I am sure many of us will be more than happy to get an extra 10k USD doing what you love to do and today I will not only share with you why I make so much money doing freelancing but will also suggest, how you can also do the same.
Let’s begin on how I make living doing freelancing.
1. I Refuse to Give Up On Freelancing
Freelancing is a very small part (less than 5%) of my total monthly revenue and yet I don’t prefer to give up on freelancing because it actually adds to my overall revenue without much of an effort from my end. Yes you heard it right – without much effort from my end. Many freelancers make it harder than it actually is.
2. I decide what to work on
I am programmer at heart but if you check my Elance Profile you will hardly see any development work. Development projects usually are big budget projects but also needs more time and effort from your end on a continuous basis. I prefer to concentrate more on my own blogs and forums and yet make some extra income and so small size jobs are perfect for me. Small sized projects not only help me getting in touch with more number of clients but they also help me in learning more new things.
3. I decide on the pricing
Many freelancers think that if you want to be among successful bidders on sites like Elance you have to quote lowest price. This is completely a MYTH and you can take my words on this and quote me anywhere. There are innumerable feedbacks on my Elance Profile like this
This means I charge clients premium rates for being professional and maintaining the quality.
Let me go ahead and frame a golden rule for bidding. You should be able to show your expertise to whatever project you bid for and win the project bid even if you are not offering the lowest price. People select the best suited person for the task and not the cheapest.
4. I decide when to work
If I have a very busy schedule for my own work I decide to decline new work and also let existing client know about my non-availability. I only choose the best projects for myself at the price I am comfortable at and this way I can not only setup my own working hours but also my own working weeks and dedicated more time to my own websites. Many freelancers think that this may hamper reputation but on the contrary many clients thanks me for letting them know my availability and expertise well in advance.
5. I decide where to work
I shared sometime back I how to work from the comfort of your home and I love doing it but remember every coin has two sides. Working from home needs lots of discipline and many of us (including me) lack that discipline.
Just don’t give up on freelancing and work for what you can show you are best at.
Further Reading …