How Much Can You Earn as a Freelancer?

How to earn more as a freelancer?  Nowadays, advertisements regarding success stories of freelancers who earn as much as Php 100,000 per month are everywhere on social media. Are the success stories too good to be true? Is it a scam? However, it may sound unbelievable but freelancers may actually earn more than that amount.

Freelancing is already a huge industry. People are becoming more and more aware about freelancing. Employers who create job posts on freelancing websites receive hundreds of applications in just a day. Creating a job post and applying for a job is as simple as just creating an account on the different freelancing websites. Anyone can be someone’s client and anyone can be someone’s employee online. What does it mean if an industry is already big? In other words, it is lucrative it means huge investments and profit. You’d also be surprise that some freelancers earn, even, as much as Php 1,000,000 in less than a year.

If you’re someone who’s only beginning to get involved in freelancing, the sums shown above look daunting. How do freelancers earn that much?

There are two factors that freelancers consider when deciding how much they charge for their services. These are their niche and expertise. Similarly, niche refers to particular abilities that may be either technical or non-technical, such as General Virtual Assistance, Search Engine Optimization, Web Design, Graphic Design and Copywriting, while expertise is categorized as beginner, intermediate or professional. In order to have an example of a technical niche, a client is willing to pay an expert Website Developer. For instance, a freelancer can earn an average of $25 per hour or an average of $300 per contract for a job that could be finished within a week. For a non-technical niche, an example would be Executive Assistance. A client would be willing to pay as high as $10 per hour for an expert and as low as $2 per hour for a beginner.

Of course, you may charge higher than what is indicated in the job post if you can bring more value to the employer. The freelancer success stories you’ve read are manifestations that you can earn as much as they do. Thus, being a freelancer requires a little investment. You need to buy a nice laptop, enrolled in a freelancing course to be more competent and skillful in your chosen niche. The return would be worth it because it would mean reaching your dream salary per month.