Freelancing is a great way to supplement your retirement income and keep yourself meaningfully occupied. You get to do something productive without the restrictions or pressures from a traditional 9 to 5 job. Compared to regular employment, freelancing affords you with more freedom and control over your work. Read our previous article about freelancing to find out more!
Here are some tips to help you adjust to freelancing.
In freelancing, you decide your workload and schedule. Hence it is best to establish for yourself how much you would like to work in retirement before starting to accept assignments. Without setting expectations, you might bite off more than you can chew and find yourself working even harder in retirement.
Finding a conducive place to work ensures that you stay on task and schedule. If you find yourself getting easily distracted at home and your workflow disrupted, consider dedicating a small area in your home as an office space. Alternatively, you can find a co-working space to keep yourself focused.
Portfolios are a way for you to show off your talents and for clients to assess your suitability in their projects. Use your portfolio to build your personal brand by including only your best works that reveal your personal style. Having an online portfolio increases your visibility and improves your chances of getting noticed by prospective clients. You can create an online portfolio at these places:
In Singapore, income earned from freelancing is taxable. Hence you will need to keep a proper account and records. Managing your finances also gives you some perspective on how much you are earning based on the amount of work you put in; allowing you to adjust the prices you charge for each completed project. Doing paperwork, accounting and invoicing should be part of the daily schedule you set aside for freelance work.
Apart from an online portfolio, there are also websites where you can promote your services on. These websites connect clients with designers and are a great way to find your first clients. You can also establish your clientele through networking and your social connections. Examples of such websites include: