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How to become a freelancer?

10/20/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Becoming a freelancer requires some planning and meeting certain legal and financial requirements. Here are the steps that can help you get started on the path to becoming a freelancer:

Determine your services: Consider what services or skills you would like to offer as a freelancer. This could be anything from writing and graphic design to web development, consulting or translation services:

Market research: Investigate the market for your services. Find out if there is demand and who your potential clients might be.

Business plan: Create a business plan that includes your business goals, target groups, marketing strategies and financial projections.

Choose legal structure: Decide what legal structure your freelance business should have. In many countries, freelancers can work as sole traders or set up a sole proprietorship. In some cases, it may make sense to set up a company or an LLC (Limited Liability Company) to protect your personal assets.

Business registration: Register your business with the local trade registry or relevant authorities. Make sure you obtain all the necessary licences and permits.

Taxes and accounting: Find out about the tax rules for freelancers in your country and register your business with the tax authorities. Keep proper accounting records to track income and expenses.

Open a bank account: Open a business bank account to keep your business finances separate from your personal finances.

Insurance: Consider taking out professional indemnity insurance to protect yourself from legal problems or claims for damages.

Rate setting: Determine how you will price your services. Consider your skills, experience, market demand and competition.

Marketing and client acquisition: develop a marketing strategy to attract clients. This may include creating a website, using social media, networking and working with other freelancers or businesses.

Contracts and agreements: Draw up professional contracts and agreements that set out the terms of your services, payment arrangements and intellectual property.

Time management: As a freelancer, you are responsible for your own time. Organise yourself well to complete assignments on time and satisfy clients.

Networking and continuing education: Stay in touch with other freelancers in your industry to learn from their experiences. Continually engage with new trends and developments in your field.

Build reserves: As a freelancer, your income may be irregular. Make sure you build up financial reserves to cope with unexpected expenses.

Self-discipline and self-motivation: As a freelancer, you need to be disciplined and motivated to succeed. It can be challenging when you are working independently and managing your own time.

Keep in mind that the exact steps and requirements may vary depending on your location and industry. It is advisable to consult with a tax advisor or lawyer to ensure that you meet all legal requirements and create a solid foundation for your freelance business.

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Jobs for freelancers - What acquisition portals are there?

09/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are many acquisition portals where freelancers can find jobs. Some of the most popular are:

- Upwork

- Fiverr

- Freelancer

- Guru

- PeoplePerHour

- Toptal

- 99Designs

- SimplyHired

- FlexJobs

- TaskRabbit

- WorkMarket

- Craigslist

- Glassdoor

- Craigslist Gigs

- DesignCrowd

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Freelancer hourly rates

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The hourly rates of freelancers can vary significantly depending on the industry, experience, expertise, location and type of project. Here are some rough guidelines for hourly rates of freelancers in different fields:

Consulting and management:

Emerging or junior consultant: €30 - €60 in Europe / $30 - $60 in the US

Experienced consultants: €60 - €120 in Europe / $60 - $120 in the US

Senior consultants or experts: 120 € and more in Europe / $120 and more in the USA

Design and creativity:

Beginners: 20 € - 50 € in Europe / $20 - $50 in the USA

Experienced designers: 50 € - 100 € in Europe / $50 - $100 in USA

Experts and specialists: 100 € and more in Europe / $100 and more in the USA

IT and technology:

Entry or junior developers: €20 - €50 in Europe / $20 - $50 in the USA

Experienced developers: €50 - €100 in Europe / $50 - $100 in the USA

Senior or specialist developers: 100 € and more in Europe / $100 and more in USA

Writing and content creation:

Beginner: €15 - €40 in Europe / $15 - $40 in the US

Experienced writers: €40 - €80 in Europe / $40 - $80 in USA

Specialist authors or experts: 80 € and more in Europe / $80 and more in USA

Health care (medicine, therapy, etc.):

Depending on the field and specialization, hourly rates can vary widely. In some cases, they can reach hundreds of euros or dollars per hour. Please note that these are only general estimates and actual hourly rates can vary greatly depending on various factors. It is important to conduct extensive market research to understand the current rates in your industry and region. Also consider your own experience, expertise, and the value of your services when determining your hourly rate.

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Hourly rates for freelancers

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Hourly rates for freelancers can vary widely, as they depend on several factors, including the industry, expertise, experience, region, and type of project. Here are some rough guidelines for hourly rates for freelancers in various industries:

Design and creative:

Beginner: €20 - €50 in Europe / $20 - $50 in the US

Experienced designers: 50 € - 100 € in Europe / $50 - $100 in the USA

Experts and specialists: 100 € and more in Europe / $100 and more in USA

Web development:

Beginner or junior developer: €20 - €50 in Europe / $20 - $50 in USA

Experienced developers: 50 € - 100 € in Europe / $50 - $100 in the USA

Senior or specialist developers: 100 € and more in Europe / $100 and more in USA

Writing and content creation:

Beginner: €15 - €40 in Europe / $15 - $40 in the US

Experienced writers: €40 - €80 in Europe / $40 - $80 in USA

Specialist authors or experts: 80 € and more in Europe / $80 and more in USA

Consulting and management:

Emerging or junior consultants: €30 - €60 in Europe / $30 - $60 in the US

Experienced consultants: €60 - €120 in Europe / $60 - $120 in the US

Senior consultants or experts: 120 € and more in Europe / $120 and more in the USA

It is important to stress, however, that these are only general estimates and actual hourly rates may vary depending on various factors. It is advisable to conduct thorough market research to understand current rates in your industry and region. In addition, networks of freelancers and industry associations can help you get a realistic idea of reasonable hourly rates. Remember that your hourly rate should reflect your experience, skills, and the value of your services.

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What to consider as an IT freelancer? Tips for success on freelancer platforms and in dealing with IT intermediaries.

08/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digital world, numerous opportunities open up for IT freelancers to work flexibly and independently. Freelancer platforms and IT intermediaries play an important role in this by bringing clients and freelancers together. However, there are some important aspects to consider in order to be successful as an IT freelancer. In this article, we take a look at the key points to consider.

1. Profile design and self-promotion:

Whether you use a freelance platform or get referred through an IT intermediary, having a strong profile is crucial. Make sure your profile highlights your skills, experience and previous projects. Remember that potential clients will use your profile to decide if you are right for their project.

2. Specialize and find niches:

There are a variety of specialties in the IT industry. The more specific you position your skills and knowledge, the more likely you are to find interesting projects. Focusing on a niche can also help you stand out from the competition and get better paying jobs.

3. Realistic prices and fair negotiations:

Determine a reasonable hourly rate or flat rate for your services. Be prepared to adjust your prices depending on the nature of the project and the scope of your work. In negotiations with clients or intermediaries, be confident in your values and skills, but also be flexible and fair.

4. Client reviews and references:

Collect positive reviews from satisfied clients on freelancer platforms. Good reviews are essential for gaining the trust of new potential clients. References from previous projects can also strengthen your credibility and increase your chances of success.

5. Transparent communication:

Clear and effective communication is essential to avoid misunderstandings and complete projects successfully. Clarify all important details at the beginning, such as the scope of the project, schedule, payment terms, and scope of delivery.

6. Contracts and legalities:

Make sure you have a clear and legally backed contract for each project. This should cover all agreements, disclaimers, and intellectual property rights. A solid contract protects both you and the client.

7. Time management and reliability:

As a freelancer, you have the responsibility to complete your projects on time. Therefore, good time management is essential. Show reliability and deliver on your commitments to build your reputation as a trustworthy professional.

8. Network and maintain contacts:

Maintain your professional network and make contacts in the IT industry. Even if you work through a platform or an intermediary, personal referrals and relationships can lead to new and lucrative projects.

9. Continuous education:

The IT industry is dynamic and subject to constant change. Keep your skills up to date by continuously educating yourself and following new technologies and trends. This will make you more attractive to clients and increase your marketability.

Conclusion:

As an IT freelancer, there are many aspects to consider in order to be successful. From self-promotion to transparent communication to a clear contract system, all of these factors will help advance your career. Take advantage of freelancer platforms and IT intermediaries to reach out to potential clients, but don't forget to actively work on your own network as well. With the right mix of expertise, self-promotion and customer focus, you can achieve long-term success as an IT freelancer.

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