How to Make the Full-Time Freelance Leap
Are you ready to transform your side hustle and make the full-time freelance leap? This big step can be life-changing. No more boring 9-5. You get to do what you want to do when you want to do it. But making the jump from part-time to full-time can feel super risky.
To make the leap to a full-time freelance career seamless and safe, follow these steps. You’ll be able to move forward with the confidence that your business is ready to support you.
Seal the Deal with Contracts
One of the scariest things about going full-time freelance is the lack of stability, but that doesn’t have to be the case. If you sign on your clients with a contract, you’ll know that you have an income you can count on.
Make it part of your business practice to get contracts from your clients with a service like SignNow. You’ll ensure that you receive payment for your work and know how long you can count on getting regular income from a client.
If stability is really important to you, think about how you can offer recurring monthly services. Signing clients on for 3-6 months of work rather than just one project can make a big difference.
Build a Safety Net
Hopefully, you are already working with some clients on the side. This client base will really help as you start out freelance full-time. The next step is to fill the rest of your time with clients who will take your income up to where you need it to be. While you’re focusing on signing those additional clients, it’s nice to have a safety net.
Before you leave your job, try to save money so you can support yourself until your business is up and running at the capacity you need.
Do the math! How many more clients do you need in order to make enough to support yourself? How much can you save in advance to pay the bills in the meantime? Now is the time to be frugal and use those savvy ways to boost your income while you work up your business.
Set Up Marketing Strategies
Your main goal is likely going to be getting more clients. How will you do that? Smart marketing strategies. Before you jump into the unknown, it can be helpful to have marketing strategies in place that you know are going to work.
How did you get your first clients? Can you replicate those marketing strategies? Consider ways to get referrals and get your name out there in front of possible clients.
This can be one of the toughest parts of making the full-time freelance leap. Shut down impostor syndrome and try different tactics until you find what works for you.
The key is to find where your ideal clients are and how you can best speak to them. One way to figure this out is to interview or survey potential clients. They can tell you exactly where they’d go to look for someone who does what you do and what would get them to sign on with you.
Imagine Your Day
When you’re suddenly starting your work day from the comfort of your own home or coffee shop instead of the corporate office, it can be difficult to stay on track.
To make sure you’re as productive and profitable as possible, plan out your days in advance.
How many client projects will you take on each day? When will you start work? When will you sign off? Establishing these boundaries will help you as you gain new clients.
As you’re planning out your days and weeks, it’s helpful to know how many projects you need to take on in order to support yourself and reach your income goals. Do the math here too and you’ll know if you’re on track to meet your goals or if you need to hustle some more.
Join a Community
As you make this big change and dive into a whole new world of business, you’re probably going to have some questions. Joining a community of freelancers and business owners like you can help ease your fears.
Search Facebook groups, fellow Instagrammers, and local groups for people who are in a similar place as you. Join a few and then find your favorite.
Once you’ve found a community you love, make sure to add your input. Answer people’s surveys. Give your advice. Try to put in as much as you get out of a group and you’ll find yourself with business savvy friends for life.