Everything You Need to Know about Freelancing and the Gig Economy

Repeat after me: I deserve to be paid for my time and skills.

If you went to a pricey college, never heard anything mentioned about freelancing and the gig economy and somehow ended up doing just that, you are not alone. When I was in college about ten years ago, the term “freelance” was never mentioned, and that was when the concept was getting more popular. From what I understand, not much has changed. Millions of people are going to colleges, leaving with a bunch of student loans, forcing them into the gig economy and they are completely ill-equipped for it.

Though, I’m not sure why colleges aren’t teaching us everything we need to know about the gig economy, I do have a few ideas. One of which is that colleges still view the gig economy as uncharted territory even though it doesn’t seem to be dying down soon. In fact, it’s projected that 43 percent of the workforce will be made up of gigs by 2020. The second is that teaching college students about freelancing and the gig economy will affect the bottom line of college. Think about it. The more people who know you can sustain yourself from freelancing without a college degree, the less people go to college and the less money those colleges make. So I’m really starting to think it’s no mistake that these colleges aren’t teaching everything you need to know about the gig economy.


What I Wish College Taught Me about freelancing, side hustles & the gig economy

What I Wish College Taught Me about freelancing, side hustles & the gig economy

Since college didn’t teach me anything and I graduated college in the peak of the recession, I was forced to teach myself everything I could about freelancing. Some were hard lessons that took longer to learn than others, others were lessons that cost me a lot of money, while a few were pleasant lessons that changed the game in my earning potential. No, I’m not an expert and far from being a six figure earner, but I’ve compiled a list of some of the most useful freelance tips along the way. I’m hoping they will help you navigate your life as a freelancer, side hustler or member of the gig economy. Here’s everything You need to know about freelancing and the gig economy that they didn’t teach you in college.

1. Have a balance between passion projects and money-making projects

When most people think about side hustles or working gigs they normally think fond thoughts about being your own boss and only doing the work they enjoy, but sometimes it couldn’t be further from the truth. Once your side hustle goes from a fun way to make extra money to a necessity to living and paying bills, things change very quickly. You end up picking up any job you find out of desperation and worry about paying bills on time. And of course, that quickly turns to burn out and despising that freelance gig you once loved. Make sure burn out doesn’t happen by making time for passion projects that truly brings you joy even if it doesn’t pay what you’d like. However, have a limit because some clients take advantage of you when they know something is your passion.

2. Know your number and don’t waver from it

One of the hardest things about freelancing or working in general is knowing your worth. The going rate for your services will vary based on industry and experience regardless if you are a blogger, freelance writer, graphic designer, uber driver, babysitter etc… However, it’s important to know exactly what value you bring to the clients as well as what your time is worth so you can determine a fair price for yourself. Once you establish that number, don’t ever accept work for less than that. Once you go below your chosen number, it becomes easy to make it a habit. And of course, that makes it harder to make a living or reach your financial goals.

3. Be aware of what the job is costing you

Sure, a client may be paying you $100, but it might not be worth it if it requires hours of research, lots of follow up, and a long time actually doing the job. Or that $60 to deliver goods may sound great until you realize it’s a 45 minute drive in each direction costing a lot of money out of pocket including gas, toll and wear on your car. Suddenly, that $100 doesn’t sound so great. Your time and effort are your most valuable assets so make sure you are taking all aspects of the gig into consideration before getting blinded by the money. This post from the blog Making Sense of Cents has some great insight into this.

4. Track everything

And I mean even the things you don’t need for taxes. Unfortunately for messy people, self employment means having to track everything for yourself. That means you need to keep a log of everything from invoices, supplies, pitches, income, miles driven, phone calls, etc. Yes, it’s a pain but its saves you from a lot of headaches once you do need to recall the information. I rely on excel spreadsheets to track these things. However, there are several planners and trackers like this one that can help.

5. Surround yourself with the people in that niche

Though it seems like everyone is doing it, the gig economy can be very lonely. To salvage your mental health and help with growth in your industry, it’s best you try to align yourself with people in your niche. Not near anyone who does what you do? Head to the internet. As a freelance writer, it’s not always easy to connect with others when the industry seems to center around NYC. However, following #writerscommunity or #lifestyleblogger hashtags on Twitter helps me keep up-to-date.

6. Join a union or support group

Even though freelancing and the gig economy isn’t new, there’s still a lot of uncharted territory. That’s why it’s also great to join a union or support group for your industry to get advice and help you navigate uncharted territory. Some of them will even help with navigating contracts, receiving pay and negotiating. I’m personally part of the National Writer’s Union. If you can’t find one for your industry you can create one on meetup or at least follow blogs with tips. One of my favorites is blackfreelance.com

If you went to college and the words side hustle, gig economy or freelance was never mentioned, you need to read this. Click To Tweet

7. Talk openly about your rates

I know it’s considered to be in poor taste to discuss how much you make with others, but I’ve learned it’s one of the only ways to make sure you are earning your worth. The anonymity in salaries leaves too much power up to the clients who unfortunately take advantage of our silence. If we don’t discuss our rates, it’s almost impossible to know if you are being paid fairly or not. So get in the habit of speaking openly about how much you make. Don’t think about it as a cause for embarrassment or another way to brag. Instead, think of it as a way to empower yourself and help others arm themselves with knowledge.

8. Collect testimonials

Whether or not you’ve created a website or have been asked for references, it’s good to ask for them at the conclusion of every project. It’s better to have them on hand now, then to be scrambling to gather some last minute when asked.

9. Use mailtrackers

Depending on who you ask, you’ll hear a lot of discouraging facts about using email trackers. However, I’m here to tell you that email trackers are my best friend and a huge help in my freelancing journey. Freelancing requires a lot of cold pitching to people you’ve never met before. And unfortunately, people just don’t answer emails anymore. Save yourself the headache and get an email tracker so you’re not constantly wondering if your message went into a black hole or just got ignored. If my email trackers lets me know that my email was never opened or the person opened it multiple times and never responded, I’ll usually send a follow up. However, if the email was opened just once and I didn’t get a response I’ll most likely just move on to the next prospect and not bother with a follow up message.

10. Aim to acquire three stable and consistent clients at one time

The good thing about freelancing is that no job lasts forever so you’re rarely bored. On the flip side, the bad news is that no job lasts forever. Yet, the bills don’t stop coming. So to make sure you have some kind of “makeshift” stability when it comes to freelancing I suggest you have three stable clients at any given time. Having three steady clients helps insure that money is always flowing towards you even if one decides to cut ties with you. While I usually aim to make sure the three stable clients I have are the highest paying, they are also sometimes the most dry and uninspiring clients. However, that isn’t always true for everyone. But if it is true for you, try to fill the rest of your time slots with more interesting and enjoyable clients.


The good thing about freelancing is that no job lasts forever so you're rarely bored. On the flip side, the bad news is that no job lasts forever. Click To Tweet


11. Learn the difference between freelance and working for no benefits

While it seems like side hustles have appeared out of no where, they’ve always existed. The gig economy is nothing new. It’s been around forever. It’s just that a lot of businesses are very sneaky with it. A lot of these businesses like to advertise for jobs that sound something like this, “freelance position available 40 hours a week onsite in our NYC office working under prominent managing editor. No benefits” Now, that isn’t a freelance job or a side hustle. That’s a business trying to trick you into working full-time under a supervisor without providing you any health insurance, vacation days or benefits at all. What’s worse is a lot of them will try to give you crappy pay which also doesn’t make up for the amount you’ll have to pay in taxes for this “freelance” position. Get acquainted with your state laws so you understand what is legal practice when it comes to working freelance positions.

12. Include a PIA fee if necessary

Being a freelancer means choosing the gigs you pick up and the people you work, but that doesn’t mean you won’t get some draining, overly demanding and soul sucking projects sometimes. If you suspect that will happen, don’t be afraid to tack on a PIA (Pain in the Ass)  charge to your quote. Of course, you won’t tell the client that. However, as a freelancer who determines how much you make, you have every right to charge more to make difficult or draining projects worth your time.

13. Prepare for leaves of absence

Freelancing has a lot of perks. Unfortunately, having paid leaves of absence isn’t one of them. It’s a lesson I learned the hard way when I had my first son. Now, that I’m pregnant with my second I’m doing everything possible to finish deadlines early to insure my paychecks don’t stop coming even after. It would be a good idea to stash a way a small portion of your paychecks for any leaves of absence even if you aren’t pregnant. You never know when sickness, death, etc will strike.

14. Master the art of the pitch

I don’t care if you don’t work in sales. Everyone needs to learn how to pitch. Whether you are a babysitter on care.com, event planner or freelance graphic designer on fiverr.com, you will need to use a pitch in emails, online profile, etc. As a freelance writer, I spend a majority of my time writing and sending pitches to potential clients. Unfortunately, it’s a skill I’ve found that colleges don’t typically mention despite it being necessary in almost every industry. Do some research in how to develop a good pitch. Once you can write a killer pitch, your earning potential is endless. Though she focuses on freelance writing, the blog Make a Living Writing has great tips on writing pitches and letters of introduction for several industries.

15. Refrain from buying all the online courses

Yes, investing in courses can save you time but it can also end up wasting money if you don’t do your research. It seems like everyone wants to sell some online course without having proven results or their own success. Do your research to make sure the person practices what they preach instead of just repackaging information they read in a blog or some library book about business.


What am I missing? Are you a freelancer with a tip for those diving headfirst into the gig economy?


TERRIfic Words: Don’t work for money. Work for freedom.



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  1. July 8, 2019 / 7:50 pm

    Wow! You gave a lot of good information and I am no freelancer over here but I know its juicy. Thank you for educating a sista!

  2. July 9, 2019 / 1:32 am

    I gotta do better with pitching for my blog I suck at it. That mail tracker is a life saver for me I can see who reads and doesn’t

  3. Kendra
    July 9, 2019 / 3:16 am

    I somewhat freelance as an artist. This information is solid. I definitely see the freelance bubble getting larger especially on social media.

  4. Leslie
    July 10, 2019 / 12:13 pm

    So much awesomeness in this one post! You really said a word..especially about not getting caught up in enrolling in so many online courses. I have been telling folk that for years.

  5. Tiffany
    July 10, 2019 / 8:51 pm

    This is a lot of great information. I’m still a novice blogger and have yet to work on a pitch.

  6. July 10, 2019 / 11:50 pm

    15 tips , good stuff! And informative, for example, I was not aware of bidding sites, but I am presently. I am not a solid freelancer, mostly I done a couple of big long-term projects related to marketing, not writing, although I enjoy blogging when time allows. Perhaps I will dive in deeper in the next year or so, meanwhile you listed some interesting sites that I’m looking forward to checking out, and I wish you much continued success with all your freelance endeavors.

  7. July 11, 2019 / 11:26 am

    Thanks for the heads up! I’m going to keep this in mind because I haven’t ventured into the freelance world but it’s on my list of things to do soon.

  8. July 12, 2019 / 3:22 am

    This is a great list, very informative and useful tips. I always struggle with pricing. I’m learning to charge my worth especially of others are making money why can’t I.Its super important to have a tribe of people in your circle that have the same niche, so you can help each other out

  9. July 12, 2019 / 1:22 pm

    That first statement gets me every time. I always need that reminder.

  10. July 13, 2019 / 10:02 pm

    These are excellent tips, that “Be aware of what the job is costing you” is huge. We are so used to doing things that we forget all the small things that it takes to pull of the big thing. I need to do better at getting testimonials. I’ve been slacking in that area.

  11. August 14, 2019 / 8:29 am

    Just what I needed right now. This is a very useful and important piece of information. As a freelancer, it’s really important to kanaow your worth, so you don’t get cheated