Golden rules for freelancing after graduation

Golden rules for freelancing after graduation

For many reasons and in some aspects, freelancing is an advantageous option to earn a good living. The number of freelancers in the world is constantly growing. According to statistics published on September 22, 2020 on the statista.com website, there are approximately 3.2 million freelancers in France.

If you’re hesitating about freelancing after college, these tips will help you make the decision!

First, what is freelancing?

Qu'est ce que le freelancing

We talk about freelance when you decide to work on your own. You will then become self-employed.

You are therefore your own boss with greater flexibility at all levels of your work. You run a business by providing services to your customers.

You can start freelancing during your studies, as a fresh out of college graduate and you can even leave a salaried job to become self-employed.

The benefits of freelancing

Freelancing has many advantages such as:

  • be your own boss which means you can decide how you run your business;
  • work abroad : generally, freelancers can work from home or in a café, for example;
  • flexibility: you can take time off when you want and work the hours that suit you;
  • income: as a freelancer, you work for yourself and therefore you reap all the profits from your work;
  • work-life balance: you are likely to have a better work-life balance if you manage your time effectively;
  • passion : generally, freelancers are passionate about their activities.

The disadvantages of freelancing

Freelancing also has its share of disadvantages such as:

  • work alone : it is sometimes difficult to work without colleagues;
  • no sickness benefits: if you set daily rates and your state of health does not allow you to work, you will not be paid during your sick leave. It is better then to take out Geeklay Freelance type insurance to cover you in the event of health problems;
  • no benefits: you will not have access to other benefits such as paid holidays, contributions to the employer’s pension fund, etc.
  • lack of job security: you will have to look for new missions. You will therefore not necessarily have a stable monthly income;
  • lack of experience: if you start freelancing right after you graduate, you will definitely have a harder time finding work than freelancers who have been on the market for a while;
  • manage their administrative tasks on their own: you will be responsible for keeping your accounts and declaring your taxes. You will be required to perform a number of administrative tasks by yourself;
  • spend long hours there: running a sole proprietorship can involve long hours of work. If you manage your time poorly, your mental health and well-being can be impacted.

Is freelancing for you?

To answer this question, several factors must be considered. You must first master the skills of your activity, be passionate and have an entrepreneurial spirit to succeed as a freelancer.

You should also be able to:

manage your time

You must be able to manage your time so that you can work on several projects at the same time and meet deadlines.

Exercise self-discipline

By separating time for leisure and time for work. You can spend a whole day watching your favorite series, but you also have to find and retain your customers for your freelance activity.

Communicate better

You have to know how to communicate effectively because it will play an important role in finding clients for your future missions.

Manage your finances and budgets

Before embarking on freelancing, it is important to know the basics of financial management of a sole proprietorship.

Acquire other skills

Accounting, negotiation, prospecting and sales techniques are important skills to have when you are a freelancer.

Our key tips for gaining experience

Golden rules for freelancing after graduation

Whether you are employed or freelance, having experience in your field of activity will allow you to obtain better positions and therefore better rates of pay.

A client will be more likely to trust you and offer a good rate of pay if you have experience.

If you’re a recent graduate and don’t have enough background, here are some tips for gaining work experience:

Offer your services to those around you

You can bring added value to the projects of your friends and relatives by offering them services, sometimes even for free. So you can build a portfolio.

If someone in your network wants to create a website and you’re a web developer, do it for them!

Offer your services to a charity organization

If you are a web editor, you can, for example, write web content for a non-profit association.

Create a blog

If you are a journalist, photographer or graphic designer, blogging is a great way to showcase your skills.

Expand your network

Attend networking events to make contacts. This can help you find new leads and paid assignments fairly quickly.

Be present on social media

Use the power of social media to promote and grow your business!

Social media platforms like Instagram, Facebook or Pinterest can allow you to create a portfolio for your work.

Make sure all your social media accounts are consistent with your brand image (logo, name, etc.). This will allow potential customers to find and recognize you.

Be aware, however, that social media takes time and commitment to be truly useful to your business. You must therefore invest time and even a little money at the start to be able to benefit from it in the medium and long term!

Register on freelancing sites

There are many freelance websites where you can create a profile to start finding clients. The most popular platforms for freelancers are:

  • Fiverr.com
  • Peopleperhour.com
  • Upwork.com
  • Malt.fr
  • Freelancer.com
  • Cremedelacreme.io

Once registered, you can create a profile to connect with clients who are looking for freelancers.

Freelance websites are also a good way to research your field. You will be able to get an idea of ​​the skills of your competitors and the expectations of customers.

You also have the possibility to consult the prices charged by other freelancers with similar experience to yours.

Going into freelance: is it important to have mutual insurance?

Whether beginners or experienced, many freelancers do not plan to have health insurance. However, this coverage allows you to have better coverage in the event of high health costs, to benefit from appropriate care without worrying too much about the costs and to have protection for your family.

Subscribing to mutual insurance as a freelancer also allows you to cover your spouse and/or your child(ren) in the event of unexpected illness.

In addition, it is very advantageous if your spouse is also TNS (self-employed worker), or if he (she) does not benefit from complementary health insurance.

HEYME Freelance: a mutual adapted to self-employed workers

At HEYME, we offer guarantees that cover:

  • hospitalization costs;
  • routine care;
  • optical care;
  • dental care.

You can adapt your health insurance according to your real needs thanks to reinforcements:

  • dental: better reimbursements on prostheses and packages on implantology and periodontology
  • optics: better reimbursements on frames, lenses, contact lenses and partial coverage for eye surgery
  • overruns included: better reimbursements of medical fees/acts, flat rate for a single room, alternative medicine flat rate.

In the event of illness or accident abroad, you can benefit from repatriation assistance. In addition, daily life assistance covers expenses incurred following hospitalization such as transport to hospital, accommodation costs for a loved one, childcare, etc.

👉 I discover the mutual HEYME Freelance!

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