Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | August 22, 2017

Scroll to top

Top

No Comments

3 Ways to Grow as a Freelancer

freelancer-763730_960_720

More than ⅓ of our workforce are freelancers, according to the research firm Edelman Berland. That is 54 million Americans who have an independent approach to their employment.

A person who does freelance or contract work is defined as one who works by the hour, day or job without a regular salary from one employer. Although it can initially be stressful to procure jobs, this kind of employment grants the freedom to work your own hours with opportunities to negotiate higher rates.

Leif Wolcutt at Forbes.com recently shared three ideas to double your salary as a contractor.

First, research your field. Thoroughly investigate the appropriate range in price for your specific line of work and determine where your particular skillset fits into that range.

Second, establish a consistent invoicing strategy. Strive to maintain a steady cash flow. Granted, some work is cyclical involving heavy work in certain months. A retainer model may work for you.

A retainer agreement is a contract between a company and a consultant or freelancer in which money is paid in advance of the work. Having a worker on retainer benefits the company, as they know they have you dedicated to their work for a certain number of hours that they have paid for. It’s good for the freelancer because it’s money upfront and allows you to better budget your time and money for the month.

Third, be direct. Negotiating salaries can be uncomfortable but should not be avoided.

If you are confident that you deserve a higher rate, then notify your clients a month in advance of payment changes and new services and skills that you can offer with the increase. Share new training or certifications that are important in your line of work.

Remember too that the Lord bestows favor and honor. Be totally honest with your clients. Always give them great value. No good thing does the Lord withhold from those who walk uprightly.

 

Originally published on Handwriting on the Wall.

Chuck Bentley is CEO of Crown, a non-profit business and personal finance policy and educational organization, and author of “The S.A.L.T. Plan. How to Prepare for an Economic Crisis of Biblical Proportions” and “Root of Riches, What if everything you think about money is wrong?”

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "How the Trump Impeachment Crusade Costs you Money ."

Send this to a friend