Hey, what's going on everybody Paul Mendes here with Profitable Freelancer, and on this
channel, I talk about all things freelancing, entrepreneurship, and lifestyle freedom.
And in this video, I want to talk about the three warning signs that your freelance business
will never grow and never will really become a truly profitable business.
Now you can use this whether you're just starting out as a freelancer or as a helpful reminder
if you're already freelancing and you're already making money online.
Now let's get right into it.
So the first warning sign is that you focus too much on yourself instead of focusing more
on the client.
Now, this is really something that you need to be aware of throughout all phases of the
freelance sales process from that first interaction where you're sending a proposal out, to the
first time you're getting on a call with a client, all the way till you're working with
the client and you're just kind of going back and forth, you're communicating results.
All of that needs to be really focused on the value you're providing, what your services
is actually doing for the client, what problem are they solving?
And a lot of freelancers that start out, they make the mistake of just focusing too much
on themselves.
They're really excited to get started so they talk a lot about what they really think is
important, their views on things, and in reality, you need to kind of shift all the focus off
of yourself and really onto understanding the client.
Knowing what they want, and being able to really communicate with them that your services
are going to solve their problem.
Not just that you're the best one and you're better than everyone else.
They've heard that a million times.
So if you can really make the distinction the clients going to understand that when
they're on the phone with you, when you're reaching out with a proposal, they're going
to know who's actually just focused on getting another client, and wanting to make more money,
and who really wants to find a beneficial relationship.
So that's the first reason is to focus more on the client instead of focusing on yourself.
Now getting onto the second warning sign that your freelance business will never grow, and
this is all about how you handle failure.
So if you handle failure, you get upset, if you don't get that deal, you're really down
on yourself, and you're not able to really handle losses, small losses along the way
and you get frustrated, that is a warning sign that your business is not going to grow.
It's not going to go in the right direction because you know let's be honest, starting
your own business is not an easy thing but that's why when you do it successfully, you
get all of the benefits that come with it.
So failure and challenges you know they're all going to come up along the way and that's
one of the things I do.
Instead of saying you know you failed at something.
Or something just didn't work out, just say that you know you've encountered some challenges
but you need to use that to grow, you need to use that experience where you didn't land
that client or where something didn't go your way.
You didn't get the right side of the negotiation, you came off as maybe too focused on yourself.
Use all of those as learning tools throughout your freelance process.
Throughout your entrepreneur journey to really get better and that's one of the warning signs
that's so easy to see that you lose motivation, just when things get tough and you actually
face a challenge but a really great thing to do is to use that to keep pushing yourself
forward.
So instead of getting jealous or just upset at whatever didn't work out, focus on how
you can use that to shift it into a positive thing.
What can you learn from that circumstance, that challenge, that set-back so you don't
do it again so you can actually move into the future and build a more profitable business.
Now the third warning sign that your freelance business is not going to grow and not turned
into you know a 6 figure profitable business is that you're not experimenting enough.
So if you're staying stagnant, that is a massive warning sign that you know your business just
isn't going to be able to get to the level where it needs to because what it takes to
be successful especially in this digital era, is being able to adapt.
Being able to find an additional source of income of revenue whether that's just finding
more clients, or finding new ways to get more clients.
All the way to the services you offer.
So if you're only offering one freelance service, you really need to go out there and think
about how you can add a couple different skills that complement that initial skill so then
you have a hand full of skills that you can really charge for and you can go out there
and really provide more value with.
So try not to stay stagnant, it's really easy to do especially when you are having success.
So if you're already doing some really good things in the freelance world and you're already
having success in business, that's even a better time to look at this warning sign and
look at oh okay well I'm only doing this to bring in money, what else can I do?
Or I'm only doing this to actually get new clients, get in front of more people, how
can I go above and beyond.
How can I capitalize on what's currently happening in the market place?
So that is a little video, I hope it was helpful.
Just three warning signs you know that your business is not going to grow into its fullest
potential and this is one of the most important things to do as a business owner, as a freelancer,
and as an entrepreneur is to take an honest account of yourself and just really take your
ego out of it, see where you're at, look at your numbers year over year, month over month
and really look for ways that you can just start to improve.
So once again, my name is Paul Mendes with Profitable Freelancer and until the next video,
I look forward to your success.