5 Steps to Earning a Side Income Freelancing (2024)

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This week I have an awesome guest post from Araminta who blogs over at Financially Mint, where she teaches students how to make, save and manage money. Araminta has been working online for years and she knows her stuff! So enjoy the post, then head on over to her blog for more finance tips.

I started freelancing at the young age of 16. I was desperate to earn money and there were 0 jobs in the tiny village I lived in near Barcelona, Spain.

Now I freelance part-time along with blogging – and if you’re interested, you can too. There is a difference to freelancing full-time and just as a side-income. Here I’ll be outlining it as a side-income.

The first thing I need to say about freelancing is: it requires a lot of hustle. You’ll earn next to nothing in the first month, a little bit more in the second one, and it won’t be until 6 months later of hard work that you’ll see good results. Bloggers out there, you understand very well.

But freelancing is still great: you get to be flexible, you get to manage your own clients and you get learn some skills (writing, editing, design, programming, etc).

Here are some snazzy steps to get the freelance ball rolling:

1. Determine what you’re good at

First of all, you need to figure out what you could offer to clients. Have you always had a knack for writing? For designing? Even coaching? Pop onto Fiverr.com and see what other people have to offer. Some people do crazy stuff (yes, writing funny messages on your belly is totally freelancing), and many make serious money out of it.

Some classic freelancing could be: ghost writing, pic designing, research, digital marketing, virtual assistant, teaching, etc. At 16 I started with ghost writing and article research. I was underpaid to write episodes of a Minecraft story. It wasn’t much, but I loved it – I was finally making some money.

If you have no idea what you could do, just try a bit of everything and see what you like best. But after that it’s good to focus on one freelance activity and get really good at it – you’ll have a lot of competition out there.

5 Steps to Earning a Side Income Freelancing (1)

2. Plan a portfolio

If you wanted to become a full-time freelancer I would suggest creating a website with all your cool projects and a nice sleek design. But as a side-income, I believe that isn’t necessary.

So how do you plan your portfolio? You start with finding the different things you could use as proof when pitching a client. It could be a random project you did years ago, or an interesting article you wrote – anything that shows you did something.

If you have nothing, no worries – with enough hustle you will always get clients. You’ll be using this portfolio to show potential future clients what you’re capable of and what your experience is – try to find some of your best stuff.

3. Start simple

The first clients are the hardest: you’re not sure what to do, how to set it up and how to talk to them. I suggest starting with Upwork. They have contracts in place and it’s pretty easy to find people to work for. Yes, they will underpay you and it won’t be the most interesting work, but it’s a good way to get a feel of what freelancing is all about.

Pop on to Upwork, set up a profile (make sure it looks professional) and look for some quick and cheap projects people are willing to pay someone for. This will allow you to build up a portfolio pretty quickly and it’ll therefore be easier to get more clients in the future.

This is what I mean when I say you won’t earn anything the first month of freelancing: you need to build up your portfolio and work with clients. But don’t fret, it gets easier to build up.

4. Work on connections

A network is the key to getting clients when freelancing. Word of mouth is your friend. As you get more clients on Upwork, you’ll slowly start forming connections (if you do a good job of course) and those same people will refer you to more clients. And just like magic, your client base doubles and you can decide to charge them more.

For this reason, it’s important to keep the testimonials every time you do a good job – it’s always more good proof.

Once you move away from Upwork and have your own client base, you’ll be able to charge more normal and higher rates. And that’s when you start making good money out of it. I suggest making a contract every time you do work for a client (outside Upwork), outlining what you’re doing, how much you’re charging and when they need to pay.

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5. Build yourself up

Once you feel you’ve got a good hold of the whole process and you want to go to the next level, create your own website. You can do something free like a page on WordPress/Blogger/Weebly, or go pro and buy a domain name.

On this website you will have all your projects, starting from the beginnings with Upwork, and all the amazing testimonials and the cool clients you’ve worked for. At this point in time, you will be getting more and more client requests – so you need to set a limit of hours to work during the day and be disciplined, or you’ll burn yourself out.

Freelancing is true independence, since you are setting your own hours and your own rates. If something goes well, all credit goes to you, but if something goes wrong, it also all falls on to you. This is why freelancing is not for everyone – but I still find that even as a side-income it can teach you a lot about people, yourself, and your work ethic in general.

How do I do it now? Now that I have my own personal blog, I use that as my portfolio. Most freelance work I do is for other bloggers or people in the network, so a blog is enough to see that I can do what they want me to. If you’re a blogger, you can try that too!

As I said before, freelancing takes hustle, patience and can be frustrating. But it’s something that’s scalable and enjoyable if there’s something you’re good at and like doing (freelance painting dogs – it exists). Good luck on your freelance journey!

Related post: 20+ Best Websites To Find Freelance Writing Jobs Online

About the author

5 Steps to Earning a Side Income Freelancing (3)Araminta is creator of Financially Mint, a personal finance blog for university students written by an actual student. She interviews experts, does weird experiments and a ton of research to help her and others graduate financially intelligent.

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5 Steps to Earning a Side Income Freelancing (4)

5 Steps to Earning a Side Income Freelancing (2024)

FAQs

How can I make enough money freelancing? ›

  1. Choose a Niche. ...
  2. Get Clear on Your Service Offerings. ...
  3. Define What Your Ideal Client Looks Like. ...
  4. Create a High Quality Portfolio Site. ...
  5. Start Freelancing Before Your Quit Your Day Job. ...
  6. Level Up Your Skills. ...
  7. Build Your Credibility. ...
  8. Determine Your Pricing.

How to do freelancing and earn money? ›

To successfully earn money as a freelancer and turn it into a career, you need to become familiar with the basics of operating a business, like taxes, bookkeeping, marketing, etc. In many cases, these business basics will take more time than the actual freelance service or product you offer!

How do I become a freelancer on the side? ›

How to Start Freelancing (Even When Working Full-Time)
  1. Define your business goals.
  2. Find a perspective niche (and stick to it)
  3. Identify target clients.
  4. Set your freelance rates.
  5. Create a website (and portfolio)
  6. Find your first client.
  7. Expand your network.
  8. Balance your full-time job with your part-time freelancing side gigs.

How to make consistent income as a freelancer? ›

Secret Ways to Earn Daily as a Freelancer: A Step-by-Step Guide
  1. Identify Your Niche and Skills. ...
  2. Build an Impressive Portfolio. ...
  3. Set Competitive Rates. ...
  4. Create a Professional Online Presence. ...
  5. Network and Market Yourself. ...
  6. Consistent Client Outreach. ...
  7. Maintain High-Quality Work. ...
  8. Diversify Your Income Streams.
Nov 3, 2023

How to do freelancing for beginners? ›

How To Become a Freelancer in 2024: The Complete Guide
  1. Define your service and offering.
  2. Find your target audience.
  3. Develop a pricing structure.
  4. Build an amazing portfolio.
  5. Write a great proposal.
  6. Create a relationship with your client.
  7. Continue developing your skills.
  8. Network with other freelancers.

What freelancing makes the most money? ›

16 of the highest-paying freelance jobs
  1. Technical writer. ...
  2. Accountant. ...
  3. Executive assistant. ...
  4. Public relations specialist. ...
  5. Editor. ...
  6. Web designer. ...
  7. Content writer. ...
  8. Human resources adviser.
Apr 18, 2024

Is freelancing still profitable? ›

Yes, but you basically work 4-5 jobs at once. You are in charge of marketing for yourself, doing sale calls for yourself, working on client communication by yourself, all that before the actual doing the work. This is so true.

How can I become a freelancer in 30 days? ›

Here are some tips on how to become a successful freelancer in 30 days:
  1. Define your niche and target market. The first step is to define your niche or area of expertise. ...
  2. Build your personal brand. ...
  3. Find clients. ...
  4. Manage your time and finances. ...
  5. Improve your skills.
Sep 21, 2023

What is a side hustle freelancer? ›

Side Hustle Meaning

A side hustle is a flexible job that you work at “to the side” of your primary job. It's a way to bring in extra cash, flex creative muscles, and more. If you work a 9-5, a side hustle could be driving for Lyft, running an Etsy shop, or freelancing on Fiverr.

Is Freelancing a side hustle? ›

Freelancing and side hustles are two prominent aspects of the gig economy. Freelancing involves working on a project or contract basis for multiple clients or companies, while a side hustle refers to a secondary job or income stream that individuals pursue alongside their primary employment.

Why Freelancing is the best side hustle? ›

Pros of Freelancing. Freelance jobs offer independence that many career professionals long for. Not only would you be free of traditional offices and schedules, but you also can work alone, and for the most part, where you are most comfortable doing so.

Which skill is in demand in freelancing? ›

18 Most In-Demand Freelance Skills in 2024
  • 1) Data Science.
  • 2) Data Analytics.
  • 3) Cyber Security.
  • 4) Search Engine Optimization (SEO)
  • 5) Online Tutoring.
  • 6) Social Media Marketing.
  • 7) Graphic Designing.
  • 8) Application Development.

Can freelancers become millionaires? ›

Anthony Agreste, owner and creative director at Mediaperk, has made over $1 million on Upwork through his creative and design work. He began freelancing right out of college to earn side money and has been using Upwork to find freelance work for the past 14 years.

How much money does the average freelancer make? ›

The average freelancer salary in the USA is $48,890 per year or $23.50 per hour. Entry level positions start at $47,714 per year while most experienced workers make up to $68,250 per year.

What is the best freelance job for beginners? ›

Freelance Jobs for Beginners
  1. Freelance Writer. With the expansion of the World Wide Web, opportunities for freelance writers have also grown exponentially. ...
  2. Blogger. ...
  3. Editor/Proofreader. ...
  4. Transcriptionist. ...
  5. Online Teacher. ...
  6. Graphic Designer. ...
  7. Virtual Assistant (VA) ...
  8. Photographer.
Dec 16, 2023

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