By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

vermoxonline.com

  • Lifestyle
    LifestyleShow More
    4th of July Recipes You Can Whip Up in 30 Minutes or Less
    12 hours ago
    Electric Scooter Technology and Innovations
    3 days ago
    The Productivity Tip You Need, Based on Your Enneagram
    5 days ago
    All of The Starbucks Fall Drinks, Ranked
    5 days ago
    Solo Travel Tips I’ve Learned From Years of Traveling Alone
    2 weeks ago
  • Finance
    FinanceShow More
    Time Blocking: The Productivity Method Successful Women Swear By
    10 hours ago
    How My Husband and I Reconciled Our Different Spending Habits
    1 day ago
    Productivity Tips for When Summer Is Calling Your Name
    3 days ago
    How To Identify Toxic Productivity and Avoid It
    3 days ago
    Meet Evernote: Our Best Kept Secret for Staying Ahead of the Workplace
    5 days ago
  • Sex
    SexShow More
    Squirting and Other Sex Misconceptions, Debunked
    9 hours ago
    Social Distancing Doesn’t Have to Mean the End of Your Sex Life
    6 days ago
    Why Are Milenials Having Less Sex?
    6 days ago
    What to Do If Your Partner Doesn’t Go Down On You
    7 days ago
    What a Dry Spell Taught Me About Sex
    1 week ago
  • Sport
    SportShow More
    I Grilled a Top Los Angeles Trainer For Her Workout Tips
    10 hours ago
    Is a Pre-Workout Supplement Necessary?
    1 day ago
    The Sculpt Society’s Megan Roup Shares 2022’s Fitness Trends
    2 days ago
    6 Ways to Feel More Toned By Tomorrow
    4 days ago
    Workout Benefits More Important Than Burning Calories
    4 days ago
  • Tech
    TechShow More
    iDPRT ZP200 review
    12 hours ago
    Electric Scooter Technology and Innovations
    3 days ago
    Sage Bambino espresso maker review
    3 days ago
    Streamplify USB mic review
    4 days ago
    Ninebot KickScooter D38E review
    2 weeks ago
  • Contact
  • English
    • Русский
    • Українська
    • Polski
    • Deutsch
Reading: How To Make the Full-Time to Freelance Transition
Share
Notification
Latest News
Squirting and Other Sex Misconceptions, Debunked
Sex
Time Blocking: The Productivity Method Successful Women Swear By
Finance
I Grilled a Top Los Angeles Trainer For Her Workout Tips
Sport
4th of July Recipes You Can Whip Up in 30 Minutes or Less
Lifestyle
iDPRT ZP200 review
Tech
Aa

vermoxonline.com

Aa
  • Lifestyle
  • Finance
  • Sex
  • Sport
  • Tech
  • Contact
  • English
Search
  • Lifestyle
  • Finance
  • Sex
  • Sport
  • Tech
  • Contact
  • English
    • Русский
    • Українська
    • Polski
    • Deutsch
vermoxonline.com > Finance > How To Make the Full-Time to Freelance Transition
Finance

How To Make the Full-Time to Freelance Transition

Patterson Jennifer
Last updated: 2023/01/31 at 9:48 AM
By Patterson Jennifer 1 week ago
Share
8 Min Read
SHARE

When I tell people I work as a freelance writer, the most common question I’m asked is about how I manage with an inconsistent income. The thing is, my income isn’t all that inconsistent. Yes, I make varying amounts of money each month, but generally, I know what range to expect and make consistently more than I would at a salaried job. This setup works well for me, but it took time to get here. 

Contents
I Built A Freelance ResumeI Found Clients Before QuittingI Took on Part-Time WorkI Had an Emergency Fund

Making the leap to full-time freelancing is scary for anyone—no matter how much experience you have. I had a savings safety net in place, but I couldn’t help but worry about how fast those savings were going to dwindle. It’s very fair if you’re wondering how on Earth you’re going to pay for rent, food, and transportation. Not to mention the biggest money concern that all soon-to-be freelancers have—health insurance. 

The good news is that with a lot of work and patience, I soon began to not only make as much as I did at my last full-time job but much more. The fears I had were reasonable, but I’m happy to report that I now know that my current income ceiling is so much higher than when I worked full-time. I’m not a big fan of gatekeeping career success—so here’s how I made the full-time to freelance transition without going broke.

I Built A Freelance Resume

While the experience you gain from having a full-time job does translate to being good at freelancing, many clients like to see that the freelancers they hire have experience working for themselves. This is understandable as the clients need to know that the freelancer they’re working with can manage to work with multiple clients at once, can work independently (for the most part), and can stay on top of deadlines without having a manager check in on them. 

I freelanced consistently outside of my salaried jobs from 2015-2018 (the year I quit my last 9-5 job). Not only was I able to build up a portfolio that helps me sell my services to clients by doing freelance work on the side, but I built my network which made it easier to find more work when I was ready to freelance full-time. Starting from scratch with no salary or benefits on my side probably wouldn’t have worked out all that well for me. 

I’d like to give a shout-out to site for being one of my first freelance clients all the way back in 2016!

I Found Clients Before Quitting

Because I had a robust freelance network on my side, before I even put in my two-week notice, I arranged for freelance work. This led to a small amount of overlap between having a full-time job and working for myself, but it was worth working a few late nights on freelance projects to keep the transition from full-timer to solopreneur smooth. 

I would highly recommend balancing a full-time role and freelance work for a few weeks before quitting your job. It takes a while to drum up work and get projects rolling—even after a client hires you, it can take weeks to get everything in order to start working together and even longer to get paid. By starting early while you still have a steady income coming in, you can really reduce your stress levels when you do start your first day as a full-time freelancer.

full-time-to-freelance-transition-in-article-teg

Source: Color Joy Stock

I Took on Part-Time Work

Freelancing, side-hustling, consulting, call it whatever you want—work is work. Before I quit my job, I arranged a freelance job that was more like a part-time role as it required being available for 15-20 hours per week. Nowadays, I try to spread out my sources of income much more than this, but at the time, having much-guaranteed work was a game changer. I knew I could make enough money to pay my bills while I built out the rest of my freelance business, and I still had 20 or so hours a week to do that. Taking on a part-time role may feel like the opposite of freelancing, but doing so can make it a lot easier to focus on strategically building out other areas of your business. 

If you’re always stressed about money, you’ll end up making desperate decisions when accepting new clients and rates. Having a steady stream of income until you have your feet firmly on the ground can be what stops you from having to return to a full-time job.

I Had an Emergency Fund

I can’t stress this enough—save and plan for freelancing. As I just mentioned, being stressed about money doesn’t do your freelancing business any favors. Having some money set aside in an emergency fund to help you fill in the gaps those first few months can buy you time, which is extremely valuable as a freelancer. It takes time to start a business—especially a thriving one. 

An emergency fund can also be really helpful when waiting for your first paychecks to come in. I often don’t get paid for the work I do until 30 or more days after I submit an invoice for a project, so having money already waiting for me in the bank makes it so that I don’t have to sweat it if an invoice is a bit late.  

If you’re unhappy at your job or are itching to start a new adventure, it’s hard to be patient. When my freelancing work started to pick up steam in 2015, I knew that’s what I wanted to do for a career, but I waited. It was a long and hard wait, but spending a few years building up my freelance business on the side, learning on the job at my full-time jobs, and building my savings are what made it possible to build a sustainable freelancing business that I get to enjoy today.

Patterson Jennifer 29/01/2023
Share this Article
Facebook Twitter Email Print
Share
Previous Article How to Manifest Your Best Sex Life Ever
Next Article What a Dry Spell Taught Me About Sex
Nubia Red Magic 7 review
Meet Evernote: Our Best Kept Secret for Staying Ahead of the Workplace
Tax Tips You Need if You Messed Up Your Taxes This Year
Expert Financial Advice Everyone Should Follow
Should I Quit My Job? 7 Things to Consider First

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?