When I began looking for a side gig, it was important that it would have a very low start-up cost, a small learning curve, and quick to get going. I was able to find that as a freelancer.
What You Need to Get Started as a Freelancer
1 – Decide on your business structure
You’ll definitely need to figure out how you want to structure your business. The most common types are LLC’s (limited liability companies), sole proprietorships, or corporations. What you decide will determine your day-to-day operations, taxes, and how much of your personal assets are at risk. To learn more about this, visit the SBA website here. Depending on where you live, you may also need to apply for a business license.
This step isn’t hard, but can be intimidating. Don’t let it overwhelm you! Do your research, fill out the paperwork, and be on your way.
2 – Business Bank Account
Set up a bank account dedicated just for your business. Mixing your personal money with business money is confusing and just bad practice. Start out on the right foot and open an account before getting paid.
3 – Internet
Pretty self explanatory, but having a good internet connection is imperative if you want to work from home.
I have great wifi in all the rooms in my house, except for my office. I went round and round with the internet company, got a new router and modem, a wifi booster, and nothing seemed to work. Then, finally, I found someone that knew what they were talking about and said that room must be a dead zone and suggested I get a powerline adaptor. Now it works beautifully.
My point is, there are ways to increase your wifi output. You just have to find it!
4 – Computer
Again, kind of hard to work from home without a computer. You don’t need a top of the line computer, but I wouldn’t suggest trying to work from your phone or iPad.
5 – Contract
As a Virtual Assistant, you are more than likely going to be a freelancer, which means you’ll need a contract to represent both you and your client. You’ll want to make sure you protect yourself and a contract is the way to do it.
Over time I’ve perfected my contract to cover me in the ways I need it to. You’ll learn when something happens between you and a client and you refer back to your contract only to realize it wasn’t worded in your favor.
If you have any concerns, definitely get a lawyer to look over your contract for you.
6 – The Right Mindset
In order to be a successful small business owner, you need to have an open mind and devote time to work on your personal development. Being a business owner is rewarding, but it’s also hard and having the right mindset really makes a difference.
7 – Your Current Skills
Do you know what I love the most about being a freelancer? The fact that I can take the skills I already possess and use them in my business. Yes, there are still a lot of things to learn, but nothing I can’t figure out as long as I have YouTube and Google! There’s no need for expensive degrees or certifications. No one is going to ask you for those. They just want to know you have the skills to do the job.
If you’ve been looking for something to bring in extra money or to replace your current career, being a freelancer is an amazing option. You can get started very quickly with hardly no cost at all.