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    superadmin
    Jun 1 st, 2017
    Blog-Freelancing No Comments

    COMMON PROBLEMS FACED BY NEW FREELANCERS

    Post Category: Blog

    Problems Freelancer

    The transition from a full-time professional to a freelancer can be tricky. People react to new situations differently, based on our backgrounds, abilities, and several other factors as well. It is a feeling that is akin to that of being thrown into the deep-end of a pool, without having a plan to get out from the other end.

    Before simply taking the plunge, you need to know what to expect from yourself as a freelancer. Here are some issues that freelancers may be plagued by:

    • WORKING TIMEZONES

    The nature of freelancing itself allows you to connect with clients all over the globe. This implies that you’ll get a wealth of experience and encounter new clients and cultures along the way. Although it also means that you might have to manage clients overseas

    Solution: A compromise. It’s really pointless to wake up at 4 in the morning to discuss a project with your client. The solution here is to find a common ground. A mutual compromise on timezone management would be the ideal way to resolve the scenario.

    • DIFFERENT CURRENCIES

    Dealing with multiple clients could mean dealing with foreign currencies as well. Usually, in the freelancing world, the U.S dollar is accepted as a transaction constant worldwide. This is something you can take advantage of depending on the location where you are based. However, since there is financial instability in the nations across the world it is important to keep a close eye on currency rates. At times, you could witness a variance of 10%, which on bigger projects could hurt your profit margin.

    Solution: To tackle this issue, simply deal with your local currency, and offer the value of the project will be in both the local currency as well as USD.

    • FINANCE MANAGEMENT

    Akin to small businesses, freelancing also operates in waves of ups and downs. At times it will rain money, other times you’ll be lucky to get even a drop. Most veteran freelancers will suggest that it is a good idea to keep some back-up money during drier periods. This is something that most freelancers will experience from time to time, irrespective of how long they’ve been in the business.

    Solution: Keep a keen eye on your incoming cash flow, and don’t get tempted to blow your money each time it comes in. Make sensible purchases and ensure you have back-up to safeguard your well-being.

    • BEING THE BOSS

    Perhaps one of the most compelling reasons why people choose freelancing is the fact that you are your own boss. However, this can be a tiring endeavour. It might take you away from your specialization, and in turn force you to make hard decisions for your business.

    Solution: Try to be a jack of all trades. As a freelancer, you have to be able to deliver top quality work, manage financials and client interaction, and you need to do this in an efficient manner. The best way to become a freelance boss is to take a hard look at your strengths, your business, and how much you can achieve with the time allotted to you.

     

    MAKE REAL WORLD CONNECTIONS FOR BUSINESS

    Freelancers have to be actively aware of the need to start reaching out. There are tremendous opportunities online for freelancers. Portals like goHyP offer to help bridge the gap between employers and professionals, by providing an online marketplace platform for all freelancers to connect with business owners in search of quality expertise on a need basis.

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