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Freelance Careers for the Financially Savvy

 

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Working from home is the ideal for many people because it allows us to have the best of both worlds. You have a source of employment that you enjoy and the income that comes along with it, and you have the freedom to work from home to your own schedule (most of the time) with no more long boring commutes to deal with – it’s pretty great. Which is why freelance careers are amazing. 

If you’re someone who has a strong head for figures, one of the best ways to earn money as a freelancer is by getting into the financial sector. You wouldn’t necessarily think that there are many finance-related jobs you can do as a freelancer, but that is rapidly changing and there are plenty of rewarding options for the financially savvy amongst you…

 

Day Trading

Day traders are people who buy stocks, hold them for a short amount of time and then trade them on again, often making multiple trades in minutes, hours and certainly days. All you need to do this job – and I use the term loosely because it is much different than most jobs – is a decent amount of capital to get you started and a detailed knowledge of the stock market. Sure, you don’t have the much in the way of job security, but you have the potential to earn hundreds, even thousands of pounds each and every day and far more flexibility than you’d get with most other jobs, even freelance ones. I won’t lie and say it’s an easy thing to do, but if you have mental and emotional stamina, serious financial savvy and a working knowledge of the markets, it can be an extremely rewarding career choice.

 

Bookkeeping and Accounting

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You’ll need to train and get qualified to do this, but thanks to the abundance of affordable and flexible online masters in finance, accounting, etc., this shouldn’t be too difficult, and if you love working with figures it will definitely be worth it. More and more small and medium-sized companies, in particular, are hiring bookkeepers and accountants on a freelance basis to keep their costs down and this means there are plenty of great opportunities out there to pick up clients and earn a regular income in the finance sector.

 

Financial Writing

If you’re as good with words as you are figures, then a career as a freelance financial writer would be the right move for you. Experienced writers in a wide range of topics are always in demand now that the internet has us all reading so much more, so it really isn’t difficult to find work writing about personal finance, investments, banking, cryptocurrency and so on. Of course, if you don’t want to rely on others to give you work, you could even set up your own financial blog and try to make a living that way – blogging really is the ultimate in career freedom in the internet age!

 

Do you work in the finance industry as a freelancer? What is it you do? Do you like prefer freelancing to a regular 9-5?

 

*Collaborative post.

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Freelance Careers for the People Person

Working freelance can be an excellent way to take the reins of your career, to be self-sustaining, and to build a business that you reap the full benefits from in time. However, a common issue faced by many working for themselves is a sense of isolation and loneliness. A lot of freelancing involves spending plenty of time without human contact, so here we’re going to look at the careers that put you in touch with others to make use of those people skills.

 

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Virtual Assistant

Though can do it from home like many other freelancing careers, the difference in being a virtual assistant is that you are always constantly helping someone else. Usually, these are business owners who will interface with you regularly to allocate work and ask for help on admin and organizational tasks. Some virtual assistant roles will require you to answer the phone and put on your best demeanor, good for those who like front-facing roles.

 

Nursing

If you already have nursing experience, then you could already be more than halfway to a fulfilling freelance career. Care homes, hospitals, and many other establishments will hire temporary nurses, giving you the opportunity to travel around the country and work with a broad spectrum of people. The more experienced you are, the more your services will be in demand, so an online family nurse practitioner track could really open up your options. If you’re in it primarily to care for patients, a lot of freelance nurse work can involve private duty care which means spending more time with individuals.

 

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Social media
Socializing isn’t all face-to-face. This is a fact of life that many businesses are becoming more aware of as they look to social media as their next great frontier. If you have a little network savvy about you, then you could learn about social media marketing and apply that growing expertise to businesses who are looking to expand online. More and more businesses are jumping online and need people who already know the formats and know what works. There’s a great sense of fulfilment to concocting a strategy and watching a community grow thanks to your efforts, as well.

 

Teaching

Do you have experience teaching or some expertise in a field of study or industry that could be helpful to those newbies looking for a little help? There are tons of opportunities for freelance tutoring not just for kids in school but for adults looking to find a way into a specific field of life. Not only can you teach in one-on-one scenarios, but you can also launch courses online thanks to a growing number of platforms allowing for new educators to get their classes established and set-up for anyone around the world to attend.

A sense of community and of connection to others can be a very important factor in what makes a career fulfilling to you. If you know that you’re a people person, make sure that you find a career for yourself that puts you in contact with others.

 

What do you think of these freelance careers? Do sound off in the comments section.

 

*Collaborative post.

 

How to Check, Chase and Choose as a Freelancer

Being a freelancer is great, but like every business it does have its challenges. One of the main challenges we face as freelancers is when clients don’t pay for our services. It can be frustrating at times when you put in so much work only to spend hours chasing a payment.

Thankfully there is a 3 step process to help with this freelancing issue – the Check, Chase and Choose. In this article I will walk you through what the 3 Cs are and how you can use them.

 

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What brought about the 3Cs?

A study was conducted on freelance web designers and it was discovered that 6 out of 10 of them had to wait for months past their invoice due date to get paid. And some didn’t get paid at all. Oftentimes such freelancers had to write-off such payments. At the end of the day, all effort put into the freelance project ends up to be a waste of time. Which amounts to a huge loss for the freelancer.

Although this study was only conducted on freelance web designers, there is a high chance that there are so many other freelancers in various industries facing the same problem. Some freelancers are forced to borrow money to be able to feed themselves and pay their bills.

The only way out of this massive issue is be extremely vigilant and proactive when the client seems to delay payment.

 

Step #1 Check

Although the case is not the same with every freelancer, one of the reasons why some freelancers are paid long after the due date on their invoices is because their clients experience a hitch with their invoices. Either the client ends up not receiving an invoice or the invoice is not produced when the project commences. Most times freelancers will interpret silence from the client’s end as “all is well” only to find out the contrary.

In such an instance, as a freelancer you must check back with the client to find out if your client received the invoice. You should also check the client is aware of the due date. The sooner you check on your client the better. Don’t let a week pass by without checking in on your client to find out if they received their invoice or if they experienced hitches. This will save you from future payment issues.

You should also ensure the invoice is produced in the right format in order to avoid payment delays.

 

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Step #2 Chase

Once you have confirmed that your client received their invoice, the next thing you need to focus on is chasing after your money. This stage is all about reminding your client of the payment date. And the options you have by right to recover your money from your client.

When you are approaching your payment date, make sure that you remind your client about the payment date. Especially if your payment date states within 30 days. Some clients may have forgotten all about you.

If your client delays payment to the last day, alert your client on the actions you can take against him or her for your payment.

 

Step #3 Choose

If after all the notices and warnings your client has still not paid, the next step to take is to choose any of the options available to you to recover the money your client owes you. The most common action is to sue your client for the payment of your fees.

This is why it is extremely important to have a freelance contract with your client. In the contract your rights and duties as well as the rights and duties of your client are clearly written. It makes it so much easier to take action for the recovery of your fees when you have a legal contract backing you up.

 

Personally, I hardly ever agree to wait 30 days for an invoice to be paid. I feel it is too long and all kinds of things may have happened within those 30 days. I am more comfortable with a 0 – 7 working days payment date. And I get that 96% of the time.

 

How do you deal with unpaid invoices? Please share your tried and tested tips.

 

 

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