Freelancer is a
self-employed person who is not committed to a particular employer for long
period of time. Freelancing can be a tricky and unpredictable business but
proper planning and management can make it potentially successful business.
Freelance business owner can create several opportunities to raise money.
He/she has complete freedom about work hours and cost for services. If you want
to start a freelancer business and also want to be successful freelancer, you
need to have adequate information about freelancer business framework. You will
take decision about type of business, services, working place, target clients
etc for your freelance business. You can choose from different options such as
health issues, photographer, sales man, stock broker etc. Important point is
that you should choose appropriate field according to your interest. Here you
can find some essentials for freelance business framework:
Define Scope of Your Freelance Business
As a freelancer, you
can pull your business in different directions to determine the scope of your
business. It doesn’t matter whatever field or area you want to choose for your
freelance business, you will write different roles to determine your
liabilities. This will not only help you to maintain better flow of your
business but also help you to focus on suitable roles for you.
Prepare a Price List
Preparation of price
list is one of the necessary elements for freelance business framework. After
determining scope of your business, you will create your price list and
discounts to facilitate you and your customers. You will set prices and
discounts for each product or service such as if you are beginner freelancer,
you will keep prices of your services slightly lower as compared to your
competitor. You will also build a discount model for your frequent clients to
build healthy relations.
Set Your Deadlines
You will set your
average deadlines to determine progress of your freelance business. While
preparing freelance business framework, you will decide your deadline to meet
for various types of services or products or both. This will help you to
provide excellent services to your clients according to their expectations
moreover it will help you to determine how many projects you can handle at one
time.
Setup Billing Procedure
As a freelancer, you
will determine billing procedure for your business. You will handle your own
billing to ensure on time payments, for this purpose you will prepare an
invoice for your business. Invoice is a best option to maintain cash flow of
your business so you can prepare a freelance invoice with the help of software
or can prepare it with the help of freelance invoice template. You can
determine time of payment by sending freelance invoice along with the delivery
of finished products. It will allow you to take legal action against clients in
case of fraud so your invoice should be stamped with due date.
Define Prospecting Needs
You will determine
prospecting needs and amount of time for your business. You will determine some
rules and regulations for your business and clients and follow them strictly to
win client’s trust. You will decide work hours for each day and distribute your
schedule to allocate appropriate time to cold calling, direct mailing and face
to face meeting. You will advertise your freelance business through print
advertisements such as flyers, pamphlets, brochures etc or can give a
classified ad in newspaper or can update your services on your website. You can
also join network of freelancers to let other people know about you.
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