馃攳
The Hard Truth about Freelancing | 3 things to know before starting Freelancing - YouTube
Channel: Ishan Sharma
[0]
you might have seen a lot of videos in
[1]
which people talk about how amazing
[3]
freelancing is and how you should
[5]
definitely try it out and you can become
[7]
your own boss
[8]
uh and and you might have felt that you
[11]
should also try out freelancing okay
[13]
but yeah not a lot of people talk about
[15]
the downfalls the pitfalls and the
[16]
problems with freelancing
[18]
and that's what i'll be talking about in
[19]
this video all right let's get started
[30]
welcome back everyone i'm ishaan sharma
[32]
and first of all like this video guys
[34]
and also make sure that you subscribe if
[36]
you're new to the channel all right
[37]
yeah so today we want to talk about
[38]
freelancing there are three things that
[40]
i want to talk about
[42]
that i want to point out that i want all
[44]
of you to understand before you get into
[46]
freelancing
[47]
before you try to take this as your own
[49]
career okay let's start with the number
[50]
one point okay and that is the fact that
[52]
you are your own boss
[54]
you get to set your own rules you get to
[56]
set your own working time you get to
[59]
choose when you go out for for a
[60]
vacation okay it depends completely on
[62]
you it depends completely on where you
[64]
want to take your life
[65]
there is no cap on how much money you
[67]
can earn that's a good thing
[69]
the bad part about this is that you will
[72]
always have to hustle you will always
[74]
have to
[74]
make sure that you are upskilling
[76]
yourself it's always you have to make
[78]
sure that you are
[79]
going after and getting new clients okay
[81]
because again clients don't stay here
[83]
for forever
[84]
okay you have to make sure that you are
[85]
getting in front of people so that more
[87]
people understand okay this is the kind
[89]
of person this is what this person does
[91]
so i should definitely approach this
[92]
person and ask if he would be able to do
[94]
my work okay
[95]
so this is all that you have to do you
[97]
have to take the initiative you have to
[98]
hustle really hard
[100]
every single day it becomes really it
[102]
becomes really difficult
[104]
for me at least to just be like okay
[106]
i'll just take a day off i won't work
[108]
and i'll just chill for some time that's
[110]
not that's not really possible
[111]
okay when you are freelancing you have
[114]
to make sure that you
[115]
first of all take care of your expenses
[117]
okay and secondly you have to make sure
[120]
that you are
[121]
going after and reaching out to newer
[122]
clients okay also at the same time it's
[124]
really important that you have a
[126]
community
[126]
online okay that you have some sort of
[128]
an online presence that's also a really
[130]
important part
[132]
okay so this is the number one point you
[133]
are your own boss that
[135]
is a good thing at the same time it's a
[137]
bad thing okay because
[138]
you get to decide how much you want to
[141]
work you get to decide
[142]
how much you want to chill and that at
[144]
times can be really stressful for a lot
[146]
of people
[147]
because they just don't want to take in
[148]
the pressure okay a lot of times you
[150]
will feel that there are no clients and
[152]
you are just you are just
[153]
at your home you don't have any one that
[156]
will be paying you for this month okay
[158]
there will be months in which you won't
[159]
have any work there will be months in
[161]
which you will have a lot of work
[162]
okay so uh this is a very irregular
[164]
schedule that happens with freelancing
[166]
so just keep this point in mind okay the
[168]
number second point
[170]
that i want all of you to understand is
[171]
that there is no security
[173]
okay this is also really important uh
[176]
again as i said clients do not stay
[177]
forever
[178]
and uh so what you have to do is that
[180]
you have to constantly
[182]
uh approach new clients and see if you
[184]
can if you can
[185]
work for them right that's really
[187]
important to understand
[189]
there's no security means that you won't
[190]
be getting a paycheck every single month
[192]
okay and in the beginning you won't be
[194]
getting anything okay you will be
[195]
underpaid
[196]
you will be spending a lot of time and
[198]
just doing some free work maybe in the
[200]
beginning
[200]
okay so this all is very stressful
[204]
when you don't get a paycheck after
[205]
every single month you just feel
[207]
discouraged okay you feel that you
[208]
should be quitting it
[210]
you feel that this is just not the thing
[211]
for you or even if you do get a paycheck
[213]
it's just really
[214]
it's really low okay a lot of people
[216]
complain that i worked so hard and i
[219]
just
[219]
got paid like 10 000 rupees for the
[221]
entire month that's a
[222]
that's a bad thing but what they do not
[225]
understand is that this is an
[226]
exponential curve
[227]
in freelancing okay as you are working
[229]
as you are learning new things
[231]
you will be able to charge them more
[233]
okay and that's also a really important
[235]
point that i'll be talking about in the
[236]
coming uh
[237]
points okay so yeah second point is the
[239]
fact that there is
[240]
no social security there is no security
[243]
for freelancers okay
[245]
there are ways that you can secure
[246]
yourself by getting some insurances to
[248]
make sure that your bills are paid when
[250]
you don't have the money
[252]
because it can definitely happen okay
[253]
it's completely irregular for
[255]
freelancers
[256]
uh so just keep this thing in mind the
[258]
third point is the fact that you have to
[261]
understand your self-worth
[262]
okay a lot of times especially in the
[264]
beginning you will find that you
[266]
are getting underpaid or you're working
[268]
for free and
[269]
uh then afterwards once you have once
[272]
you are like at an intermediate stage
[274]
you can start charging people
[276]
but at that point you need to understand
[277]
what is your self-worth how much should
[279]
you be asking for per
[280]
hour or how much should we be asking for
[282]
a value based pricing
[284]
okay so this is really important for you
[286]
to understand
[287]
and the only way for you to understand
[289]
this is by staying aware
[290]
okay is by is by having a group of
[292]
people who are freelancers
[293]
and just just talking to them just
[295]
sharing uh your recent orders and how
[297]
did you fulfill those orders
[299]
okay so all of these things you have to
[300]
make sure that you are talking with
[302]
people
[303]
that are also freelancers okay so that's
[305]
a really important point to keep in mind
[307]
understanding your self-worth it's
[309]
really really important because if you
[311]
do not understand your self-worth
[312]
it doesn't matter if you are working for
[314]
a new startup or if you are working for
[316]
a fortune 500 company
[318]
they will always take advantage of you
[320]
okay so this is
[321]
really important for you to always keep
[323]
in mind how do you understand your
[325]
self-worth
[326]
i'll give you an example of what you can
[327]
do okay just take a pen and paper and
[329]
write down
[330]
every single expense that you have once
[332]
you do that you can then
[333]
start to understand okay this is what i
[336]
spend my money on
[337]
and so then it becomes really simple for
[339]
you to think about budgeting
[341]
and then you can take a look at how much
[343]
do you want to save how much more do you
[344]
want to earn
[345]
okay it becomes really uh really
[349]
lucrative for you to just think that
[350]
okay i'll make this much money and then
[352]
you're like i'll make this much more
[353]
money
[354]
okay if you don't have a cap you will
[356]
always feel unsatisfied in freelancing
[358]
so yeah that's what i feel about these
[359]
three points i'll just revise
[361]
uh what we talked about in this video
[363]
number one we talked about
[365]
you are your own boss it's a it's a boon
[368]
and a bane at the same time
[370]
uh secondly we talked about that there
[372]
is no security
[373]
okay that's also a big point to keep in
[376]
mind and third thing to remember is the
[378]
fact that
[379]
you have to understand your self-worth
[381]
okay so that's it from me guys uh let me
[384]
know what other videos do you want me to
[385]
make in the comment section below
[387]
make sure that you subscribe to the
[388]
channel like this video and you can also
[391]
follow me on instagram i post it pretty
[393]
much daily thank you so much and i will
[395]
see you all in the next video bye
Most Recent Videos:
You can go back to the homepage right here: Homepage