Work The Freelance Economy Without Leaving Your Day Job

Freelance Economy Without Leaving Your Day Job

Starting up in the freelance economy without leaving your day job can be quite challenging. Financial security gets to set the tone for most of the conversations. Financial security is something that a regular full-time job can offer to a large extent. However, slowly transitioning from your regular full-time job to freelancing shouldn’t be frightening. Freelancing can start up as that side hustle.

There is no guarantee with respect to financial security when you start up as a freelancer since your reputation in your field is yet to be built.

However in little or no time with hard work and the right coaching you will build an amazing portfolio for yourself and have a host of regular clients. But it is important to note, that in your first year as a freelancer, your financial security won’t be guaranteed. What you make as a freelancer won’t be compared to what you make from your regular full-time work at least when you start. So it is highly advised that you keep your current job while making the transition to full freelancing. Keeping your regular job gives you the financial backing and confidence needed in building your portfolio

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Benefits of The Freelance Economy Without Leaving Your Day Job

Freelancing as a side hustle has numerous benefits. Below are some benefits of freelancing;

Financial Security

This point cannot be emphasized enough. Having a passion is one thing, earning a living off it is also another thing. With the present day challenges we are facing and the uncertainty that brings in testing.

An Increased Level of Income

Individuals who quit their regular jobs to begin freelancing full-time have often time reported a drop in their general income. What is more interesting is the fact that gig workers who are still running their regular full-time or part-time get have sources of revenue.

Freelancing while working full time isn’t a walk in the park, it is a very delicate balancing act that needs a lot of discipline and hard work to achieve. Highlighted below are steps to be taken to help you start freelancing while working;

Take a Closer Look at Your Employment Contract

This is the first thing to do to avoid court cases in the future. It is very important for you not to break a Non-Compete clause as this might have a serious impact on your professional career. This will have an effect on your career, even if your employer doesn’t take any form of legal action against you. So before you decide to go freelancing it is important that you take a closer look at your employment contract.

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Know your Worth

Freelancing with your regular full-time job has a lot of benefits but these benefits won’t be useful if you don’t learn to know their worth. Individuals in a good number of cases get under charge themselves   It is important to note that establishments are in the habit of recruiting remote workers with quality and expertise;

Make a Timetable

After spending the majority of your day at work, it may appear very difficult to work on something else due to mental fatigue. It is however important to note that the freelancing profession is one in which you have to produce a lot of materials to get some form of recognition. Therefore, important that you have a schedule.

It can start with scheduling a few minutes a day for your freelance work and a few hours during the weekend. With time, there should be a reasonable increase in the time you schedule for your freelance activities.

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Create a Portfolio

Having a good portfolio helps to speak for you, it shows prospective clients your capabilities. A portfolio with the best of your works will help you get those clients. Freelancing on the side helps you build a solid portfolio before you finally get to branch out full time. Below are a few ways of creating a good portfolio;

  1. Getting jobs done for friends or family for free. However, it is essential that they don’t get the impression that you are doing this only because of your portfolio.
  1. You can also create your own blog where you can be uploading your works
  1. Taking low prized jobs that have a much lower competition when pitching

Devote a time for pitching to prospective clients

There is no gainsaying that working a regular job helps sharpen your skills. However, if you intend to go freelance, you need to be able to pitch to clients. Yes, recommendations can get you quite a handful of clients. So as a freelancer who would is working towards freelancing full-time, it is necessary that you take the proactive step of looking for clients. Dedicate at least 4-hours on a weekly basis to make research and contact prospective clients.

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Search for Opportunities

This is a very essential step to take and it doesn’t take much, all you have to do is run online searches of the opportunities you want to fill in on search engines like google, bing, and social networking platform. For instance, simply run a search on “Freelance Writer”, “Front End Programmer”, “Graphic Designer”, or “Photographer”.

Evaluate Your Growth

Before taking any freelance job, it is important that you take note of the amount of time you are willing to invest in the job. This is very important so as to avoid failing to submit tasks within the agreed-upon time. Such a situation can also be very stressful, affecting your social life in the process. It is thus recommended that you handle a few clients at a time, supplementing your regular income with what you are earning from freelancing on the side. There will come a \ time when you come to the conclusion that you have gathered the needed experience and clientele to make the transition to full-time freelancing. Making the right decision is dependent on you and the circumstances you find yourself.

The steps highlighted above, if followed will help you work the freelance economy without leaving your day Job to safeguard you from getting into issues with clients, overcome the imposter syndrome, find a schedule that works best for you, and have good value for the fan.