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6 Ways to Make More Money as a Freelancer

6 Ways to Make More Money as a Freelancer

I’ve been freelancing for many years, and in that time I’ve worked with a variety of people, learned a lot about myself, and had to figure many things out on my own, including what to charge and how to deal with rude clients, among others.

Ultimately, the most important lessons I’ve learned have been about how to maximize what I can do to make more money and become better in my niche and field. Use the lessons I’ve learned to take your freelancing to the next level, make more money, and become a superstar freelancer.

1. Make Yourself Look Good

There are a few ways to make yourself look great as a freelancer, and one of the first places to focus on is your online portfolio. If you don’t have one yet, make one now. This will give potential clients a quick and easy way to see what you’ve done, what you can offer and more. I personally use About.me.

Don’t just throw a website together, though. Spend time using this as an opportunity to highlight your absolute best work and the skills and experience that sets you apart from others.

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If you don’t have a website or online portfolio page like those on About.me, make sure your other freelance profiles are up-to-date and make you look good. Get testimonials/reviews on sites like Upwork, Elance, and 99Designs and add portfolio items and details where possible.

Make More Money: Always send a link to your portfolio to prospective clients, and highlight three key features of your work in the email itself. Some people will want to click through and dig around, while others just want a snapshot. This helps you catch all opportunities.

2. Focus on a Few Niches and Excel

Take time to find your niche. If you can become the go-to person for small business e-commerce photography in retail, for example, you’re suddenly set apart from other general freelance photographers. This gives you leverage when talking about opportunities with a client because you can likely cite experience you have that’s specific to their needs.

Make More Money: Take hold of your niche and use your experience to be more authoritative during initial conversations and negotiations: “Well, when I worked with Client X, we found that photos with a white background lead to more purchases…” If you’re knowledgeable about their industry, the client will feel better about bringing you on board.

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3. Don’t Let Fear Hold You Back

A lot of times I get emails from people who have seen my work and want to see what I can offer them, but this can be a scary email to receive. While it’s exciting to get a new freelance prospect, in cases like this, the bar is already set very high thanks to the great work you’ve already done.

Suddenly, doubts creep in: “Can I actually do this? What if I fail?” A whopping 31 percent of American adults polled cited fear of failure as their top fear—I, and probably you, are no exception. Don’t let this hold you back because it can if you let it.

Make More Money: Turn that fear around and ask yourself: What if I do pull this off? It could lead to more opportunities, maybe even extended work with that one particular client. This is an opportunity to rise to the top, not hold back.

4. Know When to Prioritize

No opportunity is a bad opportunity, but some likely make you more money than others. When working with clients, take stock of how valuable this freelance gig is to you; this could be based on how much you’re getting paid, how big their brand is (and therefore the exposure you’ll get), etc.

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On days when you’re overwhelmed with work, use this as a way to prioritize the work that will be most valuable to you in the long run.

Make More Money: Set expectations up front based on this prioritization. If you know you could deliver results in two weeks, but you aren’t getting a lot out of the relationship, tell them to expect results in four weeks. If a better opportunity comes along, you have more time to devote to it. If not, and you complete your task in less than four weeks, you look even better.

5. Know Your Worth

As a freelancer, I know how hard it is to turn down an opportunity. We can all use a little extra cash, and there’s always that glimmer of hope when you see a prospect email come through, “Oh, maybe this will lead to something big!”

However, taking work that doesn’t pay you what you deserve based on the work you do will not only be frustrating for you but takes up time you could be using to find better freelance gigs.

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Make More Money: Always take at least 24 hours to decide if you want to move forward with a new potential client. When you step away and weigh the pros and cons, you’ll be able to make a more informed decision that will likely lead to making more money.

6. Always Start High

When quoting a price for your work, always start high. If they want to work with you, it’s doubtful that they’ll come back and say, “That’s too much, we’ll look elsewhere.” More often, the case is that they’ll come back with a price or range that they can pay and then you can decide if that is worth your time.

Freelancers have a tendency to undervalue their work to get more clients, and that’s the wrong way to think if you want to get to the next level.

Make More Money: Every project will likely have different requirements, so never create a one-size-fits-all pricing model to go off of—this pigeon holes you into a strict pricing bracket, rather than one that’s fluid and flexible. Consider what you’ve charged for similar projects to start narrowing down the appropriate fee.

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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