If you’re a freelancer, you know what a fantastic opportunity it is - after all, you get to follow your passion while making your own hours. A win-win, right? But if you’ve been at the freelance game for a while now, you might be ready to level up your efforts to increase your revenue and success. The best way to do so is to start a full-time freelancing business. Here, Brybe shares how you can do so today.
Benefits of Doing Freelance Full-Time
There are so many benefits of taking the leap into becoming a full-time freelancer. The most obvious is that you make your own schedule and can work from home, which will be a significant draw for those who want more control over their lives and time. In addition, you have the potential to make more money than at a traditional job. This is because you are paid per project, meaning you can make more money if you have the time and are good at what you do. The Globe and Mail writes that being self-employed also comes with tax benefits like increased deductibles, which can reduce your overall taxes!
Let’s get into the nitty-gritty. How can you find more work to turn your freelancing into a full business? Let’s take a look below:
- Look for job postings on freelancing websites: Sites like Indeed and Monster can help with this.
- Ask around: Tapping into pre-existing networks of friends and family is a great place to start.
- Register with staffing agencies specializing in freelancers: Some agencies also specialize in specific niches, such as writing or photography, so be sure to hunt for those.
- Attend job fairs and networking events: According to Forbes, networking is the easiest way to level up a career in any field!
- Keep your resume up to date: Update your resume with your latest skills, experience, and accomplishments. Use a clear and detailed PDF editor online to help you make these changes easily and then download and share.
Form an LLC
Forming an LLC is an essential requirement if you’re planning to run your own business. LLCs offer tax advantages and the protection of your personal assets. In addition, they also provide increased flexibility and fewer administrative hassles. When doing so, you’ll have to file the Certificate of Formation. Also, different states have differing laws on forming an LLC, so be sure to check the rules in your state before proceeding. Using a formation service can help you save on expensive lawyers’ fees, so be sure to consider that as an option as well.
As a freelancer, you likely wear many hats and manage many different daily tasks. You need the right tools to stay organized and on top of your work. Here are a few of our favorite software for freelancers:
- Trello: This one is an excellent tool for managing projects and tasks. It’s visual and easy to use, and you can create boards for different clients or projects.
- Toggle: This app is a time tracking tool that’s great for freelancers who bill by the hour, as it helps stay on top of time tracking requirements for different clients.
- Wave: This has all the features you need to manage your finances, including invoicing, expense tracking, and accounting.
Ready to get started on your freelance empire? Building a business based on your freelance skills has never been easier - not only is it an excellent opportunity to live out your digital nomad dreams and work anywhere you want, but you also have all the tools available to ensure success. Good luck!
If you’re looking for other informative articles and resource guides, check out the Brybe site for more content today.
By Elena Stewart from Elenestewart.com