14 responses to “Freelancers' Strategies for Prospering in Bad Times”

  1. Carolyn Permentier

    Hi Michelle,

    Great posting!

    One of the things I’m doing is to partner
    with hand-picked clients.

    This way, I become more of an integral part of
    their operation.

    Play this one right, and you can figure yourself into a revenue share! Pretty cool.

    When times are hard, as they are in many circles, coming up with lots of creative ways to ‘get er done’ is appreciated by clients … a lot!

    Big caveat — one must feel/know that there’s a very good upside potential for this. Especially, if you’re considering lowering your fees.

    It’s a bit of a high-wire act, but if a client is short on current cash, but looks like a good ROI, you may just be able to come up with an arrangement worth trying.

    Try to get as much proof of potential, reputable person/company, current profits, projected profits (and what they’re based on), etc.

    When you can SHOW that your work DOES increase sales … clients will be knocking down your door to work with you.

    Just be careful. Listen to your inner voice about who they are and what the potential is.

    And ALWAYS write up an agreement, stating exactly who does what and for what and under what terms/conditions.

    Hope this helps?

    Check out my blog (if I’m allowed?) at http://blog.kickasscopywriter.com

    I’ve derelict this month! Too busy making deals. :)

    Thanks again,

    Carolyn

  2. David Howard

    Good stuff Michelle! It’s got me re-thinking my self-promotion pitch.

  3. AnnaLisa Michalski

    Great post, Michelle! Wow, I was expecting a short summary, not a fully developed article with a linked credit. Many thanks for that!

  4. Polly Traylor

    Lots of great advice here. Even just being reminded of some of the good networking tips is useful.

    I also think that in a downturn economy, not every industry is going down. Some are going up, or less affected. Do some research into industries that are receiving a lot of VC attention, or have a need for solid comm people. For instance, biotech. Be prepared to accept a lower rate as you get yourself up to speed in a new area. Also, consider doing work for smaller clients that may not have the highest rates, but offer work that you have expertise or prior experience in — and will not require a lot of legwork for you to take on.

  5. Robert Dolezal

    I think that you did the freelance community a great service by summarizing all your sources into a simple outline for great marketing. Congratulations.

    I hope that you will next address the issues raised by offshoring editorial work–copy writing, copy editing, substantive editing, etc.–that causes the end product to become disjointed from the culture of the country for which the product is intended. It’s a problem I noted many years ago on imported books that failed the “American native context” test–as I am sure U.S. books do in other countries.

  6. Taking My Own Advice on Beating Bad Times « WordCount/by Michelle Vranizan Rafter

    [...] was bummed. But I’d just finished writing here about smart things freelancers can do to weather bad times. So I had to take my own advice. Later the same day, I needed to send a separate pitch to a [...]

  7. Matt Keegan

    A down economy seems to work for my benefit. As companies trim staff, they realize that some work cannot be handled in-house, thus I get contacted to do a project no one else can or will handle.

    Offering your services to companies who need to have holes filled without hiring staff is the best approach to getting new work. When the project is done, everyone moves on.

  8. Corinne McKay

    Thanks for this great post, it is excellent advice for freelancers of all types (I’m a French>English translator and blog about translation). Another piece of advice that I’ve heard and liked is to think upmarket rather than downmarket when the economy gets tough. Rather than cutting your rates or competing on price alone, look for higher-paying, quality-conscious clients who are willing to pay top dollar for your services (and of course, be ready to earn it!).

  9. Strategies for sustaining a freelance business « Thoughts On Translation

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Michelle V. Rafter

Reporting and blogging about business, tech and media.

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It's been a busy fall here at WordCount world headquarters. Go to the Clips page to see stories I've done recently on everything from avoiding Twitter faux pas to the latest trends in employee rewards programs, how small businesses can benefit from the Obama Administration's economic stimulus program to how to take a deadbeat customer to small claims court. Read. Comment. Enjoy.