The Hard Truth about Freelancing | 3 things to know before starting Freelancing

You might have read a lot of posts in which people talk about how amazing freelancing is and how you should definitely try it out and you can become your own boss, uh and and you might have felt that.

You should also try out freelancing okay but yeah not a lot of people talk about the downfalls, the pitfalls and the problems with freelancing and that's what i'll be talking about in this post all right let's get started welcome back everyone i'm Ujjwal and first of all like this post guys and also make sure that you subscribe if you're new to the blog all right.

Yeah so today we want to talk about freelancing, there are three things that i want to talk about that i want to point out that i want all of you to understand before you get into freelancing before you try to take this as your own career okay let's start with some points.

The number one point okay and that is the fact that you are your own boss you get to set your own rules, you get to set your own working time you get to choose when you go out for for a vacation, okay it depends completely on you it depends completely on where you want to take your life. There is no cap on how much money you can earn that's a good thing the bad part about this is that you will always have to hustle, you will always have to make sure that you are upskilling yourself it's always you have to make sure that you are going after and getting new clients okay because again clients don't stay here for forever okay you have to make sure that you are getting in front of people so that more people understand, okay this is the kind of person this is what this person does so i should definitely approach this person and ask if he would be able to do my work okay so this is all that you have to do. You have to take the initiative, you have to hustle really hard every single day, it becomes really it becomes really difficult for me at least to just be like okay i'll just take a day off i won't work and i'll just chill for some time that's not that's not really possible, okay when you are freelancing you have to make sure that you first of all take care of your expenses okay and secondly you have to make sure that you are going after and reaching out to newer clients, okay also at the same time it's really important that you have a community online okay that you have some sort of an online presence that's also a really important part, okay so this is the number one point you are your own boss that is a good thing at the same time it's a bad thing, okay because you get to decide how much you want to work you get to decide how much you want to chill and that at times can be really stressful for a lot of people because they just don't want to take in the pressure okay a lot of times you will feel that there are no clients and you are just you are just at your home you don't have any one that will be paying you for this month okay there will be months in which you won't have any work there will be months in which you will have a lot of work okay so uh this is a very irregular schedule that happens with freelancing so, just keep this point in mind.

The number second point that i want all of you to understand is that there is no security okay this is also really important uh again as i said clients do not stay forever and uh so what you have to do is that you have to constantly uh approach new clients and see if you can if you can work for them right that's really important to understand there's no security means that you won't be getting a paycheck every single month okay and in the beginning you won't be getting anything, okay you will be underpaid you will be spending a lot of time and just doing some free work maybe in the beginning okay so this all is very stressful when you don't get a paycheck after every single month, you just feel discouraged, okay you feel that you should be quitting it you feel that this is just not the thing for you or even if you do get a paycheck it's just really it's really low, okay a lot of people complain that i worked so hard and i just got paid like 10 000 rupees for the entire month that's a that's a bad thing but what they do not understand is that this is an exponential curve in freelancing, okay as you are working  as you are learning new things you will be able to charge them more okay and that's also a really important point that i'll be talking about in the coming uh points okay so yeah second point is the fact that there is no social security there is no security for freelancers, okay there are ways that you can secure yourself by getting some insurances to make sure that your bills are paid when you don't have the money because it can definitely happen, okay it's completely irregular for freelancers uh so just keep this thing in mind.

The third point is the fact that you have to understand your self-worth okay a lot of times especially in the beginning you will find that you are getting underpaid or you're working for free and uh then afterwards once you have once you are like at an intermediate stage you can start charging people but at that point you need to understand, what is your self-worth how much should you be asking for per hour or how much should we be asking for a value based pricing okay so this is really important for you to understand and the only way for you to understand this is by staying aware, okay is by is by having a group of people who are freelancers and just just talking to them just sharing uh your recent orders and how did you fulfill those orders okay so all of these things you have to make sure that you are talking with people that are also freelancers okay so that's a really important point to keep in mind understanding your self-worth it's really really important because if you do not understand your self-worth it doesn't matter if you are working for a new startup or if you are working for a fortune 500 company they will always take advantage of you, okay so this is really important for you to always keep in mind how do you understand your self-worth i'll give you an example of what you can do okay just take a pen and paper and write down every single expense that you have once you do that you can then start to understand okay this is what i spend my money on and so then it becomes really simple for you to think about budgeting and then you can take a look at how much do you want to save how much more do you want to earn okay it becomes really uh really lucrative for you to just think that okay i'll make this much money and then you're like i'll make this much more money okay if you don't have a cap you will always feel unsatisfied in freelancing so yeah that's what i feel about these three points i'll just revise uh what we talked about in this.

Summary

Point number one we talked about you are your own boss it's a it's a boon and a bane at the same time uh, secondly we talked about that there is no security okay that's also a big point to keep in mind and third thing to remember is the fact that you have to understand your self-worth.

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