What are your income goals or preferences as a freelancer?

coolavender Level 1

October 15, 2017, 7:30 pm

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What are your income goals or preferences as a freelancer?

I am currently working for a freelance writing site that pays a moderate fee per written word. It is probably not as high paying as the writing jobs one can find on sites such as Freelancer or Upwork, but the writing jobs do not require bidding, the site pays consistently, and the writers can work continuously and decide how much work to take in a day. I'm fine with this arrangement as this means earning cash consistently.

How about you? Do you prefer to always aim high and wait till you acquire clients who are wiling to pay your best rates or would you settle for a lower paying but regularly occurring job where you can put in more work to achieve your daily income goals?

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peachpurple

peachpurple

May I know what is the site? It sounds a good way to start earning with minimal income. I wanted to try at Upwork but haven't receive any order yet. Hence, I am focusing on forum sites which pays $5 in every 4 days

7 years ago

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DarthHazard

DarthHazard

I am just doing paid posting on the side to earn a bit of extra disposable income to just spend on stuff online and other things. I am managing to make around $5 every 2 days these past few months although I was managing $5 a day before that. Unfortunately, some forums were disabled from PostLoop so my earning opportunities have reduced a tiny bit.

7 years ago

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Pixie06

Pixie06

If I can't find any other works to do then I will prefer to work on a daily basis even if the pay rate is much lower. I know that it will take me longer to earn but at least I we be able to earn something instead of waiting for someone to pay me a much higher rate.

7 years ago

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TheArticulate

TheArticulate

That's something that turns me off of online freelancing, especially in writing. People are willing to take lower prices because there's so much competition, which makes the gigs seem so undesirable to me. With this comes the decrease in quality of writing too, especially if you're looking to pay bottom dollar for someone's writing.

7 years ago

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Authord

Authord

Yeah, you're right, half bread is better than none. I will also go with the available, Because when the preferable is not available, then the available becomes the preferable. In this that's what will interplay, and I don't like staying idle, so I will take the lower pay, while I wait for the higher ones.

7 years ago

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Corzhens

Corzhens

You reasoning is for survival but on the contrary that kind of stand with freelancing encourages clients to lower their prices for the offered job. If freelancers will stick to the high prices then life of freelancers will definitely improve in terms of income from the work that we do. Business is always dictated by the law of supply and demand so maybe we start with ourselves in demanding a higher price for our work.

6 years ago

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kgord

kgord

I haven't set goals for my freelancing, because whenever I do I don't actually make them. I think that setting goals is good, but make sure they are specific and manageable and not too lofty or you may become discouraged. This is well known in goal setting.

7 years ago

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Tronia

Tronia

Yeah, that is why we should always make realistic goals. First you should set lower goals just so you can reach them and use it as a motivational tool.

After you see that you can set higher goals you increase them and so on. You shouldn't be discouraged by failure.

I love to set weekly and monthly goals so I have some sort of idea about how I am doing in terms of income.

7 years ago

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TimothyAlex

TimothyAlex

I work for a site like this too. However, I have contracts with a few agencies and work through other sites that pay much higher. The benefit of working through a "content mill" is cash flow, not income. You know with certainty that you are going to consistently receive a few hundred dollars every week with minimal effort. On the other hand, while my agency contracts pay much more, I only get paid once a month and have to wait for a check to be cut and mailed.

7 years ago

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Barida

Barida

Consistency is important when we decide on the jobs that we want to settle on. I mean by ensuring that we have that job that makes inflow of income consistent is necessary to save more.

7 years ago

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Barida

Barida

I enjoy the power of consistency and that is what earning often no matter how low the pay will. I work on a site that I enjoy writing on and enjoys writing there no matter the cost of writing on that site. I feel that I'm a born writer.

7 years ago

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TheArticulate

TheArticulate

If you're passionate and love what you do, I can see why a price wouldn't necessarily matter for you. As long as you're making something for doing what you love, why not, right? I used to feel that way about video when I was first starting, but as I progressed in skill and gained more clients, I started feeling like I needed to charge what I was worth. It became more of a job than a passion for me after a year or two of doing that, and I hope that does not happen to you with your writing!

7 years ago

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Barida

Barida

That's the point I was trying to make. I enjoy writing for it has been a way that I express how I feel. One thing again is that I don't really check some prices as long as I'm giving that chance to make those writings on some blogs that I work on.

7 years ago

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Tronia

Tronia

Well, I personally don't have daily income goal but rather a weekly and monthly. I think that if you are a complete beginner then you should be working for lower amounts since you have to establish a good reputation and reviews.

But once you have that set, you can probably raise your standards and expect better rates.

I combine different methods such as writing, having my own blog and so on.

7 years ago

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TheArticulate

TheArticulate

This is exactly what I did while building my offline business. I did some really cheap jobs to get my portfolio built up and make connections. As soon as I had a good base, I upped my prices to match what I felt I was worth. It felt to good to see that when I started charging what I was worth, clients were still coming to me steadily.

7 years ago

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Corzhens

Corzhens

My priority in freelancing at present is the learning that I get not only from improving my written English but also in knowing the ins and outs of money-making in the internet. I am not much for the money since I have an office job for my finances. And although my online earnings are pretty small and can be considered coins, what matters to me is the enjoyment I get especially with forums that are friendly and interesting.

7 years ago

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TheArticulate

TheArticulate

Sometimes the best return on investment is something other than money. I've seen you posting for a while now, and you consistently talk about how your main goal is to improve your written english, and I truly believe you! I think that's a great thing for you to be doing for yourself and for your second language, so I see why the money is just a bonus.

Going into something with different motives can change the way you approach your job or what you do, which can be an eye-opening thing. Keep up the good work, Corzhens!

7 years ago

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Soulwatcher

Soulwatcher

I haven't got into freelancing yet, I have been working for myself. Having said that it doesn't sound like there is much money in freelancing. I couldn't imagine working for less than $100 a day and even that is not much these days. By the time you take out taxes and expenses you are hardly making anything.

7 years ago

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TheArticulate

TheArticulate

This is something that took me a while to get used to in terms of online freelancing. There are so many people vying for these online jobs, that demand for people isn't particularly high, which means potential profits are pretty low on most jobs, especially in writing and SEO.

I'm like you, I worked for myself offline (and I still do quite frequently) before I approached online freelancing. Online, I'm making several dollars a day while freelancing through video, it's not uncommon for me to make in the ballpark of $800 to $1,200 over the course of a weekend. Unfortunately, wedding season is slowing down, which means my offline gigs are pretty sparse until middle of next year when the weather is more accommodating for people.

7 years ago

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saygorem

saygorem

My income goal would be hopefully to earn money online regularly. This depends in my work and I can strive hard to earn more. I am also doing online jobs and I am happy that it bear the fruit of my labor. Thanks to forums like this that I can earn anywhere, and anytime. Thanks guys.

7 years ago

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TheArticulate

TheArticulate

Forum posting is nice because given posting limits and your ratings, etc, it's easy for you to calculate roughly how much you can make each week from posting regularly. It's always good to diversify, too. Check out some other online income sources to couple with your forum posting and maximize your monthly online income!

7 years ago

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augusta

augusta

I prefer to earn consistently and every day too than waiting for high paying clients.Looking at logically, waiting to $50 job after 5 days and one working $15 per day for the same 5 days do better than you because at the end of 5 days it will add up to $75 dollars.So working consistently with a lesser pay is better.

7 years ago

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TheArticulate

TheArticulate

In some cases yes, I agree with you. But only with your example. Not everything will work out that way, and sometimes I think it does pay to wait for a better paying job than putting yourself through the effort and time to produce something for way less than you're worth. In the end, money is money, so I can't argue with that, but for me, waiting has paid off at times.

7 years ago

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overcast

overcast

Currently I am working harder on reaching 100$ a day. But yet to reach that goal consistently for a month or so. It seems to be only 1 day randomly out of the year. That seems to be the only case when this turns out to be true. But it is definitely something achievable. So that is another thing that may work out. People need to understand the goal as a freelancer and they have to reach them based on the clients. It works out some of the time but life is random with freelancing.

7 years ago

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Soulwatcher

Soulwatcher

May I ask how many hours a day you're working to make $100 a day? I think a $100 a day is a good goal and depending on where you live you could have a very nice living. The only time I made $100+ a day is when I had a regular hourly job. I would love to make $100 a day off of the internet if I didn't have to kill myself to do it.

7 years ago

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overcast

overcast

I don't have any specific guestimate. I only earned affiliate income through shareasale and that gave me 100$ a day. Apart from this just struggling to get that amount. No active jobs online can reach that amount. so it is kind of disheartening at points. My regular job pays me around 25$ an hour. And that too with 6 hours of work daily. So it can be hard some of the times to reach that target online.

7 years ago

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TheArticulate

TheArticulate

How do you go about your affiliate marketing? Do you have a blog with good traffic that you use, or do you promote brands and things through forums and social media instead? I've read a little bit about affiliate marketing, but haven't ever taken the initiative to get started in it.

7 years ago

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overcast

overcast

Yes. I am doing through blogs. And I get some decent traffic. But some of the time I also have the chargeback loss. So I guess I have to constantly update the blogs. I have invested some amount of time trying to get traffic through social media. But as of now it is not leading to conversion quickly. So far relying on google organic traffic. And it is working slowly but yeah some conversions here and there helps out.

7 years ago

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explorerx7

explorerx7

I would like to know the name of the site you referred to. I appreciate that there is no bidding involved. I have no problem with participating on site that may offer reasonable and cosisteng rewards. This way, I will be able to set my goal and work towards it. It can be very frustrating when a site may offer a reasonable amount of work at first and then the opportunity gradually diminishes. I have had this experience with Postloop. There were a good amount of work at the beginning but after a while the number of posting opportunities were diminished because the qualifications for participating on some of the forums in which I was involved was upped which had automatically disqualified me posting on those forums any more.

7 years ago

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coolavender

coolavender

I have no problem sharing the name of the site but I don't see the point in doing so because it's a freelance site that only accepts local writers. We are paid in the local currency and though they take Paypal as payment processor, the exchange rate may not be all that attractive to people from other countries.

A diligent and productive writer who regularly claims writing assignments from the site can expect to earn a decent monthly pay. The work, however, requires a lot of discipline because writers have to submit their work after 24 hours. If they're doing an e-book, writers are required to make partial submission of at least 2,000 words every 24 hours. It's a stable site and had been around since 2007. Working at this site provides a steady cash flow and gives me the flexibility I need to develop my freelancing career online and offline.

7 years ago

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TheArticulate

TheArticulate

In regards to my offline freelancing, I will generally wait for someone who is willing to pay my rates for my work. I will negotiate my pricing to an extent, but I refuse to put my time and effort into producing something for less than I am worth. I know this is different than your online writing, though. My services are generally sought after in my area, and there aren't many other professionals who do what I do locally, so I can afford to wait and charge what I think I'm worth.

When it comes to writing or transcribing online, which I've done a bit of already, I don't mind grinding away a bit to meet the goals that I want, but it's not something I can do regularly. I think the reason behind that stems from my time as an offline freelancer.

7 years ago

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DarthHazard

DarthHazard

I think it is important that you try and adapt to the market. If you are struggling to get clients and customers then it may be wise to actually reduce your prices a bit. There is no point sitting around and not earning anything just because you are not getting the amount you want. You might as well reduce your asking price a bit to get some customers for now and then increase your prices when the market improves.

7 years ago

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TheArticulate

TheArticulate

This is exactly how I build my customer base doing video and photography offline. My first wedding was done very, very cheap for a friend of mine so I could have a portfolio pieces to start marketing myself with. I raised my prices slightly so I was making more for my work, but I was still lowballing all of my local professional competition.

This allowed me to find a niche with couples who wanted video for their weddings, but couldn't afford the high end videographers in town. In return, I was able to buy better equipment and build experience along the way, and I've been steadily increasing my prices ever since then!

7 years ago

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iamawriter

iamawriter

When I started writing online I never had any goal. The fact that I got the opportunity to write was a big thing for me. Much water has flowed under the bridge since then and must say I have earned much more than I ever thought. For me being online is more to interact at a global level that gives me great satisfaction and this money I earn is actually I could call a bonus

7 years ago

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TheArticulate

TheArticulate

This is the exact same way I approached both my offline and online freelancing. I didn't really put a dollar amount on my work at first while I still got a feel for the environment, and as I progressed and realized how much I might be worth, I started marketing myself accordingly.

As with anything, I think it's about figuring out who you are and what you're worth on any given assignment.

7 years ago

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Heatman

Heatman

We both have the same business freelancing mind set, I started off fully as a full time freelancer on the 6th of August 2017 and I can proudly tell you that I have made close to $500 being a consistent writer. And the truth of the matter is that I do it at my own space of time without feeling pressure from anyone in the name of my boss. I'm a boss of my own when it comes to freelancing and I would ever be grateful to @Barida who introduced me to the job.

7 years ago

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Authord

Authord

My income goal is too make as much income, that will be able to fend for me, even when I decide to stop working, the income I generated, will keep me going for some years. And if possible the income will not cease to flourish, it will keep on coming and coming till I feel sick of it.

7 years ago

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vinaya

vinaya

I will like to have long-term writing assignments. Instead of working with various clients, I want a client that offers me regular writing jobs. I also like to have more website designing jobs and more SEO work. Web Designing and SEO work take less time to complete but pays more than writing. I also have a handful of blogs and websites. I want my sites to earn me passive income.

7 years ago

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Judas2018

Judas2018

As a freelancer you really want to make as much money as possible. That's the goal, but more than that... consistent money. It's always great to get a big order for a big sum. But the goal (for me at least) is to get orders for a certain amount of money every day or every other day. Thus the money accumulates and keeps coming in. That should be everyone's goal imo... to have a month of daily consistent sales. Instead of just 1 or two sales every month.

7 years ago

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Everett

Everett

@Judas2018, very well said!

My ultimate income goal is to live comfortably. Now, this may seem like a goal with many different meanings in terms of freelancing, and it is! My goal is to work online, do what I love, and have enough money to feed, cloth, and live without any worries of where my next dollar is going to come from. Doesn't seem to demanding, does it? LOL.

I am at this point building a business for myself, which I believe is working out okay, even though I haven't had sales in last couple of days, or in over a week but it is totally fine! I use this time to research, code, and to update my websites. I see this as my 'down' time. Surely it would be nice to get about 10 sales per day, but sometimes that is extremely exhausting especially when you are not only working on your own site, but also 10 different people's website as well. My monetary goals are about $1k per month, and a maximum of $3k per month. I love to start goals large, so i can learn from the time invested into these goals so I can further my education on certain topics related to my goals such as marketing, advertising, programming..

7 years ago

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Baburra

Baburra

I'm in the process of building my reputation online so I am just taking jobs where I can get it. I don't mind working cheap as long as I can build my portfolio and credibility to a high enough level that I'll be able to get a good amount of pay for every task I complete. My goal is to just be able to work from home and that's about it. I'm not really expecting to get rich off of working online but hopefully I can get a substantial amount from it.

7 years ago

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potentialwriter

potentialwriter

My income goal as a freelancer is to make not less than $100 daily working at home. As a content writer for over 10 years, I simply write out of passion, but do it with pleasure. So, I do what I enjoy doing at the comfort of my home. Since I started, I haven't made more than $15 in any work day, but believe I can still work and earn not less than $100 a day which is probably not less than $3000 a month.

7 years ago

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tiffiecute

tiffiecute

My income goal is at least earning $10 a day. That's fine with me since I have my main job which is in a law firm. I still take much time working online since I'm happier here and I feel productive when I earn online.

Money is important but it's not the center of my life. If it was, I would not have resigned from my 6 figured job in the past.

7 years ago

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ColdFlameChris

ColdFlameChris

For me, My income goal is at least $10 a day but I haven't met that goal for a while now as I got busy with other things. I want to at least achieve this goal starting next week and hopefully, I can generate that income from the small things that I do online. I also do online transcription but since there are things that I still need to learn, I'm far from achieving my goal for now but hoping to improve and be like others who can easily earn $20 a day in this industry.

7 years ago

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mildredtabitha

mildredtabitha

I am currently not having a stable freelance job since I have been working for few sites and still trying more. Since the jobs are not always available and with high competition, it takes a while for me to adjust and start writing for a completely new site. So my target will be $10 a day when I write articles and maybe change my freelance goals once I get a stable freelance job that I can depend on for at least a year.

Earning consistently is what most freelance workers want.

7 years ago

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vinaya

vinaya

When I began working as a freelancer, my income goal was making $1000 every month. Based on the exchange rate of my country, $1000 translates as 100,000 rupees, which is more than a banker's salary. I was able to make $800 every month but could not reach $1000 mark. Currently, I have set my income goal to $2000 every month.

7 years ago

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jaymish2

jaymish2

Setting goals is the most important thing you can do for yourself in terms of motivation. The higher your goals the harder you will push your self to reach them. In this instance being realistic doesn't help. I think it limits what you can achieve.Every great person aims to achieve something that is deemed unrealistic or impossible. Freelance success stories that I have read have one thing in common, belief and striving to achieve the impossible. I've seen people earn $100,000 and more per month. My goal.for now, is $40 per day. However after I achieve it, I intend to continuously review and increase it.

7 years ago

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