This article is the fifth & last part of twenty five tips describing how to maximize your freelance work revenue.

21. Be Updated

There are plenty of freelance sties are coming into existence basically everyday. Some of them containing really useful and different kind of tools that may really help in your work. Thus always keep an open eye about what great new thing that are coming out that can be relevant to your projects.

22. Do Not Forget the Old Clients (80/20 Rule)

There is a saying that 80% business will be done from the existing list of clients who you served already. The remaining 20% will be the new persons that are being added in the list of happy customer smile. Thus you should master the art of keeping them up-to-date about your projects and services and at the same time keep an open eye on the opportunities that they may bring along.

23. Get Referral Business

Referrals are the key personnel who will push your business forward by referring to you in places that they see fit. Many of them will do it for free out of satisfaction from your work or many of them will exchange some deal with you. All in all, you should have a large base of effective referrals.

This article is the fourth part of twenty five tips describing how to maximize your freelance work revenue.

16. Team up

It is often a good approach to partner up with other freelancers for a single project or you may partner them for you own need. For example if you are working online, the you may develop a tie with other type of service provider such as designer, SEOs, writer, marketer etc. It is kind of work delegation but in this approach you are directly dealing with someone professional and at the same time, freelancer. So correspondence becomes easier and more effective.

17. Be Professional

Being professional is one of the key factors that needs to be attained to be successful in any attempt. So a professional approach could helps to close a contract.

18. Effective Invoice Management

If you do not send your invoice timely as set before, you will get a delayed payment. So you should use various online and offline tools that let you have a sound invoice management facilities. Also, if you exchange money through online, always use the notable options such as AlertPay or PayPal.

This is the third part of our series of maximizing freelance revenue by adopting the most effective 25 ways of going about freelance business.

11. Use Your Time

It is vitally important that you make every possible attempt to make use of your work hours to achieve some progress with the project in hand. If you squander away the work hours on a regular basis, then it is very difficult to catch up later on. So try to focus and prioritise the working hours for useful work only.

12. Being a Blogger

This is always a good idea to publish your work related stuffs that may help you promote your business in a better and globalise manner. Write about the nature of your work and also publish contents showing how your service can help the customers to grow their business. This will eventually attract the customers if the content is catchy enough.

13. Networking

It is a good and effective idea to network as much as you can with common mass and fellow freelancers. This will surely help in spreading words about your work and thus getting the leads. The fellow freelancers can also help you in passing their own project if they are too busy or if they lack the required skill set. All in all it doesn’t at all hurt to have an expanding network of people, both clients and other freelancers.

14. Save Ideas

You should save any creative idea that may flitter through your mind during a project or you find from some other place. Though it may not be needed for the running project, it may help you in future projects thus greatly saving your time and reducing your effort. More importantly, by doing this you are using your thoughts and creativeness in an optimum way.

This article is the second part of 25 tips showing how to maximize your freelance opportunities.

6. Be Dedicated

If you are taking up a project, you are certainly putting yourself into a commitment with the client and you should do your best (But be logical about your own life as well) to produce optimum result.

7. Keep a Record

It is best to keep a record of every expenses that you have to incur. If you have a dedicated room designated as office in your home premises, then you should have separate record keeping books for home and official expenses.

8. Do not Under-Sell Yourself

It is important to understand that at the initial stage you may not be so successful with high prices per project, but, it is also a fact that if you sell yourself too cheap. It will affect your name in a negative way as well. Thus be logical and use the following formula to go about setting project rates:

• Rate = RM R / H hrs
• R is the desired salary that you expect in a year
• H is the total hour in a year that you think is possible for you to work on projects.

The general trend is to have 15 workable days in a month with 8 hours of work, thus it gives you a total of 1440 hours in a year. The rest of the time will be spent upon other purposes such as administrative tasks, marketing, enhancing skills, having some breaks, etc. Once you know you hourly rate, apply to that in each project to determine the final rate. Besides, you should also increase your rate with time as you grow more experienced and professional.

Working in freelance mode can generate a good turn over in terms of income and freedom of work. However, to make this trend consistent, you have to ride out some rough issues such as being overworked at times and boredom. Therefore, you must apply some techniques to tackle these factors and gain maximum profit.

This article is introducing the 25 freelance tips in a five series article. Below is the initial first five workarounds:

1. Be Selective

Be choosy about which work you should accept and which you should leave out. Because, some clients will have projects that are either way too spread out or they will offer low rate for their projects. In that case it is just a time waste to engage as the project will bring too little of a profit for an extended amount of work.

2. Improve Reusability

When you work for multiple clients at the same time, in many cases you will have two or more clients dealing with similar kind of project. In that case you should do your research in such a way that you can use the information for both of the projects, thus not having to undertake multiple research attempts. Your clients will not be bothered about this at all, in fact they will be happy that you have completed the task faster than they expected.