How To Survive As An Independent Contractor

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Contracts have revolutionized how people work, and now people are finding it hard to stick to full-time employment. Independent contractors are now dominating most sectors as they enjoy their freedom and not having someone check their progress every time. Business owners also prefer freelancers over full-time employees because such an arrangement saves them many costs such as bonuses and statutory deductions. However, some independent contractors are finding it hard surviving because of various challenges. Some do not know the amount of money to charge while others do not know their rights and limits. The following are simple tips to survive as an independent contractor.

  • Do not take any project with a formal contract

There are some good people in this industry, and there are others who are there to con you. You cannot trust everyone just because he or she looks innocent. Humans are prone to error, and you should have a contract that you can enforce if things turn in the wrong direction. The contract should state your duties and responsibilities as well as those of the client. A good contract should analyze all possible outcomes and provide clear direction on what to do in every scenario. Consult an expert in the field of contract formulation when you do not understand the terms.

  • Have proper identification

Trust issues will always be there, and that is why most people prefer to deal with established companies rather than individuals. Such people know that they can seek redress against the company in case things go wrong. However, this does not mean that individual contractors cannot fit in this world. Build up your social proof by setting up a blog where people can interact with you. Have a work ID if you are in industries such as construction and consulting where you meet with clients physically. You can check some simple templates at that you can use to generate a professional work ID no matter the industry you operate in.

  • Establish proper networks

Marketing is a big challenge for most independent contractors. You could be the best fine art artist in your area but without marketing people will never know who you are. Link up with people from different industries, and you will never have to struggle to get clients. Ensure that you help those in your network and make the relationship mutual. You can always refer your clients to someone within your network when they have gigs you cannot handle. Attend training, fairs and seminars in your niche and interact with various people and enlarge your circles.

  • Focus on self-improvement

Changes in technology have made some skills obsolete. In the early 90s, there was high demand for someone with fast typing skills. However, computer skills are not enough to secure a job in the current market. Research on the emerging trends and learn new skills that can improve your craft. Check out what the industry leaders are recommending and also analyze the projections. You can as well take refresher courses that are likely to improve your skills and make you more competitive.