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Saturday, December 3, 2022

Scaling Up Your Freelancing Career to a Small Business | Entrepreneur

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The Gig Economy: Strategies for Growing a Freelance Business.

Nearly 59 million Americans are now employed in the gig economy, according to research issued by the work site Upwork. According to Freelancing America research, 77% of freelancers believe that technological and software advancements have made it simpler to find freelance employment. How can freelancers go from part-time to full-time development in a way that allows them to function as a small business? Freelancing is far more adaptable, and creatives in this field prefer to work on various tasks during the day. Typically, consultants are regarded as the brains behind specific initiatives and projects. 

One who has created a service or product for the more significant benefit of the consumer marketplace is a small company entrepreneur. A freelancer may transition their profession into the small company ecosystem. Consider how an online presence, such as a website, blog, or online portfolio, might help you become more professional as a freelancer who is now ready to step up their game. In addition to having a solid recommendation list, expanding your network allows you to interact with individuals who can introduce you to possible employment and customers. Finding a skills gap in your immediate neighborhood may consume significant time and money. 

If you possess a talent in great demand, you should examine how to monetize it without overcompensating. Setting up a contract for your service, even if it’s something easy like proofreading articles or editing images, may seem cumbersome. Working as a freelancer allows creatives to have more flexibility with their job. It also helps students network with corporations and business executives, which may lead to employment prospects or additional full-time contracts. Always verify that the terms of the agreement are feasible for both you and your customers. Remember to develop your specialization, market your expertise, and network as much as possible, and you’re off to a good start. 

Source: https://www.entrepreneur.com/article/430249 

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