4 Freelance Myths You Need to Debunk Before Leaving Your Day Job

Running your own freelance business is one of the coolest things you can do in 2021. Unfortunately, many leave their day jobs with false hopes and unrealistic expectations. Lots of folks going freelance don’t at first realize that running a freelance business is like running any other business in the end. You must have paying customers and you need to have sales channels to find them efficiently, your business operation needs to be both good and fast, and you have to make working with you a great experience too. Every business needs to have these parts figured out.

But before going freelance, you may not yet be aware of these things. So, here are my TOP4 freelance myths about freelancing that you should know before taking the jump off the cliff.

1. Joining a freelance site makes you a freelancer. Many, particularly young people who are not yet inside their industry, think that joining an online freelance site makes you a freelancer. It does the opposite!
2. To succeed in freelancing, you just need to be good at what you do. Being good at what you do is the minimum requirement. You could be one of the world’s best programmers and yet completely suck as a freelancer.
3. Freelancers work alone. Well yes, some do. But many don’t… at least not the best ones. It’s not even efficient to do things 100% solo. You can even build a small ecosystem around your core service which makes you always keep the largest slice of the pie whereas the smaller part is split into still nice and decent slices for other freelancers.
4. Freelance business doesn’t require any starting capital. This is perhaps the biggest of all illusions. Indeed, you don’t need much. But spending $0 is pure fantasy. You need an initial capital for business use, not just savings that you eat up while hoping to succeed in getting clients. Think about freelancing in business terms and you run much faster than most!

Freelancing, when done remotely and globally, is very hard even for seasoned experts. The business building side of things requires many skills and there are far too many perils on your way to success. I hope that the debunking of the above four myths gives you a more realistic impression of what… [Click to read the full article with real-world examples]