Join Tom Geller for an in-depth discussion in this video Establishing payment systems, part of Freelancing Fundamentals.
- View Offline
A big distinction between amateurs and professionals is that professionals get…paid for what they do.…The first thing you'll need is a bank account for your business.…I recommend you get one that's separate from your personal account.…That makes bookkeeping easier and keeps you from having to give personal banking…information to clients.…I found the simplest way to receive payments in the United States is to simply…ask clients to send you a paper check, then deposit that in the normal way.…However, you should also be prepared for electronic payments, particularly if…you have clients outside your home country.…
Beyond traditional banks, you can also get paid through online payment…systems such as PayPal.…I found it to be great for smaller clients, but because it's not a real bank I…do recommend that you sweep money from your PayPal account into your business…bank account as soon as the money becomes available.…Although PayPal gives people a way to pay you with credit cards it's not as…robust or as cheap as Merchant Card Systems.…
A bonus chapter covers common questions freelancers have when entering the field.
- What is freelancing?
- Defining your career goals
- Funding your startup
- Getting licenses, permits, and insurance
- Setting prices
- Finding work through agencies
- Getting referrals
- Working with time and project management tools
- Increasing your rates