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Q7: How Much Money Can I Make Freelancing?

  • idealmike Level X3
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    Q7: How Much Money Can I Make Freelancing?

    This is Question 7 of my 10 part series on 10 Questions to Ask Yourself Before Becoming a Full Time Freelancer.

    How Much Money Can I Make Freelancing?

    If you have skills and experience. And you are selling freelance services that have very little outlay and your profit margin is good. And you're selling services and things to people that are selling for big amounts like $100+ or more. And you are selling a lot of them. Then there is no real limit and cap on how much you can earn. Some freelancers are earning 5x more than their boring day job wage used to be. Some more than that. Most can earn double or even triple that with a lot of success.

    However, one thing you can do is do a little research first into whether or not you can make money as a freelancer. Whether or not you can make money from the skills and abilities or talents you have as a freelancer. To find out how much those other freelancers who have the same skills as you are earning.

    And one great way to do that is to use question and answer sites like Quora and Yahoo Answers. For example. One could search on Quora for "how much money do SEO freelancers make?" Here you can find quite a few very niche questions asked with some good answers in them to get an idea on that. You could search something like "how much money do writer freelancers make?". Replacing "writer" with whatever your skill is. You can do the same thing for Yahoo answers and you can find reports and white papers and things too in the answers. There is sometimes some fluff and more on YA than Quora but generally Quora is fluff free so it's why I recommend/mention it for this reason/purpose.
    Q7: How Much Money Can I Make Freelancing?

    And of course. The SEOClerks Community Discussions as well! An Amazing place to ask such questions based on your skills. This is because there are many fully skilled and experienced veteran freelancers here who love to share their knowledge and tips to people that ask intelligent questions like this!

    But you should think about and add up on paper or in your calculator, how much money you'll need each month to pay for the things you need like rent, mortgage, bills, shopping, broad band, Netflix, incidentals etc. Will what you earn from your freelancing be enough to pay for these bills and have some left over.

    Or will there be too much month left at the end of the money?

    The simple reality is, there are many people out there that don't have many life skills let alone skills in something else. And don't really qualify as a role model citizen or have anything about them that makes them some what interesting and even popular. But they do have some skills and are fast learners, determined and confident and can get paid for those skills by someone who doesn't want to to it by their self. Which is a lot of people as it turns out.

    Doing The Math

    So that was the explanation and here's the math because I like doing the math part sometimes don't you? After all, freelancing is basically chasing numbers. So much so they could rename it chasing numbers. Because you're chasing the paper aren't you. And that's the whole reason you've stuck into reading this up to now isn't it? Good on you! You're not a skimmer! Skimmers only get the fat. You're going to get the meat and that's a skill that qualifies you to be put into the "Will possibly go far" and the "one to watch out for" box.

    But let's say that you need to bring in around $1000 a month. Enough to pay all your bills and have some left over to go towards a holiday or a new computer so you can work faster and better. And then let's say you sell a service of some sort as a freelancer for $50. You would need to sell this service 10 times a month to earn your $1000.

    Ask yourself: Could I sell my service 10 times a month?

    That's roughly 1 sale for every 3 days. Sell a service for $10 and you'd need to sell it 100 times of course to earn $1000. But you might sell more of these than you might your more expensive service. But say you sold 3 services per day every day for one month from $10 to $50. That means you could earn anywhere from $100-3000 per month.

    These numbers aren't that hard to reach if you can do it either. Become bigger, sell more services, and you could earn even more. To put it into perspective for you, some of the top freelancers on SEOClerks earn up to $25000 per month. However, this is because they have a lot of sales/clients and that means they are ultra busy!

    You have to ask yourself then if you can keep up with the demand of all those orders?

    You may have to outsource, and this carries its own risks, but can you do it all on your own? If not, then you really need to find some good other freelancers that you can outsource some of your work to otherwise you're going to be later delivering orders and that will result in upset clients and a dwindling of sales and revenue!

    What about our other freelancers here? What can you tell the rookie freelancers out there about how much money they can make?

    What would you tell them if they asked you this question personally? Q7: How Much Money Can I Make Freelancing?

    #Freelance #Freelancing #Money #Earnings #Success Freelance
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    Webguy2024

    Webguy2024

    Earning money as a freelancer is only limited by your perseverance, marketing and your desire to succeed. The Seoclerks platform is a very powerful free tool which gives everyone an equal opportunity to sell and promote their services online. While this website has massive traffic which eases some of the burden of marketing costs it is in a freelancers interests to continue to market their services anywhere and everywhere possible to increase sales further. Simply put, freelancing is a business. The costs associated with running an online business even when using a third party website do not go away and should not be ignored or neglected. Every freelancer should be using social media, creating great content, getting backlinks, using their affiliate links and more to promote their services. The more you do the more you'll earn.
    10 years ago

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    idealmike

    idealmike

    Right on the money Webguy! I like how you used a few key words there as well of perseverance and desire. Because those two things combined can produce great results when used together. First you must have a desire, you must be hungry for it! And second you must have perseverance too. Nobody that was successful ever gave up. Else they wouldn't have become successful. Sure you might have a few setbacks but you don't use them as a stumbling block you learn from them and wisdom and knowledge is worth more than all the money in the world. In that the more of it you have the wiser and more powerful you become. After all, knowledge is power. Freelancers learn that knowledge and use that to power their homes lol Q7: How Much Money Can I Make Freelancing?
    10 years ago

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    anwebservices

    anwebservices

    Making money as freelancer is not limited to anything i guess. Only limit is your personal imagination and how prepared you are to dedicate your self to freelancing and customer needs. As freelancing is large spectrum of services freelancer can provide, there is many many possibilities to choose from. However, every freelancer can learn from others how to survive in freelancing world.
    10 years ago

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    idealmike

    idealmike

    Yeah that's a good point actually. There are two types of people in the world. There are those people that learn from other peoples mistakes. And then there's the rest that learn from their own mistakes. Some learn by doing and some learn by watching what others do. But yes there are many different opportunities for all ranges of people from all around the world to make money by freelancing in some way and for some it can be life changing!
    10 years ago

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    Lynne

    Lynne

    Mike you have given some really excellent tips and ways to find out how much money a freelancer can make.

    It is really important to make sure you can make it. I loved your saying of too much month at the end of the money, that is just an awful way to live. I've been there and it is horrible.

    I do think that really the only limitations are the ones you place on yourself. Freelancing can be incredibly profitable. Of course this won't happen overnight or without some really hard work.
    10 years ago

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    vinaya

    vinaya

    You have a point. The results do not come overnight. You need to have patience. I started working as an online freelancer (I was offline freelancer previously) in 2010, and I first received money only in 2012. If I did not have patience, I would have quit and never made this far.
    hard work is also necessary. I am based in Asia and my clients are in the US. I remain awake the entire night to communicate with my clients. If I don't do this, I will never have any jobs.
    8 years ago

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    Everett

    Everett

    Basically I think the earnings are limitless, and based upon what your skills are and how often you have free time to get things done. For me, I have no time really, so I have to make time when I don't have any. I will be absolutely fine with $1k a month from freelancing, it's enough for me to live comfortably, and if I want to make more than I will take the necessary steps to do so. In the future my goal will change to at least $5k and hopefully by then all the work i am doing now will pay off in the future and I will hopefully have more free time as well. Freelancing can be quite time consuming, always try to manage the time.. remember that and you'll be good.
    10 years ago

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    vinaya

    vinaya

    How much money you can make through freelancing depends on your your skills and knowledge. If you have multiple skills for instance, you can write articles, you can do graphic design , you also have knowledge on programing, you can earn more. However, if you are limited to one skills, for instance writing articles, you have limitation on how much you can earn.
    9 years ago

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    Corzhens

    Corzhens

    I have been freelancing for quite a time now so I have a clear idea of how much I can earn in a month. It can be from $10 to $100 depending on the availability of opportunity to earn. I have noticed that freelancing has a season too that when it is off season, the earnings tend to go down. In my first time to experience a slide in earnings, I was really downhearted and had thought of quitting. It’s really a pain when you are hit by a low rating that affects your earning capability. But then, there was a time that so many opportunities went my way that I had to add 2 more hours for my freelancing just to fulfill all the work.
    8 years ago

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