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How To Double Your Freelancing Rate
Have you heard of the term "freelancing rate"? If you haven't, then this will help you greatly. Freelancing rate is the rate at which you move from one job to another. In other words, it is the rate of turnover of jobs. Let's paint a picture using a manufacturing firm. Assume a manufacturing firm XYZ is into the production of car batteries and they export to different countries. If this firm is domiciled in Paris, France, they'd need to keep track of their rate of turnover.By their turnover, I mean the rate they are able to sell their batteries repeatedly. When there's an increase in turnover, they'd produce more to meet the demand for car batteries and when there's a fall in turnover, they'd cut down on their production. However, this firm is not a monopoly. There are other firms who are in the business of car battery production. So XYZ manufacturing firms cannot sit and expect to experience great turnover always. They have to put in efforts in order to penetrate the market and drive sales which will reflect in their rate of turnover. They have to try to beat their competitors. How would they do this? They'd have to get into robust advertisement, offer after sales services, produce standard car batteries and even give warranties for their products. In the same vein, a freelancer can double their freelancing rate or rate of freelance turnover. We'll find out how in this article.
Table Of Contents
- How to double your freelancing rate
- Financial implications
- Getting started
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HOW TO DOUBLE YOUR FREELANCING RATE
If you are going to double your rate of moving from one job to another, you must do the following:
- Deliver great jobs
- Improve your skills
- Link up with others
- Learn to relate with clients
- Be considerate
1. Deliver Great Jobs
Freelance jobs are contagious. When you carry out one job very well, another will be waiting on the wings. You won't understand this until you get into the business of freelance and start getting jobs. There's an unseen hand that draws another job to a freelancer upon completing one job. This is like a magnet. Immediately you are done delivering a job, if that job was properly and qualitatively done, more jobs will follow. This is the secret most freelancers will not want to tell you. Sometimes you wonder why a particular freelancer who is very professional and has been on the job for a long time keeps getting jobs. Well, the truth is that such a freelancer is enjoying the magnetic effect of doing jobs well. In Economics, we refer to the forces of demand and supply as the unseen hand that regulates business transactions. In freelance, I'd call it the magnetic force that is exerted by one job upon other jobs. If you deliver good jobs, you'd end up doubling your freelancing rate. One good job will attract three more and a bad job will repel six more. So, if you're going to double your freelancing rate and get more and more jobs, you must deliver top-notch and quality jobs.
2. Improve Your Skills
These factors are interrelated. You cannot possibly deliver good jobs everytime if you do not learn to improve your skills. Your skills will determine the kind of job you'd deliver. A poorly skilled freelancer will deliver bad jobs while a freelancer who's well-skilled will deliver good jobs. This is not a prejudice but the reality of freelance. If you want to keep getting jobs, then keep improving your skills.
3. Link Up With Others
There are freelancers who work as a team. When one has too many jobs, he'd delegate some to others. This is what you should get involved in. Link up with other freelancers. When you do, you'd learn from them and teach them too. Also, you'd get informed about certain opportunities you never knew existed. This will ensure that you are in a good position to always get jobs. On a good day, your fellow freelancer can recommend you for a job that is outside his or her niche. They could also offer you jobs when they have too many on their hands. When you are in this circle, you'd get a lot of benefits.
4. Learn To Relate With Clients
Clients who got good treatment from you will always come back to you. Don't be an unscrupulous freelancer who cares little about the clients. Some freelancers lack empathy and they are just interested in the money. These clients are responsible for the existence of freelance. If they decide to engage only those they know physically, freelance will stop being in existence. Learn to treat clients right and be kind to them. Relate with them like humans and not money printing machines.
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5. Be Considerate
A client may not be able to give you what you want all the time. Have a room for consideration. These clients will never forget you when you consider them. A considerate freelancer will hold down clients for a very long time. This is where you see a client willing to work with you even on a project you know nothing about.
FINANCIAL IMPLICATIONS
Doubling your freelancing rate means more money. A freelancer who carries out 10 jobs in a month will definitely earn more than another freelancer who only handled two jobs at the same rate. This is the power you have when you are able to get more jobs in the shortest possible time; the power to make more money.
GETTING STARTED
If you are interested in doubling your freelancing rate, you'd have to join UpMyChain freelance marketplace. You should adjust your former working model and get ready to do more.
Easy Answers
- Deliver great jobs
- Improve your skills
- Link up with others
- Learn to relate with clients
- Be considerate
If you found this article helpful, do well to leave a comment using the comment box below.
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