Making Money

6 Tips For Freelance Financial Advisors

Becoming a freelancer is a huge step in deciding you want to be an independent operator running your income from clients or outside sources. This can be a hectic task, filled with many trials and errors to learn how to be the most efficient freelancer possible.

According to The Advisor Coach, to become a successful financial advisor is a want that many others may have, but you’ve decided you’re going to step away from the companies that handle it and do it yourself. That’s great, and a great mindset to have! But you could always use some tips or advice to help you achieve your goal of being a freelance financial advisor.

Here are six tips from professional freelancers who once started without knowing what to do or how to be a freelancer.

Have A Back-Up Fund

Source:joinwestern.com

One of the most important things to have when becoming a freelancer is to have a backup fund. This may be a bit of advice that is overlooked, or may even seem like a no-brainer, but it is highly suggested by many professionals to save up money if you seek to become a freelancer.

Having an emergency fund prepared when becoming a freelancer is because when you start you may not have a lot of clients at first, so you may not be generating enough income to pay your bills. Or on the other hand, you may have a lot of clients at first, but then suddenly lose them all or get no work for a couple of months!

Suddenly all that cash flow you had is now gone. And without a backup fund to support your bills, your bank account is going to go to the negative. So be safe, have a savings account ready.

Freelancing Is A Career Change

It’s important to know what you’re getting yourself into when you sign up for freelancing. Freelancing is a job, just like any other or just like if you were to work at a financial advising company. You’ll be required to commit to this career, meet deadlines, and be a professional at what you’re doing to get more clients or work.

With that in mind, you must understand that choosing to freelance is a change in your career. You are the only one who can promote yourself, find your work, and force yourself to earn money. You’ll have no boss to oversee you.

So it’s important to take into account that you aren’t just finding a side gig when you want to be a freelancer, but that this is a new career path in general, that you must push yourself along if you want to see improvement.

Manage Your Time

A big mistake of many freelancers would be that they do not manage their time correctly. Time is one variable that everyone is limited on, as everyone only has 24 hours a day, and you can’t buy more time. So managing your time is important.

Think about it this way, if you have five clients that all need advice in a week, you could easily do one a day. But once you get popular, you may have 50 clients that need assistance in a week. That’s 10 clients a day if you have a five-day work week, or roughly 7 clients a day if you work seven days a week.

You’ll also be your boss, meaning you are the one who runs everything. You must have time to find the clients, help each client, make sure each gets the help they need and make sure you get paid. It’s a lot to manage, and you must keep track of how much time you can afford to do each thing.

Create A Website

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You may be thinking, “How will I find clients, or get people to find me and contact me once I’m popular?” Of course, you can find clients looking for assistance through online forums or job boards, but one of the most helpful ways for clients to find you would be through a website.

A website can be a great tool for many reasons, for one, they can showcase the work that you’ve done and testimonials from other clients to rate your performance. This will give potential clients the ability to see what you can do and how you can assist them, plus how great your service is!

Don’t Quit Your Day Job (yet)

Yes, you’re going to be making money through freelancing, and yes you’ll be excited to be your boss making your own money all by yourself. And, when you’re just starting, or even a little experienced making decent money, you may get the urge and idea that you can quit your normal day job to pursue freelancing fully. Pro-tip: Don’t. At least not yet.

Freelancing can earn you a lot of money but offers minimal security unless you have a constant client base, and that stands for all styles of freelancing, from financial advisors to writers, even freelance coders. Everyone is looking for someone who can do great work at a good price. Meaning you could be replaceable too.

The idea here is you don’t want to leave your day job until you are more secure knowing you’ll have gigs for quite some time. Also, you’d want to save up a lot of money (more than just an emergency fund) so that if anything happens, and you lose work for a few months, you’ll be covered.

Build Experience And A Network

A great tip is to build as much experience as you can in the field you are pursuing. If you want to be a financial advisor, start reading books about finance and how to advise people. Start learning how to communicate and network.

That’s also a good one as well, learning to network can find you great clients through friends or friends of friends. Your network is your reach, so expanding your network, in turn, expands your reach and how many people or how far you can reach.

Experience and a network are great things to build that will assist you in achieving a more successful freelancing career. The experience allows you to perform well and show how great you are, while the network allows you to gather more potential clients earning you more work.

Being A Successful Freelancer

Source:pxhere.com

Freelancing is a dream for many people in the world, but for far fewer does the dream become a reality. Many are stopped by not planning correctly, quitting their job too early, not having the proper experience or network to find work, or even by not watching their time.

To be a successful financial advisor, and to freelance yourself off as one are two different things, but that doesn’t mean you can’t be a successful freelance financial advisor. These are some great tips given by professionals, if you follow them you will have a greater chance of seeing your dream become a reality.

How to Start Making Money on Instagram 

What started as a photo-sharing medium, Instagram is now a marketing platform.
The number of users has quickly doubled, attracting businesses to use the platform as a marketing basis.
With several followers and great use of hashtags, as illustrated on Shopify, you can passively make money at the comfort of your house.

Source:shopify.my

Let’s dive.

  1. Grow Your Audience Why would a company approach you to market their products? When you post on Instagram, the post appears on all your followers’ feed. If you have a few hundred followers, then you have less audience, and the opposite is exact.Ask people to follow you, use the right hashtag such as #follow4follow when posting and become influential. Being an established person on Instagram acts as a profile for attracting businesses who want to reach your audience.Strive for above 5000 followers.2. Remain Active and Engage Your AudienceWhat’s the use of having 5000 followers, and you’re not giving them something? Regularly post high-quality pictures, even if it means using editing tools. The point is, ensure you’re posting something worth looking.While you don’t have to post every day, the time you post content on your page matters. Post during break hours, commuting hours (morning and evening) and weekends to reach more people. Read their comments and reply where necessary.

    If one of your fans uses the product you’re marketing, recognize them on a video or post.

    3. Engage an Influencer

 

Source:laprensa.hn

Familiar with the Kardashians? While not everyone can access any of the Kardashian, those who do use them for marketing their apparel or other products.

You don’t have to find an influencer with a million followers. You can tell your friend with substantial followers to use your product and recognize where they got it from you as well as handle your branded hashtag as they make their post. If their fans use the link to yours, then you grow your audience and sales as well.

If you’re an Instagram influencer, engage shoutouts. You promote another person’s account or company. An influencer posts a video and starts or end by stating who made the video possible and ask the audience to check the person’s account or website. Similarly, if you receive a product from a specific company and you admired their services, you can recommend the company to other people. Well, start by being a free ambassador or ask for a gig in exchange for revenue.

Edit your bio and add contact information and indicate the contact information applies to people who want to do business with you.

4. Sell Photos and Virtually Consumable Products

Instagram is a visual-based platform. Some of the images on the medium are of high quality than Google pictures. Since bloggers and other internet users are always in need of photos, use the chance to provide high-quality images, including drawings, paintings, animations and videos.

However, your photos have to look better than other sellers for you to make good money. Ensure, therefore, that you’re using the right tools to edit and enhance your images besides taking original pictures.

5. Get into Affiliate Marketing

Affiliate marketing is where you partner with a brand to make a sale in exchange for a commission. You a retractable link or promotion code that if buyers use to purchase a product, you earn a commission.

But, you can only have one link on your bio, yet you need several for all the products you’re selling. Use the link to lead to a landing affiliate page. Consequently, make a post and indicate that people can use the link in your Instagram bio to purchase products or services.

6. Advertise Your Bnb on Instagram

 

Source:businessinsider.com

Those on the Airbnb platform make a lot by doing little since the company is responsible for creating pitches that attract travellers to book accommodation. The truth is, tourists are looking for BnB, and you’re at an advantage if you live near tourist attractions. Those travellers, however, don’t know you provide accommodation because they don’t come from the nearby area.

You have to sell your services, and your success is dependent on your marketing.

Use the chance to market your room on Instagram. But, you can’t be sceptical about it. Share details describing your space, near landmarks, tourist attractions, utilities available and restrictions if there is any.

Use a wide-angle camera and take high-quality pictures. If the camera loves you, opt for a video and navigate through your compound as you show the exterior and interior of your rental.

7. Sponsored Content

With 100,000 followers, companies will look for you to promote their products. With a high number of followers, you seem trustable and influential and that because of the content you post on your platform.

Sponsored content is a strategy where you have to use the product and provide testimonials to your followers. You share how the product or the service in question makes your life what it is. If you are marketing gym wear, you have to go live and show your experience with the outfit. The message you pass on your post has to reflect your live video.

There is a catch.

You have to remain trustworthy by balancing the money you gain, and your integrity as your followers will be interested in the authenticity of the product.

8. Entrepreneurship and Instagram

 

Source:ejinsight.com

Instead of using your influence to sell other people’s products, sell yours and enjoy the income. It’s a bit complex than other realms because you have to work both on the ground, and online marketing your products.

Alternatively, take time to prepare information products such as eBooks, video courses and webinars. Promote these products on your Instagram page and show the value your audience get if they use your products.

Again, be authentic.

Think you have what it takes to become an Instagram earner? Businesses are budgeting for online marketing, and Instagram is one of the platforms they intend to use. With many marketing opportunities, you can earn money from Instagram. Dive in and implement the above points.