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If you like the idea of being your own boss then freelancing is one of the great ways to work from home. If you have the self-motivation and discipline to complete assignments on time and in a professional manner, freelancing is a great way to start a business from home and create a new stream of income.

What Traits And Skills Do Freelancers Need?

Here are a few pointers to help you decide if freelancing is for you. You must be able to work to a deadline, communicate well with clients, market yourself and your services, and deliver high quality work on time, and with a smile on your face.

While you don’t have to work standard 9-5 hours, you will have to be prepared to put the hours in, and do whatever it takes to deliver a quality service, even if that means working until midnight some nights.

How Will Freelance Work Fit Around Your Kids?

You must be prepared to carve out chunks of uninterrupted work time so consider if you’ll be able to fit freelance work around your childcare or will have the energy to work in the evenings once the kids are in bed.

What Exactly Does A Freelance Business Involve?

With the freedom and flexibility of working from home, comes the sole responsibility of meeting your clients’ demands. The buck stops with you and, unless you have a team working with you (which is not usually the case from day one), you have to complete all the work yourself. And communicate with the client, make sure you’ve invoiced for your services, keep on top of admin and any other tasks that are needed to support your freelancing career.

What Are The Pro’s And Con’s Of Freelancing?

There are many ways to work from home and freelancing is a great way to start. But be realistic. It’s a highly rewarding job but there are going to be challenges.

Be prepared for the down times when you feel overwhelmed with looming deadlines and juggling tasks and wish you had a team to delegate to.

Managing Work Flow

Working as a freelancer, it’s important to manage your work flow so you always have work coming in, but not more than you can comfortably handle. You will also need to find the balance between working for clients and finding new clients. Don’t assume that the work will continue so keep promoting yourself and your businesses to ensure a steady flow of work and income.

In addition to delivering projects for clients, constantly promoting yourself and keeping up with never-ending admin, you must also keep up with changes and regulations in your industry so that you can meet market demands.

Be flexible, stay open minded, and subscribe to industry and trade association newsletters to keep up with what’s going on, new working practices etc.

How To Run Your Freelancing As A Business (Not A Job!)

Create stability in your business by planning ahead. Plan your work load, manage your diary closely to ensure you have plenty of time for important projects, and try not to schedule big deadlines or marketing campaigns which will clash with work/family crunch times, such as end of term activities, kids’ sporting or academic events, or during holidays.

Allocate your time between promoting your business, working with clients, keeping up with invoicing and admin, and keeping up with industry news and updates.

And be prepared for down times when business is light or things aren’t going as you’d hoped. When that happens, focus on the reason you were looking for ways to work from home. Stay focused on your goal, whether that’s freedom, flexibility, more time with the kids, more money, the fulfillment of creating your own income, and stay positive!

How Will You Ensure You Make A Profit?

As a freelancer you are responsible for the costs of your business – and paying tax on any income you earn – so keep an eye on your costs and make sure your income is sufficient to cover everything. There are lots of home accounting packages you can use to track your income and expenses. No matter how basic a tool you use, keep a close eye on your cashflow and profits and make sure you are always making money from every project you do. As you gain experience and confidence you can charge more for your services, and perhaps be more picky about the clients you work with.

To start with, make sure you are charging enough to cover your costs – not just your time, but your marketing and office costs too.

What Types Of Freelancing Jobs Are Available?

Search engine optimization, marketing, design, organization, admin, content writing, website development and virtual assistant are just a few examples of ways to work from home as a freelancer.

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