There are nearly 15 million independent contractors in the United States. For most people, becoming an independent contractor is something they do to interject more flexibility into their work situation. If you are contemplating entering the world of independent contractors, you need to plan out this process to avoid mistakes.
While there are a number of benefits that come with being an independent contractor, there are also a number of pitfalls. Mitigating the risks associated with going into business for yourself is only possible with research and hard work.
The following are some things you need to do to become a successful independent contractor.
1. Proof of What You Can Do
Whether you specialize in building websites or detailing vehicles, you need to provide consumers with proof of what you can do. Before a person hires an independent contractor, they will research them thoroughly. This is why developing a portfolio of your previous work is a good idea.
Investing in a website designed to showcase your work can help you land more leads over time. Not only will you need to have an online portfolio, you also need to put positive reviews from past customers on your website.
Providing this social proof can help you establish trust with consumers right away. The time and money invested in creating an online portfolio will be worth considering the attention it can help you garner.
2. Keep a Close Eye on Your Finances
One of the biggest concerns you should have when becoming an independent contractor is finding a way to save money on taxes. Most people fail to realize just how much independent contractors have to pay in to the IRS each year. Keeping track of what you make and the business expenses you have is crucial when trying to avoid tax problems.
If you hire individuals to help lighten your workload, documenting the hours they work is crucial. Providing these individuals with a pay stub is crucial when trying to keep good financial records.
If you search around online, you can access a free pay stub generator. With this free tool, keeping up with the money you are paying employees will be a breeze.
3. Focus on Providing Excellent Customer Service
Consumers and business owners have tons of independent contractors to choose from. The only way to keep your clients loyal is by providing them with top-notch customer service.
Being willing to go above and beyond for your clients can help you develop a great reputation in your industry. The key to keeping customers happy is mastering the art of under-promising and over-delivering.
Are You Ready to Become an Independent Contractor?
Becoming a successful independent contractor is no accident. You will have to devote yourself to mastering your craft and providing great service to achieve your business goals.
Looking for more information about becoming an independent contractor? If so, we have many other blogs on this subject you can read.
