Related Read: How to Start a Business in 2024?

What is Freelancing?

Freelancing is a form of self-employment where individuals can work independently for clients on a per-project, per-task basis or a contractual basis without long-term commitments.

Freelancers typically work independently, offering expertise in various domains such as writing, design, IT, marketing, and consulting. They are responsible for managing their own business operations and can choose to work remotely or on-site, based on project requirements.

How Does Freelancing Work? A Step-by-Step Guide

STEP 1: Finding Clients

Find Clients through Online Platforms

Utilize platforms like Upwork, Fiverr, and Freelancer to showcase your skills, bid on projects, and connect with potential clients.

Find Clients through Network

Attend industry events, connect with professionals on social media, and join relevant groups to expand your network and discover opportunities.

Proactively Reach Out Directly

Directly contact potential clients through email or LinkedIn to introduce yourself and offer your services.

STEP 2: Define Project Scope

Create a Clear Scope

Work with the client to outline the project’s scope such as specific deliverables, timeline, and expectations. This ensures both parties are on the same page.

STEP 3: Negotiate Terms

Discuss Payment Structure

Determine the most suitable payment method (hourly, per project, or milestone-based) and agree on terms such as advance payment, installment payment, deferred payment and final payments.

Establish a Contract

Create a formal contract that outlines the scope of work, payment terms, deadlines, and legal protections to safeguard both parties’ interests.

STEP 4: Deliver Exceptional Work

Manage Tasks Effectively

Employ project management tools to stay organized, track progress, and meet deadlines.

Maintain Open Communication

Regularly communicate with clients to address any questions, provide updates, and ensure alignment on project goals.

STEP 5: Get Paid Promptly

Send Professional Invoices

Issue detailed tax invoices promptly upon completing work, clearly stating the services provided and payment terms.

Choose Secure Payment Methods

Use reliable payment options like bank transfers, UPI, PayPal, or online payment gateways to ensure timely and secure transactions.

Benefits of Freelancing

1. Flexibility in Time and Location

• Freelancing allows you to decide when and where you work.
• You can structure your day around your personal life, whether working from a coffee shop, co-working space, or home.

This flexibility often creates a healthier balance between work and personal commitments.

2. Choice of Clients and Projects

• As a freelancer, you control the projects you take on.
• You can pursue work that aligns with your expertise and passions, focusing on what excites you the most.
• Additionally, you can choose clients who match your working style and values, ensuring a more satisfying professional experience.

3. Exposure to Global Brands

• Freelancing breaks down geographical barriers, allowing you to work with clients worldwide.
• By collaborating with international brands, you can gain unique insights, broaden your horizons, and build a global portfolio that showcases your versatility.

4. Setting Rates for Work

• Freelancing empowers you to set your rates, giving you control over your financial potential.
• Your earnings are tied to your ability to manage your workload, allowing you to increase your income based on the volume and complexity of the projects you take on.

5. Skill Enhancement

• Each freelance project is a chance to refine your expertise.
• Working with different clients and on various tasks helps you stay sharp and expand your skill set.
• Over time, freelancing can turn you into a specialist in your chosen field, adding depth to your professional experience.

Taxation for Freelancers

1. Freelancers and Income Tax

In India, freelancers are treated as self-employed individuals under the Income Tax Act. This means you are responsible for calculating and paying your taxes. Freelancers must report their income under the “Profits and Gains of Business or Profession” head and file their taxes accordingly.

2. Self-Employment Tax

Freelancers must pay income tax according to the GST rate for freelancers set by the government. In addition to income tax, they may also need to pay professional tax depending on their state of residence.

3. Tax Deductions

Freelancers can claim deductions for essential expenses. Common deductible expenses include office rent, internet bills, work-related travel costs, and equipment purchases. Keeping detailed records and receipts is crucial for accurately claiming these deductions.

4. Advance Tax

Freelancers must pay advance tax if their total tax liability exceeds ₹10,000 in a financial year. Advance tax is paid in four instalments throughout the year, helping to distribute your tax payments and avoid a large lump sum payment at year-end.

5. TDS and Form 16A

Freelancers may receive payments after Tax Deducted at Source (TDS) is deducted. Clients provide Form 16A, which shows the TDS amount. This form is necessary for reconciling your total tax liability when filing your income tax return.

What are the Most Common Freelance Career Fields?

Here’s the list of popular freelance career fields:

1. Writing and Editing Content

• Freelance writers and editors offer content creation, copywriting, and proofreading services to clients.
• These professionals work across industries, including marketing, publishing, and media, delivering engaging content for blogs, articles, websites, and more.

2. Graphic Design and Illustration

• Graphic designers and illustrators create visual content, from logos and branding materials to illustrations and digital artwork.
• They serve clients in advertising, web design, and product packaging, offering creative digital and print media solutions.

3. Web Development and Programming

• Freelance web developers and programmers specialise in building websites, apps, and software solutions.
• They work with clients to design, develop, and maintain digital platforms that meet specific business needs, often focusing on user experience and functionality.

4. Digital Marketing

• Freelancers in digital marketing help businesses grow their online presence through services such as SEO, social media management, email marketing, and paid advertising.
• Their expertise helps brands reach their target audience and drive engagement.

5. Consulting and Coaching

• Consultants and coaches offer expert advice and guidance in various fields, such as business strategy, finance, and personal development.
• They help clients solve complex problems, improve performance, and achieve their goals through tailored solutions.

6. Photography and Videography

• Freelance photographers and videographers capture and create visual content for events, marketing campaigns, and media productions.
• They often specialise in product photography, event coverage, and video production for businesses and individuals.

What are the Skills & Qualities Required for Freelancing?

Freelancing offers flexibility and independence but demands specific skills and traits to thrive in a competitive market. Whether you’re just starting or looking to enhance your freelancing career, possessing these qualities can make all the difference.

1. Communication Skills

• Clear and professional communication is key to building and maintaining client relationships.
• Whether it’s discussing project details or negotiating terms, effective communication helps avoid misunderstandings.
• For example, summarising project requirements in writing after a call can ensure everyone is on the same page.

2. Adaptability

• Freelancers must adapt to different industries, project types, and client expectations.
• Being open to learning new skills or adjusting your work style can make you more versatile and attractive to clients.
• For instance, staying updated on industry trends through online courses can give you an edge over competitors.

3. Problem-Solving Skills

• There are many unexpected challenges for freelancers, from technical issues to last-minute client changes.
• Being a good problem-solver means staying calm under pressure and finding quick, practical solutions.
• For example, having a backup plan, like an alternate internet source, can prevent delays in delivering work.

4. Self-Discipline

• Freelancers must be self-motivated to meet deadlines and maintain productivity.
• Without a boss to oversee your work, you need to set your schedule and stick to it.
• A daily task list can help you stay on track and complete projects on time.

5. Time Management

• Managing your time effectively is crucial when juggling multiple projects.
• Freelancers often work with different clients and deadlines, making it essential to prioritise tasks.
• Tools like Google Calendar can assist in organising your workday and ensuring no project is overlooked.

6. Financial Management

• Managing your finances is crucial as a freelancer since income can be irregular. You need to budget for personal and business expenses like software subscriptions or taxes.
• Using Excel sheets or expense tracking apps can help you track income expenses and prepare for tax season.

7. Networking

• Building a solid network is essential for finding new clients and growing your freelancing career.
• Attend industry events, join online forums, or participate in social media groups relevant to your field.
• These connections can lead to future collaborations and job opportunities.

How to Start Freelancing Job in India 2024? A Step-by-Step Guide

Here’s the step-by-step guide to start freelancing job in 2024

STEP 1: Assess your Skills and Market

• Begin by evaluating your skills and identifying the services you can offer.
• Research market demand in your chosen field to ensure there’s a need for your expertise.

STEP 2: Create a Compelling Portfolio

• Showcase your work with a well-organised portfolio.
• Highlight your best projects and provide examples demonstrating your skills and capabilities to potential clients.

STEP 3: Utilise Freelance Platforms

• Sign up on popular freelance websites like Upwork, Fiverr, or Freelancer.
• These platforms connect freelancers with clients looking for various services, making it easier to land your first gig.

STEP 4: Network and Leverage Social Media

• Use LinkedIn, Twitter, and other social media platforms to promote your services and connect with industry professionals.
• Networking can lead to job referrals and help you establish your freelancing career.

STEP 5: Start with Small Gigs and Projects

• Don’t hesitate to take on smaller projects initially.
• These gigs can help you gain experience, build your reputation, and gradually lead to more significant opportunities.

STEP 6: Reach Out to Your Network

• Let friends, family, and professional connections know you’re available for freelance work.
• Referrals from your network can be a great way to get started.

STEP 7: Pitch Your Services

• Approach potential clients directly with a well-crafted pitch.
• Highlight how your skills can solve their problems and add value to their business.

STEP 8: Stay Persistent and Patient

• Finding your first freelance job can take time, so remain persistent.
• Keep refining your approach, applying for opportunities, and staying active in your search until you land your first job.

How to Manage your Freelance Business?

1. Tax Obligations

• As a freelancer, you are responsible for your tax payments.
• It’s essential to track income, deduct expenses, and comply with tax regulations to avoid penalties.

2. Expense Tracking

• Keeping track of your business expenses, such as software subscriptions, equipment, and travel, helps you manage finances efficiently.
• Proper expense tracking also aids in tax deductions.

3. Continuous Learning

• Staying updated with industry trends and enhancing your skills is critical for long-term success.
• Continuous learning through courses, certifications, and industry events helps you stay competitive in the freelancing market.

Disadvantages of Freelancing

1. Uncertain Job Security

• Freelancing comes with inherent job instability.
• Work may come in waves, with periods of high demand followed by lulls.
• This irregularity can make it challenging to maintain a steady income, often necessitating a supplementary source of income like a regular job or savings to buffer against downtime.

2. Lack of Employer-Funded Benefits

• Freelancers do not receive the benefits that full-time employers provide- such as health insurance, retirement contributions, and paid leave.
• Self-employed individuals are responsible for securing and financing their own benefits, which can be a significant consideration.

3. Administrative Responsibilities

• Managing a freelance career involves more than just delivering services. Freelancers must handle administrative tasks such as invoicing, legal paperwork, and marketing.
• This requires knowledge of bookkeeping, tax regulations, and other operational details that an employer typically manages in a full-time role.

4. Isolation

• Freelancers often work alone and may feel lonely, especially when working remotely.
• Compared to traditional office environments, where daily interactions with colleagues are common, freelancers may miss out on social connections and developing team dynamics.

FAQs

1. What exactly does a freelancer do?

A freelancer works independently, offering services to multiple clients. Freelancers can be involved in various fields, such as writing, design, programming, and consulting, and they manage their schedules, rates, and workloads.

2. Which skill is best for freelancing?

The best skill for freelancing depends on market demand and your expertise. Popular freelance skills include writing, graphic design, web development, and digital marketing. It’s essential to choose a skill you are proficient in, which is in steady demand.

3. How do I start freelancing?

To start freelancing, first assess your skills and identify a niche. Create a portfolio to showcase your work, join freelance platforms, and start applying for gigs. Networking and promoting your services through social media can also help you land your first freelance job.

4. Can a fresher start freelancing?

Yes, a fresher can start freelancing, though it may require building a portfolio and gaining experience. Start with small projects or internships to showcase your skills and gradually take on more significant assignments as you build credibility.

5. What is the salary of a beginner freelancer?

The freelancer’s salary as a beginner varies widely based on the industry, project type, and experience. On average, a new freelancer in India can earn between ₹10,000 to ₹30,000 per month, but income may fluctuate as you establish yourself.

6. Which app is best for freelancing in India?

Popular freelance platforms in India include Upwork, Fiverr, and Freelancer. These apps offer freelance opportunities across different industries and help freelancers connect with clients locally and globally.

The post What is Freelancing and How to Start Freelancing Job in India? appeared first on Razorpay Learn.

Even if you are not required to pay GST for the moment, it is important to know the chapters and verses of how GST works as a freelancer; because you will have to register your business under GST once it grows. If you are looking for information on ‘freelancer GST India’, this guide provides all the information on the subject.

What is a Freelancer under GST In India?

A freelancer is an individual who provides services on a contract basis. He or she is not an employee of the company and doesn’t fall under the same employment laws. However, the GST rules relating to service providers shall apply to freelancers.

Examples of Services Subject to GST in India

GST rate applies at the rate of 18% on the following services:

• Membership Fees: Any fees charged by a club, association, or society for providing any service, facility, or benefit to its members.
• Connects Purchases & Freelancer Service Fees: Connects are virtual tokens freelancers use to submit job proposals on online platforms. Freelancer service fees are the commissions or charges the platforms deduct from the freelancers’ earnings. 

Other services include:

• Accounting/Bookkeeping
• Technical services
• Software/App Development
• Designing services
• Call centre
• Data entry
• Marketing Services
• Domain and hosting
• Voice over
• Language Translation
• Management/Consultancy Services

Tips: For freelancers who already have a GST number, it’s essential to ensure its validity. One can do this by using Razorpay’s GST number search tool.

Does a freelancer need to register for GST?

Freelancers in India must register for GST if their yearly income surpasses the government’s threshold, usually ₹20 lakhs. This limit may vary depending on the state and service type.

As a service provider, it is mandatory for a freelancer to register under GST in the following situations:

• When turnover exceeds Rs 20 lakh in a financial year (For states other than the North-Eastern States)
• When turnover exceeds Rs 10 lakh in a financial year (For North-Eastern states)
• For services covered under Online Information and Database Access and Retrieval services (OIDAR services*)
• In the case of an export service whose value exceeds Rs 20 lakh.

Understanding OIDAR Services

According to the GST Act, OIDAR services include the following services:

1. Providing cloud-based services
2. Advertising on the Internet
3. Online gaming services
4. Provision for selling e-books, music, movies, software, and other intangibles via the internet.
5. Providing data or information, retrieval or otherwise, to any person in electronic form through a computer network.

Tips: Additionally, freelancers can easily verify their GST details or search for their GST number using Razorpay’s GST Search by PAN.

Can a freelancer register as a composite dealer?

As per the provisions of the GST Act, any service provider is not allowed to opt for the composition scheme. However, a service provider providing restaurant services is an exception to this rule.

So, this means that a freelancer cannot opt for the composition scheme.

If you want to know the merits and demerits of the composition scheme, you can read about the GST Composition Scheme.

Documents required for GST registration

It is important to know the documentation process for freelance GST registration. The following are the documents required for freelancer GST registration:

• A recent passport-sized photograph
• Copies of the freelancer’s PAN and Aadhaar card
• The most recent bank account statement or a canceled cheque
• Proof of both identity and address
• Digital signature certificate (DSC)
• Copies of utility bills such as electricity or telephone
• A copy of the lease/rental agreement for office premises and a No Objection Certificate (NOC) from the landlord or property owner confirming approval for business use of the premises
• SAC (Service Accounting Code) or HSN (Harmonized System of Nomenclature) Codes.

Read More: Documents Required for GST Registration

How to Register for GST for Freelancers?

• STEP 1: Visit the GST portal and proceed with online registration. Create an account or login if you already have one.
• STEP 2: Navigate to the section for GST registration and begin the application process. Provide accurate information as requested in the registration form.
• STEP 3: Enter details about your freelance business, such as business name, address, contact information, nature of services provided, and turnover details.
• STEP 4: Upload scanned copies of the required documents, including identification proof, address proof, and any other supporting documents as specified by the tax authority.
• STEP 5: Verify the information provided and review the application before submission. Ensure all details are accurate to prevent delays or complications in the registration process.
• STEP 6: Upon successful submission, a provisional ID will be generated, indicating your application is under process.
• STEP 7: After submitting the application, the tax authority will process the registration request. This may take a few days to weeks depending on the jurisdiction.
• STEP 8: If all goes well, you’ll receive your GST registration certificate with your unique GST Identification Number (GSTIN) via email.

Read More: How to Register for GST Online?

Which GST rates are applicable to freelancers?

The GST rates applicable to freelancers are 0%, 5%,12%, 18% and 28% depending on the type of service provided. If there is no specified rate for the service provided, you will have to charge 18% GST from your clients.

If you’re wondering how to include profit margins in your freelance services and get real-time GST, inclusive & exclusive rates you can check out our free GST calculator.

How to Calculate GST for Freelancers in India?

As a freelancer in India, calculating GST involves understanding the applicable rate and adding it to your service fee. 

Here’s a breakdown:

The GST rate for most freelance services is 18%. However, there can be exceptions depending on the specific service you provide. You can find the SAC (Service Accounting Code) for your service in the HSN and SAC Code list on the government website to confirm the exact rate.

If a specific rate isn’t mentioned, assume an 18% GST applies.

Calculating GST Amount:

For example, if your service fee is Rs. 10,000 and the GST rate is 18% (0.18), multiply the service fee by the GST rate expressed as a decimal.

GST amount = Service Fee * GST Rate

= Rs. 10,000 * 0.18

= Rs. 1,800

Add the calculated GST amount to your service fee to arrive at the final amount you’ll invoice your client.

Clearly mention the service fee (exclusive of GST), the applicable GST rate, and the total amount payable (inclusive of GST) on your invoice.

Example Invoice:

Service Fee (Excluding GST): Rs. 10,000

GST @ 18%: Rs. 1,800

Total Amount Payable: Rs. 11,800

Invoicing rules for freelancers

Any invoice raised by a freelancer should be GST-compliant. The invoice should contain all the necessary information such as name, address, GSTIN of the service provider as well as the recipient, SAC of services, date, the value of service provided and so on. You can refer to our GST invoice guide and create GST-compliant invoices using Razorpay Invoices.

Is a freelancer eligible to claim an input tax credit?

Input tax credit (ITC) means you can reduce the tax, which was already paid on purchases, from the GST payable arising from your sales. As per the provisions of GST, all the normal taxpayers registered under GST can use ITC to reduce their GST liability.

Similarly, a registered freelancer can also use such taxes paid on services used by him to provide any service.

For instance, a freelance photographer charges Rs 2,50,000 for a wedding shoot and hires a printing agency at Rs 50,000. In this case, the net GST for freelancer payable will be as follows:

How many GST returns does a freelancer have to file?

A freelancer will have to file 25 GST returns in a year if he is registered as a normal taxable person.

What is the penalty for late filing of returns?

Late filing of GST for freelancers in India is subject to the following consequences:

• A late fee of Rs 200 will be levied.
• An interest of 18% per annum will also be levied. This will be calculated by the taxpayer on the tax to be paid.
• A minimum penalty of Rs 10,000 will be levied if the tax has not been paid.
• For the unpaid tax, the maximum penalty is 10% of the tax amount due.

Conclusion

In conclusion, understanding and adhering to Goods and Services Tax (GST) regulations is crucial for freelancers to ensure legal compliance and smooth business operations. Registering under GST allows freelancers to establish credibility, streamline tax processes, and avoid penalties. Moreover, calculating and charging GST accurately not only enhances transparency in financial transactions but also fosters trust with clients. While navigating the complexities of GST may seem daunting, staying informed about applicable rates and compliance requirements empowers freelancers to effectively manage their tax obligations and contribute to the economic landscape.

Frequently Asked Questions (FAQs)

1. How to calculate tax for freelancers?

Freelancers calculate tax by subtracting direct expenses from their income and applying the relevant tax slab rates.

2. Do freelancers need to pay GST?

Freelancers must pay GST if their turnover exceeds ₹20 lakhs or ₹10 lakhs for special category states.

3. Why is GST for freelancers important?

GST for Indin freelancers is crucial as it uniformizes tax laws and allows input tax credit claims.

4. What is the tax limit for freelancers?

The tax limit for freelancers is based on the income tax slab rates, with presumptive taxation available for income up to ₹50 lakhs.

5. Can freelancers avoid tax?

Freelancers cannot avoid tax but can reduce liability through deductions and exemptions. It is crucial that you know the GST exemption limit for freelancers.

6. Do freelancers need to pay both GST and income tax?

Freelancers in India need to pay both, GST and income tax if applicable under the law.

The post GST For Freelancers: Registration, GST Rates, Exemption & Rules appeared first on Razorpay Learn.

But today, that side hustle holds enormous potential. It is predicted that freelancers will contribute to 50% of the nation’s workforce volumes, and the market size is estimated to touch USD 25 billion by 2025.

Currently, 60% of Indian freelancers are under the age of 30 years, and the average income of freelancers across India is INR 20 lakh per annum and 23% of them make over INR 40 lakh per annum. Isn’t this exciting?! 

The ability to choose your work without being tied to an office has become the idea of freedom. 

So, let’s explore what this opportunity holds! 

Checkout Razorpay’s GST Verification Tool, a powerful resource designed to streamline GST number verification and search for Central and State GST jurisdiction.

Upcoming Scope of freelancers in India

People who are part of the gig economy may have several benefits, including the independence to choose their work timings, days of work, holidays, preferred organisations and more. The gig economy is vast, but it’s no cakewalk. 

The only drawback of the gig economy is that, unlike traditional employment, the individuals do not enjoy any privileges or benefits like employee provident fund, gratuity, health insurances and bonuses. 

Freelancing is equivalent to raising a startup, but you go solo. As the days get longer, you figure out your forte, wonder where to start, search for a platform, learn to bid projects, estimate your income, and go through many sleepless nights till you get it all figured out.

Freedom from the cubicle demands a revolution and loads of patience.

Often categorised as independent workers, contractors or consultants freelancers start small and eventually grow with time. 

As a freelancer, you offer a plethora of skills for prospective hires to choose from. For example: 

1. Freelance writer or blogger

There are different types of writing jobs that are in demand globally, and many companies like to outsource their work from well-established freelancers. Copywriting, public relations marketing, guest blogging, e-books, ghostwriting are a few in-demand jobs.

2. Freelance web developer

If you have all the necessary skills, then this job is for you. With the advent of the internet, businesses have gone online and are hungry to have a digital presence, but they want it quick. The demand for websites doesn’t seem to stop, and this is where you play your part.

3. Freelance graphic designer

Another ball game that’s in huge demand! Many brands, weddings, concerts, events, promotions require the expertise and creative craftsmanship to stand out of the crowd.

4. Freelance photographer

Do you remember your DSLR friend in college? Yes, the one who was always busy clicking pictures, refining skills in unusual places, looking for that angle, posture, view and whatnot.

That friend of yours jumped in the game early, and perhaps is one of the most-demanded shutterbugs for weddings, concerts, events and more. Photography, like graphic design, is a vast subject where one can choose their speciality.

5. Digital marketing consultant

Odin’s speech was the sole reason behind Thor’s realisation that he was a ‘God of Thunder‘ and not hammers. Well, sometimes enterprises or businesses need an upper hand as well.

Someone who’d tell them where they are failing, develop new strategies, introduce new techniques and fortify their marketing plan. For example, search engine optimisation, paid promotions, influencer marketing, content marketing, distribution, they all fall under this exceptional division.

Here are some other exciting opportunities and most sought after freelance skills.

6. Freelance Music Producer

November 30, 1979, Pink Floyd released the greatest rock and roll album of all time called ‘The Wall‘. And the person responsible for polishing the guitar solos, haunting arpeggios, powerful vocals, and unforgettable words was Bob Erzin, the producer. Well, this is where your passion plays an important role. There are many artists, but only a few who can mould the wax and let it burn. So, do you think you can be the one?  

7. Freelance Unreal Programmer

If you are a gamer, then Unreal needs no introduction. For the rest, the Unreal engine is the world’s most open and advanced real-time 3D creation platform. It’s a real-time engine and editor that features photorealistic rendering, dynamic physics and effects, life-like animation, robust data translation, and much more.

Freelancers who are interested in creating video games, virtual production, 3D modelling and more can find this as a lucrative opportunity.

The gaming industry is rising, investors will soon pour funds, and there will be more prominent platforms like Esports to add fuel to this fire.  

“There is a huge potential” for gaming to grow in India. Gaming will be bigger than music, movies and television shows put together,” said Mukesh Ambani, chairman of Reliance Industries Ltd.

New challenges Freelancers face in 2024

Going solo is no mean feat. It takes a lot of hard work and persistence to prevail. However, despite the fast growth and healthy predictions for the future, the reality is that freelancers and Individual businesses within this ecosystem are facing numerous challenges.

1. Irregular and late payments

For freelancers, payment cycles are always uneven, and this can create an unpredictable financial crunch. To make things worse, freelancers often have to deal with late payments, and in some rare cases, clients renegotiate on payment commitments.

Studies show that 58% of freelancers have experienced not getting payments for their work. They end up spending inordinate amounts of time following up with clients for unpaid dues.

2. Income tax guidance

But just like every salaried individual, freelancers are also liable to pay taxes on their income. But it is slightly complicated for freelancers as they can have multiple sources of revenue. The revenue of a freelancer depends on their assignments and mainly are contract-based tasks for companies and organisations.

Income tax laws in India state that any revenue generated by an individual by implementing their intellectual or manual skills is considered an income from a profession. And the income you earn is the sum of all receipts that you get from your clients. 

You can be anyone from the following: Blogger, Vlogger, Digital Marketer, Social Media Manager, Consultant, Web Developer, Designer, Photographer, etc., to qualify as a freelancer for taxation purposes. 

From a taxation perspective, freelancers fall under small businesses. And paying taxes is considered a civic duty. Taxes help the government pay salaries, construct roads and public buildings, hospitals, and provide shelter and food to the less fortunate.

              Click here to learn more about the income tax guide for Freelancers

3. Lack of knowledge around GST

To some, it seems that GST is just for registered businesses, but nothing could be farther from the truth. Individual businesses and freelancers also come under GST laws. To find out how much GST you must pay for your services as a freelancer, simply use an online GST calculator.

This raises the demand for freelancers to create GST-compliant invoices. Freelancers are usually required to raise GST-ready invoices for their customers, and their lack of knowledge in creating these invoices becomes a real challenge in the way they accept money.

Be it an enterprise or small and mid-sized firms, the Goods and Services Tax (GST) has touched every sector of India’s economy. And, yes, even freelancers fall under its radar, but they may or may not have to pay GST.

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

“Freelancers who provide services must procure GST registration and pay 18 percent tax if their annual income exceeds the threshold of Rs 20 lakhs.”

4. Inability to showcase your brand

Branding isn’t just for large organisations or registered businesses. Branding is the secret sauce that aids in the success of a company of any size. And for freelancers, this becomes more important than ever.

While most freelancers have a necessary social media presence, they lack the technical know-how to be able to amplify their digital brand presence through websites and customised landing pages. This creates a significant difference in the perceived value that a freelancer brings to the table compared to a registered business.

5. Absence of seamless digital payment solutions

The most common way for freelancers to accept payments today is through cash or bank transfers. In both cases, management and reconciliation become a big headache. This problem is especially more pronounced for Individual businesses that have large customer bases or handle significant volumes. 

Think of a homepreneur who sells homemade pickles around town – reconciling payments received could take up a significant part of their time, which could be better spent on growing their business.

6. Cash is bad for business

Now this is a genuine story of most freelancers. Rahul is a budding musician in Bengaluru, who felt his calling and hustles on weekends. He is a crowd puller and has a right audience who tap their feet to his music, but the payment for his hard work arrives late and often comes in cash. 

Rahul has to follow up with the pub or venue or event manager to collect his freelancing payment. Sometimes he has to commute a long distance and return empty-handed. And fifteen days later, Rahul gets his payment in cash, which gets spent faster than the money kept in a bank.

How Razorpay provides solutions for freelancers in India?

If stats are to be believed, India has the second-largest number of freelancers after the USA and is home to one of the largest UPI or digital payment adoption in the world. One of the primary reasons for its massive adoption is the push from the government, multiple banks, and wallet players. 

When launched in 2016, UPI was just an addition to the evolving modes of P2P payments. However, the smooth, instant, and hassle-free usage have led this payment mode to become the champion of digital payments today.

In the effort of enabling digitalisation across the nation, UPI has been a role player. In other words, UPI has quickly been able to bridge through the set norms about the hassles of digital payments.

The mobile-only payment option has made its way to become the primary payment option.

Here are some stats: 

• Karnataka gets the tag of the most digitised state yet again by making up to 24.94% of the total UPI transactions that took place across the country. Among cities, Bengaluru was the most significant contributor eating up a whopping 35.5% of the share
• Maharashtra stood second in the row by contributing 15.2% with Pune contributing to 10% 
• Thirdly, the southern state of Tamil Nadu contributed 10.21% to the overall UPI transactions in January

As Razorpay oversees enormous volumes of digital transactions from all over the country, we were able to derive these insights based on how Indian businesses accept payments from their customers. Further, we also analysed how Indian consumers transact. 

All findings in this report are based on digital transactions made on the Razorpay platform from January 2018 to December 2019.

Check this out:

• Demand for digital payments have been at a consistent rise – 338% from 2018 to 2019
• Bangalore was the most digitised city in 2019 with a contribution of 23.3% of the total digital transactions carried out in the year, followed by Delhi and Hyderabad at 10.4% and 7.4% respectively
• UPI overhauled netbanking, cards, and other digital payments in September 2019, becoming the most preferred payment mode in India for the very first time
• UPI also saw the highest growth at 885% in 2019 from 2018

At Razorpay, we have unriddled the puzzle for freelancers and now accepting payments is going to be easier than ever.

We are proud to announce the launch of our much-awaited product – Freelancer Payments, to help freelancers and Individual businesses accept payments.

1. Razorpay Payment Links

Irregular payment cycles from clients are one of the primary reasons that make freelancers re-think about their decision to choose a project.

Also, they end up spending a ridiculous amount of time and money behind clients to follow up for unpaid dues. 

Today, most successful freelancers have a quick payment set up to get things started in the right direction and avoid any last-minute hick-ups.

Razorpay’s Payment Links can help freelancers or Individual businesses with a fast settlement or alternate payment option. In essence, you can create and share Payment Links for and provide flexibility to your clients.

Some of the key features are: 

• Accept your freelancing payments anytime and anywhere directly from WhatsApp, Instagram, Facebook, SMS and more
• Send automatic reminders to accept payments
• Showcase your brand by customising the payment links

Payment Links will now come with automated reminders, which are orchestrated by the system based on the payment status of the link.

These automated reminders will help you do the following:

• Increase the number of paid invoices and links
• Reduce cost and manual effort required to collect your freelancing payments
• Reduce the number of days taken by your customer to make the payment

Individuals can schedule the payment reminders based on the date of sending the payment links, if you set an expiry to the payment link, you can have the reminders sent before the payment link expires.

2. Razorpay Payment Pages

Branding is the magic potion that aids in the success of a business of any size. And for freelancers, this becomes more vital than ever. Almost every freelancer has a necessary social media presence, but the absence of technical prowess to strengthen their digital presence via websites and proper landing pages. 

Well, it doesn’t matter now. Empower your business with Razorpay Payment Gateway with complete online onboarding, minimum documentation, and start transacting within 2 minutes.

Whether you have a website or you don’t, whether you have an app or you don’t, you can still accept payments online through Payment Pages.

Some of the key features are: 

• Create beautiful pages for your brand in 5 minutes 
• Add Payment Page to your social media page and accept online payments instantly
• Go online with zero integration and tech efforts

3. Razorpay Invoices

Let’s clear the air, Individual businesses and freelancers also come under GST laws. Freelancers must raise GST-ready invoices, and lack of knowledge around this space has become a real concern. 

With Razorpay’s Invoices, freelancers and Individual businesses can create and send GST compliant invoices that your customers can pay online instantly. 

Some of the key features are: 

• Complete GST-compliant invoices
• Add GST, discounts and shipping details, all in one invoice 
• Customise and accept advanced payments for your freelance gig in just one invoice
• Customise your invoice

With no setup or maintenance fees and one of the lowest payment transaction charges in the industry, pay only when you get paid!

The future of the freelancing industry

Due to a rising number of the working population, in India, many people are getting connected digitally. According to a report by Truelancer, the gig economy has tremendously grown. It currently values the global freelancer market at $2 to 3 Billion, which is growing at an annual rate of 14%. And India is accountable for $1 Billion of the global market. 

Yes, technology has played an essential role to facilitate mobile working, and the appetite for more flexible work arrangements is driving today’s agenda.

As quoted by Steve Jobs, “Technology is nothing. What’s important is that you have faith in people,” and his words are more relevant today as most of the workforce is about to become mobile.    

The post Scope and challenges of Freelancers in India 2024 appeared first on Razorpay Learn.

From web designing to digital marketing, freelancers are hugely popular in tech and non-tech roles. A study found that web developers are among the highest-paid freelancers globally, making this one of the top 10 most in-demand tech jobs in 2021.

Many companies nowadays prefer to hire freelancers for development projects instead of full-time developers. About 40% of freelancers reported increasing their hourly rates after the pandemic.

There is no better time to become a freelance web developer than now. So, if you have been considering making this switch in the profession, we have all the details to help you get started and craft a successful freelancing career.

5 Steps to Becoming a Freelance Web Developer in 2024

There are over 1.5 million freelance web developers around the world. And when you are working remotely, you can be hired by any global company. This means you’re technically competing with millions of people with similar skills.

You need to know these five important steps to becoming a smart and successful freelance website developer.

1. Find Your Niche and Start Building

Web development is a broad term. To become a capable freelancer, you must have a specialized skill set. Start on that path by finding your niche and focusing your skills on that.

While beginners and fresh programmers are expected to have basic knowledge of everything relevant, developing your expertise in a few specific areas helps in long-term career growth.

• Front-end developers must have in-depth knowledge of programming, UI and UX elements, CSS, JavaScript, HTML, React, etc. It also helps to know basic SEO strategies.
• Back-end development skills include core, database, APIs, and server knowledge. So, the expertise areas can be PHP, MySQL, Python, JavaScript, Laravel, etc.
• Full-stack developers know both front-end and back-end systems. Typically, more experienced freelancers become full-stack developers to get better projects.

Once you figure out your niche, start building whatever comes your way. Trying your hands at various developmental tasks and projects can hone your skills and instill creativity and confidence.

2. Be Brave and Creative

To stand out among your peers, you must be brave and creative in your approach. Freelancers need a brand for people to remember them. If you display exceptional work and insights, your clients will be happy to recommend you for higher-paying projects.

Try out-of-the-box ideas when you have a scope, and find smarter ways to code and perform other development tasks. This will help you get noticed and also showcase your skills.

3. Create a Portfolio

Every freelancer has to keep their portfolio handy to show it to prospective clients. Building a portfolio website is a great idea. It consolidates all your work, creates a brand voice, and provides a platform to display your creativity.

A well-designed portfolio attracts clients and pushes you to prominence. Don’t forget to include testimonials, work samples, and reviews for visitors. A smart portfolio also tells clients that you are reliable and serious about your work.

4. Focus on Networking and Marketing

Skills can’t bring you to work if you don’t market them. Focus on the right marketing efforts to make your name and work known in the developer circles. Also, network with the right people who can set you up with lucrative projects.

Have an active social media presence, with regular updates on what you’re doing. Build a strong profile on platforms like Twitter and LinkedIn, and join tech discussions from your niche to get noticed.

5. Organize the Business Aspect

A freelancer is their accountant, HR, and manager. So, it is foolish to overlook the business aspect of your job. Be aware of legalities in the industry, gain basic knowledge of compliance factors, and maintain your accounts thoroughly.

Set up work terms and conditions, pay structure, and frequency, before taking up a project. Sign legal contracts that mention all terms clearly, so your hard work is always rewarded.

Conclusion

A website development freelancer can never be out of work. Freelancing can be a full-time job with high pay and equal responsibility. However, you have added perks like the freedom to choose projects and dictate rates.

To reach a secure space as a freelancer, you must invest time and effort in building your skills, creating a strong portfolio, and learning business aspects. Then, look up web development projects online and get on your successful journey!

The post Freelance Website Developer appeared first on Razorpay Learn.

In India, there are more than 15 million active freelance workers in various industries, such as IT, programming, finance, sales, designing, content, videography, etc. Reports say that one in every four freelancers worldwide is from India.

There are many reasons why skilled individuals prefer freelancing over working at a full-time job.

• The work hours are flexible.
• You get to work on your terms and decide your worth.
• You are exposed to diverse projects.
• You can build a strong portfolio with relevant work experience and testimonials.

The only downside is that you are not eligible for employee benefits, but an attractive pay scale can compensate for that. Data says that 44% of freelancing earnings in 2021 was higher than what people made working traditional jobs.

Here are the popular industries where freelance jobs are most in demand.

Popular Freelance Jobs

Although most industries have scope for a freelancer earning in some role or another, these specific job roles are the most popular when hiring freelancers.

Web Developer

The IT and programming industry is one of the most lucrative freelance markets worldwide. Freelance web developers are highly paid based on their skills, specializations, and years of experience.

Both front-end and back-end developers and coders are in high demand in all industries for small website building projects and enterprise-grade development tasks.

Content Writer or Editor

Content writers make up a significant percentage of all freelance workers globally. Even for profiles like blog writing, social media content creation, and proofreading, independent workers are highly sought after.

Freelance writers need knowledge of search engine optimization (SEO), keyword integration, and link building to excel in this field.

Graphic Designer

Along with UX and UI designing, graphic design is a popular freelancing industry. Graphic designing projects may require skills like website building, designing landing pages, making logos and brand visuals, creating media content, etc., for companies.

Source

Marketing Roles

The marketing industry is always in need of freelance workers. Relevant roles include digital marketing specialists, social media campaign managers, CRM managers, data analysts, SEO experts, etc.

These roles have a rising demand in the present market and are expected to open up more freelancing opportunities shortly.

How Much Do Popular Freelancing Jobs Pay?

The freelancing industry has remained afloat despite the pandemic. When traditional workers struggled with recession and unemployment, many freelancers even managed to increase their rates.

According to Indeed.com, the average monthly salary of a freelancer in India is about ₹22,011. The pay increases exponentially with experience and the evolution of your skillsets.

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

How to Drive Up Your Freelancing Rate

The figures above show freelance earnings’ average base rates in different industries. You can increase your price range in several ways.

• Gain work experience and drive up hourly or monthly rates over time.
• Build a diverse portfolio by working for different companies and project types.
• Acquire specialized skills. For instance, you will be paid more if you are a freelance full-stack developer specializing in a particular language or platform.
• Keep up with industry trends and new technologies to gain a competitive advantage over peers.
• Set the right price range for your services; don’t ever undervalue your work by settling for too less.

Conclusion

The emergence of remote and hybrid work cultures has boosted the value of freelance jobs globally. However, sustaining a stable career as a freelancer also involves learning new skills and consistently being on the lookout for interesting projects. With the right experience, portfolio, and exposure, you can get paid a lucrative amount and become one of the top freelance professionals in your field.

The post Freelancer Salaries in India: All You Need to Know appeared first on Razorpay Learn.

The Copyright Act 1957, Patents Act 1970, Trade Marks Act 1999 are some of the essential laws in India that every freelancer should know about. According to them, anybody who violates the statutes can be severely punished or fined.

What is Intellectual Property for freelancers?

Intellectual property (IP) for freelancers is any type of intangible creation of the human intellect that is used in business. This can include copyrights, trademarks, patents, and trade secrets. As a freelancer, it is important to be aware of your intellectual property and how to protect it.

Types of Intellectual Property

There are four types of intellectual property: copyrights, trademarks, patents, and trade secrets.

1. Trademarks

It safeguards logos, signs, language, or tonality that differentiates your offerings from that of others.

2. Copyrights

This segment always is often controversial. Copyright law protects your original music, background scores, scripts, book, web content, or any creative work. However, a mere creation doesn’t make something copyrightable. For example, an original written work needs to be published to qualify as copyright material. Ideas, facts, concepts, etc. won’t fit under this segment.

3. Patents

Often, businesses patent their innovations because someone else might do the same. Any new solution, creation, process, software, and product design business product falls under this category.

Related Read: How to Apply For a Patent in India?

4. Trade Secret

A trade secret is a piece of information that is not generally known and that is kept secret by a business in order to give it an advantage over its competitors.

For example, Coca-cola has a trade secret of not disclosing the secret ingredient of its beverage.

How to Protect your Intellectual Property?

There are a few ways to protect your intellectual property:

• Get a patent – A patent will give you the exclusive right to make, use, and sell your invention for a certain period.
• Get a trademark – A trademark will protect your brand name, logo, or other distinctive marks.
• Get copyrighted – A copyright will protect your original work of authorship, such as a book, song, or movie.
• Keep your trade secrets secure – If you have information that is not generally known and that gives you a competitive advantage, keep it secret.

In India, you need to register your Intellectual Property with the Office of Controller General of Patents, Designs and Trade Marks under the Ministry of Commerce and Industry, Government of India.

Remember, be the first to apply for registration.

How to Register for Intellectual Property rights in India?

To avoid unnecessary legal hassles and enjoy your rights, it is mandatory to register your Intellectual Property.

Trademark – Regulation of Trademarks in India is governed under the Trademarks Act, 1999, which abides with the World Trade Organization recommendations and Trade-Related Aspects of Intellectual Property Rights Agreement.

• Register : https://ipindiaonline.gov.in/trademarkefiling/user/frmLoginNew.aspx
• Registration is valid for ten years (Open for renewal after expiry)

Copyright – The Copyright Act, of 1957 (the ‘Act’) came into effect in January 1958. The Act has been amended five times: 1983, 1984, 1992, 1994, 1999, and 2012. The Copyright Act, of 2012 is the most substantial.

• Register here: http://copyright.gov.in/UserRegistration/frmLoginPage.aspx

Patents – A different ball game, Patent for a product or process should be a unique or new invention and has not been used in the public domain.

• Register here: http://ipindiaonline.gov.in/epatentfiling/goForLogin/doLogin.
• Registration is valid for 20 years

Design – As per the Wings of the Patents Office, India, an industrial design refers to the aesthetic aspects of an article. For example, shape or surface, 3D or 2D patterns, lines or colours.

• Register here: http://www.ipindia.nic.in/

The most important way to avoid any difficulty while defending IP rights in India is to be prepared. Always ensure to create a contract, have a written agreement and negotiate your terms.

After all, it’s your hard work. Don’t let it go in vain.

FAQ’s of Intellectual Property

1. What are the 7 Intellectual Property rights ?

The 7 Intellectual Property rights are Copyright, Trademarks, Patents, Industrial Designs, Geographical Indications, Plant Varieties and Integrated Circuits.

2. Who owns Intellectual Property ?

The owner of Intellectual Property is the person who created it.

3. Why is intellectual property important?

Intellectual property is important because it protects the ideas and inventions of individuals and businesses from being copied or stolen by others. This allows people and companies to profit from their own creativity and hard work, and encourages innovation.

Other resources for Freelancer

• Freelance Agreement Guide
• Freelancer Payment Guide
• GST Registration Guide for Freelancer
• Income Tax Guide For Freelancer

The post Complete Guide about Intellectual Property and Types appeared first on Razorpay Learn.

A freelance agreement is a contract between a freelancer and a client that outlines the terms and conditions of the freelancer’s work. This type of agreement can be used for any project or task that is completed outside of an employer-employee relationship.

Few details that are present in the contract are:

• Compensation: The agreed amount that needs to be paid after completion of work
• Timeline: A deadline set mutually by both parties
• Scope of work: Defines the freelancer’s nature of work during the tenure of the agreement
• Additional services: Payment terms set by the freelancer for any extra effort
• Late payment clause: A freelancer can charge an interest rate or set any other terms
• Advance payment: This clause allows freelancers to charge a specific sum in advance
• Termination: Circumstances under which the client can choose to terminate the contract
• Confidentiality: During the tenure, a freelancer should not disclose the work information to any third party
• Privity: Showcases the relationship between the client and the freelancer
• Jurisdiction and dispute resolution: Depends on the nationality of both parties

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

Documents required to prepare a Freelance Agreement

1. Address proof of parties that are involved in the agreement.
2. Identity proof of the business or company and the freelancer.
3. Documents that verify the names of the involved parties or organisations.

The Essential clauses in a freelancer contract

1. Scope or purpose of work
2. Timeline of the contract, termination and commencement
3. Payment timeline and mode
4. Verification of basic information
5. Most importantly, a valid consideration under Section 2(d) India Contract Act, 1872

Download Free Sample Freelance Contract Template

Here’s how a freelancer contract would look like:

Freelancer Contract

Dowload Template for free!

Benefits of a Freelancer Agreement

There are many benefits to having a freelancer agreement in place, including:

1. It Can Help You Get Paid
2. It Can Protect Your Intellectual Property
3. It Can Help You Avoid Disputes
4. It Can Help You Get the Job Done Right
5. It Can Help You Get the Job Done on Time

Frequently asked questions

Do You Need a Contract to Freelance?

Contracts for freelancers are highly recommended because it primarily exists to protect both the freelancer and the client. Through this legal contract, the freelancer is getting a guarantee of the money they will receive for the work delivered and the company is getting a guarantee of the work and deliverables they can expect.

What Does Freelance Contract Look Like?

A freelance contract should have the scope of work, the compensation given, additional services that may be required, the late payment clause, and the termination clause.

Are Freelance Contracts Legally Binding?

Yes, freelance contracts are legally binding

How Do You End a Freelance Contract?

You can end a freelance contract by activating the “termination clause” added in your contract.

How Long Can You Freelance for One Company?

There is no time limit on how long you can work for one company as a contractor. When working for a company long-term, it is important to remember what your role is and how it could be perceived from a taxation perspective.

Other resources for Freelancer

• Freelancer Payment Guide
• GST Registration Guide for Freelancer
• Income Tax Guide For Freelancer

The post Freelance Agreement Overview and Sample Template appeared first on Razorpay Learn.

Your loyal client might stop giving you projects without any proper notice. Thus, planning and staying productive are two important tips for freelancers to reach their targets. 

This year, remote working became the new normal – thanks to the pandemic. This made employers look at the possibilities of having freelancers onboard. Soon enough, companies opened up to exploring the scope of the gig economy. 

From an economic perspective, employers save on a lot of money hiring people based on projects. One could employ across geographical borders according to their requirements. The global reach of hiring talent makes it easier to have the best people in the team.

Now, there are many freelancers, just like you. Why should an employer hire you? It thus becomes important for freelancers to update their skills according to the needs of the industry. 

Tips for freelancers to stay updated 

Looking to upskill yourself but don’t know where to start? Here are ten different ways you can do that. Read on! 

1. Taking up online courses

Your next online course is literally one click away. From data science to art and history, you can find anything that you want to learn. Thanks to the internet, you can attend classes of world-class educators while sitting at home.

Learn about industry relevant tools for freelancers. One search will give you a number of options to choose from – paid, free, short term, long term, degree or specialisation courses. You will find these options available on various online educational platforms. Or you could just follow relevant channels on youtube and start learning. 

One of the major advantages of online courses is the flexibility of time. According to your schedule, pick the time, duration and platform that suits you the best. Make notes while attending these classes so that you can refer in the future.

2. Attending webinars 

Webinars are a great way to gain the latest industry insights. It gives you the opportunity to interact with senior professionals. Such webinars allow you to keep an eye on your competitors, meet prospective clients and make necessary business contacts.

Moreover, it is time and cost-effective. Usually, webinars are free or charge a nominal fee to attend. They are conducted for an hour or two, so you wouldn’t need to commit many hours into it. You can attend this from the comfort of your home.

To enhance the learning experience, make sure to keep away from distractions. Try to be interactive and don’t shy away from asking your questions. Interacting with fellow attendees is also a great way to start a conversation.

To make the most of webinars, try to note down the key points during the session. Write down a summary covering the major talking points right after the webinar ends. This will help you recall and eventually implement the learnings in the future. 

3. Reading books

Trust the traditional process. Pick up books written by leaders of your industry and start reading. You might also find autobiographies and biographies to know about the journey of the ones who made it big. 

Books give you a comprehensive way of learning. Not only will this help you gain the right knowledge but also improve your vocabulary and concentration. For better learning, you can highlight the key takeaways and refer to them again after a few days. All this while resting your eyes from the screen time.

4. Working on a project with your mentor

[bctt tweet=”When in doubt, ask the guru themselves! Discuss your aspirations and roadblocks with your mentor. Do not hesitate in asking for any tips for freelancers like you.” username=””]

Being in the industry for a long time, they will be able to help you better. To optimise your learning, ask your mentor if you could assist them on a project. Working closely with them will give you the better of things to work. This will give you the opportunity to gain better insights directly from an experienced industry professional. 

5. Assisting clients with ad-hoc work 

You are well-versed with the theoretical aspect of the new skill you just learned. But what about the practical experience? Having hands-on experience will make you apply your learning more effectively. 

Say, you are a content writer, can you also help your client with their social media? With the help of basic designing tools, you can extend your creative offerings. Can you also skim through data and tell them what is and isn’t working for them?

If yes, bingo! You just did the work of three people. Your client doesn’t have to hire different people. You can always charge more for the work you do—a win-win situation for both.

6. Asking for help from other freelancers

Get to know what fellow freelancers in your circle are doing. How is their business doing in the current times? What are they doing to keep up? Being in the same industry, they are more likely to relate to your struggles. 

Ask them about how they solved their problems and share your questions with them. You could simply follow them or learn from their mistakes. Maintaining good relations with your fellow freelancers might also help you land the right gig. 

Be sure you know what tax rate you’re subject to for your services as a freelancer. Get GST inclusive and exclusive prices with a GST calculator

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

7. Networking with peers

[bctt tweet=”Connect and talk to people in your industry. LinkedIn is a great platform for finding such people. Don’t just connect with veterans but also with the freshers in the industry.” username=”Razorpay”]

Help people out with their doubts. Guide a fresher with the easy traps to avoid. This will also give you the scope to look beyond your usual work and bring some fresh and new perspectives. When connecting with seniors in your industry, make sure your introductory pitch is interesting enough for them to connect with you. 

Networking will help you gain different perspectives and keep up with the changing trends. Who knows, the next person you meet might be your prospective client. So, go ahead and build your network!

8. Following blogs

Follow blogs and social channels of the successful people in your industry. By simply reading some of these, you could get a sneak peek into their journey and experiences. Keep an eye on when they share their tips for freelancers and make a note of it.

Leave a comment on their post and try to draw insights from their learnings.

[bctt tweet=”Remember when Sherlock Holmes said, “You see, but you don’t observe”? Don’t just read, observe the intricate details of their work and what makes it different from others. ” username=””]

9. Doing a part-time internship 

This back-to-college way of learning will help you move ahead with your career. As a freelancer, you choose your work timings and usually work alone.

A part-time internship will require you to work according to the organisation’s hours. This will also give you a broader view of how teams in big organisations function. You can always add the things that you learned in your portfolio. This will also help you to diversify your profile as a freelancer. 

10. Building a personal brand

Now that you have acquired the skills, time to let the world know. Leverage your social media for this. Start with writing LinkedIn, Twitter, and Instagram posts. Build a website to showcase all the work you have done until now.

Connect with people like you. Talk about all the things that you have learned. Share your tips for freelancers who are just starting out. By doing this, you will learn the hidden features of your regular social media sites. At the same time, you will build a community of like-minded people. Interacting with them will help you learn new things every day. 

Tools Freelancers Can Use To Keep Their Skills Fresh

If you’re new to the remote working environment and want to start freelancing, one of the first things you’ll have to learn is how to leverage online resources to continuously upskill and reskill to meet the demands and requirements of the ever-changing work environment. 

1. Online course marketplaces

Online learning platforms are designed as marketplaces to attract students and instructors alike. You can get access to specific courses designed and hosted by individuals or instructors. Sometimes these courses are free but the paid ones have perks related to a certificate of completion. 

• Udemy offers short courses on a wide range of topics that anyone can produce. Courses primarily revolve around tech, but you can find courses on design and other creative topics as well
• Udacity offers nano degree programs in partnership with various industry experts and entrepreneurs to cover various technology skills

2. Subscription based e-learning platforms

Lately, the demand for a subscription-based model that’ll give access to programs by paying a monthly fee is rapidly growing in the e-learning space.

• Skillshare is the cheapest option of them all, allows anyone to make a course, and caters majorly to creative production (e.g., graphic design, photography, writing)
• Pluralsight is priced competitively, partners with various industry experts, and caters toward technology skills (e.g., software development, IT ops)
• LinkedIn Learning covers a wider range of topics but also has stringent requirements on which industry experts are allowed to teach on the platform

While these subscription-based companies do charge for access, they also provide free course offerings with some limitations. 

3. MOOC platforms

Massive open online courses (MOOCs) are online programs that are free for anyone to enroll in. Here, all content is free and open, but some let you pay for accreditation.

• Khan Academy offers an impressive catalog of online video courses on their website and YouTube that have free access. These courses are structured like traditional academia, offering courses from preschool to college providing a school and college-like experience online
• EdX started out as a partnership between MIT and Harvard to list their high-quality college and graduate lessons online. They’ve also teamed up with hundreds of other universities to provide a college-like education for free. EdX offers the option to pay for accreditation via MicroMasters, professional certificates, and degrees
• Coursera partners with hundreds of universities to offer college courses online. Coursera also offers the option to pay for accreditation in the form of professional certificates and degrees

MOOCs often partner with universities to host classes online and remember, it’s important to pay attention to the certifications offered when paying for these free courses.

You can easily verify any business using a GST Verification Tool and minimize cases of fraud or any wrongdoings in the name of your business entity.

Conclusion 

In conclusion, whether you are an established freelancer or someone just starting out, constant learning is the only way forward. This would help you achieve your goals while building a personal brand for yourself. 

At Razorpay, we understand the needs of your needs and thus have built a solution for freelancers. Create GST invoices, send payment reminders or create custom Payment Pages – all in one place. 

Do you have any tips for freelancers? Let us know in the comments. 

The post Tips and Tools for Freelancers to Upskill Themselves appeared first on Razorpay Learn.

With more freelancers joining the cause, somewhere down the road, a fraudulent and immoral code of conduct causes a rift. Freelancers don’t get paid on time!

An unfair behavior, isn’t it? Today, we are here to explain some of the ways to avoid such situations as a freelancer.

You can easily verify and validate the GSTIN of a taxpayer with razorpay’s Free GST Number search tool

Simplify the Payment method for your clients as freelancer

There are a variety of ways to get paid as a freelancer or consultant. The most common methods are:

1. GST Compliant Payable Invoices

Razorpay GST invoices freelancers can customize and can accept advanced payments in just one invoice. Add GST, discounts and shipping details, all in one invoice and let the solution do the calculation for you.

Be sure you know what tax rate you’re subject to for your services as a freelancer. Get GST inclusive and exclusive prices for your services with a GST calculator.

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

2. Share Payment Links

Freelancers or Individual businesses with a fast settlement or alternate payment, can create and share Payment Links for and provide flexibility to your clients

3. Create Payment Pages

Many freelancers don’t have the technical prowess to strengthen their digital presence via websites and proper landing pages.

Well, it doesn’t matter now. Empower your business with the Razorpay Payment page with complete online onboarding, and minimum documentation, and start transacting within 2 minutes.

4. ePOS App for Freelancers payment

Freelancers, homepreneurs, and Individual businesses can create payment links within minutes using an ePOS App. They can share these links via Facebook, Instagram, WhatsApp, email, SMS and any other social media platform.

Razorpay ePOS App allows your clients to pay via any mode of their choice, like credit/debit card, net banking, UPI, wallets and more!

Related Read: What is WhatsApp Pay? How do you send and receive money on WhatsApp?

Other resources for Freelancer

• GST Registration for Freelancers
• Income Tax Guide For Freelancer
• Freelancer Agreement Guide
• Freelancers copyrights, Trademark and patents

The post How to Get Paid on Time as a Freelancer in India appeared first on Razorpay Learn.

According to Statista 2022 Facebook survey, almost 3 billion people were using at least one of Facebook’s core products (Facebook, WhatsApp, Instagram, or Messenger) during the last reported quarter.

And that is why Facebook can offer freelancers, homepreneurs and even large e-commerce companies a plethora of opportunities to sell their products or services. Here are some of the popular ways to sell on Facebook: 

6 Ways to Earn money from Facebook

1. Facebook Marketplace

You can call it the Craigslist of Facebook. But the Facebook marketplace is a good option if you are looking to sell your old belongings, renting out your place, selling your old bike, etc. To kickstart, go to Facebook Marketplace and click the button ‘Sell something’. 

2. Facebook Shop 

The Facebook shop is an initiative by Facebook to help small businesses, which allows users to sell their products via their Facebook page. To add this tab on your Facebook page, switch to the shopping template and select the ‘Shop’ option on your business page. 

Here’s how you can add your product: 

• Step 1: Click the shop tab and press add product.
• Step 2: Update your product title.
• Step 3: Select your product images or short videos and upload.
• Step 4: Add product information and other features.
• Step 5: Add your inventory count.
• Step 6: Recheck and add delivery options, return policies categories, etc. 
• Step 7: Press save

Note: Your product should follow Facebook’s policies. Updated products are displayed in the store after 24 hours.

Difference between Facebook Shop and Facebook Marketplace

3. Website builders for Facebook

Creating a Facebook Store via Facebook also has a unique set of flaws. Improper synchronisation of payment methods, low-quality product images can be a roadblock for sale.

A website builder maintains the balance of these itsy bitsy frustrations with its advanced functionalities, which helps you to manage your store easily. 

Freelancers can accept payments without a website by using Razorpay payment pages for many clients and Razorpay payment links for individual clients.

Also, you can direct your customers to your website or ask them to checkout on Facebook Shop. Website builders like Shopify help users to quickly set up their Facebook store and have exceptional features and functions to boost your businesses’ online presence. 

4. Develop an app on Facebook 

If you are a freelancer who is willing to invest in technology, then Facebook can be the right platform for your business. Freelancers can create engaging web applications using metrics and learning on Facebook, or you can always hire skilled developers for the same. 

Here’s a sneak peek of Facebook for developers process. These documents explain how to register, configure, and develop your app so you can successfully use Facebook’s products, APIs, and SDKs.

5. Become an Influencer on Facebook

The term ‘Influencer’ might sound cliche as the current situation has drawn flank on many celebrities. Here’s the bright side; everybody is online! According to a report by Statista, users have used social networking applications for approximately five hours between March 28 and April 3, 2020. 

With a digital population of more than 700 million in India and a billion active users think of the wonders a freelancer can do on Facebook. Upgrade your copywriting skills, and spread the right word. 

6. Affiliate marketing on Facebook 

Affiliate marketers stay relevant and stick to a particular product or service, whereas an influencer on Facebook can promote multiple products and services.

To earn money, you have to select a product or service from any affiliate marketing website like Amazon and Razorpay. 

Copy the link and share across your network, the code in the link will detect every conversion and reward you as per company standards.

Related Read: GST For Freelancers: Registration Process, Rates and Calculations

How to Monetise your content from Facebook

Content shared from pages, accounts, and users is an integral part of Facebook’s ecosystem.  With Facebook’s monetisation tools individuals and organisations can generate more meaningful and reliable revenue over time. 

Eligibility for monetisation: 

• Apply to any Facebook tools that allow you to make money from your content
• Creator Studio gives you a quick way to keep track of your eligibility status.

To check your status and learn how to apply, go to the Facebook section in the creator studio, select the Monetisation tab and click overview.

1. Earn money from In-stream ads 

Let’s say your freelancing videos generate more than 10,000 views. By including In-stream ads in your videos will help you earn money from Facebook, which will be determined by number views and reputation of the advertiser.

More video views will help generate more revenue. Users can also customise ad placements. In-stream ads work better for longer videos and suitable content for advertisers. 

2. Earn money from fan subscriptions

Pages with a large and active following who are interested in offering exclusive bonus content can add a paid subscription to their pages.

Fan subscriptions will allow legit followers who care most about your page to directly fund it through monthly, recurring payments that you set. 

3. Earn money from branded content

Freelancers can generate revenue by collaborating with brands by publishing featured content and also promote products on their page. Brands and page owners can use the ‘Brand Collabs Manager’ and make their collaboration more impactful.

4. Earn money from subscription groups

Group admins with an active community, subscription groups, enable group admins to sustain themselves through subscriptions.

How should freelancers market themselves on Facebook?

Before you start, make sure your product/service complies with Facebook’s policies, you have the right pricing, know your target audience and can convince people to buy through great copywriting.

Here’s your marketing checklist:

1. Create engaging content

A page that screams out ‘Buy’ is like Netflix without Narcos. Basic psychology, people frequently visit the page that has unique content. It makes them feel about the business owner (You), they build a persona, and the sale depends on that image. So who are you going to be?

2. Free giveaway

I remember, Milo, a chocolate malt beverage company organised a 400-meter running competition in my school, and everybody participated for fun.

Of course, the fastest won medals, but the remaining participants received a magnet dinosaur and unlimited Milo drinks.

Who’s crying now? Everybody was happy, and perhaps, the only reason I’m pointing it out today. Freelancers need to find out the most active and responsible person on their page and make them feel special.

Rewarding your engaged audience will encourage more conversation on your page, and one day you might have an army of brand guardians.

3. Encourage users to generate content

Our generation eats and sleeps memes, even the ones who pronounce it ‘may-may’ are part of this new culture rage. If your business is good at humour, then there’s no harm in exploring memes. 

Whereas, product testimonials posts, callouts, reviews, and customers tags can always inspire people to remain glued to your page. But don’t limit yourself to polls, selfie contests, Q&As. Make new ones and ‘slay them may-mays’. 

4. Sponsored content and ads

Organic content is considered as the stronghold of any business, but paid posts adds extra flairs to your suite. 

Here’s what you need to remember before you jump in:

1. Run a pilot campaign
2. Craft the right message 
3. Address the pain point
4. Find the catalyst of your product/service
5. Create a lead magnet 

It is like the Pareto Principle: 80 percent of your income comes from 20 percent of your effort, but you need to figure out how and where to utilise the 20 percent effort. 

Finally, the new algorithm changes on Facebook’s news feed has got everyone worried. Yes, the social media giant will prioritise posts from friends and families over branded content. 

Well, don’t keep all of your eggs in one single basket, distribute them.

Other Social Media Money making Guide:

• Earn Money on Instagram
• Earn Money on whatsapp

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