The Wealthy Freelancer Summary

“The Wealthy Freelancer” consists of twelve chapters, each an insight into a separate idea of how to become wealthy and lead an enviable lifestyle.

Let’s look at all twelve, paragraph by paragraph.

Secret 1: Master the Mental Game

Freelancing is more difficult than having a job, because you are under constant pressure of finding work – which is usually your boss’s concern.

However, you can overcome this by accepting it. And you can do this by memorizing a simple acronym: IDEA. It stands for:

• Invest. Buy books, go to seminars, visit conferences. In short: learn everything you can about what you’re doing.
• Develop confidence. Belief in yourself.
• Expect that your self-belief will be tested. But, don’t forget that it’s only temporary.
• Absorb the success. If things go well – enjoy it.

OK, that was a long and an obviously important secret!

Moving on to number 2!

Secret 2: Simplify the Process of Getting Clients

It’s easy – because the authors provide you with a 5-step equation for success, the Master Marketing formula. It goes like this:

• Make a list of your Top 200 dream clients. Be specific and exhaustive.
• Start contacting them one by one with your portfolio.
• When a company is interested, turn it into a client.
• Give it a competitive and reasonable, but non-negotiable quota.
• If it fails – move on to the next client.

You already knew this?

But what about our secrets 3-5? They are all marketing-related:

Secret 3: Create Your Amazing Buzz Piece

Your buzz piece is your ticket to success. It has to be both original and appealing. But it also has to be targeted at the right audience. And it has to have a brilliant title.

For example, if you are a designer, try something along the lines of “A Five-Step Strategy for Selecting the Perfect Logo Design.”

Secret 4: Employ High-Impact Prospecting Tactics

As great a buzz piece usually is, your marketing tactics must be more efficient than it.

So, smartly use the Marketing Effectiveness Matrix (MEM), join boards and committees that may be useful, and volunteer wherever possible.

Secret 5: Cultivate Repeat and Referral Business

Don’t sever contacts with former employers: there might be new projects in the future, so you’d want them to think of you when those come.

Also, always ask for referrals. You’ll need them to grow even when successful.

And now it’s all about the money: secrets 6 &7!

Secret 6: Nurture Prospects Perpetually

Most freelancers sometimes have loads of work, and sometimes no work at all. Solve this problem by using the DIP technique. First, discover your passion, then identify the market, and, finally, position yourself within it. Afterwards, clients will

Secret 7: Price Your Services for Success

And this means few things, but the most important is probably project pricing. Hourly rates are not so great – since there’s a lot you won’t get paid for (marketing, bookkeeping, etc.) and since you can’t really improve.

With project pricing – you can! Because, once you become better, you’ll finish your job faster and get the same – if not more – money!

Finally, it’s about organization: secrets 8-12!

Secret 8: Bring Focus to Your Freelance Business

We’ve already talked about focusing. And you’re probably already aware of a thing called the Pomodoro technique (you can read some more here). Well, that’s how you become a wealthy freelancer: when working – you work.

In this case, in chunks of 50 minutes. With no distractions whatsoever!

Secret 9: Boost Your Productivity – Without Perspiration!

Studies have shown that if you find your optimal working hours and stick to them, you’ll get a lot more done in a lot less time.

So, what’s stopping you?

Secret 10: Construct Your Own Work-Life Reality

As jobs start to pour in, start organizing them better. Outsource the things you hate, and work only as much as necessary on those you like.

Balance is not a quest. It’s your right.

Secret 11: Create Alternative Streams of Income

A serious problem every freelancer faces down the line is the problem of having a normal life. Namely, the more a freelancer works the more he or she earns – but the less he or she lives. To overcome this problem, find a way to earn money passively.

Create ready-made products, author books and podcasts, sell seminars. That way, even when you’re not actively working, you’ll be still earning. In other words, less doing and more living!

Secret 12: Live and Work in the Wealthy Triangle

The three points of the Wealthy Triangle are a) great income, b) freedom to choose your jobs, and 3) having flexible working hours.

Follow these steps and you’ll achieve this.

Guaranteed.

Key Lessons from “The Wealthy Freelancer”

1.      Freelancing Is Great!
2.      You Can Be a Wealthy Freelancer
3.      It’s a 12-Step Program

Freelancing Is Great!

It may be difficult in the beginning, but, after a while, it is as good as it gets. You’re your own boss, with a healthy income, and flexible working hours.

That’s right: it’s the life you’ve always dreamed about!

You Can Be a Wealthy Freelancer

Many of the wealthy freelancers you’ve heard about – including the authors of this book – are just normal people. The only difference is – they’ve obtained healthier habits.

Here’s your chance to do the same.

It’s a 12-Step Program

Look at the Amazon reviews. Most of the people say the book works like a charm.

We’ve uncovered for you each secret in the summary. Your move.

“The Wealthy Freelancer” Quotes

A wealthy freelancer is someone who consistently gets the projects, clients, income, and lifestyle he or she wants.Wealthy freelancers don’t just make a living. They design a fulfilling and meaningful life.It’s crucial for every aspiring wealthy freelancer to get comfortable with the idea – and the feeling – of being in control. Most freelancers are completely out of control.Research continues to tell us that most people simply do not take the time to set goals and put them in writing.You have to believe you will succeed. I know, this sounds cliché, but recognize that this alone is the number-one determining factor in whether or not you will achieve your goals and realize your true potential.