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I am to retire in 5 years time and I'm already preparing for that because I cannot imagine myself to be idle and not earning. I cannot consider myself an expert in writing but I can say that I'm good enough for an average freelancer. However, my daily earnings cannot be compared with my present salary since I only earn a dollar or 2 from my freelancing. In fairness to me, I only spend an hour a day understandably due to my office job. Now this question, can I earn more than $20 in a day if I will go full time in my freelancing? That amount can cover my daily expenses so my retirement pay will not be depleted.
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TommyCarey
When I started off as a freelancer, I was just trying to make some extra cash and eventually, it turned into a full-fledged business. I didn't expect to make millions overnight, but in time I was making enough to pay all my bills and a little extra for going out with friends and saving up.
A lot of freelancers will quit their jobs as soon as they start making money online, which I would never recommend. What you'll have to do is build up your earnings over time and become an authority on whatever it is you're doing.
What you should do:
Setting up your own freelancing website so you look like a full-fledged business will give you an authority within the nice over time. It won't come right away, but it will come eventually if you keep at it Having your own website up and running for your freelancing service will make it so you don't have any competitors on the same site, selling similar services. You will get all the sales and not have to share a percentage with the platform you are on. However, you will have to pay for the design and hosting for the site, but that can be a small investment since you can use cheap hosting along with a premium WordPress theme and keep everything under $100.
When you have everything set up and optimized, you will now need to start advertising it. You won't get a bunch of traffic from the search engines right away because you're just too new right now. Advertising your site at the start, will get you your initial sales and bring in some profits. You will then need to bootstrap everything, re-investing your profits for more advertising, and make more sales. When you start to plateau, you can then start up a new website for a different service, and build that one up as well.
Over time, you will notice that you'll have 2 websites bringing in some cash and then 3, 4, 5, etc. The profits you can make from a month to month basis is only limited by you. If you stay diligent and constantly add content as well as optimize your ads, you can get traffic to your websites and keep it coming back through your email capture system
As for retirement, it's definitely possible to just sit at your house and set up some orders or even pay someone else to do the work in your place, and you keep the profits. One of my favorite ways to make money online is to be the middleman, this is because I can work with some of the best service providers around the world and my name is still on the work that is being done I pay them to do the work and I get all the glory Being a middleman helps everyone out, you will get paid as well as the freelancer you're working with and the buyer will be happy with the results lol. If you're running something like this, you won't really be in retirement unless you can get a team set up to do the work as soon as it comes in, and all you have to do is collect a check at the end of the day. I'm still trying to set up this type of system so I can just get paid while managing a team, but it's extremely difficult to get enough dedicated team members to do quality work in the shortest amount of time. Freelancing can definitely make you a good amount of money and replace your full-time job :D When I started off as a freelancer, I was just trying to make some extra cash and eventually, it turned into a full-fledged business. I didn't expect to make millions overnight, but in time I was making enough to pay all my bills and a little extra for going out with friends and saving up. A lot of freelancers will quit their jobs as soon as they start making money online, which I would never recommend. What you'll have to do is build up your earnings over time and become an authority on whatever it is you're doing. [b]What you should do:[/b] [list][*]Set up a website for your services[/*][*]Optimize your website for the search engines[/*][*]Add massive amounts of content to your website[/*][*]Never stop adding content[/*][*]Add an email capture system like MailChimp and send out newsletters once a week[/*][*]Keep your customer service top notch[/*][*]Always over deliver on orders[/*][/list] Setting up your own freelancing website so you look like a full-fledged business will give you an authority within the nice over time. It won't come right away, but it will come eventually if you keep at it :) Having your own website up and running for your freelancing service will make it so you don't have any competitors on the same site, selling similar services. You will get all the sales and not have to share a percentage with the platform you are on. However, you will have to pay for the design and hosting for the site, but that can be a small investment since you can use cheap hosting along with a premium WordPress theme and keep everything under $100. When you have everything set up and optimized, you will now need to start advertising it. You won't get a bunch of traffic from the search engines right away because you're just too new right now. Advertising your site at the start, will get you your initial sales and bring in some profits. You will then need to bootstrap everything, re-investing your profits for more advertising, and make more sales. When you start to plateau, you can then start up a new website for a different service, and build that one up as well. Over time, you will notice that you'll have 2 websites bringing in some cash and then 3, 4, 5, etc. The profits you can make from a month to month basis is only limited by you. If you stay diligent and constantly add content as well as optimize your ads, you can get traffic to your websites and keep it coming back through your email capture system :) As for retirement, it's definitely possible to just sit at your house and set up some orders or even pay someone else to do the work in your place, and you keep the profits. One of my favorite ways to make money online is to be the middleman, this is because I can work with some of the best service providers around the world and my name is still on the work that is being done :D I pay them to do the work and I get all the glory :) Being a middleman helps everyone out, you will get paid as well as the freelancer you're working with and the buyer will be happy with the results lol. If you're running something like this, you won't really be in retirement unless you can get a team set up to do the work as soon as it comes in, and all you have to do is collect a check at the end of the day. I'm still trying to set up this type of system so I can just get paid while managing a team, but it's extremely difficult to get enough dedicated team members to do quality work in the shortest amount of time.
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