content to specific buyer personas and stages of the customer journey Account for SEO and other optimizations that support content success Align content strategy with larger business goals Create consistent messaging across different pieces of content targeted to the same personas and pain points A strong content marketing program maximizes the efficiency of its content production, including how assets are managed and repurposed across multiple content channels. And, crucially, it’s built to support continued experimentation and optimization over time: Skyword research shows that 85 percent of top-performing content marketing programs routinely adjust their content mix to adapt to changing business needs. If you haven’t built or managed programs in the past, the task can be overwhelming—especially when you’re adding this project to an already full plate of responsibilities. A trusted partner can guide you through this process and build a program poised for success. 2. You’re eager to experiment with new content types, but you lack in-house expertise to guide campaign development and content production. Suppose your business is already producing certain types of content, but you’re eager to expand production to include new content types to further engage your target audiences. Each content type comes with its own set of best practices and challenges. If your in-house marketing team hasn’t worked with these content types in the past, you could be facing a lot of trial and error—and wasted resources—before you land on the right approach. A content marketing partner, along […]

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How Freelancers in Singapore Can Save for Retirement

Saving for retirement can often be an anxiety-inducing topic. With 14% of Singapore’s labor force reported to be self-employed in 2020 (World Bank), the question about how to save for retirement as a freelancer could not be more relevant than it is now. While the most obvious answer to the above question is to put money aside, there are many ways of doing it. You can simply decide to set aside a percentage of your monthly income, to invest it, or to put it in a savings account. Each option, however, largely depends on your income, retirement age, and current financial situation. Set Up a Retirement Plan In order to set up a retirement plan, you need to answer the following questions: After answering these questions, you will get an idea as to how much you need to save. The current retirement age in Singapore is 62 years, and will increase to 63 years in 2022. While this may not affect your retirement age as a freelancer, for the sake of retirement planning we will use the official retirement age. The table above assumes individual monthly expenses in retirement to be S$1,793 (Singstat). Overall spend in retirement is also based on a life expectancy of 83 years. An additional factor we need to consider are healthcare expenses. All self-employed Singapore citizens and permanent residents need to make compulsory contributions to their Medisave Account if they are making more than S$6,000. In addition to making compulsory contributions to your Medisave Account, you can choose to make voluntary contributions. The great benefit of voluntary contributions is that you can claim tax reliefs for those contributions to lower your overall tax expense. Set a Goal and Save The simplest way to save for retirement is to calculate your monthly income and monthly expenses and decide on a realistic amount you can set aside for retirement monthly. This should typically be a certain percentage of your monthly income rather than a fixed amount. Calculate when you want to retire and how much you would spend on average monthly after you retire. Average household monthly expenses in Singapore are S$3,586 (Singstat), assuming the household size is two people. This implies individual monthly expenses of S$1,793. It is also important to remember that there will be several expenses you will no longer have to worry about in retirement, such as your tax expense, your Medisave Account contributions, health insurance, children’s tuition costs, work-related expenses and possibly even life insurance premiums. This method of saving for retirement has many downsides: you are not earning interest on your savings to offset inflation, you’re not getting tax breaks on your savings. CPF Contribution Central Provident Fund is a social security savings plan providing Singaporeans with a plan for a secure retirement. While making contributions to your Medisave Account is mandatory, you can also make voluntary contributions to your CPF Ordinary Account (OA), Special Account (SA) and Medisave Account (MA). Ordinary Account contributions can be used for housing, insurance, […]

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3 Business Ideas For Students In 2021

In 2021, the workforce is going to look very different than it does today. Students are going to have a lot of different options when they graduate from college and enter the world of work. The good news is that there will be many opportunities for students in so many different sectors. For this blog post, we’re focusing on three business ideas for students in 2021 – these are all industries with plenty of growth opportunities and few barriers to entry! Entrepreneurship may not be right for everyone though so here are some alternative ideas about what you could do instead: Become a freelance writer This is one of the most popular ways for students to make money in 2021. With more and more people writing blogs, articles, content on Rapidessay , LinkedIn, or Medium, it’s a great opportunity to find work as a freelance writer! There will be plenty of demand for writers with different skill levels – from beginners who want experience before they apply for staff-level jobs at companies down the line, to experts who’ll be able to charge a premium for their services. If you’re looking for an opportunity, this is one that’s sure to stay relevant! Becoming an entrepreneur might involve much riskier ventures than going into business ownership, however, there are many benefits that can come with this decision including financial freedom and independence. Work in the gig economy Besides the writing platforms, you have the option of joining the gig economy. It’s a growing trend that can offer you an opportunity to make money in your spare time, as well as work on projects that interest you. In order for this business idea to be successful, it is vital that you provide good quality products and services at reasonable prices with great customer service! For example, you can use freelance platforms like Upwork or Fiverr as a gig economy opportunity. Another option is to offer yourself up for jobs through online job boards, such as Indeed and Monster, on sites like LinkedIn and Facebook. The downside of these gig economy opportunities is that in order to succeed, you need a lot of positive reviews and ratings in order to get noticed. Create an online course to teach something you know well Another great opportunity for a student is to create an online course and offer it up for sale through platforms like Udemy, Skillshare, or Teachable. This business opportunity requires you to know what you are talking about in order to attract students and sell your product. You can use social media as well as other marketing avenues to promote yourself and get the word out. A successful online course starts with a message. What do you want your audience to know and believe? To have them experience what it would be like if they could walk in your shoes or see things from the perspective of where you come from? As a student, it’s hard to know where to get the […]

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Instagram Will Offer New Ways for Creators to Make Money

Image source: Getty Images Instagram will soon offer new monetization tools so online creators can make more money while doing what they love. It can be fun to create the online content that people view as they scroll through their social media feeds. But it’s also a chance for online content creators to earn a living from creating that content. Instagram is planning to make it easier for content creators to earn an income and put more money in their bank accounts . Mark Zuckerberg recently sat down with the head of Instagram, Adam Mosseri, to discuss some upcoming new features that will allow creators to generate money from their Instagram content. Keep reading to learn more. Instagram is developing new money-making features for content creators With these new features, creators will be able to generate income in a variety of ways. Here are some of the new features that will be available to creators: Creator shops where creators can sell items directly to their followers An affiliate marketplace where creators can make money on the products that they promote through the Instagram platform A marketplace that would match creators to branded content opportunities While Instagram is currently developing these features, there is no set date for when they will be available to creators. These features will benefit many While creators can currently make money by posting sponsored content, these transactions don’t happen on Instagram. Instead, creators have to work with brands off the platform to figure out the details and get paid for their work. Instagram wants to make it easier to monetize content with these tools so that creators can make money within the app. This will make it simple for content creators to continue doing what they love while also having the opportunity to increase their earnings. Features like the matching marketplace can also help brands better promote their own products and services and find the right creators for the job. Plus, the easier Instagram makes it for creators to earn money through the app, the more content they will likely post. It’s a win-win for all involved. Remote work and online work are on the rise According to SignalFire , there are currently 50 million content creators. That shows that many people are already making money online, and that number is likely to grow as time goes on. In today’s world, careers are evolving. More workers are pushing for remote work opportunities and are seeking out ways to make money online. Workers want greater flexibility, and some people no longer want to work in a traditional job setting. People who make an income through online apps, platforms, and gigs can enjoy a more flexible work-life balance and work the days and hours they prefer. Many remote workers and online gig workers are moving to the most affordable cities to stretch their income even further. In these cities, they can enjoy a lower cost of living and a lifestyle with more freedom. Freelance income can vary […]

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Are You a Freelance Cartoon Animation Contractor?

Are You a Freelance Cartoon Animation Contractor? 1 As a freelance animator , you are the one in charge of drawing up the designs for your client and delivering those designs to them. If you are working as a freelance animator, there are a few things that you will need to consider. The first is that you need to know all the different kinds of animations that you can draw from. Animation includes motion graphics, 3D modeling, and computer animation . You should be able to draw from these different areas and deliver the best quality animation possible. It is important for you to learn as much as you can about each of these different kinds of animation. Learning as much as you can about these different animation styles will be of great help to you as a freelance animator. This will be a great way for you to make money online. Another thing that you will need to consider is that a lot of people hire you to do this kind of work because of the versatility it offers you. You will be able to work with more than one client at a time, which is a great way to maximize your profits. There are many freelance animation sites online that you can get jobs from. However, there are also sites that post a range of hourly rates. If you are working as an hourly worker, you will be able to make a lot of money in a short amount of time. These sites will post rates ranging from a dollar an hour to more than a dollar an hour. Media Placement Opportunity With Promotions. Get 25 Articles Placed & Promoted Here is How to Get Your Press Release Distributed To 200+ Websites The Linkedin Influencer Marketing Bundle For Your Business But Under $100 You will also have a wide variety of projects to choose from. Freelance animation covers a large variety of areas, such as weddings, fashion, cartoons, fantasy, and many more. As a freelance animator, you will be able to choose creative projects based on what you like. Creative projects are a great way to make money. You will be able to choose from a wide range of different animation types , such as 3D modeling, manga, action, and more. It’s a great way to expand your knowledge of animation and develop your skills as a creative professional. When you are looking for a freelance animation project, you should keep in mind how long it will take you to complete the project. The amount of time you will need to complete the project depends on the complexity of the animation project and how involved you are with completing the project. For example, if you are animating a full length movie, you will need to have the film finished in a few months. It’s important to remember that becoming a freelance animator is not easy. There are a lot of people who become good at it and […]

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FlogApp: A new success story in the UAE

For those who may not be familiar with FlogApp, it is an application and web portal designed specifically to contribute for both sides of the freelance market only in the UAE. Freelancing has taken on a new appeal, not only saving on administrative/organizational costs (like desk and office space), this freelance model with all it offers of flexibility and diversity is proving to be the new career choice for highly skilled professionals and those looking to utilise their skills equally. This application enables freelancers to create and maintain their career ambitions by developing long-term working partnerships, and in the last ten months, FlogApp has successfully led 11,000+ freelancers and 3,500+ clients to use the application to complete their pending assignments and projects. FlogApp has recently introduced new features on their website that allows freelancers and employers to access everything from the application via the website http://www.flogapp.com such as creating an account, applying for jobs or pending task, and negotiating with a freelancers and many more accessibilities. As the arketing Consultant of FlogApp said that “With loyal clients and freelancers, a smart, easy-to-use application and an orchestrated marketing plan, we not only launched our website but in a short period of time, we managed to be in the TOP 10 mobile application in the UAE under our category on Google Store. Our marketing team are not satisfied yet! They are planning for more achievements to come & our main goal to keep increasing our user’s satisfaction “ FlogApp is a social impact platform that supports clients and freelancers of UAE community in this market. The hardworking staff behind the application have ensured that this platform can be trustworthy for clients and freelancers by providing a convenient way to post a job and having the right freelancer manage it, as well as ensuring that the freelancer gets paid for their work. The interesting additional to this app is that it is completely free of charge for all users unless they choose to access one of the membership plans that FlogApp offers, whether it is the Gold Plan or the Platinum Plan. Professionals in the UAE want a more flexible lifestyle with more independence and new business opportunities. We see not only doing something revolutionary for freelancers, but also a new standard for how people can work and continue to work in the future. The application is continuously adapting to the frequent developments in this fast-moving industry, so expect plenty of interesting new updates to satisfy market demand. “Perfect application that fits all ages. Multiple categories to satisfy everyone’s needs. Very user friendly platform. I have been trying to find the right person trainer for myself through websites/social media but was difficult and not what I needed. FlogApp found me a trainer with my requirements. Amazing service, quick & easy! Thanks for such great support!” – Rose Al Sheikh Happy clients strive us to do better!

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