How to Start a New Business Doing Freelance Work

How to Start a New Business Doing Freelance Work

If you like the idea of working for yourself? Most businesses will require you to carry inventory or buy a lot of supplies. If that’s not something you want to deal with then you may want to learn how to start a new business by doing freelance work. Freelance work can usually be completed using things you already have in your home. If you do have to by any equipment the start up costs will be very minimal.

First, you should decide what type of freelance work you would like to do. There are many options out there. You could be a graphic design artist, a writer, a photographer, or even a virtual assistant. Most freelance work will only require you have a computer and access to the Internet. However, you will need more equipment to be a freelance photographer and you may need some specific software programs.

Once you decide which direction you would like to go in, you need to build a portfolio. This is pretty simple. If you are going to be a photographer, start taking pictures. If you want to be a writer, start writing. What you are doing is compiling samples of your work to show potential clients. You will also need a resume. Since you have yet to have your first client, your resume should focus on any skills or experience you have pertaining to your field. Remember you are just learning how to start a new business, perfection takes time. The only thing left to do before the work starts is to setup some sort of checks and balances where your finances are concerned. A good rule of thumb is to set back 20% from each job for taxes and track all of the work you do.

After your resume and portfolio are complete, it’s time to land that first client. Remember, the first client is the hardest one to get. You should prepare yourself for rejection in the beginning and you may even set your rates a little bit lower until you gain experience. If you are still not confident, you may consider doing a couple of jobs at no monetary cost. This means you would take on a small job in exchange for being able to list the experience on your resume and a reference if they like your work. Learning how to start a new business with freelance work isn’t difficult. Once you land that first client though, you’re in business. Now go out and land some more!

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