Welcome to some more exclusively free training material on how you can start freelancing right now!
Thanks for tuning into our mini-course! This is part two. Part one is available here at Studenomics.
Let’s start off with something really important.
How to get that huge project done.
I didn’t really learn how to get huge projects done from school because that formula never really worked. I just waited until the last minute to get it done and then somehow I worked through the night until everything was done. I would show up to school on no sleep, ready to die, barely being able to hand it my work (this is during the dark ages where we still physically handed work in).
I figured out how to get big projects done by being forced to get jobs done for clients. We all need a deadline to get things done.
Here’s the best formula and the only one you will ever need to read to get huge projects done for the rest of your life:
Set a due date.
When is this project due? If there’s no due date you have to create one. Without a deadline, you just, well, waste time!
Set a firm due date. This will also control the pace of everything.
Use stickies to jot every idea down. Even the embarrassing ones.
Every single idea deserves to be jotted down at this point. So read lots of books, watch tv, talk to friends, get wasted, and do whatever you need to for the ideas to flow.
Re-arrange, sketch, and totally let loose.
Try to organize ideas. Try to put them together to make some sort of sense.
Time to finally get some work done. Work on putting this huge project together with the due date in mind.
Grab a cup or 12 of coffee and start working away.
Boom! It’s time to release. You have to let go. Things are never going to be 100% perfect.
You can’t live life in draft mode. Just throw that idea out there, send the report over, and forget about what you can’t control.
What are you going to release to the world?
Next we look at taking the big leap…
Time to ditch the real job forever and freelance full-time baby!
Do any of the following sound familiar?
- You want to go full-time with your freelancing but you just don’t have it all figured out at this point.
- You know that you want to do your new work all of the time.
- You can see yourself being a field expert.
- You want to go all the way.
- You just know that right now is the best time.
Should you give up? Should you keep on waiting? What should you do?
I believe in not giving up until you’ve reached your full potential. Most of us stop right when we were very close to getting there.
These are my five top tips for what you should do before you dive all in with freelancing or anything else for that matter:
Save a ton of money.
Money in the bank is key when starting any sort of a business. You need to be able to cover your expenses. You don’t want to go homeless if you have a lean month.
How much you save is up to you. The more the better.
Increase your rate and what you charge.
When the time is right you need to increase your rate so that you can make more money and be more selective with your clients.
You can’t go full-time if you never increase your rate to increase your income.
You don’t want to be at the same level forever. That’s just boring.
How can you increase your rate? You kindly tell the client that you would like to continue the relationship but that you need to increase your pay for it to be worth your time.
You need to be ready to show results, back your work up, and believe in yourself. If you don’t believe that you’re worth the new rate then you won’t get it. You have to remember to focus on the client and their needs. They just want high value at the end of the day. You better be able to prove yourself.
If your current level of work won’t sustain a raise, then you ned to test out business ideas until you find something that works.
Track wtf you’re doing.
You need to see what’s working and what’s wasting your time. A simple analysis of an average day can help you figure out where your time is going.
You’re likely going to find that the clients that pay you the least, cost you the most amount of stress. As you start tracking your progress you might have to let go off a few clients, search for new clients, and work on ways to reduce your expenses.
Broaden your offering.
I hinted at this point earlier. After a while you’ll notice that you just need to offer high level work because there are different types of entrepreneurship. There’s only so much income that you can generate from lower level work.
The beauty of going after higher value work is that you can charge more and be more in demand. You’ll never get to be full-time if you position yourself at the same level.
Outsource what you can.
If you want to increase your speed of growth, you’re going to have to spend some money.
You can outsource time consuming tasks to free up more time in your schedule. You can outsource what you’re not good at (blog design work) and focus on what you’re going at (helping others). This way you’ll likely reach your goal of being full-time much quicker than performing every single mundane task on your own.
That’s how you can pick up the pace and plan towards going full-time with your freelancing.
I had a bad month. This might not be working out!
“Take your life in your own hands, and what happens? A terrible thing: you have no one to blame.” – Erica Jong
Wait, so what’s going to happen when things get slow?
When you work on your own something strange happens. You can longer phone it in or take it easy. Nobody will pick up the slack for you. Everything is on you. You’re responsible for everything. So yeah, that’s a lot of responsibility.
The obvious benefit is that the money all goes to you and you get to work on your own schedule. The problem is that things won’t always work out for you.
What should you do if things are not working out? What do you do if you fail with one freelancing idea? What if you can’t make any money at all with your idea?
“Successful people learn from failure, but the lesson they learn is a different one. They don’t learn that they shouldn’t have tried in the first place, and they don’t learn that they are always right and the world is wrong and they don’t learn that they are losers. They learn that the tactics they used didn’t work or that the person they used them on didn’t respond.” – Seth Godin
You just try something new or offer your product to a new group of people.
For example, I met a personal trainer who told me that he completely fell flat on his face for the first year in business. Why did he fail so badly? He was targeting the wrong target market. He was going after 20-somethings that wanted to get in shape. The only problem was that people in their 20s aren’t so good at listening or taking advice from someone their own age.
He decided to switch his product offering and his target market. You need to make changes until you find that sweet spot.
Instead of targeting 20-something dudes looking to get buff for spring break, he went after busy moms. A lady from 30-45 with two kids and a family has a tough time squeezing fitness into her schedule. The busy mom is also ready to listen to the personal trainer and not question his techniques.
My friend ended up making much more money in this field. He has no gone into doing group sessions where he has 10-15 students. The sessions are cheaper in price per person and he uses them to attract more clients for his private sessions.
That’s all there is to it. If you’re on the Titanic you need to jump off!
If you’re failing you just need to switch your offering or the people that you’re offering it to.
“Business opportunities are like buses; there’s always another one coming.” – Richard Branson
What do I do about that sleep thing?
I love to sleep in. I also have sadly had months where I went with next to little sleep. What gives? What’s the deal with sleep?
“Scientists know embarrassingly little about why we spend roughly one-third of our lives asleep.” — Tim Ferriss
What are you going to accomplish by laying down unconsciously for that long?
I often joke around with friends about sleeping too much.
I say that you can sleep when you die. Why bother with being unconscious for so long right now?
Of course I can be a hypocrite often because I can be pretty amazing at sleeping in or missing important deadlines because I was out cold.
If you don’t have difficult sleeping then I’m jealous of you. I’ve always had problems with falling asleep.
I usually just can’t fall asleep. The more that I have to do in the morning, the less likely I am to fall asleep quickly. Then when I do fall asleep I can’t wake up sometimes. I sleep through alarm clocks, hurricanes, and angry girlfriends trying to wake me up.
What’s the big deal about sleep as someone hustling to reach their goals?
You’re now going to be making more money and doing more work.
This will either cut into your time spent on Facebook reading useless feeds or it’ll affect your sleep.
Likely your sleep will be hit.
Do you need to sleep 8 hours per night in your 20s to be awake?
This is a tough one to answer.
Less sleep = more work done.
Less sleep = cranky, tired, exhausted, and sometimes useless.
I don’t see anything wrong with sleeping in on occasion.
I just don’t see the point in sleeping more than 8 hours per night every single night.
If you want to make more money and reach your goals faster, you need to hustle. You really need to get used to sleeping a bit less than some of your friends.
I don’t want you to be sleep deprived. I don’t want you to walk around like a zombie at work because you were up all night finishing up a freelance project.
More money is never worth a negative toll on your health/life.
Sleep really ties into your productivity with freelancing because you need to be creative and enthusiastic as a freelancer. No client will want to deal with some mindless drone.
There’s one secret to sleeping less once in a while:
Being productive in your 20s also depends on your diet, fitness schedule, stress, and body.
Just because we’re told that 8 hours of sleep is what we should be getting, it doesn’t mean that we have to. With a solid diet, plenty of water, you can survive off less sleep. What I’m getting at is that you can cut out an hour from your sleep schedule and replace it with an improved diet.
The obvious issue with sleep is that it’s a time killer.
Some of us spend way too much time on Facebook sharing links about nothing. Some of us will watch Saved By The Bell reruns. Sleeping too much is just another bad habit that we use to avoid doing the important work out there.
How often do you sleep in just because you don’t have anything to do? Be honest. I want you to do work that excites you and gets you to wake up in the morning.
Is four hours of sleep enough?
Sleeping four hours per night is ideal for productivity. Well, for a few nights. Until your crash!
You’re eventually going to be too exhausted to do anything productive.
It’s tough to do amazing work when fatigued. We all know that fatigue makes cowards of us all. Another cup of coffee or red bull won’t help either. You might get more jittery.
Your mind or body will tell you when you need rest.
Go with this.
I’ve been guilty of drinking way too much coffee at times. The problem is that it leads to a caffeine crash and eventual burnout. It’s not worth it. You’re not more productive when you’re dead tired because all you want to do is sleep, yet you force yourself to “work.” How high do you think the quality of work at this stage is?
The long story short here is:
Sleeping less might be ideal for productivity, but it’s near impossible to get any work done while totally exhausted mentally.
Can sleeping in always have a negative impact on your grind?
I personally think that sleeping too much can be a problem. I think your quality of sleep is much more important than how long you actually sleep.
You need to rest. However, you need to work hard to really enjoy that rest. Don’t just lay in bed because you’re bored.
“What man actually needs is not a tensionless state but rather the striving and struggling for a worthwhile goal, a freely chosen task.” — Viktor E. Frankl
We covered everything from getting paid to sleeping as a freelance. Look’s like we’re done here. You’re ready to get going and be a superstar freelancer.
You can grab your very own copy of this book on Amazon or online in PDF format.
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