Working as an independent contractor can be very lucrative especially if you work your business well. Whether you start out as an independent contractor or leave the hustle and bustle of a different job to work for yourself, there are many benefits. These 4 steps to being successful as an independent contractor can help you get started on the right path.
Create a Solid Business Plan
Even those who are self-employed need to know how to write a business plan so they can outline their business goals, how their business will operate, who their target clients will be and more. Even if this business plan doesn’t leave your own computer, you need to know all of this for yourself as this is the very structure of your new business as an independent contractor. Many independent contractor businesses will need a business plan for various reasons and you should spend time making it as solid as possible with market research and your own insights.
Whether you need a little or a lot, setting up initial financing for your independent contracting business can ensure you start off on the right foot. It can be hard to get the capital needed for the office and equipment you will need, even if working from home. You will probably have travel expenses early on that you won’t have the capital saved up for yet. And you will need a way to market your business both online and on the ground. You should always be prepared for initial start-up costs for any business, even if you haven’t thought of them in your business plan.
Even if you will only be working locally as an independent contractor, you still need to have transportation. This is even more important if you will be traveling out of town and need a reliable vehicle for business trips. Not only will a business vehicle help you get to your clients’ locations, but it can help you reach out to new ones through advertising if you were to place an ad on the vehicle itself. You should be able to find a vehicle to fit your needs from whichever brand you’re interested in. For example, you can easily find new Ford cars for sale and the same goes for other brands. To help you find the right vehicle, utilize Google search as well as your local car dealerships.
Build Your Reputation
As your business starts off, and you have your first clients, you have the perfect opportunity to start building a reputation. This day and age, there are online reviews and people love to give them. Make sure your clients can do that for you but also be sure to ask them for a testimonial you can add to your website if you feel the job went well. However, word of mouth advertising still works much better as your current clients talk to others about the great job you did. Be sure to impress your first clients and they will lead to many, many more.
From the moment you decide to work for yourself as an independent contractor to finishing up your very first job, it’s important that you are reliable. Reliable transportation helps, but so does having the right mindset about being self-employed and about the work you do in general. Be sure to take every step needed to get your new independent contractor business started right and you will be successful.
Hannah Whittenly is a freelance writer and mother of two from Sacramento, CA. She enjoys kayaking and reading books by the lake.