Channel: Freelancer
Freelancer
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If you are a sole trader, there are steps you need to take to ensure you pay the correct taxes.
After submitting the tax return, a tax bill will detail the amount owed in income tax and national insurance that can be paid through various methods.
If youβre set up as a limited company, you will need to submit an annual Company Tax Return and pay Corporation Tax on your freelance earnings.
The deadline for filing this type of tax return is 12 months after the accounting period it covers has ended.
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Here is the list of the best freelance work apps under their specific genres.
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All levels of funding, from seed money to series C, allow a company to expand their operations. This may mean they are hiring for just the work you do! Make sure you're notified daily when a startup in your niche has made it easier to afford your work.
Even if it's been awhile since you've done work for a client, showing off your latest projects gives you a reason to keep in touch. It also has the benefit of letting them know what you're up to. Actors use show reels and graphic designers use demo reels in much the same manner.
While many freelancers mistakenly assume that agencies are the competition, the truth is that they can be a lucrative source of work! Make relationships with larger service providers in your area so that you can possibly take on their overflow work during busy seasons.
Use a free bit.ly link to customize a different link to LinkedIn from each site. This makes it easy to determine where people are finding you, and you can focus your efforts on the most effective platform.
Nothing speaks to potential clients quite like a word-of-mouth recommendation. Use the LinkedIn recommendations tool to solicit words of praise from future and current clients. You can also ask for them through email. Display the testimonials on your website, portfolio, resume and social handles!
As more and more freelancers seek to use the most updated resources, they will be looking for help in mastering them. By establishing yourself as a go-to authority, it will be easier to market yourself and find work requiring those tools.
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These reports don't have to be fancy, but they should show how your work has positively changed clients' lives for the better. Use stats, testimonials, and budget reporting to back up the ROI for your work.
Your digital footprint is very important in establishing a professional persona. Check in with Google regularly by setting search alerts to see what shows up for your name on the internet. Scan sites and google photos to be sure nothing negatives can make it hard for you to get work.
An important part of your branding is to determine what your specialty will be. Whether you focus on a particular skill, technology, industry (or all three), make sure your marketing reflects this decision. Potential clients should be able to easily identify your niche (restaurant logo designer, for example) without doing too much research.
Many lists of freelancers and marketplace sites allow for free submissions. Simply search for terms such as "freelance designer directory" or "Squarespace developers" and make sure the sites you submit to are up-to-date with their information.
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Consider regularly sharing posts on Facebook, Twitter, Behance, and Dribbble about projects youβre proud of. The more often people see your work, the more theyβll remember what you do. And when someone needs a graphic designer, your name will come to mind. Iβve gotten freelance writing leads from people who recommended me after seeing my work on Facebook.
Finding new graphic design work locally gives you the advantage of connecting with people in person. Take inventory of neighbourhood businesses and visit websites to see whoβs in desperate need of a makeover.
Drop in during a companyβs slower times. Ask whoβs in charge of marketing or decision-making. Often that person will be the owner, maybe the person youβre talking to. Introduce yourself as a graphic designer and tell them youβve checked out their website. Without being insulting, share your ideas about possible improvements.
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Working with a recruiting or staffing agency can be a great way to find opportunities you wouldn't otherwise know about. These recruiters only make money by filling these positions. Which can mean that they may pitch dull-as-dust roles with the same enthusiasm as dream jobs.
Keep in mind that these agencies get a share that automatically cuts into your rate. So itβs actually in your best interest to be your own recruiter. That way, you can create opportunities beyond a recruiterβs network and what youβll find on job boards.
Try sending emails to creative directors and managers at companies you actually want to work for. Keep it brief with an overview of your relevant experience and a link to your portfolio. Be clear about the skills you offer and the type of projects youβd like to work on. Make sure they know youβre looking for contract or freelance opportunities.
Being your own recruiter means pursuing companies and people you want to work with. So be brave and be picky β find clients that are right for you.
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Freelancers and self-employed individuals lack automatic workplace pension contributions but can still rely on the State Pension by making qualifying National Insurance contributions for at least 10 years. It's important to check your State Pension status via the Personal Tax Account to understand your future pension entitlements. To enhance retirement savings, setting up a private pension is advisable, providing a tax-efficient savings method and the structure for managing future finances.
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Buying a home as a freelancer can be challenging due to fluctuating incomes and stricter mortgage lender requirements. However, it's possible with careful planning and the right approach. Here are condensed strategies to enhance your chances:
- Online mortgage calculators designed for the self-employed can provide a preliminary assessment of how much you might borrow based on your income and savings. Use these tools as a starting point to understand your financial standing and set realistic goals.
- A mortgage advisor experienced in working with freelancers can navigate you through the application process, assessing the risk level of your application and offering tailored advice to boost your approval chances.
- An accountant can offer invaluable insights into your finances, helping you prepare for a mortgage application by ensuring your tax payments are up to date and by forecasting your income, thereby improving your affordability profile.
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At the top of your resume sample, you may choose to include a summary. This section is particularly useful for freelancers because it allows you to speak directly to the employer and explain your situation. A hiring manager wonβt be left wondering why your resume doesnβt look like others once they see that most of your career has been freelance.
Check out the summary from our freelancer resume sample for an idea of how to structure your own:
ADAPTABLE SUMMARY EXAMPLE
Dynamic Freelancer specializing in content creation, journalism, entertainment writing, and social media management. Adept in creating engaging, stimulating, and data-driven content that relays powerful messages to targeted audiences.
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Statistical Insight: According to Flexjobs, a jobs board for remote work, the top fields for freelance employment are:
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LinkedIn rarely makes digital marketing headlines. Yet, used correctly, it can be the single best social media platform for founders and startups.
LinkedIn is where you go to grow your personal brandβbut not just any kind of brand. If you want to become influential in photography, you go to Instagram. If you want to become influential in photography, you go to Instagram. if you want to become known as a business owner or entrepreneur, you go to LinkedIn.
52% of buyers say LinkedIn is the most influential channel during their research process. Almost 90% of B2B marketers use LinkedIn for lead generation, and 62% of them say it generates twice as many leads as the next-highest social channel.
Almost 25% of LinkedIn users are senior-level influencers: decision-makers, business builders, and C-level executives. These are the kinds of people you need in your circle when building a business.
LinkedIn is the place to go when youβre looking for a jobβand itβs also where your new hires are hanging out. Post job opportunities, look for referrals, and hire your dream team.
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Freelancer
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