dailysun.net.au

How to join the freelance economy

  • Written by NewsServices.com

If you are entertaining the idea of leaving the 9-5 rat race to start your own freelance service business, then your thinking is in line with a growing global trend. 

 

Millions of people across the world are foregoing the corporate grind and taking the plunge into self-employment instead. Attracted to the promise of freedom and better work/life balance. 


In the USA there are now more than 58 milliowhenn freelance service providers, contributing over $1.4 trillion to the U.S. economy. Current research suggests that 50 percent of the US workforce will be employed on a freelance basis by 2027. And over the next two decades, freelancers will become the majority of the US workforce. 


On the home front, around 3.15 million Australians are today in some sort of contract or freelancer style employment arrangement, according to ABS data. That's 28 percent of the total Aussie workforce. A figure likely to rise, fueled to some degree by attitudes of millennials - a PWC survey showed that 66 percent of millennials want flexible work hours. And the impact of the pandemic which is resulting in companies of all sizes opening up to the idea of sourcing talent remotely.


If you are considering jumping on this self-employment freedom-seeking bandwagon, then here are a few tips from a local small business coach, Elizabeth McDonnell, to help you get started. The tips below are relevant to anyone with advice to give or knowledge to share who wants to start their own service business doing what they love. 


First, get crystal clear on the specific service you want to provide and specifically for whom. This could otherwise be described as, finding your service niche, and finding your ideal client audience or target market. When deciding on your niched service, make sure that you can marry your existing knowledge, skills and experience with a service that is currently needed in the marketplace. If you haven't decided, an online MPM degree would be a versatile choice as it goes well with a variety of degrees.


If you are struggling to join the dots on your career, then have a look into the Japanese philosophy of, ‘Ikigai', as a way to bring about clarity. The centre of the diagram below is considered to be 'your purpose' according to Ikigai philosophy.



Once you are clear on your service niche, you can then position yourself as a service provider in the marketplace. With millions of self-employed freelance ‘experts’ now offering their services across the world online, the need to stand out amongst the competition is now more relevant than ever. Try to develop a pitch that describes what you do in a way that resonates with the specific group of people you’d like to work with. Your pitch also needs to tap into what is unique, special or different about you. You need to aim to show up in the market as ‘the specific person’ your ideal clients should want to work with.  


And finally, you will get more work if you can package-up your services into a clear service offer for sale. Creating a service offer or a packed-up service product that solves a specific client problem is one of the easiest ways to sell services, simply because people buy packaged solutions. 


This step starts with defining the specific client problem you solve, or plan to solve, and then developing your own methodical way of working to achieve your client’s desired results. 


If you are new to self-employment, then you can speed up your progress and chances of success by working with the right business coach. You might need to try out a few different coaches until you find the right fit for you. The right coach will ultimately be a person you have great rapport with who helps you confidently reach for your small business goals.

Millions join the freelance laptop-lifestyle each year spurred on by the promise of more freedom and a better quality of life.

Business

Important Considerations When Selecting Lawyers in Sydney

Choosing the right legal representation is crucial whether you're dealing with a personal matter or a complex business legal issue. With an abundanc...

MRZ Software and the Evolution of Document Recognition Technologies

Document recognition has undergone tremendous advancements over the years, significantly enhancing the ability to verify identities and authenticate...

Integrating Custom AI with Cloud Solutions: The Future of Business

In the fast-paced world of modern business, staying ahead of the competition requires more than just keeping up with the latest trends; it demands inn...

How Commercial Painters Can Enhance Your Business Space

The environment in which a business operates plays a crucial role in its success. The appearance of your business space can influence customer perce...

Melbourne Family Lawyers: Navigating Legal Challenges with Confidence

Family law encompasses various aspects of relationships and domestic matters, significantly impacting individuals and families involved. Melbourne fam...

Office Cleanouts: Efficient Commercial Rubbish Removal Solutions

Maintaining a clean and organised office environment is crucial for productivity and employee well-being. However, over time, offices can accumulate...

Buying Guide: How to Choose the Right Fishing Boat for Your Needs

Choosing the right fishing boat is essential for a successful and enjoyable fishing experience. With so many options available, it's important to co...

7 Creative Ways to Use Shrink Wraps

Shrink wrap is a versatile packaging material known for its ability to provide a tight, protective seal around items of various shapes and sizes. Wh...

The Ultimate Checklist for SMSF Setup

Establishing a Self-Managed Superannuation Fund (SMSF) offers the promise of greater control and flexibility over your retirement savings. However, ...

How to Prepare for a Junk and Rubbish Removal Service

Preparing for a junk and rubbish removal service can make the process smooth and efficient. Whether you're clearing out clutter from your home, reno...

How to Find Trusted Lawyers in Frankston

Finding reliable legal representation can be a challenging task, especially if you’re unfamiliar with the local legal landscape. For residents and...

Why Accurate Scientific Sieves Are Essential in Material Testing

If you work in material testing in pharmaceuticals, construction or even food processing, you’ll understand the need for accuracy in your measurem...

8 Ways an Accounting Firm Can Help Your Small Business Grow

In the dynamic world of small business, effective financial management is key to sustained growth and success. Engaging an accounting firm can be a ...

Aluminium Suppliers in Melbourne: A Guide to Quality, Resourcefulness, and Sustainability

Melbourne is advancing in the industrial sector and innovation is coming day by day. The industrial structure and sector mainly rely on the supply...

Ensuring Safety: The Importance of Asbestos Inspection in Perth

Any guesses for the one mostly used material in buildings that was durable and behold fire-resistance properties? There are many materials used in...

How to Maximise Efficiency with Forklift Operations

In industries where materials handling is a daily necessity, efficiency is key to maintaining productivity and profitability. Forklifts play a pivot...

Mobile Solutions: Harnessing Spatial Capacity of 20 ft Container

The 20 ft shipping container has acquired the reputation for being highly indispensable tool in connection with the global trade as well as transp...

How to Print and Bind a thesis: The Definitive Guide

Do you have the final version of your research paper complete? It is engaging and time-consuming; therefore, we applaud your progress thus far. Even...