Tag Archive for 'buyers'

10 Common Freelancing Myths

There are innumerable lies, myths and half-truths about freelancing, sometimes created by the community faceand sometimes by freelancers themselves. These myths develop as a story first and then turn out as a fact believed by many of us. This can prompt buyers to take a wrong decision as they might believe these myths before hiring a freelancer. Similarly, an individual can also get skeptical before jump starting as a freelancer. Hence, it is really important to understand the difference between a myth and a fact.

Here are some of the common freelancing myths which you must have heard many a times:

Myth 1- Freelancers remain busy with their personal stuff, I can’t rely on them for my work.

Fact – Freelancers believe in having a flexible lifestyle. They leave their jobs to give quality time to their family and make their own identity as an entrepreneur. Work is equally important for them because without that they just can’t meet their basic necessities. Their basic objective is to pursue their dreams for ultimate happiness within. We should not ignore the hard work they put in to accomplish the assignments successfully they have taken. This will not only give them credibility in the market but also the money to survive.

Myth 2- Freelancers have less resources, I am not sure about the quality of work I would get.

Fact- Freelancers are good workers and opt for this mode of career only to stand out of the league of crowd that works 9-5. Agreed they have less resources but they make sure that they have everything required for seamless execution of your project. Unlike your company’s employees, freelancers provide their specialized services at competitive costs cutting your overhead costs and giving you excellent work results.

Myth 3- Freelancer’s “NO boss” theory is dangerous, what if they don’t deliver my work on time.

Fact- Freelancers are responsible professionals as they own the business. They are accountable for their business growth as well as for their reputation in the market. Timeliness is considered to be the most essential requirement of freelancing. Hence, they believe in working to the best of their abilities to make goodwill in the market. They manage their time, make plans and focus on different goals each day.

Myth 4- Freelancers provide their services at affordable prices and it is easy for me to bargain.

Fact- Freelancers might not have a big corporate office or appropriate resources but quality professionals never compromise on the prices they charge for their services. They may agree to negotiate on their charges but for a good business deal it’s better to pay them what they are worth for.

Myth 5- Freelancers are unstable, they may find a good job one day then how can I assure my future.

Fact- The prevailing economic slowdown and resulting job layoffs have given a boost to freelancing across the globe. In such a scenario, people are looking for more and more sources to make money. Hence, freelancer would never lose these sources to earn some extra money as this will help them when their company for which they had worked for years show them a pink slip.

Myth 6- Freelancers need to put a lot of money to start up their freelance career and I don’t have much.

Fact- Yes, at initial stage freelancing do demand an investment of dedication, discipline, time and hard work. You need to spend a small amount of money on some basic resources like computer or some times for software, office space, furniture etc. At a very early stage of freelancing you can put in small amount of money and as you expand you can plan to spend more money to enhance your services.

Myth 7- Getting into freelancing doesn’t mean I will get projects easily I need marketing skills to get a project.

Fact- As many online service marketplaces are available these days like LimeExchange it is easier to get projects online. You just have to choose one matching your area of expertise, bid on them and get awarded instantly. You don’t need marketing strategies to get one but to build strong business relationships you may need networking skills. However, a basic word of mouth strategy can also help you to get project from your satisfied buyers.

Myth 8- Freelancers earn hundreds of dollars by working on their own terms. I will work less and charge per hour.

Fact- Freelancing is not a money-generating machine. You get paid for your skills, experience as per the industry standards. It also varies from country to country; like if you are working for a U.S. client you will get paid in dollars and then you can convert them into your own currency. You can also charge for a special service but at an initial stage of freelancing you cannot get truckload of money in a single go. It is important to build credibility before thinking of making money.

Myth 9- I have registered on freelance job website now projects will flow in.

Fact – Freelancers generally think that after registering on online services marketplace they don’t need to make any effort to get projects as they will automatically flow in to their way. But to get good projects freelancers should keep their profile completed, take online skill tests, get certified tags to attract buyers. You can also get your educational credentials verified to acquire better work projects.

Myth 10- As a freelancer I will always get buyers as per my choice and they will be supportive.

Fact- You may or may not get nice or supportive buyers always. As nobody is perfect, you need to develop good communication skills, collaborate with them using collaboration tools like PMB and IM and build strong relationships. You never know you may turn a bad client to a really nice business partner.

Hope now before making a business decision as a buyer or as a freelancer you will think more about the facts rather than the myths and work with more realistic approach.

How do I execute the project on an online services marketplace?

Freelancing has emerged as a ray of hope for millions of people around the globe in the current financial storm marked by government bailouts, bankruptcies, social unrest, recession, depression etc.

Online services marketplaces have provided individual freelancers, SMBs & SMEs with concrete platforms to leverage outsourcing and incur huge dividends even in the current economic disquiet.freelance

We are glad to share with you that hundreds of projects have been successfully done on LimeExchange in a period of less than a year since its global launch. This has encouraged us to bring to you the project management tips that will help you successfully execute the projects on an online services marketplace.

The project management tips can be placed under 3 distinct phases of project execution:

Getting started

1. Bid on the project

Before you bid on any project, make sure that your profile is complete and convincing enough for the buyer to consider your bid for his project. However, the bid that you place must be biddingcompetitive and reasonable based on proper estimation of manpower/skill requirements and hours required to complete the job.

It is recommended that you include covering notes with the bid stating your past work experience and other details that would justify why buyer should shortlist your bid.

2. Create a Project Contract

To increase transparency, mutual trust, and sustained monitoring of the project at every stage, it is recommended that you set the scope of the project, milestones and corresponding payments and discuss them with the buyers through a Project Contract draft.

Clearly specified deliverables and terms & conditions of the project will give right direction to your project management approach and help you to complete the project on time, without compromising on the indispensable element of quality. Once agreed mutually on these, you are all set to move forward.

3. Initiate a Kickoff Checklist

Kickoff Checklist contains questions on project related pre-requisites. This is most often requested by a buyer, after awarding you with the project. It is particularly important in case of large projects where stakes are high. Prepare a Kickoff Cchecklisthecklist and send it to the buyer stating that you have enough information about the project to get started. Such pre-planning of the project will enable you to deliver top-grade results.

4. Split the project into smaller parts

You can make the task of project execution easier by breaking the project into small manageable parts to ensure that you have not missed out on anything important. The milestones set for each stage of project would serve as signals to you indicating the ‘distance traveled’ and the ‘remaining distance to be covered’. This will pave way for better project management and execution.

During the course of the project

1. Prepare a list of to-do items for timely results

Brainstorm considerably and come up with a well-formulated strategy of handling the project execution in the best possible manner. If you are dealing with a bulk project, you must prepare a list of important tasks to be attended. Prioritize the deliverables as this will help you to beat the time lines set for the project. Timely project delivery will win you great respect as a trusted freelancer.

2. Communicate and Collaborate effectively

In freelance business, communication is the key to success. Professional communication will enable you to build a trustworthy and warm relationship with your buyer, which will make project execution easier. collaborate

On LimeExchange, you can easily stay in touch with your buyers through project collaboration tools such as Project Message Board (PMB) and Instant Messaging (IM). With these collaboration tools, you can discuss requirements, send status report, share files and seek feedback by asking the buyer to review.

The more you communicate with buyer, the better your project execution will be. As a result, excellent deliverables will ensure you repeat business and long-term business relationships with the buyer.

3. Attend to buyer’s queries and keep him updated with project status

The immediate and fast response to buyer’s queries and requests will help you to successfully execute the project. Answer all his private messages and work out the time zone difference so that you can be online simultaneously and resolve project queries, in case if there are any.

Also, an effective project management tool on LimeExchange such as Issue Tracker helps in monitoring tasks, logging issues and defects which can be tracked to closure. A buyer as well as a service provider can create an issue/task.

Keep your buyer updated about the project progress so that your buyer is convinced about the right choice he made by hiring you for his project.

After the successful completion of the project

1. Keep in touch with the buyer

In order to succeed in freelance business, you need to stay in touch with the buyer to develop long-term business relationship with him as this follow-up may materialize into some monetary gains in the form of projects in the future. You can keep connected to him through various social networking tools available in the market such as LinkedIn, Twitter etc.

This step is often overlooked by freelancers. However, it’s essential as the feedback given by the buyer for the services rendered by you can earn you lots of new business and profits thereby.

We hope that the above mentioned project management tips will certainly help you successfully execute the project and beat the time frames set for the same.

With this project management strategy, get started now!