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Last updated on 2024年4月11日

What do you do if you want to leverage freelance or contract work after an economic layoff?

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Losing your job can be a stressful and challenging experience, especially in a turbulent economy. However, it can also be an opportunity to explore new possibilities and pursue your passions. One of the ways you can do that is by leveraging freelance or contract work after an economic layoff. Freelancing or contracting can help you generate income, build your portfolio, expand your network, and learn new skills. In this article, we will share some tips on how to find, secure, and manage freelance or contract work after an economic layoff.

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Carolina Gonzalez Rojas

Cómo tomar mejores decisiones financieras ??Guío a Personas, Familias y Empresas colombianas a ahorrar, invertir y…
Steffen Reisacher

SAP Alumnus | Driven Family Office Leader & Business Angel Innovator in Real Estate Entrepreneurship | Dedicated to…

1 Assess your skills and goals

Before you start looking for freelance or contract work, you need to have a clear idea of what you can offer and what you want to achieve. Take some time to assess your skills, strengths, weaknesses, interests, and values. What are the areas of expertise that you can leverage in the freelance market? What are the gaps that you need to fill or improve? What are the types of projects or clients that you are interested in or passionate about? What are the short-term and long-term goals that you have for your freelance career? Having a clear vision and direction will help you focus your efforts and communicate your value proposition.

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Jhangir Kakar

Lecturer of Economics, Writer, Research Assistant, Training Consultant and Regional Coordinator, Enumerator.
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Economic layoff is a part of a professional life, it shouldn't be taken as a problem by any professional. An individual needs to polish his/her skill further to add new skill in CV. The next step will be searching new job that matches his/her skill in the job markets.

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Siavash Eftekhari

Financial & Economic advisor to Board of Directors at CinnaGen Co.
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Leverage your professional network to find freelance opportunities and referrals. Attend industry events, conferences, or networking groups to connect with potential clients or collaborators. Build relationships with other freelancers or contractors who may have leads or insights to share.

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Dr. Mukesh Jindal CFA, CFP, Ph.D.

Ph. D. in Asset Allocation | Portfolio Management | Crypto Enthusiast | Financial Planning | Alternative Assets | TEDx Speaker | Most Awarded Family Office Specialist in India
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To leverage freelance or contract work after an economic layoff, update and tailor your resume and online profiles to highlight relevant skills and experiences. Network actively within your industry, attending virtual events and reaching out to contacts for opportunities. Utilize freelance platforms to showcase your expertise and apply for projects. Consider offering services at competitive rates initially to build a client base. Continuously improve skills through online courses or certifications to remain competitive in the freelance market.

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2 Update your resume and portfolio

The next step is to update your resume and portfolio to showcase your skills and achievements in a relevant and compelling way. Your resume should highlight your qualifications, experience, and accomplishments in a concise and clear format. Use keywords and phrases that match the freelance or contract opportunities that you are targeting. Your portfolio should include samples of your work that demonstrate your skills, creativity, and results. Choose the best and most recent examples that reflect your style, niche, and goals. You can use online platforms or tools to create and share your portfolio, such as Behance, Dribbble, or WordPress.

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Jhangir Kakar

Lecturer of Economics, Writer, Research Assistant, Training Consultant and Regional Coordinator, Enumerator.
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A professional CV plays an important role in transforming skills into fields that not only reflects a true image of a professional but also provides working opportunity for a skilled person. To find an economic work in any field, a professional in economics should have a unique, creative and valuable perspectives to any economic scenarios.

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Jhangir Kakar

Lecturer of Economics, Writer, Research Assistant, Training Consultant and Regional Coordinator, Enumerator.
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A professional CV plays an important role in transforming skills into fields that not only reflects a true image of a professional but also provides working opportunity for a skilled person. To find an economic work in any field, a professional in economics should have a unique, creative and valuable perspectives to any economic scenarios.

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3 Find and apply for opportunities

Finding and applying for freelance or contract work is contingent on your industry, niche, and preferences. Popular sources include online platforms or marketplaces such as Upwork, Fiverr, or Freelancer. These websites or apps connect freelancers with clients who need specific services or tasks. Additionally, networking and referrals can be beneficial; you can reach out to former colleagues, employers, clients, friends, family, or professional associations for advice and leads. Direct outreach is another option; you can research prospects that match your niche and goals and make a persuasive pitch. However, there may be competition, fees from the platform, rejection, silence, or low conversion rates. Investing time and energy into networking and crafting a personalized pitch is essential when seeking freelance or contract work.

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4 Negotiate your terms and conditions

Once you find and apply for freelance or contract work, you need to negotiate your terms and conditions with the client or employer. This includes your rate, scope, timeline, deliverables, feedback, revisions, payment, and contract. You should research the market rates and your value, and set a fair and realistic rate that reflects your skills, experience, and quality. You should also define the scope and timeline of the project, and agree on the deliverables, feedback, and revisions that are expected. You should also discuss the payment methods, frequency, and invoicing, and sign a contract that outlines all the terms and conditions.

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5 Manage your work and time

Finally, you need to manage your work and time effectively and efficiently as a freelancer or contractor. This means that you need to plan, organize, prioritize, and execute your tasks and projects, and meet the deadlines and expectations of your clients or employers. You also need to track and record your hours, expenses, and income, and report them to your clients or employers. You also need to balance your work and personal life, and avoid burnout, stress, or isolation. You can use tools or apps to help you manage your work and time, such as Trello, Asana, or Harvest.

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Jhangir Kakar

Lecturer of Economics, Writer, Research Assistant, Training Consultant and Regional Coordinator, Enumerator.
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One of the experts used to say, "Time is money", this line clearly defines and states that time should be used effectively and efficiently for professional growth and development. This is the key to any economic professional progres: -Refresh and polish the required skills, -Having an updated CV, -Search for working opportunities -Make a good connection -Manage time or spend time productive -Follow the required terms and conditions of any organization These steps would take a professional to another level in the professional journey.

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6 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?

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Carolina Gonzalez Rojas

Cómo tomar mejores decisiones financieras ??Guío a Personas, Familias y Empresas colombianas a ahorrar, invertir y proteger sus excedentes de dinero, heredar patrimonio de manera rentable, segura y minimizando impuestos
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Como idea, sugiero que se pueda desarrollar una estrategia de Mentorías, Cursos, eBooks, que se puedan entregar y vender a través de internet, incluso de manera automática, aprovechando el conocimiento y la experiencia que se tiene.

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Steffen Reisacher

SAP Alumnus | Driven Family Office Leader & Business Angel Innovator in Real Estate Entrepreneurship | Dedicated to Positive Climate Impact
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Eine wirtschaftliche Entlassung ist oft mit einer Abfindung verbunden. Sie k?nnen 45% davon an die Steuer verlieren. Hier sind 3 Tipps, basierend auf pers?nlichen Erfahrungen und bew?hrten Strategien: Investieren Sie steuerlich sinnvoll in Immobilien: Die Sanierung und Aufwertung von vermieteten Immobilien kann erhebliche steuerliche Vorteile bieten. Bildung als Fundament: Bevor Sie den n?chsten Schritt wagen, empfehle ich, sich mit dem Buch ?Bevor du deinen Job kündigst“ von Robert Kiyosaki auseinanderzusetzen. Gründen Sie ein Kleingewerbe oder eine GmbH. Ausgaben für die Gründung und Ausbildung k?nnen genutzt werden, um die Abfindung steuerlich zu optimieren.

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What do you do if you want to leverage freelance or contract work after an economic layoff?

1

2

3

4

5

6

1 Assess your skills and goals

2 Update your resume and portfolio

3 Find and apply for opportunities

4 Negotiate your terms and conditions

5 Manage your work and time

6 Here’s what else to consider

Economics

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What do you do if you want to leverage freelance or contract work after an economic layoff?

1

2

3

4

5

6

1 Assess your skills and goals

2 Update your resume and portfolio

3 Find and apply for opportunities

4 Negotiate your terms and conditions

5 Manage your work and time

6 Here’s what else to consider

Economics

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