Small Business Entrepreneur Profiler
| FREELANCER |
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The Freelancer prefers to work independently, managing his time and resources in accordance with whatever work he finds. He does not get involved in business partnerships nor does he hire employees. Freelancers usually look actively for a customer and change them frequently as circumstances dictate. In many cases, the Freelancer's customers are other businesses. When the Freelancer gets an order on a contract, he will carry it out in accordance with a fixed agreement between himself and his customer.
Your advertisements should be correctly targeted. If your business is local you should place your ads with the local advertising agencies; if your business is aimed at a wider range of customers, you should place your ads with nation-wide or international advertising agencies. In both cases, place your ads in professional and classified directories since, generally, your business is specifically professional and it is likely that your customers are among those who look through these directories. It is highly desirable to contact the centers which you expect will be your customers, by mail, telephone or other means of communication. Analyze carefully the needs of the consumers and design your ads in such a manner that they meet the present requirements of your potential customers. Referrals of professionals and recommendations are essential for your business. Publish them in your advertisements. They may have a critical impact on the customer's decision to buy your product, because in many cases he has no other way of judging the quality of your product. Give free lectures and presentations if it is acceptable in your profession. It will attract customers who are interested in your service, strengthen your reputation, and may result in increasing sales. Such presentations will make your business familiar to a larger audience, will build customer trust in your business, and will give you a basis for raising the price for the service you provide. When speaking with your customer show real interest in him and impress on him your readiness to help. As a Freelancer, you are basing your business on your own professional knowledge and skills. Hence, productivity of the business strongly depends on your own efforts. You should estimate if you have the staying power to attain the profit level you require. The profitability of a business depends on the price of the service, but you may raise your price only if you have established a reputation or if there is an excess of orders. Sometimes the Freelancer will hire employees if he has an excess of orders. In such a situation, the Freelance is usually in charge of the main part of the business, while the employees are engaged in supportive work. In some fields of activity it is advantageous for the Freelancer to have an agent who will promote and advertise the Freelancer's service. It makes good sense to periodically invest in purchasing new modern equipment which allows you to increase productivity or improve the quality of your service or goods. In some cases, new machinery makes your work easier or opens up new opportunities for your business.
Usually Freelancers find the orders in following occupations: |
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Below is a sample of a listing of some franchises favorable for a Freelancer.
A full listing is presented in the test's result.
| Franchise Name | Startup Investment |
$ 10,000 $ 50,000 $ 50,000 |
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