Freelancers, listen up. How many of you know how to legally establish a business, set a fair rate for yourself, get your taxes right and invest smartly in a retirement plan?
The world is quickly shifting to a “gig economy,” which means more and more people are freelancing every year. But there’s a lot to know about running a one-person business, and all kinds of risks if it isn’t done right.
What you will learn:
• Freelancing Basics
• The Benefits of Freelancing
• The Drawbacks of Freelancing
• Business Structure and Registration
• Business Licensing
• Freelance Contracts
• Freelancer Unions
• Retirement
• Taxes
• Your Portfolio
• Embedding and Content Creation
• Networking
• Professional Associations
• Online Marketplaces
• Proposals
• Overseas Work
• Pricing Methodology
• Market-Based Pricing
• Price Structure
• Getting Paid as a Freelancer
Where to turn for info? While The Internet has lots of freelancing advice, most of it tends to be scattered and, often times, unreliable. It’s tough to find everything you need in one place, which is what inspired us to create a one-stop guide for freelancers, covering everything from business structures, to getting good gigs, to taxes, to long-term savings, and much more.
We analyzed hundreds of online resources and spoke to a wide swath of experts so we could gather everything there is to know about freelancing. So let’s get into it! You might want to plug in your laptop; this could take a while.
Given the growing numbers, it’s no surprise that freelancers are referred to in a number of ways. Here are five, as described by the Freelancers Union and Upwork
• Independent contractor: They do supplemental and contract work on a per-project basis. Many think of independent contractors when the word “freelance” is mentioned.
• Moonlighter: They’ve got a full-time job and also a “side hustle” — like a salaried engineer who takes on consulting assignments on the weekend, or a teacher who tutors after school.
• Diversified worker: Part traditional employee and part freelancer, diversified employees split their time between part-time jobs and at-will work. These types of freelancers are becoming more popular as on-demand service apps take off. A diversified worker, for instance, might work 20 hours per week as an office administrator and another dozen or so delivering goods for services like Postmates or TaskRabbit.
• Temporary worker: Most of us are familiar with this subset. Temps have either a single, traditional job, or a contract position for a predetermined period of time, like a web designer who works for three months at a soon-to-launch startup.
• Freelance business owner: Think of this as a freelancer’s freelancer. Imagine a successful freelance dog-walker that needs to expand her business to meet rising demand, so she hires additional freelance dog walkers.
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