I recently came across this question on Quora. How can I grow from a freelancer to a regular business? After some thought, I realized the two were quite similar.
Running a freelance business is very similar to running a regular business.
An entrepreneur is constantly thinking of ways to improve their business. Similarly, if you are a professional freelancer who is used to working on their own and has a more flexible view of the world, it is natural to upgrade and rename your freelance business to a regular business.
Now, the question is, how can you grow to a level where you can grow from a freelancer to a regular business? What exactly do you need to do?
Every freelancer or entrepreneur can create a potential business out of their profession if they have the desire, patience, and discipline to diversify.
The First Phase of Freelancing: Grow as A Freelancer!
The first step toward transitioning from a freelancer to a regular business is to begin freelancing. Simply start freelancing as a side hustle. Once you've entered the freelance world, strive for growth and excellence.
All of your positive attitude and consistency will boost your confidence and help you build a strong portfolio. Learn to market your services as well; your strong portfolio will ensure that you get the client in one shot. While you're at it, make an effort to work on your social media presence on the spur of the moment.
You can promote yourself and your service through social media (such as LinkedIn, Facebook, Twitter, and others), as well as by blogging - you can write about your journey and your services on your personal website, which serves as your digital portfolio
Establish your Unique Selling Points
As your freelance career progresses, you will need to refocus your efforts on developing your unique selling point.
The business world is fiercely competitive; to establish a successful and profitable business, you must have more than just a good idea and a profession. You must find a way to differentiate yourself from the competitors in the market, which is where your unique selling point (USP) comes in.
Simply put, this involves creating a brand that emphasizes your core competency, expertise, and diversity, allowing prospects to avoid asking why they should choose your service.
Grow as a Micro-Business
Micro-business? Yes, you can expand your freelance business into a micro-business, then into a full-fledged business. How? I would recommend that you hire freelancers under your supervision and then distribute projects among them.
Build a team from the ground up, assembling enthusiastic freelancers who thrive on growth and are focused on expanding their portfolio. Hire and train these newbies before delegating duties to them.
The advantage is that you are growing as a person and a professional while also boosting your brand. In the meantime, you'll be upskilling the freelancers under your leadership. They will also be gaining experience and broadening their portfolio.
Sell your Service
When you've established your micro-business and have a group of enthusiastic freelancers working for you, you're ready to launch your full-fledged business, aka regular business.
Begin by selling your services as quickly and efficiently as possible, and then seek to attract additional high-paying, high-quality clients. Continue to strive and, with time and effort, your freelancing business will grow into a regular business.
It's much easier said than done! The above-mentioned process is attainable, but it necessitates a significant amount of effort, dedication, and consistency. You've probably heard the phrase "choose your hard." Everything is difficult – working a 9-5 job is difficult, building a career through freelancing is difficult, so choose your hard. However, choose what you want to do and genuinely love to do.
Where to find freelancers?
You've arrived at the right place if you're looking for the best places to hire freelancers. We understand that there are numerous freelance sites that claim to assist you find the finest freelancers available, but finding quality freelancers remains a difficult process. Gig4u, on the other hand, offers pre-screened skilled freelancers ready to take on any tasks, making it one of the top freelance platforms.
How can a freelancer become an entrepreneur?
If you're not limited to solo practice, transitioning from a freelance to an entrepreneur would be simple. As a freelancer, you work on projects on your own, and you rarely have the opportunity to scale. An entrepreneur, on the other hand, must be able to operate outside their comfort zone, hire employees, and spend time brainstorming, creating, and scaling the microbusiness.
- You must be willing to work outside of your comfort zone.
- Make your own microbusiness.
- Employ people and delegate the work to them.
- You should be able to say no without feeling judged.
Can freelancing be a business?
Many young and old professionals are asking about this topic. In today's economy, where businesses are striving to cut costs while increasing output, freelancing can help many people achieve this.
However, because freelancing work is more about making money and less about running a business. This is why many people want to turn their freelance profession into a business. If you want to turn your freelance career into a business, think of it as a business and think of ways to scale it as a business.