How to Transition from the Corporate World to the World of Freelancing?

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How to Transition from the Corporate World to the World of Freelancing?

Flexible working hours, freedom from transportation stress, and the privilege of having your workspace and your home rolled into one are just some of the reasons why more and more Filipinos are switching from the corporate world to the growing world of freelancing.

Who wouldn’t want those wonderful benefits? So if you’re thinking about switching over from your draining 9-5 job to be a freelancer, here are 6 simple tips to help you transition from the corporate world to the world of freelancing:

  • Don’t quit your job just yet; it serves as your backup plan. The most common mistake most newbie freelancers do is quitting their job right away without planning their course of action. Because of the flexibility that freelancing offers, a lot of people are diving in, head first, without a backup plan. However, just like most profession that there is, freelancing won’t make you successful overnight. So if you don’t want to end up jobless and lost, I suggest you secure a client first and plan your course of action so that if Plan A (freelancing) does not work, you can always have Plan B (current job) as your backup.
  • Research.   This is so important that it should be included in the book that gives you a list of the things that you should do before becoming a freelancer, if there’s such thing. Researching allows you to gauge the kind of tasks you could and couldn’t do. Thus, giving you a starting point. It also gives you a snippet of the field you’re about to enter and which of your skills matches which niche. As they say, knowledge is power. So make sure to know what you’re putting yourself into before anything else.
  • Know your skills. Know your Niche. This is in support to Tip #2. Once you’ve done your research, you should be able to determine the applicable field to your skills. Knowing this is crucial if you want to strive as a freelancer. Knowing your skills means knowing your worth, knowing your worth means sufficient earnings for sufficient work.
  • Network with your peers.  Connections. Opportunities. Those are the doors you’d be opening if you practice networking. If you’d look it up, the definition of networking is: to interact with other people, to exchange information and develop contacts, especially to further one’s career. That is why starting freelancers are advised to do this.It can be the best way to gain new clients, new information, and new friends. Extensive knowledge in your chosen field is favored,  clients usually prefer recommendations, and old and new friends is helpful for times of boredom—and all these boxes can be checked through networking. Networking also helps if you want to know the in’s and out’s of this industry. What better way to learn new things than through your peers, right?
  • Prepare your workspace.  Most freelancers are in the comfort of their homes and when that can be good for spending quality time with their family, it can be harmful to their productivity. Having a nice workspace can increase the level of your productivity. A lot of people neglect to do this, and that is a big no-no. If you want to start freelancing, part of your preparation should include setting up a workspace that could entice you to work, one that could mimic that of an actual cubicle you previously had at work—and preferably somewhere far from your bed to avoid the temptation of sleeping in.
  • Be financially prepared.  Unlike the monthly or bimonthly salary you probably receive regularly from your previous job, income from freelancing might be a bit unsteady. Especially for starting freelancers, it might be a bit hard to adapt in a not-so-regular income. One month it might be thousands of pesos, then a few hundreds the other. So prepare yourself. Financial preparation doesn’t end there though. You also have to think in advance and know how much you need to earn for bills and savings for you to know how many hours you need to spend in front of your computer.

Those are the tips that could help you transition from the corporate world to the world of freelancing. Just remember these tips and you are going to be one step closer into becoming a successful freelancer.

2 COMMENTS

  1. This is a great post for people planning to dive into freelancing. It is important to consider that, before jumping into freelancing, you need to nab long-term clients first. Without having clients like these, you need to consider freelancing as a supplement to your full-time job’s income. Once you have developed enough streams of income as a freelance from different clients and are able to passive generate new clients over time, then you can think of transitioning from full-time to freelance.

    Also, I linked to this article on my blog’s roundup post about blogging and writing: http://christopherjanb.com/blog/write-wednesday-vol-7 Hope you don’t mind. Thanks!

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