Amid the world of freelancing, where income is as variable as the weather, financial challenges are a constant companion. The unpredictable nature of freelance income can lead to financial instability, forcing the freelancer into a cycle of feast and famine. …
Finance
Track Your Expenses as a Self Employed Professional
A self-employed professional is an individual who works for themselves instead of an employer. These individuals could be freelancers, contractors, or small business owners. In the world of self-employment, managing your finances is crucial, and one of the key elements …
Writing a Price Increase Letter: A Step-by-Step Guide
As a freelancer, effective communication is key to maintaining strong relationships with your clients, especially when it comes to sensitive topics like increasing your prices. A well-crafted price increase letter can be a powerful tool in this regard, enabling you …
What Is An Invoice?
As a freelancer, you’ve probably heard about invoices. But what exactly is an invoice? And why is it so important in your line of work? Through this blog post, we aim to demystify the concept of an invoice, and shed …
What is a Retainer Agreement for Freelancers?
As a freelancer, you might have heard of the term ‘retainer agreement,’ but do you know what it entails? A retainer agreement is a legal contract between a freelancer and their client, stipulating the terms and conditions of their working …
Freelance Pricing Guide: Tips for Determining Your Rates
As a freelancer, setting your rates is a crucial task that directly impacts your earnings and relationships with clients. While you want to earn a fair income for your work, you also need to ensure your prices are competitive and …
What’s an Invoice Number?
For freelancers, keeping track of invoices is more than a mere administrative task—it’s a crucial aspect of running a successful business. An invoice is a document that provides a detailed account of the services provided and the amount due. Among …
Invoice vs Receipt: The Key Differences
As a freelancer, understanding the difference between an invoice and a receipt is crucial. This knowledge is not only important for managing your finances effectively but also plays a significant role in building and maintaining professional relationships with clients. Being …
What Does Net 30 Mean? Explained
If you’re a freelancer, you’re no stranger to the intricacies of invoicing and payment terms. One term you’ve likely encountered is Net 30. But what does it actually mean, and why is it relevant to you as a freelancer? In …
What is a Retainer Fee?
In the world of freelancing, understanding the various methods of payment is crucial to ensure a smooth and fair transaction with clients. One such method that is growing in popularity is the retainer fee. Employed by many professionals, this method …