You’ve made the leap and started freelancing. Maybe you still work your job and freelance on the side, or perhaps you exclusively make money online now.
Either way, congratulations.
You’ve already made it further towards freedom and living your dreams than 95% of people ever will.
And it feels great, right?
However, you’re not done yet.
Far from it. There’s still so much to learn and so far to go.
The problem with learning to freelance and building an online business is that there’s no one to learn from. Your friends don’t do it, and there’s no class at the local community college to teach you how to start an online business.
I mean, sure, you can pay for an online crash course. You could dive into the free content we have here at The Big Picture Academy. However, in the end, you still have to figure it out for yourself.
Each person’s path to a successful freelancing career is as unique as they are.
You can sell photos, do graphic design, illustration, web design, coding, content writing, SEO or copywriting, logo design, video editing, transcribing. The list goes on and on. Hell, you can make six figures just from blogging these days. That’s the world we live in.
So it’s not like I can just give you a formula that’s guaranteed to work. Then you magically start to make money online the next day.
What I can do, however, is help keep you on the right path. I’ve been doing this for years and believe me, there are a lot of ways to fuck up.
I’m not talking about turning a project in late or botching the formatting on an image.
No, I’m talking about the big blunders that will keep you headed in the wrong direction for months, years or even your entire career.
It’s ok to make small mistakes and learn from them, but here are three big ones you want to avoid at all costs.
Charging less than you’re worth
This is so easy to do when you’re new to the game of online business.
So many freelancers start off working for a rate that wouldn’t be fair in an alley in India.
Instead of asking for more on their next contract, they get used to working for that wage and come to think that, that’s just how you make money online.
Essentially, you’re a slave who gets paid like dirt.
After all, there are a lot of freelancers out there these days. It’s easy to assume that if you ask a higher price, your employer will simply go find someone else to do it for cheaper. Right?
Wrong! It just doesn’t work that way.
Certainly, you have to charge reasonable prices.
But if you’ve been freelance writing for a year, you’d damn well better be charging more than on the day you started.
A good logo is worth no less than three digits, a good 1000 words is worth no less than $15, and good web design or copywriting is nearly priceless.
An easy rule of thumb is to calculate how fast you can complete the project. If the amount you’re paid comes out to a fair hourly wage, then that’s alright. But don’t be afraid to ask for more.
Once you’re an experienced freelancer, you’ll probably make a lot more per hour than you used to.
Don’t sell yourself short. And never lower your prices.
Not setting goals you’d like to accomplish
So many freelancers get comfortable, or just lost in what they are doing.
Too many freelancers forget to set goals. You are your own boss now. No one is going to tell you what to do and how to do it.
If you want to make money online, it’s all up to you.
Suppose you start selling photos through an online platform or doing web design on Upwork and you never seek other outlets.
Instead, you just try taking more, better photos or landing more clients. Hopefully you’ll sell more and make more money in the future.
Sure, maybe that’s true. But the problem is, you’re going about it all wrong.
There is always a better way. You’ll probably make a lot more money if you sold directly off your own website. No commissions and no competition.
So on the first of every month, take inventory of your online business. How are you doing? How much are you making? How much time are you investing in your business?
Then, think of where you’d like to be in a month. How could you do better, or make more money, or invest less time to get the same results?
Think about your personal life too. Are you happy and fulfilled? After all, didn’t you start freelancing so that you could live life on your terms?
That leads us perfectly to the third big mistake that freelancers make.
Forgetting why you started freelancing in the first place.
This one’s plain and simple. You started freelancing for one reason:
You want to be free!
Maybe free with your time, or free of location, or free of a boss. Whatever the reason, you should know why you’re doing what you do.
If you’ve lost sight of what you want and are working on projects you don’t enjoy, you’re fucking up.
If you are falling into a niche you find boring or a path you find limiting, you’re fucking up.
Remember, you’re a freelancer, because you want to be free.
Do the work you want to do, set the goals you want to set, and live the life you want to live.
Accept nothing less.
For more life hacks, business basics, and entrepreneurial insights, check out our other content at The Big Picture Academy. We’re all about your success in online business and helping you learn to make money online now!
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