Here Are a Few Ways to Make Good Money As a FreelancerOne should filter out the intersection of their passion and sellable skills and then work around them to build an offering

ByKinzal Jalan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock.com

The world we live in today, powered by the Internet and large-scale globalization, brings with it a plethora of opportunities for anyone who has value to offer. Gone are the days where freelance work was looked at as a source of paltry money. There are so many individuals (both young and experienced) I know, crafting out lucrative careers and securing comfortable living standards piggybacking on the rising trend of freelance opportunities available globally.

Shreya Dutta, Founder ofStarWords India, a platform dedicated to providing freelance content services, from her experience testifies, "Freelancing makes it possible to earn more than a full-time role along with the luxury of working at home with complete flexibility. The only prerequisite being, the person is dedicated, skilled and can build a trustworthy relationship."

And it's true. There are tons of portals offering a multitude of opportunities across skill sets in the freelance model. There is complete freedom, flexibility and quality work opportunity. There is absolutely no shortage of work that's available. In fact, freelancing opens doors to the huge global job marketplace. However, not everyone is able to tap into this rising trend. So the question is how to make money as a stay at home freelancer?

To put it simply, in order to build a sustainable career as a freelancer, there are two aspects to focus on. The first part is, mindfully selecting your genre and building the supporting trail to sell value. The second part being developing the intrinsic attitude or core to ensure consistency and persist in the dynamic marketplace.

Here's what Entrepreneur India found out of the discussions with two individuals closely connected with freelancing. One who has extensively worked in the capacity of a freelancer, and the other who hires freelancers on a good scale.

MeetDeep, Marketing Director atGrowzila. Deep is a 21-year-old growth hacker who's already worked with over 30 start-ups including an INC 500 company as a consultant. Here's advice coming from his enriched experience as a freelancer:

Pick the Right Niche

The freelance domain has a multitude of opportunities. If you are skilled in something, more often than not, there does exist some mechanism to monetize it.

It's important to correctly choose your niche instead of just thinking freelance work as the low paid data entry freelance jobs flooding the marketplace.

Kakkad suggests that one should filter out the intersection of their passion and sellable skills and then work around them to build an offering."

He says, " If you're good with logic and are skilled in coding, you could consider being a freelance programmer. If you have a way with your words, you could try copywriting services. The possibilities are endless, and if you're good at something, you will mostly be able to earn out of it."

Build Your Own Funnel

大多数自由职业者仅仅依靠门户网站上e likes of Upwork, Fiverr and so on to generate leads. While that is a technique that does work, building your own network can help you harness much more. Once you have figured out your expertise, it's a good idea to build a funnel that helps you capture leads, regularly nurture and convert them with the least amount of friction. For instance - You could build your website/blog with a free e-book giveaway against an email address to help potential clients solve a problem.

Once you have them in your funnel, you can add value by emailing more useful content, providing a free consultation that actually ends up in paid consultation or paid services.

Deep says, "With your own funnel, you can customize better, set your own price, eliminate the need to pay more commission. It also allows you to present yourself and your service in a more refined way."

Not only does this give you a stream of clients, it also helps you establish a robust brand for yourself.

Position Your Self As an Expert

It's possible to earn more from the same hours you put in by establishing yourself as an authority in your niche. It's not freelancing that pays you the premium, but being a specialist.

Engaging in activities that demonstrate expertise, thought leadership and authority helps to project your self as a specialist and command a higher fee.

"You can step up your game with something as simple as writing an e-book helpful for your customer. You could do public speaking gigs. There's nothing that would present you as an authority than speaking at events that your potential customers attend. The secret is to give away a lot of value and expertise you can charge for. The ones who were going to ask for your services will still do so even after reading your book/attending your talk. People generally don't have a lot of disposable time, they just want someone credible to handle their work", testifies Deep.

Deep's suggestions are actionable to in order to pick up a segment and start finding jobs in the freelance space.

印度跟第二个人企业家狗万官方Aditi Chaurasia. She is the inspiring co-founder & CEO ofEngineer Babu, an award-winning, VC funded startup for providing IT solutions to the startup community. Engineer Babu in its operational framework gets a sizeable part of work carried out on the freelance model.

Here's what Aditi recommends to those seeking to earn through freelancing -

1. One must inculcate an attitude of discipline for the time devoted to work at home. That is the foremost prerequisite to work well on a freelance model.

2. It is essential to develop accountability in terms of submission deadlines. The key to getting more work is to deliver assigned work correctly and as per schedule.

3.因为自由职业者在一个灵活的模式of work, the individual should devote his/her extra time to up skill and explore additional learning possibilities.

4. One should put in consistent effort to stay updated and connected within the industry. Companies prefer to engage and hire individuals who are equipped to deal with the latest technology.

Wavy Line
Kinzal Jalan

Freelancer, Entrepreneur India

Related Topics

Entrepreneurs

Shashank Kumar: The Agri Revolutionary

Contrary to popular belief, coming from small town has proved to be advantageous for Shashank Kumar, Co-founder & CEO, DeHaat, a technology-based business to farmers (B2F) agritech platform. However, he feels challenges to grow the business has changed over the years.

leadership

The Tractor Tycoon

In accordance with Make in India, International Tractors Ltd manufacturing facility, rolls out 1,000-plus tractor variants

Innovation

6 Ways Small Business Owners Can Get Their Employees to Use AI

Smaller-scale enterprises will always struggle to gain a strategic edge against resource-rich conglomerates, but AI offers a new landscape, and there are proven ways to fuel employees' ability to embrace and maximize it.

Business News

These Are the Best and Worst Countries for a Expats Who Want a Fulfilling Life Abroad, According to a New Report

With digital nomad visas, moving (and working) abroad is easier than ever.

Green Entrepreneur

How to Choose Carbon Credits That Actually Cut Emissions

Carbon credits are an important way to reduce your carbon footprint, but they can be confusing. Here's what you need to know.

Operations & Logistics

learning to Let Go of Control and Delegate Can Be Hard. Here Are 3 Components to Make It Easier.

Internal controls (or procedures) are crucial checks and balances that safeguard against potential risks and ensure everything continues to align with the company's strategic focus. Here's how to set them up — and in turn, set up your company for success.