How to Start Freelancing With These 9 Easy Steps

Ready to join the ranks of the gig economy and start your own freelance business? Being your own boss has a lot of advantages, but there are some pitfalls. From concerns about cash management to worries about being personally liable, a freelancing business is a bit more complicated than grabbing a listing off a job board.

Whether you’re looking to start a freelancing career or you want to create your own business as a side hustle, here’s a step-by-step guide to freelancing for beginners.

What Is a Freelance Business?

One way freelance businesses are a bit different from a traditional business entity is that you’re usually selling services and not physical products. Most start their freelance journey as independent contractors hired for a specific project or paid an hourly rate.

According to the Gig Economy Data Hubnearly a quarter of all global workers and as much as 11% of the American workforce do some freelancing either as their full-time job or as a side hustle.

Many freelancers may have one or two long-term clients that provide the equivalent of a full-time job, while other freelancers pick up a patchwork of short-term gigs. Some common freelance jobs include being a web designer or freelance writer or illustrator. Unlike other professionals or full-time workers, a full-time freelancer scouts out their own potential clients and usually works remotely.

Looking to start working as a freelance writer? Here are 19 sites that pay contributors.

What Are the Advantages of Starting a Freelance Business?

Before you run out to start a freelance business, it’s worth considering some of the pros and cons.


Pros

  • Set your own hours
  • Work from home or remotely
  • Determine your own rates
  • Choose your own clients


Cons

  • Paying taxes quarterly
  • Higher tax rate
  • Finding…



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