By working roughly 10 hours per week, I’m able to generate between 40K and 50K in net profit per year (that’s 20K-25K each for my partner and I). When you think about it, it means between $38.46 and $48.07 per hour net of taxes. I’m not even talking about the side benefit here… I don’t know about you, but I’m not making this much at my day job!
It’s not because I’m underpaid at work.
It’s because of where I’m sitting in the food chain.
At work, I’m part of the food chain. I’m relatively high up but there are still a lot of people getting paid before I can touch my pay check. When I work for myself, I’m sitting on the top of the food chain. There is nobody taking its profit before I cash mine. This is the whole point of being an entrepreneur; it’s about being the first one to cash in!
I must admit that sometimes it’s tempting to quit everything and start working for my company full time. If I was to do that, I would have to diversify my company a little bit more. The way I would do it is through freelancing.
The arrival of the internet was a real revolution for people who are looking to make more money on the side. Prior to this major technology advancement, it was harder to start a sideline. It has always been true: you needed money to make money. But today, you have no excuses; you can start freelancing today and start making money by the end of the month!
There is a fundamental principal in the universe (whoa, this is big isn’t it?) and it is that you are special because you are you. “Being you” is your most powerful marketing tool as nobody else can offer the same product as… you! This is the basic of freelancing; offer something you can do better than the average bear (that’s a French saying that I just translate directly to English 😉 hehehe!). We all have passions, we are all good at something. You don’t need to be the ultimate expert, you just need to be better than average at something. Why is that? Simply because the internet playground is big enough to have millions of players in the same industry. What will make you successful is the way you are, the way you do things, the way you are being yourself!
To be completely honest, you don’t need much to start freelancing. You need a passion, an idea that will meet people’s needs, solve people’s problems or answer people’s concerns. This is quite easy to find. Here’s a quick list of topics you may be good at and cover. I took 5 minutes to put this link together just to see how many ideas I could get in a very limited time). It doesn’t only cover internet avenues:
Interest Freelance Offer
Gardening eBook on gardening, offer Gardening classes, grow your own plants and trees and sell them
Construction Painting, small work around the house, building decks/patios do youtube videos to explain how to build things
Writing Ghost writing, commenting, researches on specific topics, editing/correcting, blogging
Art Classes, custom made orders, sell your art online, critics
Sport Sport article review, classes, youtube videos on techniques, training programs and being a trainer
Cooking Youtube recipes, blogging about cooking, make your own food and sell it, cook at home services.
Finance duh! Hahaha!
The point here is that you have the passion and there is a market for it. Then, all you need to do is to start working right away on your freelancing offer. It doesn’t mean that all the ideas listed are good enough to make a living from them. In fact, most of them will first constitute an awesome way to use your passion to make a few bucks but you won’t probably get rich with them. But you need to start somewhere if you want to start making money.
When I started blogging, I wasn’t making much out of TFB. But each time I made $10, I was telling myself how great it was to make that extra money. This is what freelancing is about; it’s about making more money. Most importantly, it’s about making money by having fun at what you do.
This is why it’s important to start with your passion or your interest. Do you really think I could write 6 articles a week about personal finance if I wasn’t passionate about writing and finance in the first place?
If you start today, you will be making a few bucks at the end of the month. You might make less of an hourly wage than you do at your day job. But you will be using your “free” time to make something constructive and profitable. At first, I was probably making 2 cents/hour… I guess it was a good deal to continue hustling until I got to $40/hour, right?
I know a lot of fellow bloggers who added more freelancing activities when they went full time. This is a very nice way to add more money to your pocket quickly. On top of that, the pay rate is usually pretty high. You can think of Corbett Barr and Adam Baker who offered consulting services on the side when they started. Their strengths range from product launch to building a strong community. There are also Sam @ Financial Samurai who’s offering whale post services and Crystal @ Budgeting in the Fun Stuff who’s offering her gourmet commenting services. Another awesome dude in this business is my virtual assistant; Martin @ Studenomics. This guy is doing everything related to blogging from writing to carnival submissions while offering keyword researches and complete blog management.
I know it’s not that obvious to start working on an idea to make money right away. It’s not that simple to find that small idea that will be profitable enough so you want to continue using your free time for it. I guess this is why Martin wrote his own step by step master plan to freelance and is offering it.
I really like reading about people who did it when I want to learn something new. After I read Martin’s book, Start Freelancing Now, I found that it was probably the best step by step blueprint for someone who wants to start making more money. It’s neat, easy to read and each section goes directly to the point. You won’t be wasting your time and will be able to have a comprehensive approach to freelance after reading this book.
If you want to start making money by the end of the month, you better grab your copy now!
So… what are you doing? Are you going to make more money in June or what?
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