The first step of any freelancing career is to do the necessary research before stepping into the freelancing world. One needs to do the best research possible.
There’s a very big misconception that starting and running a freelance business is free. Many people think that a freelance web designer, freelance content writer, or even a freelance graphics designer has no input costs.
While there are many freelancers who have lower startup costs, but nearly all of them have to have certain savings that they can use to set up their freelance business expenses. This post will list out all the overhead costs in freelance web design that you may expect in the process of becoming a freelance web designer.
A. Domain Name And Hosting Services:
Since you want to become a freelance web designer, you are required set up your own personal site to showcase your talents and as a contact point for potential clients. This personal site can either be your blog, or your online portfolio website or a combination of both. While there are many readymade themes available in the market (particularly for WordPress, I’d recommend you to invest in a distinctive premium or a custom theme. Since you are creating your site, you need to have a domain name and a web hosting service. These ingredients come in exchange of some cash.
B. Required Software:
You’d definitely be taking help of some software/s in your freelance web designing career such as email management softwares, editors such as Dreamweaver or Notepad ++ and an antivirus software . Buy such softwares instead of downloading the free versions of it. This will allow you to continue your work without any obstruction. But make sure that you choose the best softwares and pay the correct price for it. For this, use the free version for some days and check if it meets your freelance business expenses requirements.
C. Desk Space And Other Supplies:
You may be getting a free computer, an internet connection, a desk space and other supplies in your office. But now you are on your own. You have to get your own computer, internet connection and other required supplies. Get the best computer hardware and the required internet connection that meets your business requirements. The faster your internet connection is, the faster will be your downloads and uploads. Be sure that you have a proper workspace which includes a comfortable desk/table and a chair. You may to have to work a lot. Be prepared for this from a work space point of view. You may also require printers, phones, scanners or fax machines for your work. Spend money on only those equipments which you think will be able to improve your efficiency.
D. Subscription To Other Resources:
Software is not the only thing that you’ll need in your freelance web designing campaign. You will also have to subscribe to other resources such as stock photography sites, for example istockphoto , shutterstock, graphic design resources such as Medialoot , Paypal services etc.
E. Advertising Or Promotion Cost:
At one point or the other, every freelancer in his/her career incurs costs related to the promotion of their business. Such overhead costs in freelance web design include, online/offline advertising, stationery costs, business cards, promotional items such as gifts and takeaways.
On top of this, you may also consider living expenses, additional emergencies and any kind of money flowing path. A formal budget is not needed, but a smart freelancer always know how much to charge for his/her service, how much to spend and how much to save. Once you’ve researched the overhead costs and expenses, it’s time to take upon the tax and insurance costs which are discussed in the next post for freelance business expenses of this guide.
What expenses did you incur at the start of your freelancing career? Are there any other overhead costs in freelance web design that you’d like to elaborate? Do list them in our comments section to help our readers start their freelancing career.
If you are looking for a step by step process to start your own freelance web design, you can visit our Complete guide to become freelance web designer to reach near targeted visitors. Please feel free to leave any comment you have in your mind.