Starting a Freelance Business? Avoid These Key Mistakes

Danielle Corcione
Mar 12, 2018 · 2 min read

This post originally appeared on BusinessNewsDaily on October 21, 2016.

With the rise of the gig economy, small businesses of all trades are shifting toward a larger percentage of freelancers. No matter what your expertise, there are likely opportunities for contract work. Rather than working the traditional 9-to-5, professionals reap the benefits of tackling assignments on a per-project pay basis.

As a new freelancer, you might not understand how to find, charge and work with clients, and it’s expected you’ll probably make some novice mistakes. Here are a few things all freelancers should avoid if they want to succeed and grow their business.

Undercharging for services

When it comes to rates, freelancers are in the sometimes challenging position of balancing their own financial needs with current market standards. Stephanie Sachs, an account director at boutique tech public relations agency Astrsk PR, cautioned freelancers against undervaluing themselves in the name of attracting clients.

“Know your worth,” Sachs told Business News Daily. “It might be tempting to offer discounts or lower your rates as a way to entice prospective clients to sign with you instead of the competition. However, make sure you have a clear understanding of the market conditions, and what sets your skills apart from the rest.”

Depending on your field, you should research what rates are standard. Professional organizations offer industry standards for specific services, and there are also open-sourced databases out there of what other freelancers were paid by certain types of clients.

Read the entire story on BusinessNewsDaily below:


If you enjoyed this story, contribute to the Millennial Freelancer’s Patreon.

The Millennial Freelancer

Navigating an alternative career in the digital age

Danielle Corcione

Written by

Freelance writer and editor // Tinyletter.com/decorcione // DanielleCorcione.com

The Millennial Freelancer

Navigating an alternative career in the digital age

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade