One of my greatest fears as a freelancer was this: how will I make money when this contract ends? In those early days, I didn’t know where my second contract would come from. Nowadays, work still isn’t consistent, but I also worry less. I know better what it takes to land clients, leveraging LinkedIn and my network as my sales funnel.
Whereas companies have entire departments dedicated to marketing and selling their product and services, as a self-employed consultant, you have only yourself. Therefore, it’s important to carve out 20-30% of your time to marketing, networking, and selling your services.
The activities of marketing and sales include:
You can have a website, but it won’t do you any good if no one visits it. Worse — It is a time sink that takes you away from making money. I spent countless hours on a website that never went live, and all the while I still continued to have clients and business through my network’s referrals.
Both of these markets are highly active with some decent talent, having hired talent from Upwork myself. However, Upwork suffers from the similar dynamics as a used car market: it’s a bad lemons market. In a bad lemons market, the buyer doesn’t know what they are getting; and the bad lemons in the marketplace outnumber the good lemons. This ends up depressing the pricing on the market, adversely affecting the good lemons. Upwork isn’t necessarily filled with bad talent, but there is a very, very wide range in capabilities and experiences on the platform that is difficult to differentiate. This will cause prices to be depressed for highly talented individuals who can command higher prices elsewhere.
From personal experience, as an employer, I’ve only relied on Upwork for lower level work to get the best pricing, particularly in commoditized service areas. Anyone we paid top dollar for, was a referral to us from an investor, a trusted recruiter, or a fellow founder.
People get this a lot. It does not work, unless they offer it as a paid service. Be direct and purposeful when you reach out to someone. Have a specific ask and outline it when you reach out. People who do well professionally are busy. Most don’t have time to waste on nice pleasantries. Get to the point and get it done.
This “What To Do” section is built around LinkedIn, which has 1 billion users worldwide and 200 million users from the US [1]. However, the general advice applies to comparable social media websites.
This is your website. There are built in analytics tools, an audience, and a blank slate to present yourself. Make new connections and message old contacts. Beef up your resume and your portfolio with recommendations, certifications, publications, and skill endorsements. Leverage the Featured section to add in your content like posts, videos, or presentations. Use the Open to Work logo or offering services section to reach inbound interest.
Your connections are your leads. Beyond that, they are also your community. Leverage the platform to engage with old contacts and form new contacts. They will form your support system as you embark on the lonely journey of solopreneurship. Thankfully LinkedIn is not just a job search or resume, but also a very vibrant professional networking website. There are many ways to expand your professional horizon by following thought leaders, joining a professional community, and engaging conversation on interesting posts.
LinkedIn is a social media website, that is no less vibrant than Instagram or Facebook. It’s just geared towards working professionals. Be active on LinkedIn. Repost when new jobs are posted, to help someone job searching. Congratulate people on their job milestones or new promotions. Offer to help if they’re looking for work. Drop messages to catch up with folks.
If there are periods when you can’t take on new customers, then make a referral to another freelancer of firm. There were periods where I had to turn down leads because of bandwidth coming from just referrals. During that period, I helped other consultants like myself land the job. Others doing the same work are not your competition, but your network. Do them a favor that you would want done for yourself.
Even if you can’t take the job, refer them to someone who can.
Build your portfolio. Engage in the conversations that other people are posting. There are many ways to keep your skillsets up to date such as learning how to apply ChatGPT to your work or test out the plethora of new software like Notion or Figma. Spend the time to pick up a new certification or take a new online course. Lastly, read books from a wide variety of disciplines from history, sci-fi, economics, business, politics, to biographies to expand your understanding.
Neither of us went out looking to freelance. We both got started when it was propositioned to us from our former employer. This was how I got my first consulting gig, and since then my work has come from referrals from my network. Because you have brand recognition with them, you are also able to charge a higher rate.
Going solo is hard. Learning how to do sales and marketing for your business helps reduce the stress that comes with the journey. However, there is always uncertainty when you’re forming your own business. There may be periods of no work, and periods of too much work due to factors beyond your control (like the economy). Arming yourself with a strategy, tactics, and expertise to land clients can help you find success as a freelancer.
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