In this post, we’re going to discuss the top 5 things you can do to increase your freelance profits. Whether you’re just starting out or have been freelancing for a while, these tips will help you take your business to the next level.

1. Setup a business entity. Operating within an LLC (or at least a sole proprietorship) can help you save money on taxes. This is because a business is taxed on profits, not gross income (income before expenses).
2. Create a professional website and online profiles, and post regular content. Many freelancers forget to create a Google Business Page or maintain consistency when publishing content on social media. By doing so, you can establish yourself as an expert in your field and attract new clients.
3. Ask your current clients for referrals. For most freelancers, the best new clients come from referrals and introductions from current or existing clients. By building strong relationships with your clients, they’ll be more likely to refer others to you.
4. Check in with your previous clients regularly. Focus on maintaining a relationship with them. Ask your previous clients if there is anything you can help them with now. By keeping in touch, you can ensure that they remember you and come back for more work in the future.
5. Build standard processes and workflows so you can outsource recurring tasks. This gives you more time to focus on income-generating tasks and increase profitability. By automating certain tasks, you’ll be able to take on more work and make more money.

In conclusion, these are just a few foundational things you can set up and some proven best practices that will help increase your freelance business profits. Make sure to check out our other videos for more detailed information on these topics and subscribe to stay tuned for more tips and tricks!

Keep rockin’ it!