Benefits of freelancing over a nine-to-five job include autonomy, flexibility, and the ability to grow your business to great heights with the right dedication and expertise. However, becoming a successful freelancer doesn’t happen by chance. You need good freelance jobs, which depending on your niche can be difficult to find.
Having a portfolio of good freelance jobs rather than bad ones is the difference between freelancing being a ticket to financial freedom as opposed to an exercise in frustration.
It’s a good idea for any freelancer to know what makes a good freelance job, as well as how to structure your freelance contracts in a way that protects your business.
Reliable Income and Prompt Payment
Good freelance jobs provide reliable work for reliable pay. For example, imagine that your goal as a freelancer is to gross $10,000 per month. This goal is much easier and less stressful to achieve with four reliable clients that each pay $2,500 per month, rather than a hodgepodge of smaller, less consistent jobs paying $500 each.
Additionally, the best clients offer a short turnaround between when the work is complete and when they pay you. Ideally, your clients pay online to make things easier and faster. A good online invoicing system allows for easy payments from clients, and less potential for confusion or misunderstandings.
Consistent, Regular Work
An ideal freelance job is not only reliable, but also provides you with regular work.
For example, imagine you’re a search engine optimization specialist who writes blog posts designed to increase traffic to small business websites. A large personal injury law firm hires you to write 20 posts per month and agrees to pay you $50 per post. At $1,000 per month, it isn’t the most high-paying freelance work available, but it is certainly worth your time. The nature of the work is also consistent, as your duties don’t vary from week to week.
As you fill your pipeline with more clients and more freelance jobs, having consistency is a load off your shoulders, since you can settle into a routine with each customer.
A Well-Defined Contract
A good freelance job is well-defined and leaves no room for ambiguity as to what your duties are.
This means the contract spells out every aspect of your job, such as the specific nature of the work you’re expected to perform, the deadlines for each phase of the job, and the number of revisions the client is entitled to after the work is complete.
Having a detailed freelance contract that stipulates all of these elements lessens the chance of a misunderstanding when you complete the work and bill the client. A vague contract leaves room for the client to claim the work wasn’t performed to its standards. This can lead the client to either haggle for a lower price or demand a bunch of off-the-clock revisions that you don’t get paid for.
Moreover, mutual understanding forms the basis for great client relationships. In all cases, it’s ideal to spell everything out on paper before you agree to start work.