Starting a business from home is not for everyone.
Running a successful home based business requires determination, good planning, persistence and discipline.
If you’ve decided to become a freelance translator you are most likely passionate and serious about what you do, and committed to creating a balanced lifestyle you love.
Do not settle for any translation jobs you get. You are in business. Follow these tips to boost your income:
1- Set measurable goals and adjust them periodically
When starting a business from home, you need to figure and map out how much money you can make for the year and set out the strategies to make that happen.
Set aside your vacations and downtime in your calendar before you start – you’ll appreciate them when the time comes. Make sure you have a scheduled break that keeps you free of all deadlines and business obligations.
2- Make marketing your priority
Starting a business from home requires you to recognize the importance of marketing. The success of any business depends on a great marketing system, and implementation. If you only market when you lack clients or have no or few job leads, your business is going to experience feast and famine.
Marketing counts for at least 50% of your business. You simply can’t go far without marketing. So never put it on your backburner even when you have a dozen deadlines to juggle.
Send out that thank-you card or pick up that phone or follow up with the new contact you met the day before. The time you spend on marketing will reward you in the short and long haul, so budget your time to include these tasks.
3- Manage your time wisely
Make sure you map out your priorities at the beginning. Spend more time working on ones that will generate money or leads. Find the best time to cold-call your past and prospective clients, and make it a weekly exercise.
If you are not good at doing these things, find a partner who is. Control the urge to watch over your emails, surfing the web or jumping up to do the laundry.
Remember, focus on your main tasks, while setting aside specific moments for other duties. If you don’t, you’ll soon find time slipping away without any real progress made. Set hourly goals if necessary to avoid interruptions and distractions.
Let’s admit it – you can’t do everything on your own. If you don’t get creative and outsource some of your other tasks, you’ll soon be buried in day to day chores. That’s exactly why most freelance translators stay freelance as opposed to having a thriving business.
Whether it’s pairing up with fellow translators, hiring freelancers, think of it as an investment. You will pay for it one way or the other – either in a fee to free you up, or in vital time away from building your business.
5- Build a support network
Working from home can be isolating. It’s extremely important to have a support network when starting a business from home. Use the local chamber of commerce or women’s business group to find a possible home-based business mentor.
Get out there and meet others who’ve been operating and chasing that self-employment dream. Be ready to ask questions and share experiences.
Team up with someone in similar situations to provide support and hold each other accountable. Compare your strategies, inquire about other ideas, and push each other to reach weekly or monthly goals.
Make sure this person shares your motivation, passion and has a positive attitude. But remember that this is your dream, your goal and that you are responsible for your own success.