If you are interested to have another income stream, try freelancing. Here’s how freelancing can earn you an extra $10,000 this year.
First, keep in mind that with freelancing, you are offering some service. That’s the main difference between freelancing and employment. Your employer pays you your wages but with freelancing, you have to find your customers. Use this freedom to figure out the kind of service that you really want to do. Freelancing can be done either online or offline. Some of the most popular freelance service services include tutorials, web design, painting, cleaning and many others.
Second, your target of $10,000 this year depends largely on your availability and rate. For instance, you can spare one hour per day for freelancing (that’s seven hours per week). To earn $10,000 by yearend, you hourly rate has to be around $27. Ten hours of freelancing per week would land you at an hourly rate of $19. Don’t think you are charging too much. Freelancing is for experts and you are there because you are offering your expertise and it is just proper to charge accordingly.
Third, you have to brace yourself for the toughest part of freelancing: finding your clients. This may intimidate you at first but this should come handy as you get accustomed to it. Use your family and friends to spread the word about your services. Post your gig in social media. If you think you are getting few responses, think of advertising or sending cold emails. You need to persevere until you build a good client base.
Finally, be observant as you deliver with your first few clients. Take a look at your rates and find out whether you need decrease them or charge more. Make the necessary adjustments but continue to push forward. Think about the $10,000 extra income that would stream into your pocket and be motivated to work harder.