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How To Make $24,000 In 4 Weeks Freelancing Online

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How To Make $24,000 In 4 Weeks Freelancing Online

If you had to make an extra $100 this week, could you do it? Most people would probably say yes.

But what about an extra $1,000? Hmm…now that’s quite a bit harder. Most of us might have a difficult time getting that amount of money together at a moment’s notice.

How about an extra $5,000? If you had an emergency, could you pull together a spare $5k for an unplanned expense? For 99.9% of the population, the answer is a resounding “Hell No!

But it doesn’t have to be that way.

In today’s article, I’m going to show you the step-by-step process I used to make almost $24,000 in a single month — that’s just about $6,000/week.

I didn’t borrow the money from a rich uncle or do weird, illegal things to get it. I simply used skills I already had to pitch myself and start a freelance business.

I’ll break down exactly how I did it below — and if this article helps you, read to the end, where I’ve created a free bonus full of advanced material + strategies.

“Sell yourself first, if you want to sell anything.” – Burt Lancaster

When people ask me what the best ways to make money are, sometimes I laugh. Not because the question is stupid, but because, well, there really is no “right” answer. The truth is that almost anything can make money. But first, you have to change your mindset.

You must start viewing your skills and experiences as bankable, valuable resources worth paying for. You (yes, you) can help someone with skills and knowledge that you already have. The easiest way to do this is by freelancing. (If you’re struggling to think of valuable skills, here are some ideas and specific examples.)

All that being said … I have good news and bad news for you.

The good news: There are several online freelance marketplaces like Elance and oDesk that allow you to offer your services, get clients, and start making money quickly, even if you’re a complete beginner.

The bad news: These freelance marketplaces can be extremely competitive and overwhelming. If you don’t know what you’re doing, the competition can be very intimidating.

But don’t let that discourage you.

Today, I’m going to show you the simple “hack” I used to make $24,000 on Elance in four weeks designing simple WordPress websites. (Note: the strategies here apply for any freelance skill, not just web design.)

If you stick around until the end, I’ll also give you some tools to help you get an even bigger jump on the competition.

 

Step 1: Use sneaky research on your competition

Before you start, you’ll need to know what exactly you’re getting yourself into.

Specifically, you need to know:

  • Exactly what strategies your successful competitors use to stand out in the crowd
  • How you can completely obliterate them by being ridiculously over-prepared

To find the answers to these questions for myself, I posted a fake job to see what types of responses I would get. I recommend you do the same!

Here’s what I posted on Elance:

Fake Job
My goal was to attract my competitors and see what types of proposals they sent me — then use that knowledge against them.

One note here: It’s not really necessary for you to post a fake job like I did in order to get good results. The big idea here is to show you what happens when you actually test your process and then act on those results.

Here’s what I learned with the results from my test …

 

Step 2: Analyzing the results

Within 30 minutes, I received almost 100 proposals — and I learned two very valuable insights:

  • Over half of the applicants to my job were non-native English speakers.
  • Most people were submitting “canned” proposals without any personalization.

Once I figured these critical pieces of info out, I knew I had a unique angle. Why?

Well, most people hiring freelancers are from the US/UK — which means that oftentimes, there’s a language barrier. People are always more comfortable communicating in their native language.

And because of this language barrier, most proposals were very dry and uninteresting.

Here’s one that I received …

Job Proposal
See what I mean? What a snooze.

You can do much better. Here’s how …

 

Step 3: How to stand out and start booking jobs

To stand out against a sea of freelancers, you have to show that you understand your potential client and provide them with a reason to give your proposal a second look. Your approach should feel warm, engaging, and above all, personalized.

Nobody wants to feel like they’re #573 for the day.

Research your prospective client’s profile beforehand and look for these details:

  • Purchase history — Do they regularly hire on Elance? If so, this is a good sign that they are serious.
  • Feedback history — What type of feedback do they have for freelancers they’ve hired in the past. What have they liked/disliked?
  • Personal details — Name, interests, location, etc. Anything you might be able to relate to and build some rapport.

“Why fit in when you were born to stand out.” – Dr. Seuss

The knockout punch: video “mini-pitches”

Once you’ve rounded up all this information, use it to create a short “mini-pitch” with an unlisted YouTube video.

Your “mini-pitch” should:

  • Be 90 seconds or less
  • Introduce youself and give a very brief background
  • Tell them why you like their specific project (so they know you actually read it)
  • Offer a simple “call to action” to get in touch with you

Bonus: if you can include some relevant personal details that you have in common, it helps.

From there, the process is simple. Rather than sending a regular proposal like everyone else, just send them a quick message with a link to your custom video.

This method works SHOCKINGLY well because it differentiates you from the crowd and shows that you truly care about what they’re working on.

You can’t fake that.

Difference

Get the step-by-step strategies, videos and scripts I used to make $24,000 in 4 weeks

At this point, you’re probably wondering what this approach actually looks like in REAL life.

I put together an extended guide on “Hacking Elance” that includes:

  • The exact scripts and screenshots I used to book jobs and negotiate with clients
  • Real “mini-pitch” videos I sent that resulted in thousands of dollars
  • The biggest mistakes people make when trying this approach (and how you can avoid them)
  • A checklist for dealing with common client objections


You can grab the strategy guide here for free.

Daniel DiPiazza is the Founder of Rich20Something, where he writes about starting a business you care about, living a happier life, and occasionally, bacon. If you liked this article, be sure to join the Tribe by signing up for his free newsletter.

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6 Comments

6 Comments

  1. Gabans

    Sep 29, 2015 at 5:17 pm

    This is a wonderful article.Very inspiring!

  2. Digital Marketing Assistant

    Jun 22, 2015 at 6:02 pm

    Daniel is very knowledgeable when it comes to running an online business. I encourage you to join the tribe. I am a subscriber and get tones of information.

  3. Jagdish Kashyap

    Jun 19, 2015 at 7:27 pm

    Great one!
    Very useful for freelancers!

    Cheers!!

  4. Lawrence Berry

    Jun 17, 2015 at 4:03 pm

    This is some great advice to help you stand out from the crowd. I actually tried Olance and Edesk some time ago, just to see what it was like, and like you said it was very over-whelming. Every job offer that I was interested in had so many people who had already earned so much and had credibility sending their proposals. But, this is a great way to outshine them. I would also state to be ready to give any of the latest work you have done to seem more creditable and professional. I really like that you said add a video as well, that would be a nice touch!

  5. Addicted 2 The Grind

    Jun 17, 2015 at 12:38 pm

    This Post oversimplifies the process of making 24k extra a month. Its definitely possible but you failed to mention the hard work and that just created a 90 second video and having good pitches isn’t going to guarantee the readers a boost in income. I feel the was this was a pitch for your website , so you can build your email list rather than actually trying to inform the readers. There are some good take always and it is well written.

  6. eBizGuide

    Jun 17, 2015 at 9:34 am

    You need to create 2 separate accounts at each freelance site. One as a freelancer. And other as a buyer (fake buyer) for spying the competitors.

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Entrepreneurs

What if Elon Musk Ran Your Business? 4 Lessons From the Real Life Iron Man

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The story of Iron man and Elon Musk starts when Robert Downey Jr. visited SpaceX headquarters miles away from the setting of the first Iron Man movie back in 2007. The actor was inspired to base his character on Elon Musk’s personality. Ashlee Vance writes in Elon’s biographyboth Musk and Stark were the type of men, according to Downey, who ‘had seized an idea to live by and something to dedicate themselves to’ and were not going to waste a moment.” (more…)

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5 Ways to Prepare for Your Entrepreneurial Journey

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There are many ways to get ready for entrepreneurship regardless of whether you’re ready or not. The migration to the unknown will take you through many places, emotions, and people. Your journey will be both easy and difficult, but hopefully in between, you prepare yourself with an expectation of helping people by solving problems. The quest that you are about to enter will be one to remember if you are willing to adapt quickly and not give up.

Arranging for this huge change in your life should be one of the most memorable expeditions that you will ever experience. Looking into the future and being able to lay out a road map for your entrepreneurial journey will definitely be beneficial. Though there will be challenges every step of the way, being prepared will help you achieve your goals more efficiently.

To help you get started, here are 5 ways to plan an entrepreneurial expedition:

1. Form Ideas By Visualizing And Writing Them Down

Before beginning your entrepreneurial quest, brainstorm to come up with many amazing ideas even if you never act upon each of them. It’s always a good thing to write them down on paper, computer or via a mobile device app such as Google Docs. An abundance of suggestions about your processes is better than none or even a few objectives that can possibly help in some way.

The key is to breakdown those ideas to come up with better solutions to move forward in your voyage. See what’s more in line with your mission and values to be effective for your core audience, products or services that you may want to create. Whether you categorize those ideas or check them off one by one, coming up with different concepts will be a great start to your journey.

“Creativity is contagious – pass it on.” – Albert Einstein

2. Begin A Pattern Of Consistency By Quitting Bad Habits

Repetitive actions can present their challenges but if there’s a way to make progress and eliminate bad habits that aren’t hindering your itinerary then keep doing them. Have you ever noticed that negative thoughts, lack of confidence, and no exercise regimen could negate persistence of not only your entrepreneurial journey but other goals as well?

Get your mojo or swagger back by committing to a life of constant and everlasting consistency by stopping eating bad foods, wasting your time with hours of playing video games, watching television and other things that will stall your progress. When you get rid of actions that are slowing down aspects of your life, you’ll begin to pursuing things to help you lay the groundwork for success.

3. Be Disciplined While Listening More

Another way to prepare for your entrepreneurial journey is by being in control of yourself while paying more attention to everything else. It’s quite common to focus on things outside of your realm and instantly become something other than what you see fit. Difficulties can arise if your focal point isn’t there and somehow an opportunity pass right by you.

Mentorship even from a distance from someone that you don’t know can be a key element as you learn the importance of your mission. Listening to podcasts and watching YouTube videos of someone that has validated your idea is a great starting point as well. Mimicking them on some level can help you understand different phases that are ahead and how to deal with them.

“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.” – Henry Ford

4. Work Effortlessly And Prioritize Your Time

You will have to work extremely hard with an emphasis on actual time value before pursuing your pilgrimage. We often hear about the results of hard work and it sounds cliche but when many other things are happening outside of your control, finding a way to manage your time can become difficult.

Most people will start off alone with zero help in terms of having a partner and putting in 100% effort. You will likely wear multiple hats as the visionary, programmer, marketer, content creator and so on. You may have to function with only 3 or 4 hours of sleep or even none at times while being respectful and cognitive of the time of others as well.

5. Persist Like There’s No Tomorrow While Planning For The Future

What’s in you? Nobody knows the answer to that question but you and the determination for reaching your destination as an entrepreneur. Whatever the answer is, you should be driven with an undaunted passion to pursue your expedition. Go after your dreams with a tenacity that you didn’t know was within your soul and keep pushing no matter what.

Be mindful that your strong pursuit can be done all while determining the proper destination of where you want to eventually end up. Never lose your focus admist numerous distractions that will happen. The emphasis comes from experience along with talking to other entrepreneurs who had similar occurrences at multiple stages of the process.

Put in the work early with the mindset of expecting obstacles and pushing forward pass them.  It will be tedious and preparing for a grind will make your entrepreneurial journey more understandable through tough times. You will be a lot wiser and better after all of the hard work whether it’s considered a failure or success.

Which one of the above 5 ways to prepare for your entrepreneurial journey resonated most with you and why? Share your thoughts below!

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7 Things You Need to Do to Grow as an Entrepreneur

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Startups are on the rise and youngsters are keen to launch their own business instead of a nine-to-five job. As simple as it sounds, opening a business needs patience and the right planning. Moreover, the profits gained can help you meet your financial obligations and realize other dreams.

Young entrepreneurs must learn the skills of investing money within the right channels as most startups fail because of a shortage of funds. Every entrepreneur has a chance to innovate, create new jobs and have an influence on society. It’s our responsibility to continually grow and push forward, usually beyond our comfort zones.

Here are the seven must-learn tips to grow as an entrepreneur:

1. Read Books and Articles

For many new entrepreneurs, your first mentors are usually found in the pages of books and blogs. Much often learned from the writings of others, and fortunately these days, people are sharing their experiences. A survey found that 88% of the world’s wealthiest people read for a minimum of 30 minutes daily. By comparison, only 2% of the overall population reads this much daily.

Read chapters in books, and articles to get new ideas and skills. Some ideas might not be directly relevant to what you’re doing these days however, it could come helpful a year or so down the road.

My advice is to search out those leaders and writers who resonate with you. You’ll understand when you’ve hit on something when you find yourself returning to a book for answers and inspiration time and time again.

“Books give a soul to the universe, wings to the mind, flight to the imagination, and life to everything.” – Plato

2. Perform SWOT Analysis

Business students and old-school marketers should be very aware of mapping out SWOT Analysis charts (Strengths, Weaknesses, Opportunities, Threats). If you’ve never made a SWOT chart, write out the strengths, weaknesses, opportunities, and threats in four quadrants on a piece of paper.

In reality, you’ll jot down a couple of notes on the back of a cocktail napkin, however despite the simplicity, if done right, a SWOT will shed light on crucial areas that require improvement. Most significantly, don’t shy away from the truth. Dissecting your weaknesses isn’t fun however, no good comes from avoiding the fact.

3. Be Willing to Take Risks

It’s impossible to become an entrepreneur if you don’t take risks. Doesn’t matter how many times you’ve fallen. See how many times you stand-up. Being an Entrepreneur isn’t that easy; it’s an up-and-down game like a business. Be willing to come up with new plans even when old strategies are working. It’s through such risks that your business will grow. You’ll learn and meet new partners or investors. Even so, the risks must be calculated. Doing the analysis and making consultations is vital in this case.

4. Open Your Eyes Wide

Many opportunities are arising in the business world every day. For instance, many companies are willing to come up with a mobile solution for a startup without charging immoderate prices. This info can only be discovered if you’re keen.

Before dismissing adverts from websites and mainstream media, conclude if they’re relevant to your business. Also, follow the events happening in the stock market and international business summits. You’ll find the opportunities which will take your business to a new level.

Becoming successful as an entrepreneur is possible if you learn, take risks, evolve, innovate, and stay motivated. You must be realistic regarding your abilities and watch the events that unfold in your world.

5. Lead the Way for Your Team

Young entrepreneurs need to encourage employees and provide help at every juncture. For any young entrepreneur who aspires to be a leader it’s necessary to be:

  • Honest
  • Ambitious
  • Courage and Risk Taking
  • Dedicated
  • A Team-player
  • An effective listener
  • An effective communicator
  • Able to inspire confidence
  • Positive

An entrepreneur who has all the attributes of a leader leads the employees to productivity. It’s essential that the team respects a leader. The hunger and aspirations of the leader to strive for success inspire the employees to put in that extra effort to be successful.

“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell

6. Learn How to Keep Initial Success at Bay

Do not enjoy the shrubs of initial success for too long. Return to the drawing board and draw the future course of action. To move on to the next phase:

  • Utilize local and online channels to make hype for the services
  • Start expanding by hiring employees to enhance productivity
  • Cater to a good segment of the audience by providing various services
  • Re-invest the profitable revenue into new business efforts

Never let the initial success get to your head. The online platform is an ever-changing arena. Analyze what’s working and what new tactics can be utilized to strengthen the market base.

7. Find and Keep Business Partners

You will always go far if you have people to carry your hand during hardship in business. They’ll share ideas that have made them successful and provides you funds whenever necessary. Demonstrating that you are organized, capable, and serious is vital when nurturing such relationships. Keeping records, creating financial contributions to society, and attending forums are some of the choices worth trying.

Being an entrepreneur isn’t as easy as it looks. You’ll face many up-and-downs, risks, financial crisis, and many more. Be ready to face these problems if you want to be an entrepreneur. Entrepreneurship isn’t about making money, it’s about innovating new things and represent new concepts and ideas to the world.

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Transitioning From Employee to Entrepreneur? Try Intrapreneurship First

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Studies show that 15 million Americans are self-employed full-time and that an estimated 27 million Americans will transition from the traditional workforce to full-time entrepreneurship by 2020. Additionally, it is asserted that entrepreneurs are 125% more successful if they have previously been employed in the industry in which they presently do business. This is all great news on many levels.

Chances are, if you are reading this article, you are considering transitioning from employee to entrepreneur, or perhaps you have already made the shift. I get it. I am one of the millions who has made the switch – trading stability and comfort for passion and freedom. However, if you are a potential full-time entrepreneur, there are many things to consider before making the leap.

How will I support myself and my family in the initial stages of development? What do I do if I fail? How do I maintain the drive needed to make a business successful? How will my business harness the creativity and innovation required to thrive in the marketplace? These are all valid questions and should be considered deeply.

If only there were a training ground to test your management capabilities, gain knowledge, think innovatively and be solution-focused. But, wait, there is. Your current employment can offer these opportunities and more – through intrapreneurship.

By definition, an intrapreneur is an employee of a company who has adopted an entrepreneurial mindset. Intrapreneurs are highly motivated self-starters and innovative, solution-driven thought leaders, who work within an organization. Because of this definition, acting in an intrapreneurial capacity in your current place of employment makes a great deal of sense when considering the move to self-employment. You can use your current employment status as a testing ground for where you want to be.

Here are four reasons why intrapreneurship can work for you:

1. See a problem. Solve a problem

All businesses should be designed to fulfill a need. Just as your own business should be able to justify its existence in the marketplace, initiatives within an organization should do the same. Closely examine processes and products in your place of employment. Determine what could be executed more productively. Alternatively, design a new initiative to creatively meet and exceed customer expectations. Acting in this manner will prepare you for building the structure and mission of your own business.

2. Creatively capitalize on skills and talents gained outside your employer

In many instances, we separate business from personal, and there are many good reasons for this approach. However, there are notable skills and talents used in your personal life that are transferable to the workplace. For example, if you engage in team sports, use your team building skills and charisma to involve your colleagues in projects.

If you love to read fiction books, integrate the creativity of the stories to bend the thinking of traditional methods of operation. The possibilities are many. Business owners rely on all life experiences, directly or tangentially related, for the benefit of their enterprises.

3. Intrapreneurship is for all employment levels

If you think intrapreneurship is only for c-suite executives, think again. Intrapreneurship is for the mailroom to the boardroom. As noted in the definition, intrapreneurship is about being a self-starter. You do not need permission from anyone to be highly motivated. Just as all parts of our bodies have a function, so do all positions in an organization. Even if you feel your position has no purpose in your organization, make one. We all have to start somewhere in our entrepreneurial journeys, so start right now, where you are.

4. Experiencing failure is inevitable. Move forward anyway.

All of us will experience failure at some point and multiple times as well. Failure will happen regardless if you remain employed or set out on our own. Be bold enough to move forward with establishing your voice and your place anyway. Business and life are about forward movement. Decide now what next step you will take if you fail. There is always a path forward. Get used to the possibility of your ideas being rejected and your designs being flawed now, so when you are a full-time entrepreneur, you will know how to advance.

Whether you are at the infancy stages of developing your own business, currently self-employed or even wish to remain an employee, establishing yourself as an initiator and innovator can reap many benefits for you and your company. That is the beauty of it.

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