Freelance work is a huge industry with well into the $300 Billion being spent each year by business in need of work done. When you add to that fact there is a huge portion of that work being farmed out to virtual workers through freelance sites such as Freelancer, Upwork, guru and etc. it becomes apparent that earning $100 a day is very much possible with a little bit of effort and a solid work-ethic.
We’re going to look at a few ideas you could put to work for yourself starting today so that you can go out there and get a part of that massive $300-Billion-dollar pie. With so much money exchanging hands every year grabbing a messily $100 per day for yourself should be no problem with a bit of practice.
In order to go into business for yourself as a freelance-whatever you decide to do, you will need to work out a few details such as:
- What type of work you offer to potential clients
- Pricing structures (this helps work out reasonable deals without much hassle)
- Where you will be offering your services (websites, forums, fiverr, Upwork, etc.)
- Revision policies because you will get clients coming back saying they want things changed
- Anything else you want to use to articulate your business structure
On the flip side to this, you don’t need a bunch of the other stuff some other $100 day methods might require such as:
- No need for a website (though it’s never a bad idea to have one)
- No up-front investment necessary unless you wanted to spend on advertising
- No pre-existing contacts required (you can offer your services for a discount to build this up)
- No need to sell anything but yourself & your abilities
This Is Just Like A “JOB”
No it isn’t, its better.
You get to do things like:
- Set your own hours
- Pick your own projects by only accepting gigs you want to work on
- Charge a premium for your services if you have the skill to back it up
- Keep a client-list of people you actually enjoy working for; this never feels like work
Granted, if you’re just starting out in the freelancer game you’re going to need to work your behind off to build up that positive reputation in your circle. Once you do this however, the sky is the limit for you!
You can work a full 8 hour day for 5 days a week if you wish. You can work less if you feel like it. It’s all up to you, you are in control of how much you work. As good as this sounds it would be irresponsible to not say that you will need to work in order to see those profits. Of course there are methods where you could become a middle-man and hire people to do the work for you, which makes you a sort of “middle man”. This is often referred to as “arbitrage” but simply put, it just makes you the manager. Just about every service based business model uses this in some form or another. When you need to have repair work done on your home you will often call a contractor who will then show up with a labor-force who does the actual work… same thing. You would go out there and hunt down jobs that need to be done and then farm them out to your workers and split the profits. Everyone gets a cut, they do the work, you look for more work to be done so even more money can roll in; everybody wins!
Becoming a freelancer does take work and you can work as often or as little as you wish depending on your income goals. It’s a good way to get off the ground and jump into the “work from home” business. Once you have a system in place you can start using a little bit of your profits to do other things like build an email list and promote affiliate offers effectively creating another income stream.
Let’s take a quick look at some of the good along with the “bad” of becoming a freelancer to earn that $100 a day:
The Good Stuff
- Super simple to get started
- Potential to make a lot of money
- Building a valuable list of clients you can leverage in the future
The Not-So Good Stuff
- There are a lot of other freelancers and they all want the same job
- You are still trading time for money (unless you go the arbitrage rout)
- You do have to deal with clients which are people and we all know people can be a pain
Freelancing Is Good For Newbies
If you’re brand new to making money online from home then chances are you don’t know where to start. That’s fine, freelancing is perfect for you. Yes, it requires you to have some sort of skill you will be leveraging for money but everything requires you to work in some way; freelancing is just another alternative of this.
Think about it for a moment. You could wind up with practically no startup costs. All you’d have to do is sign up for a few of the platforms mentioned previously in this article and get to work.
There is an absolutely massive demand for freelance workers on every single one of those platforms and then some. The few listed in this article are among the most popular but there are many more sites you could look into for yourself to find even more work.
You really don’t even need to be any sort of “expert” to do a lot of this stuff; just being able to complete a task with good quality work and a positive attitude can get you far when just starting out.
Maybe you know how to do something “kind of good” but aren’t quite sure of some specifics. You have the internet at your fingertips and can simply look this stuff up. When you agree to do somebody else’s work for a paycheck you’re essentially doing the work they either don’t want to, or can’t do for one reason or another. If you can figure out how it’s done by looking it up on YouTube or something then you’re already headed in the right direction.
If you’re still stuck on what to offer as a freelance worker then you can have a look at this page on the urbanforage website. They list off 20 of the most common (and in demand) freelance jobs for anyone looking to get started to jump into.
To give you an idea of some of the things on that list:
- Travel Writer
- English Teacher
- Graphic Designer
- Elance Worker
And the list goes on from there; each of these has a nice description you can read if you’re interested to find out more once you’re done with this article.
Do You Have What It Takes
Here’s the deal. Your income as a freelancer will depend on your skill, level of expertise, and your ability to market yourself as a freelancer in your particular niche.
What you do and how much you charge for it varies so much that it’s hard to say one way or the other what you should charge for your services; it’s something you’ll have to decide for yourself by evaluating your competition to see where you fit in.
You’ll find anything from some people writing an entire article for just $1 (which is typically done in very poor quality) to upwards of $250/hr for the exact same work!
Based on this information you may need a number of clients to work for or simply one in order to reach your goal of $100 a day as a freelancer.
Scaling It Up
Doing work as a freelancer is basically trading one’s time for money. That said however, it is possible to scale up your profits by doing a couple things.
- Charge More: It could take you a little while to build that reputation up but once you do it’s not unheard of to charge a premium price for your premium service. There are a lot of businesses out there with very deep pockets that are looking to get quality work done and they are not afraid to pay for it. Depending on what you offer and how good at it you are it’s possible you could charge $100/hr for your work. If you charged even half that and worked the typical 40 hours per week you would make nearly six-figures a year.
- Start An Agency: Remembered a while back when I mentioned that arbitrage thing? This is what I was talking about. Starting your own agency is not as difficult as it may sound. It does require you to get familiar with contracts and seeking out talent to perform the tasks you’re hired to do, but it’s very do-able. If you could work 4 to 8 hours a day and charge even half a premium price then just imagine how much potential profit you’d be making if you had a small team of workers which would allow you to double, triple, even quadruple that!
Freelance work isn’t for everybody. If you think you’d be more in tune with affiliate marketing then you’ll want to check out the Powerhouse Affiliate premium site. There you’ll find a lot of cool stuff like how to build an email list (you’ll be taught more ways than one to do this) as well as how to run CPA offers for maximum profits. How to use Facebook to your advantage, how to set up effective campaign tracking and a whole bunch more… check it out here.
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