4 Things to Do Before Becoming a Full Time Freelancer

Becoming a full time freelancer should not be an overnight decision.  Sure, you can throw your hat over the fence, so to speak, but you might be exposing yourself unnecessarily to certain risks.  Here are ways you can transition from your 9-to-5 job and become a full time freelancer:

Learn everything about the business.
If you’re transitioning naturally to a freelance business that’s related to your present job, you shouldn’t have a lot of problems.  However, if the freelance work you’re looking at is a hobby or an interest, try to learn what you can about it first.  That way, you’ll have a better perspective

Keep your day jobs at first.
Don’t quit your job yet.  Freelancing is notoriously unpredictable, particularly in the early stages.  Having a job will keep you secured should your first forays into freelancing are not as well as you expected.

Save emergency fund to spend for the next six months.
Have something to live on once you’ve transitioned completely.  Three to six months’ worth of savings to pay for expenses should be enough.  Save as much money as you can before becoming a full-time freelancer.  This will help cover for expenses should those freelancing checks don’t come on time.

Work everyday.
Integrate your freelance work into every free time you have.  Got an hour to spare everyday to work on your skills or market your freelance business?  Maximize those 60 minutes. Talk to people, observe the market, look for suppliers, study and promote your business.  The better your skills are, the more likely your freelancing business will succeed once you go full-time.

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  • Nice tips.

    #1 is so true. I found that I was under-pricing and over-committing. I learned this too late and went back to the corporate world where I am right now.

  • I just started as a freelancer ( web design ) and in the first 2 weeks I learned so much about the business and life in general.

    There are so many details you could never think about unless you actually start to do the job. My advice is, if you can try freelancing – do it. You will have priceless experience even if you decide to come back to your old job.

  • Your post is very significant. I get worried about a lot of people who get too excited after reading or misreading certain inspiring books (Rich Dad Poor Dad, 4HWW, Automatic Millionaire etc.) and just quit their jobs without planning. I agree with your tips and urge people to always have a backup plan and long-term plan (ask can you sustain this for 5 years?). And one important thing about freelancing, which I learned the hard way, is to be still open to work with teams and socialize with others in your own field.

  • Hello purevoid, thanks for the nice words… hope to see you in the future and hope you can also join Manila Freelancer’s group of guest bloggers… thanks

  • I would love to guest blog. I would also like to interview you soon for our blog.

  • Thanks for the advice Melo. Actually im thinking of making the freelance job a full time career although its unpredictable. What entice me to make it full time is that im doing it for a year now and the payback is 4times of my day job salary.