Q4: Can You Afford to Be The Freelancer You Want to Be?

idealmike Level X³

August 8, 2016, 9:27 pm

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Q4: Can You Afford to Be The Freelancer You Want to Be?

This is Question 4 of my 10 part series on 10 Questions to Ask Yourself Before Becoming a Full Time Freelancer.

Most freelancers only need their laptop to do work on. That and a fast and reliable connection to the Internet. Most freelancers already have some skills as well. Things they do as a hobby that they can turn into cash as a freelancer.

But for some types of work, you may require more than this. You may require a faster more powerful computer. And you may be the type that needs to work in a quiet isolated place too or even in an actual office. Especially if there's too much noise and commotion going on around you!

So while you may already have some skills and a powerful computer, and a quiet isolated place in your home you designate as an office space. You may not have these and need to invest in them first or at some point along the line at more cost to you. And in some cases, you might not be able to get the work and do it unless you have them. And you might not even make any money at all in your first few months as a freelancer! Plus if you're a rookie then you may have a lot of things to learn and figure out yet. Such as the tools or software or hardware you need to do what you do!

So if you're thinking of quitting your regular day job and becoming a full time freelancer that specializes in one or several different areas of skills. You'll have to have enough money set aside that you can use to get you through those first few months. And even then there's no guarantee you'll be earning a lot of money if you don't apply yourself.

You have to ask yourself; do I have enough money set aside to pay for the bills and things like these (food etc) to get by on?

And can I afford to be a the freelancer I want to be?

What about you? Did you have to spend any money on anything before you could get started being a freelancer?

Did you have to scrape by for a while living off beans on toast for a few months before you was finally able to start eating steak?

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Lynne

This is a very important aspect Mike, thanks for bringing it up. I had to work on my really old (dinosaur) pc recently while my laptop went in for repairs and I also struggled for a while with internet connection problems.

If you don't have the right things to freelance it can make it incredibly hard to get any job done at all.

I believe it is important to make sure you can afford to purchase the things you need to get the job done as quickly and efficiently as possible and as easy as possible too.

10 years ago

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Cristian

I already had a computer and an internet connection. Bought myself a printer and scanner that I rarely use and that's about it.

But if I had to do it all over again, I would do it only if I land some huge client that pays very well and I can do it long term. That's the only way I'm gonna quit my day job.

10 years ago

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Everett

Yes, I can afford to be a freelancer, especially what I am doing now. It only cost me about $25 a year to run everything that I need. So if you take all the profit I am making, and yes it's mostly ALL profit since I do all the work myself, and subtract $25 it's still a large sum. If I am ever at the point where I can not afford it then I am doing something terribly wrong. Generally whatever I do is profitable mostly as I hate spending money to make money.

10 years ago

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Corzhens

I have the office space in our living room, a table with a desktop, an internet connection, and all other resources needed by a freelancer. But right now what I don't have is the time. And in the near future, I am seeing myself to be working full time as a freelancer who is eaning enough to cover our daily expenses.

8 years ago

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SEOClerks

Q4: Can You Afford to Be The Freelancer You Want to Be?

Q4: Can You Afford to Be The Freelancer You Want to Be?

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