Remember that you can always raise your rates as you get more expertise or for certain kinds of work – it is definitely simpler than fighting for a salary raise.
The disadvantage of having a greater earning potential is that you only earn when you work. You give up all employee entitlements, including sick pay, holiday pay, a redundancy package, and any kind of incentive (unless you award yourself one).
There are many graphic design courses in London that you can sign up for and become industry-standard graphic designers from home.
There are numerous methods to save money as a freelancer to help offset this, but having a savings buffer in place before you go is always a good idea. This will protect you during downtime, as well as for sickness and vacation – it may even be worthwhile to take up an insurance policy in case of long-term illness.
Choose your own clientele…
This, of course, is dependent on your own self-promotion and pitching abilities. In addition to studio administration, you are solely responsible for winning the work, and time spent prospecting for new clients is not chargeable. Having said that, the ball is in your court in terms of what projects you want to work on – as well as the mix between client briefs and self-initiated work.
You may choose to develop your core specialties with customers you want to work with (while declining those you don’t), or you can explore a variety of new possibilities, such as working with others to tackle projects beyond your normal comfort zone. It is really thrilling to have complete control over your own future.
Some customers need more pursuing than others
This is the misery of the majority of freelancers’ existence. Regardless of how much you love a project, pursuing your invoice for money after the fact is not enjoyable for anybody concerned. Some customers are quick and happy with their payments – keep them while you can! – but every freelancer has a horror story about a late-paying client.
To cope with it, you will need to be more business-savvy. Put in place a strong procedure – with a contract to protect you whenever feasible – and stay ahead of your finances so that a stack of unpaid bills does not cause you to go hungry.
Work from anywhere you wish…
You may choose your location as well as your hours, depending on the nature of your job. It is your choice whether to turn a spare bedroom into a home studio, share the workplace with other freelancers, move between coffee shops, or even work while traveling.
If you are accustomed to a bustling, collaborative studio atmosphere with continuous discussion, stimulation, and like-minded individuals to bounce ideas off, you may struggle as a freelancer, whether you are at home alone for eight hours a day or surrounded by the hustle and bustle of strangers in a coffee shop.
Sure, you can go out to lunch with pals or work on projects with others, but chances are you will spend most of your time alone with your thoughts. Some individuals thrive in that environment and are much more productive when there are no interruptions; others go stir-crazy after a week — only you know which one best fits you.