Freelancing is a great way to earn money, but it is also a great way to develop and improve yourself. However, freelancers face quite a few problems that, thankfully, most of these can be solved if you know how to approach them.
One of the most common problems is not being able to manage your client’s expectations. This problem is especially common if you are new to freelancing. Other common problems freelancers face and their possible solutions are highlighted below.
You’re too small to be respected.
Being a freelancer is the most common problem of freelancing. Many people don’t seem to appreciate or understand sole proprietors. Due to the fact that you’re the only person on your team, people assume you’reno t worth your day rate or even that you aren’t capable of performing the services you provide. They will try to take advantage of you, suggesting that you do things for free.
How to handle: Pretend you are bigger than you are if you feel people are making incorrect assumptions about your business and you. Yes, that’s right. Act as though you are not alone. Make sure you say ‘we’ instead of ‘I’ on your website and marketing materials. Think of yourself as an ‘agency’ if you think that will help.
Additionally, you could establish a collaborative network of freelancers. Affirming that you are a big company is fine if you believe it will gain you respect.
People assume that you can do things for free.
Due to the fact that you’re a small business, some people may ask for free services. It is likely they’ll think you’ll be happy with any ‘experience’ or projects you can have on your new resume.
They will always exploit your freelancing position, trying to take advantage of every opportunity. People will assume you are desperate for work. That’s not who you are, so don’t let others treat you that way.
How to handle: Unless you need to build your portfolio or think that it will actually lead to more work, make sure you only do work for free when you need to do so. It is important to weigh the advantages and disadvantages of providing free services to a big brand, for instance.
You offer services that carry some risk.
As a freelancer, some of the services you offer may carry some risk, especially the risk of financial loss to your clients, should your services fail. This is especially true for consultants.
How to handle it: Various types of insurance are available to freelancers. Those seeking peace of mind might be happier with maximum cover, while those seeking just the basics might want only the basics. All freelancers are highly recommended to take out at least one freelancer insurance policy.
For freelancers, a professional indemnity insurance policy would be advised to protect yourself from any claims that might be made by a client if something goes wrong.
You have trouble juggling your business duties.
Whether you’re a freelancer or an employee, you need time to sort your accounts, handle administrative issues, manage your business, take calls, and answer emails besides doing your work. You’re going to have to juggle a heavy caseload on a daily basis.
How to handle it: Technology has changed everything, making today’s world a very different place for independent contractors. Don’t hesitate to use all the resources at your fingertips if you are having difficulty running your business.
You can use a virtual assistant to answer your calls. You should hire an accountant to handle your accounts. Ensure that your invoices are chased monthly by a debt collector. Allow yourself as much time as possible to do what you love while earning money.
Taking on freelancing is not an easy task, and the challenges that arise from working remotely can cause some freelancers to quit before they are successful. By becoming a professional freelancer, you’ll soon find that these challenges won’t seem so challenging, and you’ll instead enjoy the freedom that comes from working for yourself.