By : M.S.Yatnatti Editor and Video Journalist Bengaluru : According to start up mentors , there are three primary motivations: One, you see yourself as very good at something and want to do more of it. Two: You see a problem, and you believe you can solve it ingeniously. Three: You see an opportunity to make money. Answer the critical financial question: Who will buy what you intend to sell? Why, and what determines their ability to pay? Do not assume that the market is visible and available. Be prepared to work hard, work long, and work with focus when things go wrong. A successful business can look back and identify the steps it took to get where it stands today. That is the benefit of hindsight. A business must find a way to persist, persevere and plod on. That needs a tremendous amount of positive energy, willingness to learn new things, heightened awareness about the micro and macro view of what is going on and persistent ability to rework. 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 .