To become a successful freelancer many things are necessary. Anyone who chooses to work as a freelancer for at least a year or two knows how broad the skills required can be.
Individuals with freelance Skills are better able to:
- engage with businesses,
- offer their services, and
- execute work for clients efficiently.
Besides, Education, web development, writing, editing, graphic design, web development, and accounting are just a few of the industries where freelancers can put their skills to use.
Growth Of Freelancing In India
If recent trends are any sign, freelancing in India has a bright future. A growing number of people are opting to work as freelancers
Moreover, the freelance business in India expects to rise to $20 to $30 billion by 2025.
According to McKinsey, the freelancing or gig economy employs roughly 20% to 30% of professionals in developed markets.
Likewise Slack, Dropbox, and Google Docs are few of the collaborative platforms that have made working with teams all around the world a breeze.
Additionally in a McKinsey report, the internet marketplace might boost global GDP by $ 2.7 trillion by 2025.
Furthermore, cities are increasingly supporting the communities of freelancers and gig workers. Coworking spaces, shared office spaces as well as cafes are becoming more welcoming to freelancers by offering basic amenities such as free WiFi.
Coworking spaces are being embraced by startups, corporations, and organizations of all kinds. For providing their millennial workforces with the flexibility and working circumstances that they seek.
Coworking facilities provide:
- Geographic flexibility,
- Networking opportunities, and
- The opportunity to work among like-minded people.
The cities with the most coworking spaces are:
- New Delhi,
- Hyderabad, and the number is growing.
Moreover, the coworking ecosystem is becoming more vibrant.
Thus, these opportunities are more creative and imaginative in their approaches to how people work and how spaces are use.
Future Projections Of Freelancing In India
Given the competitiveness of the freelance market in India, here are some projections for the future of freelancing in the country:
Expansion of freelancing in India is being fueled by startups
India is home to the third-largest number of startups in the world. Most early-stage businesses choose to deal with freelancers rather than hire full-time employees.
Freelancers are preferred by established businesses
Larger and more successful firms have fewer in-house staff and a larger remote, virtual, and networked workforce.
Additionally, In the United States, 66% of large organizations deal with freelancers because it gives them access to talents and expertise that are not available.
Thus, Corporates and businesses recognize this and are willing to experiment with remote working arrangements to attract the best talent.
Read more about 4 ways hiring freelancers can save your company money.
Cities that favor freelancing – coworking spaces
If you walk into any coworking space in any city, you’ll likely see a mix of freelancers, individual consultants, and entire corporations using the space.
Aside from that, cafes and collaborative-shared office spaces are filled with professionals aged 25 to 45.
Currently, cities in India appear to be nurturing the future of freelancing. However, this pattern is beginning to shift. Cities in tiers two and three are embracing coworking spaces. Smaller communities have cafes and communal places where freelancers can work.
Demand for up-skilled freelancer
Companies’ skill requirements are evolving as a result of advances in technology, artificial intelligence, and robotics. Older job profiles are being phased out. Domain expertise is in high demand among businesses.
Thus, to look for this is among freelancers, who are continually learning and upgrading their skills to stay up with industry expectations.
Whereas the last few years have been all about ‘entrepreneurs’ who started companies and startups. The next few years will be all about solopreneurs,’ or freelancers. They would be selling their services to a variety of takers across industries while working.
Hence, Businesses and freelancers alike would gain. If firms and organizations developed and integrated plans and programmes into their systems.
Essential Skills That Every Freelancer Needs
As a freelancer, you can highlight your strengths by using a variety of hard and soft skills.
Hard Skills are measurable, teachable abilities that requires for a specific job. These abilities are easily defined and are more commonly learnt than natural.
For Example: :
A programmer, skill in a coding language
Web developer, the ability to create a WordPress website is essential.
A web designer, knowledge of Sketch is essential.
Writer, knowledge of WordPress and the Yoast Plugin is essential.
Soft Skills are personality attributes that can help a person to succeed in a specific job. They are beneficial and can be the difference between your success and failure.
Critical thinking Mood
Depending on the industry in which you specialize, freelancers require different hard and soft skills
Must Have Freelancing Skills
Confidence & Self-Assurance Skills
As a freelancer, you must have faith in your abilities and what you can do. Potential clients will not believe in you if you don’t trust in yourself.
Confidence is a skill that develops once you complete your job to the best of your abilities and understand what you have accomplished this far.
Youtube videos that you could check out to boost your confidence and self assurance:
Negotiation & Sales Skills
When you’re solely responsible for your monthly income, persuading clients is critical.
Furthermore, you must be able to do so in a short period of time, whether through writing, your website, or in person.
Moreover, potential clients would have many freelancers. You must be able to make an impression fast to maintain their interest in you and your services.
You’ll need to look after your current clients in order to keep them in the long run while also attracting new ones.
Coursera provides you with a free course that will help you with successful negotiation
Organizing your time
How successfully you can design and, more crucially, keep schedules would determine how successful your firm is.
Working as a freelancer differs from working in an office since no one will check up on you, resulting in far less external pressure.
You’ll have to figure out what works for you. In terms of staying motivated and keeping your calendar organised while avoiding procrastination.
Thus, you will need:
- to work on the project,
- attend meetings with various clients,
- deal with invoicing,
- follow-up with possible clients, and so on throughout the day.
Additionally, there are some youtube videos that could help you manage time effectively :
- Tips for effective time management
- How to manage time by Brian Christian
- How to multiply your time by Rory Vaden
Business & Management skills
Whether it’s meeting a deadline or predicting where your firm will be in a few years, planning frequently is what separates good freelancers from great freelancers.
Freelancers must not only manage their own time and workload on a weekly basis. They must also be able to envision a long-term vision for the path they want their business to take.
Interpersonal & Communication Skills
You’ll have to speak frequently with clients. You should be able to express what you can give and under what terms in a concise and specific manner.
On the other hand, you must comprehend why the other party communicates in a particular manner. Reading between the lines, identifying red flags, and understanding client expectations are all part of this process.
Putting yourself in your client’s shoes is something you’ll have to do a lot!
Furthermore, you should have excellent networking abilities. In order to connect with other freelancers in your profession.
Attending conferences and events, as well as networking with other professionals in your field, can help you grow your freelance business.
You can watch Antoni Lacini on how to master the art of communication
LinkedIn learning course teaches how to convey information and ideas in an engaging manner.
If you work as a freelancer, you know that it may be demanding, just like any other tough job.
You may stress for a variety of reasons, including the following:
- Produce a project that you thought satisfied the client’s needs, only to be completely redone.
- You thought you’d have plenty of time to finish a project, only to interrupt by an unforeseen life event.
- Work responsibilities disturbs your personal time, leaving no time for exercise, socialising, or spending time with your family.
Thus, take a deep breath the next time you’re feeling overwhelmed and want to give up. Additionally, consider some stress management methods to put things in perspective.
Watch Annika Sorensen’s video on Youtube that will help you beat stress.
Patience & Determination
It’s important not to give up and to be patient. Whether you’re looking for a new freelancing project, waiting for clients to respond, attempting to develop your network, or working on a particularly difficult task. You must learn to persevere until you reach your goal.
Decision Making Skills
When you’re a freelancer, you have a lot of choices to choose from. In more ways than one, this goes beyond the typical perception of task and time management.
To begin with, freelancers must learn to read people. Not every customer is trustworthy and not every job is exactly what it appears to be. Even if just one of these elements goes wrong, the results might be severe.
As a result, freelancers must know when to accept a project and when to decline it, as well as be ready to make swift decisions.
You are your own finance department as a freelancer. Choosing where to invest to strengthen your business while also paying taxes, growing your firm, and maintaining a personal life can be difficult.
So, before you begin, you should educate yourself with the financial framework that goes along with your chosen profession.
The first responsibilities that freelancers delegate or outsource are taxes and accounting.
Further you can also use Refrens for different tools like invoice generator, GST e-invoicing, quotation generator, purchase order format which would help you maintain your bookkeeping more efficiently.
Are you familiar with the terms LinkedIn, SEO, or Google Ads?
If you don’t, you’re probably not ready to start promoting your own freelancing business.
Getting exposure is one of the most difficult things to do at first, so learn how to give yourself every advantage you can.
Client testimonials, as well as social media, should be part of your marketing approach.
Passion & Curiosity
Finding your passion is a cry for freelancers all around the world.
Hence, pushing yourself to pursue the one thing that truly motivates and promises a lifetime of great tasks and clients.
But what if you don’t know what you want to do with your life? Or if you have a wide range of interests? Or is the idea of abandoning everything to pursue a single passion sound too dangerous?
What suppose we did something like this instead: Follow your curiosity.
Everyone needs to start somewhere as a freelancer. Whether you follow your curiosity, modify your course along the way or discover new interests you weren’t aware of.
Hence, when you are aware of the skills that every freelancer should have, you should check on the most in demand skills that are currently prevailing and have a great future ahead.
Freelancing is a wonderful way to start your career. However, in order to get to the point where assignments come back to you on a regular basis. You’ll need to devote a significant amount of time to learning a variety of freelance skills. That will help you perform even better while still allowing you to spend your free time on other things as well.
With the introduction of gig platforms, the freelancing environment has already undergone a revolution.
The major accelerator of the freelancing marketplace models are:
- the pandemic,
- new work culture,
- and enterprises’ transition away from traditional work practices.
Thus, Freelance marketplaces expect to reshape the future of labour in the business sector as a result of this.
Hence, keep your mind sharp by being up to date on online trends, learning new skills on a regular basis, and being tech savvy.
You’re good to go if you can quickly react to changes and maintain your operations simple!