What’s The ROI On Freelancers?

AVP of Talent at FedEx Employees Credit Association , overseeing talent management, development and succession planning. Getty In a recent article supporting full-time employees over freelancers, I argued that full-time employees bring a greater ROI for companies. My position on that emerged from my experience in industries where employers are replacing full-time employees with freelancers to save money on benefits, often in parallel with oversaturated job markets where people will take any job they can get to try to get ahead. A friend of mine, Kevin Tankersley, who is a freelancer himself, reached out in disagreement with my “expert advice.” Our conversation got me thinking about what I had missed — and on second thought, freelancers have a lot to offer. Customization Hiring freelancers, or independent contractors, equips companies to offer a wider array of products and services than they could otherwise afford. Just like consumers can afford a wider array of entertainment through streaming than through cable or buying titles, companies can essentially customize their catalog through freelancers in ways they could not do through their permanent personnel. This can make all the difference in responding to evolving consumer demands. And in cases where an ethics violation has tarnished customer confidence, independent contractors bring essential accountability to help companies recover and restore relationships with their customers. As third parties, freelancers can help companies perform, mature and thrive. Cost Savings Hiring a freelancer is a form of cost-sharing between organizations. Most organizations need a PR expert at some point, but most can’t afford to have PR on staff permanently. Even if the freelancer costs more per hour than an employee, companies can ultimately save money in the long run compared to inflated staff costs and certainly compared to the potential liabilities of someone inexperienced making a costly mistake. Quality Control Companies can also evaluate the quality of a freelancer’s work from project to project, giving them more options for quality control than with a regular employee. By examining their past work, talking to past clients and studying their work over time, companies can decide if the freelancer is the right fit for them, and if they aren’t satisfied with the result, they aren’t locked into an employment relationship. In my expert advice, I wrongly stated that freelancers don’t care about your organization’s well-being. What I should have said is that good freelancers are invested in your organization’s well-being because they know it ultimately serves you both. Delivering the work as agreed and on time supports healthy relationships between parties. If you are happy with their work, you are likely to hire them again. Their success depends on your success, and this mutual dependence drives strong performance for both parties. Clear Expectations Whereas a number of regulations govern the relationship between employer and employee, freelancers offer a more flexible arena for communicating expectations. The contract should outline a clear statement of the project and its stipulations, communication expectations and a timeline for completion. Typically, freelance contracts also give both parties […]

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Tips to Thrive As A Freelancer in Singapore

Tips to Thrive As A Freelancer in Singapore Freelancing is a great way to earn a living while having a flexible schedule and lots of exposure in multiple industries. Freelancers are also able to decide where they want to work. This flexibility allows people to work on multiple projects simultaneously or adding a freelance job to their main job as additional income. However, being a freelancer does not guarantee that you will be successful. Take a look at some of our tips on how to thrive as a freelancer. Select Your Niche Before you hunt for work, you have to find out where your expertise lies. It helps to build off of something you have worked on before or something you are very interested in learning. To start off, make a list of the skill sets that you have and select a few that complement one another. For instance, if you pick web development, then related skills that go along with that could be computer graphics and web design. Three things to keep in mind are: You enjoy exercising the skill you want to offer as a freelancer. There is no point doing something that you will not enjoy. You are experienced and competent in that skill. You will be expected to have a working proficiency in the skill that you select. You are able to find clients interested in paying for your services. Many people will try to pay under the regular rate for your work or will ask you to do it for free as a favor. Always know the value of the work you are doing and look for clients willing to pay. Lean On and Build Your Own Personal Network One of the best ways to get work as a freelancer is by receiving referrals from previous clients and your own personal network. Referrals serve as testimonials for potential clients and can help spread your name around. This will help you build a network and result in even more referrals in the future. There is no shame in asking for a referral. Remember, the worst a client can say is no. Another way to find work is by creating a website to advertise your services via content marketing or search engine optimization (SEO). You can attract potential clients to you after creating a platform that showcases your work and skills. You can also push the platform by paying for ads on social media, but be careful to not spend too much on marketing and promotion if it is not returning any clients to you.

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Biggest mistakes to avoid when hiring freelancers

Now that more and more small businesses are turning to freelance staff, Headway Capital decided to create a handy guide to finding the best freelance talent. It shows you where to look, how much to pay, and how to manage mutually beneficial working relationships. Finding reliable freelance talent isn’t easy. The most popular freelance websites, like Upwork, have over 12 million active accounts. In other words, searching for people that always deliver on time can feel like looking for the proverbial needle in a haystack. But there are things that can help narrow down the list of suitable candidates. Start with the project proposal. How does it sound? Is it a bit too robotic? Are there lots of stock phrases that don’t really say anything? If so, the proposal you’re reading was probably sent out to hundreds (and maybe even thousands) of other companies. And while you can’t blame freelancers for casting a wide net in such a competitive space, these cut and paste applications suggest a candidate who hasn’t researched your company. Instead, look out for the personalized applications that provide real-world examples of how this person can solve your business problems. For example, you don’t want a “great coder with excellent programming skills.” Stuff like that should be standard. What you really want is the person who writes something like this: “I have three years experience writing Python script and have designed several bespoke software applications for tech start-ups, many of which now have millions of daily users.” Knowing how to read a freelancer profile will also help you find the best talent. Great freelancers aren’t shy. They’re always happy to show off their work, positive reviews, and customer testimonials. An experienced freelancer will have all of these clearly displayed on their profile. And if you’re looking for a content writer or editor, read their profiles or intro emails extra carefully. You can even run them through writing apps like Grammarly or Hemingway Editor. No mistakes are a good sign that you’ve found a strong writer with meticulous attention to detail. Many small companies make the same errors when hiring freelancers for the first time, especially when it comes to cost and pricing. The majority of fledgling companies and start-ups operate on a tight budget. But it doesn’t mean that the cheapest option is the best option. Think in terms of efficient allocation of resources instead. Because paying a little extra for quality work the first time around will often save you money in the long-term. Plenty of small business owners have wasted precious time and limited money hiring a second freelancer to tidy up or maintain shoddy work done on the cheap. And don’t try to push the price down as low as possible. Low pay disincentivizes freelancers. A fair rate has the opposite effect. If a freelancer feels valued, they’ll produce better work, deliver on time, and respond quickly to your emails. They’re also more willing to take on ad-hoc duties or go that extra […]

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Ways to Get Freelance Writing Jobs for Beginners

You’ve been dreaming about becoming a freelance writer for as long as you can remember. But, whether you plan to do it as a part-time side hustle or have it be your primary source of income, getting started can be daunting. You may not know how to put yourself out there or find clients. Don’t worry, though. We’ll show you 14 sure-fire ways to get freelance writing jobs for beginners, so you can happily work from home. Get Serious About Self-Promotion When you first freelance, the idea of self-promotion may make you feel a tad queasy. You might be afraid of what the internet trolls will say. Or, maybe you don’t want to come across as pushy or annoying. But, if you want to make it as a freelance writer, you need to put those feelings aside and advocate for yourself. You must get comfortable with being a writer and a marketer. Otherwise, no one will be able to find and hire you. Let’s review some self-promotion basics: 1. Tell the World You’re for Hire It sounds obvious, but you must make it very clear that you’re a freelance writer for hire. Prospective clients won’t know to reach out unless they see that you provide the services they need. So, proclaim your availability and expertise from the rooftops – and do it often. Here’s where you should say that you’re for hire: In your social media bios and posts In online groups and other forums In your email signature On your website To make a living, you must hang your freelance writing digital shingle everywhere your potential clients hang out online. 2. Launch Your Website You need a website. Period. It’s 2021, and people expect you to have one. Chances are, prospective clients will check your website before reaching out to work with you. That means it needs to have these key pages to impress them and entice them to learn more about you: About: covers who you are, where your expertise lies, and how you help clients Services: lists the freelance writing services you provide, like article writing, blog writing, web copy creation, email marketing, technical writing, ghostwriting, proofreading, etc. Portfolio: includes links to your other published work. Contact: tells visitors how to get in touch with you. Launching a website doesn’t have to be complicated or expensive. You can create one in a day for just a few dollars. There’s no reason to put it off, especially since it can help you make money writing. Don’t worry about getting the layout, colors, and copy perfect for your first version. Your digital home can grow with you and should be updated as you make progress in your freelance business. Once your website is live, put the link in your email signature and online bios. Then, blast it out regularly everywhere you’re active online. 3. Build Your Portfolio Your portfolio contains your writing samples and serves as your freelance resume, demonstrating your expertise and credibility to potential clients. But, […]

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Transition From a Side Hustle to Full Time Freelance Work

Side hustle or side gig is a term used for the type of employment one undertake as a part time activity which result in producing substantial income. Despite the typical 9-5 job, the great benefit of side hustle is that it paves the way to pursue your dream job at the cost of your own convenience. It is so appealing to say that with side hustle “You are your own boss, pursuing your own job, with your own set of strategies, producing your own desire of income at the comfort of your own flexibility”- solopreneur Side hustle can be anything you do for your passion (anything you excel in), to build up a career, to explore a new skill and to get into a field that can yield you benefits both individually and financially keeping in mind the flexibility option. While considering it on a big scale as a full time job, there are many conditions attached to it. Some instances of side hustle freelance content writing Photography Cooking and baking Baby sitting Selling arts and crafts pieces Teaching or coaching services Selling home food and baked items Dealing in accessories Providing any kind of labor services Maintenance services Product review services Delivery services Painting and designing Undergoing a shift- From side hustle to full time work Owning a business and being on your feet may seem like a glamorous idea on one hand, but one does not appreciate the expected challenges attached to it during the phase. Repetitive work with side hustle makes you get the hang of your work to its expertise. Carrying out such a transition can be a success move because you are already aware of the highs and lows of the field. Transiting between a side hustle to a full time job is not a matter of a few hours but instead a complete change of responsibility in terms of roles, timings and dedication. Individuals consider navigation between the two must know the consequences and implications it may bring to the task. There are no guarantees or proofs that a side hustle job may bring about the same success as compared to the full time job, since it completely depends on how well you are able to justify your strength and abilities on a higher ground. Side hustles lead to the passive income. This type of transition can be successful if you are turning the shift within the same company. Because of the fact that your work is well recognized and known by the industry and you are well familiar of the field you are indulging into. For a smart and successful move, following points must be kept in mind. Exercise before you quit the process Early before the move, organize yourself and keep yourself ready for the change. Planning and analyzing is a great component of success. Be patient, Practice efficiency, schedule your routine, limit your stress, manage your tasks and create ease as much as possible. Make use of software, applications and […]

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PEEKaMEET Helps Freelancers Stay Above the Competition

Biz Report Being successful in business relies heavily on making connections. This is especially true when you’re just starting out and are on the hunt for a job, or better yet a career. But where do you start when you don’t even have a foot in the door? Well, your best bet in today’s digital world is to start using PEEKaMeet. At its core, PEEKaMEET is a career management app that helps job seekers and freelancers build their top 100 valuable contacts, stay connected and get job referrals that help them stand out above the competition. Meet people in your area or from all over the world. Unlike LinkedIn, where connections range in the hundreds or even thousands, PEEKaMEET helps you focus on those 100 connections where value can be exchanged and not forgotten in a sea of contacts. Think of this unique career management app as a CRM for people looking to make and build authentic, meaningful connections. Users have access to all the tools they’ll need to make this happen, including scheduling follow-ups, adding a video elevator pitch, and, of course, the ability to add notes and save the contact information. For those really serious about forging a career, there’s a subscription option available where they’ll gain access to additional resources that allow them to schedule messages, add their resume or ePortfolio, upload contacts for contact management and even download contacts for marketing purposes. With a seemingly endless stream of resume bots beating you out at every turn, it’s time to get an edge over the competition. Secure that career by building and maintaining relationships that garner you referrals that make you stand out. Get started with the PEEKaMEET Career Management app today by downloading it from the Google Play or App Store on your Android or iOS device.

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Freelance Platforms Win By Building Strategic Capability

Getty getty Several years ago, colleagues from my old consulting firm, the RBL Group , wrote about a clever way to convert business goals into a plan of action and investment. Plenty of consultancies talk about the difficulty and importance of effective implementation plans. But, these colleagues, Dave Ulrich and Norm Smallwood, in an HBR article called “capitalizing on capabilities” took a different approach. Ulrich and Smallwood focused on organizational capability as a critical missing link between vision and outcome. Think of capability as the extension of “competency-based management” at the organizational level. Here’s how Ulrich and Smallwood described the role of capability in business performance and value: “Capabilities—the collective skills, abilities, and expertise of an organization—form the identity and personality of the organization by defining what it is good at doing and, in the end, what it is . They are stable over time and more difficult for competitors to copy … They aren’t easy to measure … but these capabilities give investors’ confidence in future earnings.” They pointed out research by Baruch Lev who studies capabilities from an intangible assets perspective, and who found that company valuation is forward looking based on investor’s confidence in future earnings e.g., their ability to continue to grow and thrive. That ability is what organizational capability is all about. Lev put it this way : “Intangible assets—a skilled workforce, patents and know-how, software, strong customer relationships, brands, unique organizational designs and processes, and the like—generate most of corporate growth and shareholder value. They account for well over half the market capitalization of public companies. They absorb a trillion dollars of corporate investment funds every year. In fact, these “soft” assets are what give today’s companies their hard competitive edge.” I find it helpful to think of organizational capability as a bundle of skills, investments, process choices, IP, analytics, performance measures, and other resources. Aligning these activities and assets to create capability is the goal; they must work together. Different strategies, in turn, rely on different bundles of capability: Amazon , for example, is all about deepening its relationship with customers and grows by providing new ways to serve its retail and business customers. By contrast, e-commerce marketplaces like Overstock or Wayfair rely on their ability to source and distribute the right remaindered home goods that can be sold at a profit. Exxon Mobil , my old employer depends on excellence in risk management as they invest billions in the search for new old and gas reserves. In short, different companies with different strategies means different capability bundles. The link between strategy and capability bundles is equally important for talent marketplaces. Different platforms – marketplaces and social networks – have different strategies and, therefore, may require different capability bundles: The “big three” platforms, Freelancer.com , Fiverr.com or Upwork.com offer the broadest possible set of freelance services and price range . Kolabtree is laser focused on a particular service category; in their case R&D scientists. LifeSciHub in pharma clinical project management and Spacely.work […]

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Freelance Platforms Market Details 2021

Freelance Platforms Market Research Report The Freelance Platforms Market report is a complete research study on the Freelance Platforms market, which attempts to present a clear picture of the key factors that shape this market. The assessments of a number of market segments, distinguished on the basis of the products, their applications, and the geographies, come under the scope of this research study. The main goal of this research study is to understanding of the market for the Freelance Platforms to the manufacturers, suppliers, and the distributors operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to formulate and develop critical strategies for the further expansion of their businesses. It further provides the profile reviews of the leading market participants, their overall shares in the entire market, business strategies they have adopted, and the latest developments in their respective business in a bid to enhance the decision-making capability of the readers. This information on the main strategies and the recent developments of the key players is very much helpful for small-scale companies and new entrants looking for assistance to design their strategies in an efficient manner. The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. The key players covered in this report: Fiverr, Upwork, Freelancer.com, Envato Studio, PeoplePerHour, Toptal, Guru.com, DesignCrowd, Nexxt, DesignContest, TaskRabbit, CrowdSPRING, Hireable.com, WriterAccess, 99Designs, Catalant, Designhill, Skyword, Bark, Gigster The study report also offers an inclusive analysis of the key geographical regions mentioned in the research report of the Freelance Platforms market. Each mentioned region is analyzed on the basis of past growth patterns and offer arrays of development so far and also give out clear directions to the market players on what segments to focus on to generate better revenues in the coming years. Product Type Segmentation :: (Cloud Based, Web Based), Industry Segmentation :: (Large Enterprises, SMEs), The revenue for the Freelance Platforms market is calculated as the sum market sizes of different segments such as component, service model, cloud deployment, organization size, vertical, and regions. Further, some other key data points considered to calculate the revenue for Freelance Platforms market includes revenues from key companies, key company market share analysis, consumer spending analysis, regional export, and import analysis, sales revenue generated by various applications in different geographies. This report also splits the market by region: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries The study objectives are: 1. To analyze and research the Freelance Platforms status and future forecast involving, production, revenue, consumption, historical and forecast. 2. To present the key Freelance Platforms manufacturers, production, revenue, market share, and recent development. 3. To split the breakdown data by regions, type, manufacturers, and applications. 4. To analyze the global and key regions market potential […]

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WeInvoice Enables a Smooth Freelancing Invoice Experience

SINGAPORE, March 11, 2021 /PRNewswire/ — In most cases, invoicing can be a hassle that most individuals and businesses wish to avoid, especially freelancers, who generally find that they waste a lot of time generating invoices for their clients. In response to that, WeInvoice, based in Singapore, has announced a dynamic invoicing platform that provides user-friendly invoicing solutions for freelancers. Making the invoicing process simple and efficient is the primary mission of WeInvoice. As such, it allows even non-techies to generate multiple invoices in a short time. This process can be achieved by either utilizing Weinvoice’s invoice generator, or customizing one from its collection of crafted invoice templates. Invoice Generator WeInvoice allows users to create well-formatted invoices highlighting the most critical aspects, thereby preventing usual invoice errors and quickening up the payments. Users can easily add a header, company details, client details, invoice number, and description to their invoices. Easy to Use The interface of the tool is clean and user-friendly. Also, users can access it on the Web without needing to download any software. Additionally, overseas transactions are quickly taken care of as Weinvoice has features available in multiple languages. Users can simply get started by editing the necessary fields in the invoice provided. Legal Validity Legal compliance is ensured with every invoice generated by WeInvoice. One can even add extra sections if necessary to ensure the invoice’s validity. Invoice Templates Not only does Weinvoice offer blank invoice templates where users can design in a way they prefer, but the platform also offers 100 templates in various formats , including Word, Excel, PDF, and Google Docs. Multiple Payment Methods WeInvoice accepts multiple payment cards, thereby allowing clients to make timely payments quickly and easily. It also affords users the freedom to append payment terms on the invoices that are generated. Addresses and all other details can be customized on the invoice to suit one’s business needs. Instant Alerts The tool offers real-time tracking to users so that they are notified as and when their invoices are viewed. This invoice generator also keeps a neat record of incoming and outgoing payments that helps one manage finances better. WeInvoice also cares about enhancing businesses’ bookkeeping efficiency and reducing their bookkeeping costs. Its approach is to provide automated invoice options to make the process even simpler. Such options eliminate the need for businesses to spend time on repeated trivialities by scheduling regular invoices on fixed dates. Businesses can also establish a strong brand presence by adding a brand logo in the invoice. WeInvoice is committed to helping freelancers, businesses and brands level up on professionalism with well-designed, professional, and customizable templates for all sorts of business invoices. Users can generate their first invoice for free. To create your own invoice, visit https://weinvoice.com/invoice-generator To select an invoicing template, visit https://weinvoice.com/invoice-templat e To get further details about WeInvoice, contact: support@weinvoice.com SOURCE WeInvoice

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The skills you need for a successful career in freelancing

The remote work boom induced — or at least accelerated — by Covid-19 has brought more interest to the world of freelancing. Freelance jobs are now considered a stable form of employment with an increasing number of opportunities for employees wanting to work from home. Freelancing also covers a wide range of industries, making room for just about everyone interested in making the switch. Freelancing isn’t always easy, however. While anyone can certainly do it, a particular skill set is required to excel. The following list contains six of the must-have skills you should add to your repertoire to succeed at freelancing: 1. Time management This will always be the No. 1 skill for freelancers. The beauty of freelance work is that you often get to work on your own timetable. You have deadlines to meet, true, but when you work on projects and assignments is up to you. Unfortunately, procrastination gets the best of everyone. Good time management ensures that projects are approached in a timely manner and not left for the last minute. Pushing projects off in favor of video games will harm the quality of your work, making it more difficult to land jobs in the future. Manage your time well, and you’ll also be able to take on more assignments each week, leading to fatter paychecks. Time management is also crucial for your mental health. You’re more likely to experience stress and dread when chasing tight deadlines and making up for lost time. Do yourself a favor, and start working on your time management skills today. This skill will help you even outside of freelance work. 2. Quick learning As a freelancer, you’ll often be on your own. This means you have to be both the teacher and the student when there’s something that needs to be learned. A desire to learn is the first step toward expanding your freelancing boundaries. You don’t have to have an IQ of 140 to be a successful freelancer. What you do need are good study habits and research skills. Being able to seek and digest information quickly will help you break down difficult tasks no matter your current skill level. Look for ways to continue your learning. Online courses are readily available on nearly any subject on websites such as LinkedIn and Udemy. Even watching some professionally made YouTube videos can help you develop skills and acquire new knowledge. 3. Clear communication You’ll have to keep track of a lot of names as a freelancer. You’ll work with numerous clients, each with their own requirements and their own timetable. Being able to communicate clearly with each of them will help ensure that the expectations of both parties are met. Good verbal and written communication are crucial for effective freelancing. You need to be able to interpret messages and directions sent by clients over email. In response, any questions or comments you may have must be written clearly and eloquently. Being able to speak with a client over the […]

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