Career tips How to earn more in less time as a freelancer By Staff Reporter Last updated Mar 8, 2023 Feel like you could be earning more but don’t have enough hours in the day? / Photo by Photo by Oladimeji Ajegbile via Pexels Feeling distracted? Feel like you could be earning more in less time? Not enough hours in the day? Check out these tips to help you earn more in less time as a freelancer. As a freelancer or solo self-employed business owner, it’s crucial to find ways to maximise your productivity and efficiency to earn more in less time. Like most good things in life, there’s no magic formula for success, but there are some tried-and-true strategies that can help you achieve your goals. Follow some or all of these tips and see if you start to see the needle move on your productivity and your earning power. Streamline your processes One of the biggest time-wasters for solo self-employed business owners is inefficient processes. Whether it’s the way you handle client inquiries, emails or the tools you use to manage your finances, there’s always room for improvement. Take a critical look at your workflows and identify areas where you could streamline your processes. For example, you could use automation tools to handle routine tasks, or you could create standardised templates for common business documents. Invoicing is one area most freelancers can improve upon. IPSE suggests these invoicing apps for freelancers. Processes can help you put the higher-earning tasks first/ Photo by Christina Morillo via Pexels Focus on your highest-value activities As a solo self-employed business owner, your time is your most valuable asset. To maximise your earning potential, you need to focus on the activities that generate the most value for your business. In essence, the clients that pay you more or generate the most money should be your priority. Just because another client is more hands-on or needy does not mean that justifies more of your time, sometimes with little remuneration. Take a look at your current workload and identify the tasks that are most important for driving revenue or growth. These might include sales and marketing activities, product development, or client management. Put these at the top of the list and find ways to delegate or eliminate the lower-value tasks. Use time-tracking software One of the most effective ways to boost your productivity is to track your time. Time-tracking software allows you to see exactly how much time you’re spending on different tasks and identify areas where you can improve your efficiency. It is also crucial for billing by the hour. Don’t guess how much time you are spending on client emails and requests, time it! Your time is your money. There are many time-tracking tools available, ranging from simple timers to complex project management platforms. Find a tool that works for you and make it a habit to track your time every day. Start out with a free one first and if you […]
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