If you are brand-new to freelancing or counting it as a career option, you may see the road ahead as tossed with roses. You’ll have the finest and understanding boss in the world (you)! You can have the freedom of your time management.
Unfortunately, like the roses, the freelance world has its own thorny side and there are problems you will soon find you have to adjust with. Freelancing is tough work! and is not a cakewalk anymore. Five of the mysterious pitfalls are outlined below, along with the interesting strategies to help you cope and make a huge success of your new freelancing business.
Here are 5 Reasons Why Freelancing is not easy
1. The Freelancing Dream Is Not What It Looks like
There you are, in the \early days of having left the full-time profession, looking out on your own full of hope. And why not? You have a fully new career ahead of you! It’s interesting stuff, and your head might be full of dreams. Now, you can certainly do things your way!
you’re into the freelancing for a reason. You might be working hard but clients are not easy to appear by, and they need to be managed well – but you have a vision of where you need to be and the dedication to make it occur. All you need to do is to focus on your goal and adjust your dream to accommodate reality.
2. Work Can Dry Up Suddenly
Everyone has bad pieces; they may even happen to the best most talented of people, for several reasons. Sometimes people might not be spending money, which comes down to you. Sometimes it’s might be personal things, like health issues in the family or some major clients being bought out or going under.
Ideally, you need to be prepared and be ready whenever work tapers off before it does. Always have irons in the fire – make sure you have a high profile in forums and multiple social media platforms where your clients are likely to see you and keep a constant check on employment websites related to your sector. Network in your niche – attend various conferences if your funds permit.
3. Defining Your Skillset Is a lot big Struggle
Sometimes it seems like the competitors have all sorts of nice accomplishments they claim of in their CVs and on their websites, but you might not think of any skill or accomplishments to say that will challenge their accomplishments. Especially when you’re just starting out, it can be a big challenge to match the claims others make and hard to come up with your own list.
A skillset is simply the current knowledge and expertise that you bring with you, from all your every source. If you have existing relevant knowledge and expertise, make sure you let your clients know them.
You need to search very carefully all your past experiences and put collectively a set of positive information about your skills, framed to infer about your strengths based on examples.
4. Burnout Is Another Danger
The day may arrive when you wake up and see you are fresh out of thoughts. Your mind is a clean slate, your enthusiasm has gone and your obstacles seem unbeatable. It’s a state of psychic, emotional, and physical exhaustion caused by extreme stress – and sometimes if not properly managed freelance life can be stressful.
If you think you’re at risk of burning out, acknowledge these threat signs and find ways to organize the stress that is causing the problems.
To back off from burnout, you need to get control. If you’re managing too much, you have to create some downtime. Learn some relaxation methods to ease the pressure such as meditation or yoga. Do things that can take your mind away from your problems and provide much needed relaxing time.
5. Underselling Yourself Is Too Easy
One of the greatest appeals for a new freelancer is to sell their talent for a much lower price. People do all this undersell because they’re doubtful that they can get what they think they’re worth, or because they hold no thought of what they’re actually worth.
This is a really bad idea because it can be a vicious circle – if you don’t think you will get paid what you are really worth of, clients will take advantage of your underestimation.
Counter this attraction by doing some simple basic calculations. Work out what you want to earn to survive each month how many hours you are expecting to work, and divide the payment by the hours. The result is how much you need to make per hour to get by – anything you can earn above is your ‘profit’.
Do your research on what others in your field are paid; some trade body websites or business forums will give that sort of data, and some trade unions can also be helpful. You can also ask in a related forum on a site like LinkedIn
If you notice others are paid much more or much less than the expected hourly rate, you’ve apparently got your sums wrong. Consider the experience and quality of the work as well.
Let’s have a quick recap. To sustain as a freelancer you need to
Avoid disenchantment by pressing on to your vision.
Avoid underselling by working out what you need to earn to sustain, and studying what your competitors make.
Avoid skillset gaps by leveraging all your strengths.
Avoid burnout by practicing breaks and reengaging with your favorite pastimes.
Cope with dry times of work through education or training – keep networking, raise your profile, and keep in touch with various opportunities.
Remember, you will get over the grimmer certainties and accomplish many great benefits of freelancing!
Use the advice above to make the grounds for a long, pleasant freelancing career. Have any thoughts on other pitfalls, or want to share your valuable experience? Let us know in the comments below!