Mar 03,2022 Mar 03,2022

How to execute a business strategy for your freelancing startup?


In the present scenario, when you look around yourself or any businesses, you will find freelancers everywhere. This is because they possess a high level of talent and skills in their work. If you are pursuing freelancing then there are multiple ways to make some extra capital out of it. Numerous people want to take this as a part-time hobby but apart from them, many people want to take it as an entrepreneurial and passionate freelancing service as a full-time freelancing startup.

If you are ready to take a deep dive into the freelance marketplace with a means of your startup, then you can use freelance php software which will fulfill all the needs and requirements of your niche business.  In this manner, you can provide a unique opportunity to the freelancers by developing the perfect and appropriate business strategy for your freelancing startup with the use of this freelancing software. Now, in this article, we will discuss multiple steps to execute a business strategy for your freelancing startup.

First of all, we will make a list of skills and talents that you can provide to employers with the use of the freelance platform. These skills and talents are also available in the freelance software that you can provide to your global clients.

  • Graphic design
  • Logo design
  • Editorial and copywriting services
  • Branding
  • Web design & development
  • UI & UX design
  • Photo editing
  • Video editing
  • Voice acting
  • Java developer
  • Virtual assistant
  • Administrative support
  • Email tech support
  • Creative writing
  • Proofreading
  • Ghostwriting
  • Accounting
  • Translation
  • Data entry
  • HTML developer
  • API developer
  • Advertising consultant
  • Marketing strategy
  • SEO
  • Lead generation
  • 3D animation

The above-listed points are just a small portion of the types of freelance skills available in the online market. So, you can cater to your users with professional freelancer services with the help of advanced technology of freelance software.

Now we will discuss the steps to execute a business strategy for your freelancing startup.

● Define your business goals properly.

It is very important for you, as an entrepreneur, to define the final goal for your freelancing startup with the help of freelance software. For this purpose, you have to ask the below-mentioned questions to yourself before you jump-start into your freelancing startup.

  • Is freelancing startup is a path or only source of earning extra income?
  • Are you looking to use the freelancing startup as a stepping stone to eventually achieve a different goal entirely?
  • Do you want to become a full-time freelancer because of the lifestyle benefits of being your boss?
  • Have you ever thought to make a fortune with a freelancing startup?

In this context, regardless of your ultimate goal, you need to make it abundantly clear like crystal before moving into the path of a freelancing startup.  This is one of the major steps, where entrepreneurs agree upon when it comes to successfully start a business.

● Find a profitable niche market.

Now, the second step for the execution of a successful business strategy is to discover or explore the profitable niche market which will help you in the growth of your niche business at the international level. Suppose you are a graphic designer by trade and you are building your skills with photoshop and Adobe Illustrator in your free time. But on another note that there are many freelancers available in the market with additional skill level compared to your talent as a graphic designer and complete work at a lower rate than your criteria.

So, you can get over the idea of trying to compete on a price as a freelancer. On the contrary, you can take enough time-interval to discover and explore the appropriate as well as a profitable niche for your freelance marketplace. In this perspective, our freelance software will provide you the guidance to find out the suitable niche market for your freelancing startup.

● Identify your target clients.

This point is as important as finding or discovering a profitable niche, and it is about the ways to attract the right types of clients for your freelancing startup with the help of freelancing software. So, when you are in the starting phase of your freelancing startup with the help of digital tools of freelance software, you can approach the potential clients who want to work with you. For solving this purpose, you can provide the freelance platform where all different types of clients with similar interests will meet and come together with their projects. So that you can target your group of clients at a time with the help of freelance software.

● Build a high-quality portfolio website.

After the execution of all the above business strategies for your freelancing startup with the help of freelance software. As an entrepreneur of the freelance marketplace, you need to build a high-quality and attractive portfolio website that can attract global businesses as well as clients which can offer freelance services to the freelancers through the freelance platform. So, for this purpose, your freelance portfolio must need to execute the following points, that is truly effective at selling your services through freelancing software.

  • You can list your contact details and show your personality to the clients
  • Communicate your special skills and display case studies or examples of your work.
  • Display testimonials either from your coworkers or former bosses for getting started with your freelance marketplace.
  • Highlight your relevant skills, talent, education, accomplishments, and many more parameters of professional experience.
  • You must maintain regular updates that will show your evolution, updated sample work, and new clients.

As you are developing your portfolio site using freelance software, you can find other freelancers within your network and get some inspiration from them that will indirectly help your niche business to become successful worldwide.

What is Fiverr?

At its core, Fiverr is an online marketplace for professional freelancers to make their services available and accessible to businesses. It is where marketers, tech-gurus, content strategists, and even artists like songwriters come together to post their offering as a Gig and connect with potential buyers without any unnecessary friction.

Founded in 2010, Micha Kaufman and Shai Wininger, Fiverr has become a major player in the freelancing industry with offices in NYC, SF, Orlando, Phoenix, London, Berlin and headquarters in Tel Aviv.

In 2019, Fiverr went public and priced its IPO at $21 per share, raising around $111 million in a single day.

Fiverr’s Market Leading Position

This data points to a positive future for Fiverr, as the internet has played a huge role in the freelancing industry and the growth of the gig economy. Payoneer’s Freelance Income Report shows that more than 70% of all freelancers find projects through gig websites.  Fiverr is positioned as the premier digital freelancing marketplace based off its tremendous topline revenue growth and user growth.  Global internet and engagement trends from Alexa show Fiverr’s site currently ranks 195th in traffic and engagement over the past 90 days.

Fiverr’s ranking has improved 102 spots over the past 90 days and is near its peak levels.

In comparison, Fiverr’s biggest competitor, Upwork, ranks 592nd in global internet traffic and engagement over the past 90 days and has improved 59 spots.

The Fiverr app is currently ranked 39th in “Business” on Apple’s app store and 26th on Google Play, while Upwork’s app is ranked 136th and 123rd respectively.

Freelancing has become a major source of side-hustles these days and the entrepreneurs are also looking forward to avoid spending money on employment for getting small jobs done. If you’re intrigued enough by the startup idea of Fiverr and the success and long vision behind it, you can develop your very own freelance platform to this using Fiverr clone.

Fiverr clone by NCrypted Websites is a ready-to-deploy online marketplace clone script that enables you to start your business similar to Fiverr. It provides you with all the features of Fiverr. Our Fiverr clone script can be customized according to your personal business needs. Using our clone can help you save time and money that you otherwise waste on website development on your own.

About Author: chandani padiya

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