How To Use Start Freelancing To Generate Wealth

According to the World Economic Forum, freelancers make up about 35% of the workforce in the United States and 16.1 % in Europe. Independent workers in the U.S. alone contribute to the economy more than a trillion dollars in wages. As more full-time workers leave the traditional workforce to work remotely, the gig economy will quickly expand globally.

On-demand availability of product or services has significantly shifted workforce relationships. Before the sensationalism of freelance companies like Uber, independent workers with the highest earning potential were writers, artists, or photographers. In today’s market, people who need services can find highly skilled workers in every industry available. It is crucial, though, for freelancers to learn how to use online freelancing to generate wealth.

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    Freelance

    Choose A Reputable Online Freelance Company

    When it comes to online freelance companies, quantity does not equate to quality. Some of the companies use algorithms that grade users while others charge high fees while not qualifying the work. In short, to find the right companies that offer lucrative jobs, you need to do a little bit of research.  Try sites like:

    • Moonlighting
    • Fiverr
    • Upwork
    • Freelancer.com

    It is imperative that freelancers take the time to research online companies to find one that supports both the payer and the payee’s best interests. The process should be simple, so you want to select a company that develops policy and procedure that cares of its users.

    Develop A Competitive Pay Rate

    One of the most visible mistakes that new freelancers make is undervaluing services when trying to compete with workers globally. There is no designated rate for online work, but you want to set a price that represents the quality of the product or service you provide.

    You can use the internet to search for competitive rates by industry or calculate the time you will need to accomplish the task. Wealth potential comes down to negotiation skills, so take the time to read the job requirements before responding to an offer.

    Produce Quality Work

    It is critical that you produce quality work so that you build an online reputation that is dependable and professional. When others see a high stat and positive feedback, it provides an instant reference to your skillset. Produce quality work and listen to constructive criticism so that you grow as a successful online freelancer.

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    Coffee is for closers only

    Develop A Professional Profile

    When users search through profiles, they look for professionals that instill a measure of confidence in the type of work to expect. Workers who develop professional profiles will be far more likely to contribute the same work ethic to freelancing tasks. Remember to include employment history, education, relevant skills so that it will be easier to find the right person for the job. Keep it simple and use language that qualifies you for the position.

    Online technology has significantly changed the way that consumers and freelancers develop working relationships. Society is changing in support of freelancing which means that workers now have direct access to nontraditional income potential.

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    1 Comment

    • Sam
      Posted April 29, 2018 at 7:21 pm 0Likes

      I have dabbled in the freelancing market and had some success working as an administrative assistant. There are so many platforms for freelancers to search for work on and the jobs are plentiful. I’d recommend applying to as many as you can. Freelancing has been a good side job for me and I recommend it.

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