What do you do if you want to stand out in the payment systems contract work market?

1 Know your niche

Payment systems are not a one-size-fits-all solution. Different industries and markets have different needs, regulations, and preferences. As a contractor, you need to know your niche and target the clients that match your profile. For example, if you have experience in working with blockchain or cryptocurrency, you can focus on fintech or e-commerce clients that are looking for innovative and secure payment solutions. If you have expertise in working with legacy systems or compliance standards, you can target financial institutions or government agencies that need to upgrade or maintain their payment infrastructure.

2 Update your portfolio

Your portfolio is your best tool to showcase your past projects and achievements. It should include relevant and recent examples of your work, highlighting the payment systems you have used, the problems you have solved, and the results you have delivered. You should also include testimonials from your clients, or links to their websites or apps, to demonstrate your credibility and impact. Your portfolio should be clear, concise, and easy to access, preferably on a personal website or a professional platform.

3 Learn new skills

The payment systems industry is constantly evolving, with new technologies, trends, and standards emerging every day. As a contractor, you need to stay on top of these changes and learn new skills that can enhance your value proposition. For example, you can learn how to use new payment platforms or APIs, how to integrate payment systems with other software or hardware, or how to apply best practices for security, privacy, or user experience. You can also learn complementary skills, such as project management, communication, or business analysis, that can help you work more effectively with your clients and stakeholders.

4 Network with peers

Networking is essential for any contractor, as it can help you find new opportunities, learn from others, and build your reputation. You can network with other payment systems contractors, as well as potential clients, partners, or mentors, by joining online communities, forums, or groups related to your niche or interest. You can also attend events, webinars, or workshops, where you can showcase your work, exchange ideas, or get feedback. Networking can also help you find referrals, recommendations, or collaborations that can boost your career.

5 Negotiate your rates

One of the most challenging aspects of being a payment systems contractor is setting and negotiating your rates. You want to charge a fair and competitive price that reflects your skills, experience, and value, but also fits your client's budget and expectations. To do that, you need to do some research and benchmarking, and understand the market rates and demand for your services. You also need to be confident and transparent, and communicate your rates and terms clearly and professionally. You should also be flexible and open to negotiation, but not undervalue your work.

6 Deliver quality work

The best way to stand out in the payment systems contract work market is to deliver quality work that meets or exceeds your client's needs and goals. Quality work means not only delivering a functional and reliable payment system, but also a user-friendly, secure, and compliant one. It also means delivering on time, on budget, and on scope, and following the best practices and standards for your industry and niche. Quality work also means communicating effectively with your client, providing regular updates, feedback, and support, and ensuring their satisfaction and loyalty.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?