When I started freelancing, I made some big mistakes that cost me time and money. In this newsletter, I'll share the top 3 pitfalls I faced as a rookie freelancer so you can steer clear of them.
The 3 Mistakes I Made as a Rookie Freelancer:
Mistake #1: Not Using Contracts
I naively trusted clients' words without legal protection. Always use a contract to protect yourself and set clear expectations.
Mistake #2: Underpricing My Services
I undercharged for my work, which meant more effort for less pay. Don't undersell yourself – price fairly based on the value you provide.
Mistake #3: Relying on One Client
I had all my eggs in one basket with a single client. Diversify your client base from day one for steady income and reduced risk.
Success Story:
Aram K, a friend of mine, made $1.4 Million in the last 12 years via freelancing as a UX designer.
Resources for New Freelancers:
- Signaturely - Create and manage client contracts easily.
- The Freelance Bible: Everything You Need to Go Solo in Any Industry by Alison Grade
- Upwork - Find freelance gigs across multiple industries.
Action Plan:
- Draft a contract with important clauses like jurisdiction, payment plan, upfront payment, non-compete, termination, non-exclusivity, and non-solicitation.
- Analyze market rates by joining Facebook groups, forums, and checking job boards.
- Prospect and pitch to potential clients across 2-3 industries simultaneously.
- Keep learning and updating your skills to stay in-demand.
Starting freelancing is exciting but risky if you make rookie mistakes. Avoid neglecting contracts, undervaluing yourself, and relying on just one client. Follow the action plan to set yourself up for success.
Get my freelance contract template with all the essential clauses by replying "Send Contract" to this email. Having the right contract protects you legally and helps kickstart your freelance journey.
Best,
Div
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