How to Move From Full-Time to Freelance: Ultimate Guide

from-full-time-to-freelance
from-full-time-to-freelance

I know you’ve been seeing the pictures of that your dream social media freelancer who quit a full-time job to earn six figures for a job, travels the world, and works from a beach, right? Trust me, I also want to be like that.

But, before you call your boss to put in your two weeks notice, it is important to realize that freelance is not a quick money scheme, it actually is a process.

That process is what this post will dissect. We will discuss the process to move from a full-time job to freelance and the necessary measures needed before this transition will be successful.

According to the muse, 53 million people were working independently, making up 40% of the workforce in 2019. Now, with the covid 19 Pandemic that caused layoffs, this number is rather on the increase.

Join the freelance workforce and ditch that 9-5 full-time with the right information!

What Exactly is Freelance?

Freelancing is when you use your skills, education, and experience to work with different clients without committing to a single employer.

It usually involves jobs called gigs that allow you to work-from-home. However, don’t associate freelancing with working from home. You basically work from your convenience.

A platform that offers freelance opportunities is WritersGig.

See this exclusive article on How to Register as a Buyer or Writer on WritersGig

What are the Preparations needed for the Transition from Full-time to Freelance?

The idea of working from home in your legging, taking yoga classes in the middle of the day, and going out for lunch with your laptop is an exciting one.

Yes, I can understand that freedom, I crave it too. But, if you do not prepare for the transition from full-time employment to a freelance job, you’ll be disappointed to think that your favorite social media influencer who tours the world is living a fake life.

Pay keen attention here.

a. Prepare to be broke

We mean this, prepare to be broke!

You’re about leaving your steady source of income and all odds are that you’ll feel broke. Be prepared mentally for this.

However, before you quit full-time to embrace freelance, ensure to save up money in the bank no matter how many Instagram and Youtube followers you’ve gotten or clients who have promised referrals.

The minimum amount to save for yourself before leaving your full-time job for freelance is four to six months salary with the idea of $0 income. If you’re not there yet, you’re going to cut back on numerous expenses.

We’re talking months of coffee at home, no shopping, hangouts, etc.

b. Don’t Cut Old Associates

Don’t cut communication with your old colleagues. Ask if you can still work with them but under a freelance schedule.

If it takes convincing your boss why you’re an asset to the company and how freelancing will aid acheiving organizations goal, by all means go for it.

c. Expenses

This is another important practice to imbibe before quitting your full-time job for freelance. Cut down on personal expenses for business expenses.

Remember that self-employed folks incur higher expenses, so you have to keep that in mind when you’re making the leap.

You need to cover your operating expenses like internet, software, electricity, coffee, etc. Luckily some of these expenses can be written off in your taxes, but you still have to pay for it up front. 

You also need to set up an office space. A comfortable chair, working tables, well-set up background (depending on the kind of freelance service you’re set to render), laptop, etc.

d. Set a Minimum Income

We don’t expect you to earn in the beginning, but setting a minimum viable income will keep you on your toes to achieve that. This can be the minimum you need each month to cover your expenses.

We can suggest to calculate all expenses for the month and add a lil’ something to make up your minimum income.

Having an income goal spurs you to action even on days you’re just motivated to take a break.

Read: Preparing For Your First Interview As A Freelance Writer

How to move from Full-Time to Freelance: Ultimate Guide

After the preparations have been done, it is time to actually take that leap of faith.

#1 Ask Questions

Everyone has different reasons for freelancing, what’s yours? Make sure you know what you’re hoping to get out of freelancing before you put in all the hard work to make it happen.

Therefore, ask yourself questions like:

  • What are my reasons for wanting to freelance?
  • What kind of work do I want to be doing?
  • Do you want to be able to work from home or are you happy to commute and travel to clients’ offices?
  • What kind of hours do you want to be working?
  • What kind of income are you looking for?

From your answers, define the success of your freelancing career. It will help decide the right decisions in choosing the right clients.

Before moving from full-time to freelance, you need to have a concrete answer to these questions.

#2 Specify your Services

I hope you’re aware that freelancing is a business?

In specifiying the services you’ll render clients, answer the following questions:

  • What are your passion and skills?
  • Who is your target market?
  • What problem are you solving?
  • Who are the ideal clients who suffer from that problem or have that need and are willing to pay for a solution?
  • How will you package up your solution in the form of different services?
  • Who are your competitors and how will you distinguish yourself from them?

Freelance gives you the opportunity to be focused and become the go-to person for a specific solution.

#3  Figure Out Your Uniqueness

Your uniqueness is the only factor that will make you worth hiring. There are so many competitors out there.

The  goal is to make a living doing whatever makes you happiest. Now, identify what makes you the best choice.

Consider these areas and no, it doesn’t have to be your experience level.

  • Pricing: Whether you offer the best value at your experience level or you’re pricing yourself for top-tier clients, sell it as a benefit.
  • Reputation and Personality: Most clients would rather work with someone who’s likable than someone who has more experience but is a pain to work with.
  • Partnerships: If you’re a writer and work with graphic designers, animators, developers, make it known.
  • Exclusivity: Focusing on a specific niche or work with a limited number of clients per time.
  • Quality and experience level: If you’re the best, prove it. Collect case studies, awards, testimonials, and results.

#4 Build Online Presence

Trust is everything! Therefore, in whatever service you’re offering, let it reflect in your online personality. It will help you stand out.

Create your online presence in a way that people perceive you as a professional asset. Put up your logo, website, and credibility online.

In addition, write a charming professional bio, tagline. Use a professional name as well, because your clients may check it out online before hiring you.

#5 Find your first Client

With the internet, new freelancers can find clients. Spread the word to your friends and family.

Check websites like WritersGig, upon successful signup and assessment, you’ll be given the first job. After this, you can start bidding for jobs posted by clients.

Read: 7 Ways Hiring a Freelance Writer Can Save Your Business Money

Additional Tips to Move from Full-time to Freelance

These tips will come in handy if you are new to freelance and teh bills are fast piling up. Then, consider the following options below.

1. Go to Part-time

If your earning from freelance isn’t covering the basic expenses, consider working part-time. Your former boss may be the best to negotiate with. Work for reduced hours.

This is how many of my freelance colleagues transitioned.

Work for 3 hours per week so you can have more time to build the freelance business and get clients.

This should be a less intensive job that doesn’t drain your energy and creativity.

2. Become a Consultant for Your Company

Instead of burning the bridge on your full-time job, you can turn them into a client by becoming a freelance consultant.

With this, you’ll have more freedom and control of your time and business.

It is a win-win for the management and you because you ain’t ourightly quitting but offering your expertise on a negotiated platform.

Conclusion

In the last century, freelancing was considered the job of the unfortunate. Those who indulged took it as a side job while maintaining their full-time jobs.

As they say, tides have changed and people are successfully transitioning from full-time to freelance. They have found a way to turn their passions into a long lucrative career.

Join this thread of people and get the freedom you desire by moving from full-time to a freelance job through WritersGig.

Read this article: Understanding your Dashboard on WritersGig

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