Showing posts with label freelance. Show all posts
Showing posts with label freelance. Show all posts

From Full-time To Freelance

Everybody wants a little more freedom to do/move/live/create as they please. That's a human truth that has been etched in stone since the day before the beginning of time. 

Finding the job that allows you even 75% of that freedom is golden. Having a boss/team/client/projects that push you to think outside of the usual confines of advertising/traditional ideals is golden-er. 

Also, having the environment where you can leave early sometimes or feel open/comfortable enough to play your guitar or wear flip flops around the office is golden and covered in diamonds. 

But not everyone can have that. So what is the best option to do/move/live what you want? Freelance. (I didn't add "create" in there as I did earlier because I feel like that's inconsistent. Sometimes you're called in just do resize stuff so the full-time creatives can create. And sometimes you're called in to work on a new digital campaign for the next project launch. It varies.) 

I thought this article was a good reference for aspiring and/or new freelancers.

Related Reading: 
Freelance VS Working for Free - How to decipher if this "favour" is really "freelance." (Also check out Life Hackers - When and If You Should Ever Work For Free.)
Freelance: A Starting Point - How to find freelance work.
Freelance Money Talk - How to determine your rate.
Freelance Etiquette - How not to be an asshole freelancer.
Freelance Tax Tips - Good to think about now so you have everything in order next April 15th. 
Freelancer Turned Full-Time - Interview with a junior freelancer who landed a full time gig. 

How Do I Become A Full-time Freelancer? 
via Bklynresumestudio.com

A client said to me yesterday, “So this is something you do on the side for extra income, right?” to which I replied, “Not at all – this is my full time job. I work 40/50 hours a week doing this.” And while I think that scored extra credibility points in his mind, I also got the impression he was surprised that someone could be making a full time living writing resumes. You can – a very good one. But it also took me 3+ years and many revised drafts of my business plan to get here. It’s important to not only be open to that cycle of change and evolution when you have a business, but to also expect it.
Some people have great success starting from day one, and for others it takes months, even years, to reach a point of financial sustainability.  And whether you plan to freelance and work as a contractor for other companies, or independently on your own with your own clients, planning is key.  But you CAN set yourself up for success before you even leave your 9-to-5, to ensure you’ll be on your way to turning profits and bringing in customers sooner than later:
  • Get clear on the 5Ws.  Know what you want to do, who you want to serve, why it’s of value to them, and when & where you will make it available. And then price it accordingly.
  • Practice telling people what you do. The more comfortable you become referring to yourself as your new title and explaining what you can do, the lesser the chance you’ll fumble it up in front of clients when it really matters.
  • Figure out what professional connections you already have that you can leverage for projects and work. Be careful of violating any non-compete policies if you’re remaining in the same line of work as your former employer. But do look at past clients, colleagues, supervisors, and other vendors you may have worked with who might be able to refer work to you or be a potential client themselves.
  • Tell everyone you know about your new venture. Don’t assume friends, family and colleagues don’t know people who can potentially use your services. My biggest revenue source to date, in revenue and in client volume, has been referrals.
  • Have a solid 12-month financial plan in place before you quit a full time job.While it’s great to be optimistic, it’s better to be realistic around the fact that new businesses take time to generate revenue. You don’t want to be building your business from a place of desperation.
  • Update your LinkedIn profile and all of your social media profiles. Even if you’re not billing hours right away, that does’t mean you’re not a serious practitioner of your craft. Get the word out, because that’s the only way the money will come.
  • Create a business plan. Even if you don’t think you need one, you need something to guide your financial planning, decisions around product development, understand the competitive landscape, and plot out your target audience. And as your business evolves, so too will your business plan, and putting long and short-term goals in place will help you track and get a better sense of what’s working, and what’s not. Referral business is free. $300 per month worth of ineffective Google advertising isn’t.
  • And finally, put a timeline in place and choose a date to kickoff your transition. Whether it’s the day you plan to give your notice, officially launch your business, or be working completely on your own, it’s much easier to set a specific date and work backwards toward your goal, then to sit around and wait for the right opportunity and timing.  Having a deadline-based goal for making a transition will help you plan much more effectively from a financial and personal perspective, and you’re more likely to stick to it if you have it in front of you visually."

Freelance Tax Tips

Tax season is only fun for accountants. And ad agencies that have tax products and services as clients. (If I see one more H&R ad....) 

Doing my taxes always stresses me out and makes me nervous. Not that I lie or cheat or even do the paperwork myself, it still makes me a little itchy nonetheless. (I realise this also happens when I go through customs. All my papers are legit, but for some strange reason I'm nervous I'm going to get tackled and tasered.) 

I think part of the problem is my lack of confidence in what's going on because of my lack of education on the topic. So I decided to do something about it this year. And, as usual, I'm sharing my learnings with you. 

If you've done any freelance work in 2012, read up and take notes. If you're planning to in 2013, pull out your notebook too. 

5 Freelance Tax Tips 

* Report all your income. You may think that check wasn't big enough or that no one would notice since you didn't fill out a W-9, but the business or person may report it and if you don't that may be a bigger deal than you think.  Discrepancies raise red flags and you don't want to get audited. Or tasered. 

* Get OrganisedIf you’re not using software such as FreshBooks, QuickBooks, or Quicken, start now for 2013.  That's a bit excessive (and stressful) to me, I think keeping an Excel file with projects, payments and related expenses. 

* Keep Track of Your Business Expenses (Most are tax deductible). Business cards, website, office expenses, office space (even your home office), software and repairs for your computer, your computer, meals and transportation, Internet, magazine subscriptions and professional organisation membership dues. 

* Avoid Audit Triggers. Don't lie, obviously,  a small math error won't get you tackled but totally fudging numbers will. Have proof (receipts) to back everything up (as much as you can.) 

* Get help. If you're not sure (or uncomfortable like me) look for an accountant that specialises in small businesses/freelancers. It may cost a bit more, but it's worth knowing it's done and done right - plus you can write off this year's tax costs next year. 


Read the following articles for more details. 
https://www.freelancersunion.org/resources/taxes.html
http://www.learnvest.com/knowledge-center/your-taxes-if-youre-a-freelancer/
http://taxes.about.com/od/taxplanning/a/freelance.htm
http://www.freelancersunion.org/blog/2013/03/05/its-tax-time-5-tips-get-you-prepared/
http://freelancewrite.about.com/od/finances/f/taxes.htm
http://www.freelancetaxation.com/income-tracking
http://www.freelancetaxation.com/papers-needed-to-do-taxes
http://taxes.about.com/od/planforthefuture/qt/Year-End-Tax-Planning-Tips-For-Freelancers-And-Self-Employed-Persons.htm
http://www.dailyfinance.com/2013/01/31/freelancing-tax-tips-contractors-1099-form/




Interview: Freelancer turned full-timer


Intern schmintern. Working for free is great and all, but what about freelancing?

I interviewed Josh Horn, a long timer freelance art director/designer/fake mustache wearer. Read his story, get some tips and get to work. 

Q: How long have you been freelancing: 
Josh: I've freelanced on and off for the past 3 years or so. I actually "permalanced" at Ogilvy for about 2 years straight before taking a full time offer this past February (sell out).  I still freelance on the side tho. I'm always on my hustle. I'm trying get paid. Bitch. (I'm not referring to you as a bitch. I don't want to get slapped.)


Q: Why did you choose to freelance vs working full time?
Josh: The money is usually better. And it's easier to walk away if another opportunity arises. Plus, I don't feel as bad dipping my pen in the company ink. Not that I ever feel THAT bad. 

Q: How did you get your start freelancing?
Josh: Well I moved to NYC with two paisley patterned suitcases and six grand. As you know, six grand aint a lot of money in this city. But between drink specials, Trader Joe's, no health insurance, free concerts and 45 year old sugar mamas - you make it work. It's funny cause when you're in school I think a lot of people assume you graduate and there's this abundance of full-time jobs with benefits waiting to be plucked. But when it came to looking for gigs, I realized that freelance opportunities greatly outweigh full time opportunities. So I took what I could get. Did I mention it was 2008 and we were on the cusp of a recession? So yeah, there was that.  Broke during a recession, in arguably the most expensive city in the US. Good times.


Q: What are some of the perks? 
Josh: Usually the money is better and you get paid for overtime.

Q: What are some of the downfalls? 
Josh: No subsidized health insurance. And you feel more like an estranged cousin than part of the family. At one point, the Ogilvy gym was reserved for full-time employees only. So us freelancers would get dressed in 80's work out gear and go do jumping jacks and squat thrusts outside the gym windows. Oh and jazz hands. Lots of jazz hands. The gym opened up to everyone soon after. 

Q: How do you decide your rate? 
Josh: I have a rule that I always counter offer at least once. You'd actually be surprised what you get out of life if you just ask. I recently got a freelance offer, and honestly I wasn't really up for the amount of work it was going to take. So I said eff it. I took my hourly rate, which was already a little high, then added $50 bucks to it. I wasn't hurting for money so I felt I had nothing to lose. And lo and behold, they went for it. 

Q: Do you prefer hourly or daily or overall per project? what's better? how are they different? 
Josh: ALWAYS CHARGE BY THE HOUR OR DAY. NEVER BY PROJECT. A wise man told me this a long time ago and it has saved me many times. When you have an hourly or day rate, you're establishing the value of your time right off the bat. People will respect it, and they will work more efficiently because of this. This is probably going to be the best lesson I can give the young guns who might be reading this. 

Q: How do you get new clients?
Josh: I'm at the point now where people come to me. That's what's cool about this business, there's a snowball effect that occurs from doing good work. 

Q: How do you deal with non ad agency clients? 
Josh: You have to hold their hand a little more. And often they're really not sure what they want. That can get annoying. I find it's best to ask them to show you examples of work that is similar to what they're aiming for. Saves a lot of headaches. 

Q: Do you look at yourself like a business? 
Josh: I'm not a businessman. I'm a business, man. You have to or you're gonna get the shaft. That's why it can be tricky doing work for friends. I don't find that works out too well most of the time. 

Q: How do you sell yourself? 
Josh: Show a lot of leg. That, and exude confidence. Oh, and this might be a little superficial, but dress the part. I can't take design advice from someone whose wearing cargo shorts and a graphic tee. 

Q: Any advice to someone starting out wanting to freelance?
http://shouldiworkforfree.com
Josh: Don't work for free. Treat everything like a business transaction. Utilize social media to get your name out there. If you do good work, people will start coming to you. And don't take shitty projects unless you're broke. 

Q: Any tips to be a successful/ long term freelancer? 
Josh: Geezus. The questions just keep coming. What is this, some kind of interview or something? Umm... don't try to do it all yourself. I'm running at a faster pace these days because I loop in my friends to help carry the load. 

Q:What are your favourite types of freelance projects? 
Josh: Websites and any kind of film. Although I designed some watches once. That was dope. Stuff like that is cool. Keeps it interesting. 

Q: Anything else you want to add? 
Josh: If you don't have an online portfolio stop reading this now and make one. And don't try to do some fancy flash website or something. Keep it simple, keep it clean.

Now, I'ma ask you some questions. What made you want to start this blog?  
Me: I used to impale beetles on common pins when I was a child. This is my penance. Also, I had a lot of people help me when I was a clueless/hopeless student and a junior, I'm try to pay it forward.  

Do you want to lecture one day? 
Me: Definitely. I've taught at Miami Ad and given workshops and talks at other schools.  

Do you ever cut your hair? Or does it just reach the perfect-fro-circumference and stop growing? 
Me: Always about the hair, huh? I do cut it all the time actually. When it gets too long and touches my neck it freaks me out. Also I need to show it who's boss. 

Last question: Do your readers know that I was your unofficial office crush? Sorry fellas.  
Me: Nice weather we're having. Hope the rain stays away this weekend.

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