Freelancing Buzz

In this current state of economic realities, it is becoming more common for people to take up freelancing jobs and make them into a full-time job – or at least a job that pays some money. The varieties of jobs available are numerous, and some people even earn more than enough to support themselves and their families. One of these gigs is freelance bookkeeping. When you first look at it, this may seem like a regular accounting job, with the only difference being that you are doing it from the comfort of your home or makeshift office. The reality is more complex though, because it adds many more responsibilities and things you need to consider. However, do not go into the field unprepared and stressed – take a look at some of the considerations to keep in mind when getting into freelance bookkeeping. Get to Know How Much you are Worth This might be challenging to know at first, especially if you have not had a formal job before. However, you can still work on an estimate; you probably have some health benefits you pay every month, and you are living in a certain area whose rent you know. You also likely have a certain lifestyle you already live in, and expenses you have on your monthly budget. When you take into account these factors, as well as your own working experience, you can then calculate an hourly rate. You might need to discount the rates during the first few months in order to maximize on your freelancing experience, but work towards a goal in mind of getting to those ideal rates. Whether you have a Workspace Many freelancers assume at the beginning of their work that they can operate as efficiently from their beds or kitchens as they can in a typical office. However, you will be surprised to know that this is a classic recipe for burnout, so it is essential to dedicate a certain space as your office – whether it is a spare room of the house, a tax-compliant home office, a co-working space, or a library. Co-working spaces can seem crowded at first, but they actually have plenty of benefits when it comes to raising overall productivity. You will be able to complete more jobs, focus more efficiently, and feel healthier overall due to a better work-life balance. Whether you are self-Motivated When you have a traditional job, there are many legitimate pressures you will experience. However, the story is slightly different if you are a freelancer, because it is only you that expects to get your work done – not even your clients can tell you that. That raises the most important question – whether you are self-motivated enough to get your projects done. If you are the type of person that needs some extra encouragement, then working alongside others might prove to be useful. Having a Portfolio or Website to Market your Services This goes for any freelancing gig – if you […]

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© Artem Medvediev Dave Chaplin, CEO and founder of ContractorCalculator , and author of The Contractors’ Handbook – Third Edition, shares his advice on how to set up as a freelancer in the current economic climate We are living and working in unprecedented times. The economy is still reeling from the impact of COVID-19 and many jobs have been lost. For anyone finding themselves out of work right in the current climate, now might be just the right time to take the plunge and embark on a freelance career. Many businesses are likely to be taking a cautious approach to hiring permanent staff so for those risk-averse businesses, access to key skills that freelancers can offer presents a viable alternative to hiring someone permanently. For those with an in-demand set of skills, now could be the right time to set up as a freelancer. Whilst deciding upon a business model, registering with HMRC and enlisting an accountant are important tasks to focus on, here Chaplin shares his advice on setting a contract rate, marketing yourself and finding work. How much to charge Setting a contract rate is a careful balancing act. You want to establish a competitive rate that rewards you for your efforts without pricing yourself out of the market. There are useful sites online that share the standard rates that specific skills command. However, while these sites provide useful guidelines, they don’t account for the combination of skills or the level of experience required. Therefore, you should create a baseline rate based on your current salary, assess the results from your research, and ask around. Otherwise, lack of clarity over your market value could leave you vulnerable. Ask other contractors. ‘Human intelligence’ is a good source of information. Talk to as many colleagues and friends as you can, but do so discretely, especially if you’re currently permanently employed. Existing freelancers and contractors, as well as permanent employees who have worked with freelancers, understand the work and recognise the value of specific skills. If you can, speak to an experienced freelancer who has similar skills and experience to your own. Market conditions can also significantly impact freelancer demand. Browsing contract advertisements online can therefore help you create a clearer picture of the rates you should command in the current climate. And even if you end up undercharging for your first client, rest assured that you aren’t the only person who has done this. It’s more important to secure that first client. Marketing yourself Your CV and LinkedIn profile have one purpose: getting an agent or client to speak to you on the phone with a view to lining up a client meeting. These profiles are the key marketing tools you must use to be shortlisted for a possible contract. Think of them as offline and online sales brochures to market yourself with. To ensure sustained success in your freelance career, both your CV and LinkedIn profile require special attention. Design both as though you were creating an ‘elevator […]

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Freelancers are often misled to work for free, hence are easily deceived by attractive rewards. Picture for representational purposes only. – BERNAMAPIX IN ACCORDANCE with the Social Security Organisation’s (Socso) Employment Insurance System, the number of unemployed cases in Malaysia peaked at 67,068 on July 31. With the second wave of conditional movement control order coming into play following the spike in Covid-19 cases, many are beginning to feel anxious about the possibility of being laid off. As the nation witnessed a switch in the working trend amidst the pandemic, freelancing has emerged as one of the preferred modes of income. In accordance to the World Bank data in October 2020, 25.15% of Malaysia’s workforce are self-employed, with a portion attributable to freelancers. Freelancing appeals to those who want to explore different industries or acquire new skills and knowledge. This gives people the chance to pursue their passions and be entrepreneurs without abiding by the stringent 9-to-5 working hours. Self-employment is a double-edged sword. While freelancing in Malaysia has been incredibly empowering as of late, every wrong step has a price to pay. This is because scammers are constantly looking to take advantage of eager gig workers. Although having the freedom to make decisions and to determine your working environment may sound tempting, it is crucial not to neglect the risk(s) i.e. miscommunication associated with it. Receiving constant and prompt payments is one of the few struggles freelancers face. As some freelancers do not get to meet their clients or employers face-to-face, this creates the opportunity to be “ghosted” by their clients – making it difficult for freelancers to track them down for overdue payment. Gigworks CEO and founder Glenn Tay shared that freelancers are often misled to work for free, hence are easily deceived by attractive rewards. “Sketchy job listings are commonly sighted, and unfortunately, without warning labels. Though self-employment is extremely alluring for the money, it is important to be vigilant of the ‘red flags’ associated with the job,” said Glenn. These are some ways to identify credible freelancing job listings to prevent yourself from becoming a victim of fraud: Sign a contract Contracts are legally binding agreements that allow both the business and worker to deliver and clarify their roles in the deal, preventing miscommunications and disputes from arising. Regardless of who you are doing the work for, always sign an agreement that establishes the work, fees, and the time and mode of payment. Avoid fake job postings Be aware of fake job postings even on official websites. Take your time to scroll through their profile and only accept jobs from employers with a verified rating, as this determines that the client is genuine. Additionally, you may search for reviews online to determine if your client is able to meet their contractual obligations. Suspicious payment methods Freelancers often offer various modes of payments to attract more clients. Such payment methods include direct deposits, cheques and credit card payments. Scams may occur via unusual payment systems such […]

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A freelance marketplace is a venue where companies can scout for and hire professionals for jobs ranging over multiple fields. Freelance specialists can apply for positions that match their skillset and cooperate with their employers remotely. This crucial setup serves as a massive source of talent and helps connect companies and specialists across the globe. The Advantages Of The Freelance Marketplace In A Post COVID World Are Many Image: Shutterstock It brings in a convenience factor to the hiring process. With post-sifting, shortlisting, and testing, the employer can pick the perfect contractor. This is a platform with a built-in payment gateway–when the job is done, all transactions happen through this very platform. As organisations advance towards the acceptance and implementation of a flexible and blended workforce, the best platforms will operate in ways that bring professionals together, and support both shared commercial opportunity and collective innovation. We envisage that the future will bring the best freelance platforms via virtual town squares. In a technologically fortified world, where geography is no longer a barrier, the digital talent marketplace–our virtual town square–will be a place where part-time and full-time freelancers, clients, and colleagues can connect. Image: Shutterstock What Will The Future Freelance Marketplace Look Like? What might that look like in practical terms? The current digital talent marketplaces may change, grow, or improvise. Many platforms are gearing up to support interaction and shared opportunity among teams and communities and, therefore, trying to cut off a slice of the 95 per cent of freelance work that arises from associations and reputations, rather than digital avenues. Increasing numbers of talent marketplaces will understand and acknowledge that developing freelancer connections and easy networking is potentially far more lucrative than traditional marketplaces. Post COVID-19, it has become clear that freelancer platforms are much more than just talent supply chains. The tech potential might be remarkable, but only as long as it delivers the talent that clients need. Image: Shutterstock When talent becomes the most significant asset within a company, individual freelancers are more likely to associate with, and trust, other contractors, creating a self-sustaining network. With self-employment becoming a legitimate profession, a more comprehensive range and variety of freelance careers will prosper. Some of these portfolios might also inch into the world of professional or executive roles. It is also noteworthy that freelance teams of analysts and forecasters can accelerate the solving of industrial and technological problems more accurately. This indicates a new way that freelancing platforms will contribute in the future–by providing a potent but diverse approach for rapid innovation. COVID-19 has proven that remote work can be as productive, involved, and well-managed as the traditional office. The difference between a remote employee and a freelancer continues to shrink. The cost of full-time versus on-demand employment has resulted in many companies choosing to implement a flexible and blended workforce model. The execution of this new ‘Virtual Town Square’ model is an operational transformation that needs appropriate reflection and management. Also Read: Are You A […]

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This post comes from partner site FlexJobs . Welcome to our “Work From Home Q&A” series. You ask a question about remote work, and a guest expert answers it. You can learn how to ask a question of your own below. This week’s question comes from Paul: “I’ve been recently laid off, but I need to get back to work. Are there more immediate online jobs around?” It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. 4 types of gigs to consider Some job search websites do specialize in the types of jobs that hire quickly, and some of those are remote jobs. While FlexJobs specializes in more long-term remote job opportunities, we created a guide to freelance and gig job platforms to help anyone looking for a more immediate job opportunity. These types of online job boards tend to specialize in a few different areas: Task jobs , where a person does small in-person or online tasks that don’t take a lot of time to complete and don’t require advanced experience Driving and delivery jobs , which involve driving your own car to deliver people or goods and services Caregiving and animal jobs , where people can provide care in jobs like babysitting, dog walking and similar gig jobs Writing jobs , where people with excellent written communication skills can write a huge variety of content in one-off or ongoing projects And of course, there are many more freelance and gig jobs available in areas like art and design, user testing and personal assistant tasks. About me I am a career development manager and coach at FlexJobs , where I help people find flexible work, including remote, part-time and freelance jobs. Before joining FlexJobs in 2010, I was a career adviser for college students and alumni. I have a master of science in human resources management and am a certified advanced resume writer. Got a question you’d like answered? You can submit a question for the “Work From Home Q&A” series for free. Just hit “reply” to the Money Talks News newsletter and email your question. (If you don’t already receive the newsletter, you can sign up for free, too: Click here , and the sign-up box will pop up.) You also can find all past answers from this series on the “ Work From Home Q&A ” webpage. Sponsored: Earn more interest on your savings Are you earning as much interest on your savings as you could be? Grow your savings faster with banks offering rates that are significantly higher than the national average! Find the best rates and start earning more interest on your savings by using the Money Talks News savings and CD account comparison tool .

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Growing your own business and looking for additional freelance tax work? Paro has the opportunity for you during tax season & beyond! Our Freelancer Network is seeking 1099 Freelance Tax Specialists focused on Tax Prep AND/OR Tax Review with work beginning as soon as January 15, 2021, for at least 20 hours per week. About Paro Paro helps growing companies gain confidence in their finances. We match businesses with the highest vetted bookkeepers, accountants, financial analysts, and CFOs who provide remote, on-demand, hourly support when clients need it. Ultimately, our mission is to empower business professionals to pursue meaningful work on their own terms. We provide freelancers with a platform to grow and manage their book of business, along with tools to predict their future earnings. About Being A Tax Expert with Paro Paro provides freelancers (1099 contractors) with access to client work through the managed marketplace and allows you to grow your own book of business on the Paro platform while we handle the business development. Our team ensures that the client expectations and budgets of projects are clearly defined before they get to the freelancer to deliver. This freelancer will partner with a CPA firm during the tax busy season to provide support to multiple clients. CPA firms range from local boutique accounting firms to mid-tier public accounting firms. Examples of Tax Freelancer Projects (not limited to): Prepare quarterly & annual tax reports or tax returns (1120s, 1120-C, 1040s, 1065s, etc.) Leverage software such as: Ultratax, Lacerte, CCH, and ProConnect Manage and maintain the company’s tax database Perform detailed reviews of all taxes prior to filing Determine tax savings and recommend strategies to improve profits Assess and research tax issues to identify solutions Evaluate tax regulations and suggest policies that diminish tax burden Comply with regulations by forwarding required information to federal, state, and local authorities Offer support and guidance during audits Present industry trends and changes related to taxes for clients Experience/Skills Required For Tax Prep: 1-3 Years of experience in public accounting OR for Tax Review: 3+ years of experience in public accounting (CPA Required) College degree in Accounting or Tax (a plus) Detail-oriented and highly organized Advanced excel skills Ability to work independently, without guidance and meet deadlines Integrity, ethical standards and understanding of confidentiality Professional communication skills- written, verbal and presentation skills

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Scaling up a business is always a good idea and scaling usually starts with moving your physical business to a digital platform. And for that, you need someone with full-fledge knowledge of web development. Here, you have two options, either hire a freelance web developer on a project basis or hire a web developer in-house. Either way, you require someone who does not only have knowledge of building a website but also knows how to maintain it and keep things simply smooth for you. This blog is an answer to the question that is often asked, Are web developers actually worth hiring? Why you need a web developer? Web developers are always a great addition to your team as they can help you create web applications and websites for your business. And a website for your business is always invaluable. Not just that, a web developer can help you with quite a lot of other things as well. Which includes the following aspects. Wide range of expertise A good candidate, whether it’s an in-house or freelance web developer has knowledge of not just web development but also knows about web designing ( yes, they are not the same thing ), On-Page SEO, and digital marketing as well. This will be beneficial as the web developer who knows about other digital aspects will organize your website and the tasks accordingly and this will be a big plus in scaling forward and time-saving Technical Support There are some times when you/your client are stuck with some technical issues and are not aware of how to move forward with it. In that matter, a web developer is always there for the rescue. It is because they are the ones who know how things are working and they will be there to provide you with the solutions. Optimization A web developer will always stay ahead and will make sure that your website is completely optimized. Not just the desktop version, but the mobile version as well. They will work on your website to make it as responsive as possible without increasing the site load time. (Fokus Web Development Agency has an outstanding team of expert Web Developer, find out their services here ) Digital Strategies A web developer constantly keeps themself up-to-date with current technologies and trends. This means that they know how and what things are working and what is not. They are always the right person to contact for your digital strategies and they will also introduce new strategies as well. Responsive Designs If your website is not responsive and compatible with the latest mobile technologies, then you are in danger. Because mobile search traffic is growing every month and if your website is not mobile-friendly, the bounce rate will increase and you will lose quite a lot of potential clients. A web developer will build your website as responsive and mobile-optimized as possible to make sure that you are not losing anything in short term and long term as well. […]

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Hiring a freelance translator to get your work done can be quite risky if you do not perform certain things as a part of the selection process. When you are hiring a full-time employee, you would certainly be extra careful as the kind of projects that are assigned to them might be crucial to the organization. If you do not spend enough time in hiring the right resource, then it is not just the project that suffers but the entire organization on a large scale. Likewise, when you are hiring freelancers, especially on the translation projects, you must take extra steps else you would certainly end up regretting at the later stages. You can learn more about some of the tips that are to be incorporated when you’re planning to hire a freelance translator to get your assignments done from the below section of the article. Perform a complete and thorough research There is a huge database of freelancers that is available to every client, and when you are planning to hire a freelance translator to get the freelance transcription jobs done. It is important to perform complete and detailed research on the entire database before you finalize on any individual or team for freelancers to work on your assignments. It is also mandatory to churn the details along with the relevant experience by looking at the profile and finalize the top 10 profiles that you would want to take forward. Have a telephonic discussion with the freelancers Once you have finalized on the top 10 profiles, you must call up all of them and have a telephonic discussion. Once the telephonic round of interview is conducted, it is good to invite them for a face-to-face discussion in order to get more relevant details about the freelancers related to the qualification and also the kind of assignments that they would have done in the past. Also when you have a face to face discussion, it would be easy for you to understand the body language and you would also be able to compare the person who spoke to you on the phone along with the person who your meeting. The freelance industry is so vast that you will not be able to identify the difference between a genuine freelancer and a scammer. The chances of two people attending the same interview are possible as well, and that can become quite risky when you assign the project. Also, when the project is assigned, it is good to have frequent video conferences and check as to who is working on your project on a regular basis. Remember to prepare a tough questionnaire When you are conducting an actual interview for a full-time employee, they would have to go through certain levels in order to get a job. Likewise, it is important to put a few processes in place when you are hiring a freelance translator as well. Remember to create a questionnaire that is quite tough and difficult to crack for […]

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I think it’s fair to stay the ‘working from home trend’ is here to stay after the pandemic. However, it’s not a new concept but recently people are looking for more ways to earn money online. You might also want to get started with freelancing or even to work independently. So, this article will help you get on the right track. Full disclaimer: You probably know this by now, but I’m not a freelancer myself, however, all the tips and advice on this article have been collected from people who are successful at freelancing. Focus on your skill set The first step towards becoming a freelancer is to list down all your skills and then only choose the ones you’re most experienced in. Discovering your strengths will help you stand out from others. Sometimes we’re able to do multiple tasks, which is completely normal. But, you don’t have to be a jack of all trades. It’s a lot easier to beat your competitors if you only focus on a specific niche. At the beginning, it’s also very important to build your reputation as an expert in a particular field. This will help you get permanent clients because if they’re looking for quality work then they’ll always prefer an expert instead of a general-purpose freelancer. Later on, you may gradually expand your services in that skill to get more work. Find low competition but profitable keywords At this point, you’ve selected a skill to provide freelance services. Now, there could be many types of services that you can offer for each skill. For example: So, the main idea is to rank your profile/service in search results. It’s very important to get continuous work because now clients will find you organically. But, the thing that matters the most is if a client is searching for a freelancer and your profile or service is not showing in the search results, then they will probably never find you. Hence, you’ll not get any jobs. To do so, we’ve got to perform extensive keyword research. It’s absolutely fine if you have to spend a few days on it. Having a basic understanding of SEO will help you at this stage. In case you’re not familiar with SEO concepts then I would recommend learning it. As you’re just starting out so your main target is to find keywords for services that no one is working on or has a very low competition. This is because you can easily rank on low competition keywords as compared to high competition ones. Also, remember to find keywords that are profitable. Meaning that people must be willing to spend money to buy your services. There’s no reason to waste time on services that no one is looking for. Select a few freelance marketplaces Recently, I published an article about best freelancing websites on Live Code Stream. Try to have a look at it and select two or three platforms to get started. The major benefit of a freelance marketplace […]

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Marwan Abdelaziz Marwan Abdelaziz is the chief executive officer of Ureed.com Dell . Amazon. Xerox. SAP. What do these companies have in common? They have all shifted their models to be fully or 50 per cent remote, which means a global talent pool, increased productivity, enhanced performance and to top it all, reduced costs. In the past, an office was considered the cornerstone of any business. Nowadays however, and thanks to the pervasiveness of various technologies, the idea of having an office is becoming more redundant and less essential. More businesses are shifting their operations virtually to leverage the benefits of having a remote workforce. As the new remote norm emerges due to the spread of the Covid-19 pandemic situation, now more than ever, businesses are deviating from the traditional thinking that productivity is contingent upon set hours within an office environment. Instead, the new normal points to a direction for companies to adopt a 100 per cent remote model, or at the very least, outsource many of their business needs to freelancers. …but first, why hire freelancers when you can have a more traditional full-time workforce? Most well-established businesses struggle to embrace the change as it is more difficult to remodel their structure or change how they work. However, the reason why startups thrive in today’s competitive world is because they are flexible enough to work with freelancers. In fact, freelancers can offer flexibility to your startup as they can work around any of your desired schedules. Since freelancers come from all around the world, you will find that most of them can easily adjust to your time zone. They can be your on-call assistance and are typically ready and available online. Additionally, as a startup still experimenting with talent and struggling with onboarding, hiring freelancers is usually a more fitted solution as they are already familiar with your industry and require minimal supervision. This is unlike a full-time employee who still requires your attention for at least three months until they’re familiar with your system, and let’s face it, as a business owner managing a startup, you are probably spread thinly and already being pulled in too many directions. As your time is being consumed up by accounting, operations, planning, budgeting and other management needs, it’s time to look at hiring a freelancer to allow you to get more things done and focus on your core business tasks. When starting your own business, it is essential to keep your overheads to a minimum by ensuring that employee costs will not swallow up your whole budget. This is considered the main attraction of freelancers to business owners as their potential is proven when it comes to saving costs. Having a closer look at the cost comparison between hiring a full-time employee and a freelancer, employers are not entitled to paying additional costs to full-time workers including recruitment and training, taxes, fringe benefits such as medical insurance, paid vacation, equipment and office space. Where to find the right talent […]

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