By : M.S.Yatnatti Editor and Video Journalist Bengaluru : Work from home is most challenging and comes with own set of distractions as you will be living with parents spouse or children's and you need to set boundaries and you need to have ground rules established and you could consider converting your living room or bed room converting it as your work station or you could go for a nearby co working spaces or local coffee shop or community working spaces . Your portfolio is your asset advertise oneself and additionally continuously enhance your skillets by online learning by investing on self learning and armed with this and other primary requirements you can start making money from home but be careful about pitfallsof freelancing. Upgrading your skills ,knowledge and expertise is the only way to grow .Contracts and payments scope of work charges deadlines advance and payment terms revisions and termination fees point of contact and copy rights and portfolio use need to be predetermined and clarity should exists in contracts and agreements including GST as goods and service tax of 18% is applicable to services . Technologyfreelancers are on a roll who have skill sets into new age technology like data visualization digital marketing and social media specific areas like google digital marketing data science analytics android app development and iOS app development programmes are witnessing a shift towards individuals choosing to be freelancers or entrepreneurs. The market rate for freelancers depends on the specific industry. Freelance writers for instance will calculate their hourly rates based on words typed per hour .To get a better understanding of your industry wage, you can check out theby GoogalingFreelance Income Reports 2016 on internet . It is reported that few market research reports recently surveyed over 23,000 freelancers from numerous industries to determine average hourly wages. While the worldwide average hourly rate charged by freelancers is $21, the rate per industry varies heavily. Freelance web designers earn an average hourly wage of $23 per hour, for example, while language translators earn approximately $17 per hour. It roughly translates Indian rupees 1500/- per hour .Competitors' rates shouldn't necessarily dictate your own; however, understanding the average hourly rates of other freelancers with similar skills, education and experience will ensure that you aren't pricing yourself out of your market (either by charging too much, or too little).Freelancing opportunities are growing rapidly across many industries. Finding work is perhaps single most the toughest part for a freelancer. He has to knock on manydoors and spend time, money and energy trying to get work. You can grab freelancing assignments not only in your city or in India but literally in any corner of the world. According to one report , every third user of Freelancer.com is from India.The US-based website helps freelancers get assignments and takes a cut when the deal is done .