Build Your Dream Freelance Business in 10 Steps

Mjob Admin November 5, 2019 No Comments

Build Your Dream Freelance Business in 10 Steps

The freelance economy is larger than you think, the microjob market is growing everyday.  According to the Freelancers Union, 35 % of the U.S. workforce, or 55 million people, were freelancers in 2016. It is predicted that 50% of the U.S. workforce will be freelancers by 2020.

Freelancing business has an easy entry, you can do it alongside your full-time job and when it grows you can make it a full time affair,

Freelancing business is about building your Personal Brand, you need a place for people to find you – your online presence is crucial, and a professional presence will make you standout.

Here is an easy to follow, step-by-step guide to launch and build your freelancing business. 

1. The first is to ask yourself: What can I do?

What skills I want to build my freelancing business on? The freelancing market is very competitive, so you can’t just be good, but very good at what you want to offer.

2. Come up with a business name.

To claim yourself as a “graphic designer”, a “translator”, or an “SEO consultant” doesn’t make you look different from others. In order to succeed as a freelancer and to build a distinctive personal brand, you need a good business name. It can be the combination of your name and your expertise, play with puns and do a brainstorm. Tip: When you have a business name in mind, why not to search a domain with this name? If you find it available, then take the domain for yourself and you are ready to build your personal branding website! 

3. Build a blog or a website.

Your personal brand is best expressed through a professional-looking blog or website plus active social media profiles that share things that matter. Nowadays, how you appear on Google is how people judge your professionalism. The content you post, the successful cases you display, all influence potential buyer’s decision making.

There are many free blogs you can register and use right away, the popular ones are: WordPress, Blogger (belongs to Google), Medium, or if you know other popular blog sites, choose one that you like and start spice up the content.  You can have your own logo, too.

4Showcase your digital portfolio on your website.

Once you blog or website is set, you should start compiling a digital portfolio that includes your work samples, achievement or anything that worthy shouting out loud. If you don’t have any case yet, you can make a case on your own – translate an article you like, design a sample T-shirt, do a sample job.  People check samples before they hire freelancers, because it represents how good you are.

5. Use social media to gain your credibility

Use social networks like Facebook, Twitter and YouTube to share your expertise and build authority with your potential clients. Share things that matter, share content that related to your expertise and can assist your offers.

6. Get an online payment processor

Get an account in Paypal, Stripe, or other payment methods that you can accept credit card online and able to take out the fund to your bank account. Check all the processing fees, so when you price your service you have the cost in mind.

7. Use online freelancing marketplace

Even if you want to run your freelance business on your own site or blog, it’s good to gain some experience on freelancing marketplace. The problem of well-known freelancing sites are that you are not able to link to your own site or blog, so your business is dependent on the sites.  Once you are not on the site, it will be difficult for customers to know who you are.

This is where mJobMarket kicks in.  You can post your contact details, links to your website and blog, even your profiles on other freelancing websites.  This is an amazing and easy way for potential clients to verify your experience. On mJobMarket, you are able to show who you are and leverage this function to build your own business, re-direct customers to your own site.

8. Use free online services to help manage tasks

To track the time you spend on freelancing projects it helps to use a time tracking tool like Harvestor Timely for your tracking time. This makes invoicing and billing your clients much easier.

9. Use legal binding digital contracts for your freelancing clients

If you aren’t working through a freelancing brokerage website, you should use a tool like Shake or HelloSign to sign legally-binding digital contracts with all your clients.

Working on your mJob Market post will give you the utmost business freedom.  mJob posts allow you to add links to your blog or website, display your contact details and showcase your achievement.

10. Consider incorporating your new freelance business

If you want to take advantage of the lower tax rates offered to small business owners and freelancing entrepreneurs, you should consider incorporating your new freelancing business. This costs around $300-$500 depending on your jurisdiction but the tax benefits and limited liability make it worth it.

You can skip the expensive lawyer fees with an inexpensive legal service like LegalZoom, or Stripe Atlas, a new way to start an internet business anywhere.

If you follow these 10 steps, you’ll have your own freelancing business launched and ready to go so you can start making money and working from anywhere. It’s going to take some hustle to get your first few clients but if you build a business around your talents and skills, becoming a freelancer could be one of the best decisions you ever make.

Categories : on Freelancing