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This week, the House of Representatives passed the Protecting the Right to Organize Act (PRO Act), the strongest set of labor protections seen in this country in decades. The extreme income inequality we see today is a direct result of the weakening of unions in America. Over the last five decades, as union membership has decreased, wages have stayed stagnant, even though productivity has gone up. At the same time, corporate profits have skyrocketed. Here in NYC, after the successful Hunts Point Produce strike, where essential workers fought for and won an additional $1/hour after keeping fresh food flowing into New York City throughout the pandemic, these workers are now being targeted with layoffs that would be strictly punished by the PRO Act. We are pro-union, obviously (it’s in the name!). Freelancers Union was established as a hopeful counterpoint to the antiquated labor laws that have long prohibited most freelancers from joining together to advocate for better contracts and working conditions. The PRO Act is an enormous step that would acknowledge every worker’s right to organize. The text of the PRO Act changes the National Labor Relations Act of 1935 and a handful of related laws, which only govern workers’ rights to organize. It makes it significantly more difficult for employers to retaliate against union movements, like at Hunts Point, overrides anti-union right-to-work laws that have been passed by GOP state legislatures over the past decades, and empowers worker solidarity by allowing sympathy strikes and boycotts, which are currently illegal. However, the bill currently uses an ABC test to define who is and is not an employee for the purposes of unionizing. Because of the legacy of AB5 in California, and the fact that the too-broad strokes of the ABC employment test have impacted professional freelancers in their ability to work in other venues, we do not advocate for the use of the ABC test in any legislation. Briefly, the ABC test says that any worker must be considered an employee unless they A) control their own schedule, B) work in an industry different from their clients’, and C) can prove that they are “customarily engaged in an independently established trade, occupation, profession, or business.” Only if an individual passes all three of these tests can they be considered a freelancer using this rule. Through our advocacy work, we’ve heard labor leaders and elected officials express that they don’t intend on hurting or restricting professional freelancers’ ability to work and are interested in finding a solution. We are advocating that the section of the PRO Act that includes the ABC test must be changed. In several public forums with Senate Majority Leader Chuck Schumer, Freelancers Union President Rafael Espinal has raised our concerns with the ABC test, and the Senator has promised to work with us to make the changes we feel are necessary to protect freelancers. We are working with a number of organizations and employment lawyers to draft language that makes clear that professional freelancers are a group unto themselves, not misclassified employees. Worker misclassification is a serious issue, and we stand in support of the hundreds of thousands of app-based workers, delivery and construction workers, and others who are being denied their basic rights by businesses that fraudulently classify them as “freelancers” to avoid having to pay taxes or provide them any benefits or protection against harassment, wage theft, or other unlawful treatment. This deceitful practice creates confusion about freelancing as a legitimate professional choice, also harming genuine freelancers in the process. Given the contentious state of the Senate and the Biden administration's many legislative priorities, we do not expect the PRO Act to progress until later this year. Right now, we are working to spread awareness and understanding of freelancers’ unique situation among Senate leaders to gain support for this amended language, and we will continue to work to ensure that freelancers’ rights are protected. We also encourage you to email / call your senators and let them know that this aspect of the PRO Act should be changed. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/12/the-pro-act/
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This year’s NYC elections have the potential to reshape our city. Thanks to new term-limiting rules, nearly ⅔ of city council seats are open to newcomers, as well as important roles like comptroller [LINK], public advocate, all five borough presidents, and, of course, mayor. There’s another important factor in this year’s city elections: the roll-out of ranked-choice voting. Approved by a ballot measure in 2019, this new system allows voters to rank multiple candidates by their preference, rather than choosing just one. On your ballot, you’ll be able to rank up to five candidates. This system is intended to ensure the winning candidate has the widest base of support, as well as eliminating the need for costly and time-consuming runoff elections. How a winner is chosen: If one candidate has a majority of the first-place votes, they are the winner. If no one has a majority of first-place rankings, the candidate with the lowest number of votes is eliminated, and the ballots of those who ranked that candidate first are re-calculated using their second-choice candidates. This process continues, eliminating the candidate with the least votes and redistributing their ballots, until only two candidates remain. The candidate with the most votes is then declared the winner. Because of this new system, it’s important to learn about all of the mayoral candidates so you can rank them accurately based on your priorities. That’s why, rather than endorsing just one candidate in the 2021 Democratic mayoral primary, we’re endorsing two: Maya Wiley and Andrew Yang. Wiley, with a background as an activist and the former chair of the city’s Civilian Complaint Review Board, impressed the member endorsement committee with her substantial policy proposals to address inequality, wage theft, and environmental justice. Her “New Deal New York” plan, building on the WPA model, centers arts and culture while ensuring economic opportunities for the most vulnerable New Yorkers. In interviews with the committee, she expressed a desire to hear feedback directly from working freelancers once in office, and committed to strengthen city enforcement of the Freelance Isn’t Free Act. She has been endorsed by 1199 SEIU, the city healthcare workers’ union, as well as Rep. Nydia Velasquez and actors Chris Evans and Gabrielle Union, among others. Yang, an entrepreneur and former presidential candidate, has a slate of creative economic ideas that could prove beneficial for struggling freelancers, such as a portable benefits fund that would establish a worker safety net that is not tied to a traditional job, and a basic income program that would begin by providing funds to 500,000 at-risk New Yorkers. He is supportive of expanding support and programming for freelancers in all five boroughs. He has been endorsed by Rep. Ritchie Torres and actors John Leguizamo and Amy Schumer, among others. The next mayor of NYC will inherit a city in crisis, with a budget deficit, economic instability, an ongoing public health emergency, and a broken public safety system. In addressing all of these, the next mayor must also understand and value the contribution of freelancers, who make up more than 30% of the city’s workforce, and ensure their policies support this often overlooked community. With a mayor who truly supports the freelance community and can revitalize New York City, we can make big strides forward. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/11/the-next-nyc-mayor-could-make-history-for-freelancers/
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If you read our post last week about selling your freelance business and think it may be the path for you, here's how to make it happen. 1. Plan way aheadIf business is booming, there’s a good chance you’ll get a few offers from interested buyers before you’ve decided to sell. In absolute terms, the numbers they’ll offer sound big. You might not be used to someone offering you hundreds of thousands of dollars for something you own. Such sums of money are tempting. However, failing to plan for your business sale without planning for it is not a smart decision. It’s easier to have people come to you, but there’s a high chance you won’t get what your business is worth. So set a date when you’d like to sell your business, then begin planning for it. Doing so will help you strike a fair deal with your inevitable buyer — but it’ll also motivate you to grow the business as much as possible to maximize the payout. 2. Clean everything upYou must tidy up everything so you have a nice and neat business to sell. First of all, pore over your accounting and bookkeeping to make sure things are correct. The numbers here have to be dead-on for your valuation to be accurate. If you don’t have an accountant or bookkeeper, hiring one can help immensely. After that, tidy up your standard operating procedures. Procedures and systems are assets that add value to your business, so document and standardize everything you can. Buyers like the ability to start running the company out of the gate, after all. Make sure your analytics are accurate and up-to-date as well. Having accurate numbers for essential metrics like conversions and traffic lets you show your buyers how well your business is doing. This can reduce uncertainty for the buyer, making them more willing to move forward with the deal. 3. Find your business’s valuationNow that your records are cleaned up, you need to find the value of your business. There are three methods of finding your business’s value, but the easiest one is called the discounted cash flows method. This method attempts to calculate the business’s value today based on the future money it will make. To explain, look at it from the buyer’s point of view: what would matter most to you if you were buying a business? For example, imagine you are buying this site comparing the best nursing schools. You’d probably look at total revenue (and where that revenue comes from) and compare it against site traffic. You’d also look at what kinds of assets and debts it has and other financial information that indicates profit and cash flow potential. Now, make sure you look at all your assets — that includes digital assets. Things as simple as animation videos and other forms of content add value to your business. In this case, these are marketing assets that bring in more customers throughout your value chain. With all this in mind, you can also invest in professional valuation services. Some Certified Public Accountants (CPAs) specialize in business valuations, and larger CPA firms may even have a team for valuations. The price you pay buys you the convenience of a professional valuation with no work on your part. You can also engage with M&A firms, but those are generally for larger business sales. 4. Prepare financial documentsNearly every party involved in your business sale — from the buyer to your attorney — will be scanning through your financial records. This is why tidying up your bookkeeping is vital. In particular, buyers and other interested parties will want to see at least the last three years of your business tax returns, balance sheets, cash flow statements, and income statements. A CPA can help here, especially if they specialize in business sales. They have the tax, financial, and M&A experience to help out. 5. Get help from a brokerSelling a business can be arduous, as you can see from the previous steps. You also have to find buyers, negotiate the sale, ensure the legal stuff is handled, and so on. If you aren’t careful, you could waste time and lose out on possible profits from the sale. That’s where hiring a business broker comes in. Business brokers often have a network of suitable buyers, making it easier for you to sell your business at a fair price. They’re also connected to accountants, attorneys, and similar experts that can help sell a business. Brokers can also help with the sale itself — facilitating negotiations, doing due diligence, and helping you maximize your proceeds. Ideally, your business broker should have experience brokering sales of your type of business. For example, if you’re a freelance digital marketer, find a business broker who’s worked with digital marketing agency owners and similar professionals. 6. Find good buyersNow, it’s time to find buyers. These have to be qualified buyers, though. Remember, you share private financial (and other) information with any party involved in the sale. Some buyers might be competitors looking to gain insider knowledge about your company. Even among your legitimate buyers, you want a few offers. You don’t want to be in a position of desperation, forced to take the one offer handed to you. Again, a reputable business broker is a huge help here. They can tap their network of buyers to get you legitimate offers in less time. 7. Finalize the legal stuffYou’re almost done selling the business — time to close the deal. You should have an attorney with contract law and business sales expertise help here. There are plenty of legal documents — many can be tens of pages — so doing it yourself leaves you vulnerable to pitfalls. You’ll likely have to notify your state’s business registration agency that you’ve transferred your interest in the business. They can provide you further guidance on remaining legal matters pertaining to your business sale. Tips to maximize your sale proceedsSell when your products are well-developedOne of the best times to sell is when you’re doing a healthy sales volume, but your product is in the maturity stage of the product life cycle. The high sales volume increases your business’ value, but you exit as the product still has enough room for growth left to excite buyers. Hammer down on growthOnce you set a date for selling your business, hammer down on growth. The more you can grow your company, the more money you’ll fetch when selling. Not to mention the increased cash flows you’ll see during the remainder of your tenure as owner. Improve your website and customer experienceToday, your business’s website is one of your most valuable assets. It’s where clients and customers the world over find, learn about, and hire you. Spend some time upgrading your site. Make sure it has a clean, modern design and that it’s as fast as possible. Invest some time into SEO as well. High search rankings are quite attractive to buyers because they mean more traffic and money. There are a lot of SEO software tools online that can help you evaluate your search rankings. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/10/7-steps-to-selling-your-freelance-business/
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Now that the second round of the Paycheck Protection Program (PPP) has started accepting applications, it's time to start on your PPP Forgiveness application. Although there are different versions of the form (3508S, 3508EZ, 3508), the process for maintaining and tracking your expenses should still be the same. As a freelancer, it is important to track your expenses related to PPP forgiveness so your process for the application is seamless. Before we dive into how to track your expenses, we should first note the items that are considered forgivable. According to the Small Business Administration (SBA) guidelines here, the following non-payroll items are deemed forgivable under the PPP: - Covered rent on a business space - Covered mortgage interest on a business space - Covered utilities - Covered operations expenditures: payments for any business software or cloud computing service that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting of tracking of supplies, inventory, records, and expenses - Covered property damage costs: costs related to property damage and vandalism or looting due to public disturbances that occurred during 2020 that were not covered by insurance or other compensation - Covered supplier costs: expenditures made to a supplier of goods for the supply of goods that are essential to the operations of the Borrower at the time at which the expenditure is made, and made pursuant to a contract, order, or purchase order in effect prior to the beginning of the Covered Period (for perishable goods, the contract, order, or purchase order may have been in effect before or at any time during the Covered Period) - Covered worker protection expenditures, such as purchasing PPE Since different business structures will have different documents to submit, we can focus on what will generally be required. The goal is to provide sufficient documentation for any and all of the costs that are eligible for forgiveness. If you are requesting your payroll costs to be forgiven, you will need to provide adequate documentation supporting your payroll costs. Below is list of acceptable documentation related to payroll costs, according to SBA guidelines:
If you are requesting additional business expenses to be accounted for as part of the loan forgiveness, additional documentation will be required to support the request. Per the SBA, below is a list of acceptable documents that are non-payroll related expenses:
The most recent update to the PPP made forgiveness easier for borrowers who received less than $150,000. They can use Form 3508S, a streamlined form that requires fewer calculations, as well as less documentation for the borrowers. With these updated guidelines, there may not be a need to submit some, if any, of these items of documentation at the time of the forgiveness application, depending on your situation. Even though certain documents may not be requested at the time of the forgiveness application, it is still a good idea to retain records for your own business. It is also recommended to retain records of how calculations were made to provide as supplemental documentation. Bear in mind that the SBA may request information and documents as part of its loan review. Below are a few tools for tracking expenses: - Accounting software: this provides the ease and flexibility of categorizing and tagging of all your expenses, keeping this information readily available to you when needed. - Microsoft Excel Spreadsheet: a simple and easy way to keeping track of all your expenses. - Save your receipts: if saving paper receipts is too much of a hassle, scan them right from your phone and just upload them to your computer so you can access them any time. I am sure many of you may have additional questions. So, I invite you to reach out to me with questions that you have! Please reach out to us at RMP Accounting. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/09/how-to-track-your-expenses-for-ppp-forgiveness/
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On Saturday, March 6, the Senate passed the American Rescue Plan Act, the wide-ranging COVID-19 relief package that has been under discussion since President Biden’s inauguration. The package includes a number of extensions to existing relief programs that are set to end this month, as well as another round of stimulus payments and changes to tax rules that could save millions of freelancers some much-needed cash. Here are the main takeaways:
It’s important to note that the income threshold for stimulus payments is based on the most recent information the IRS has on file, so if your income dropped last year and you have yet to file your 2020 taxes, we recommend you file your taxes ASAP. And note that the tax waivers refer to federal taxes only. States have differing laws about taxing unemployment benefits (and some states have already moved to waive taxes on 2020 UI/PUA income), so be sure to check with your state taxation department. Because of some small changes made in the Senate this week, including the controversial removal of an increase of the federal minimum wage to $15/hour, the bill must go back to the House for a vote before it can be made law. It is expected that the House will pass it quickly, and that President Biden will sign the bill by the end of the week, before PUA benefits are currently set to expire. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/08/what-the-1-9-trillion-american-rescue-plan-does-for-freelancers/
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When freelancers start their businesses, they go all in: launching their websites, building their authority, differentiating themselves from competitors, and finding increasingly lucrative clients. Once business is booming, however, they tend to look for other income sources. That could be info products, revenue-sharing deals, affiliate marketing, and so on. Some even scale their business by developing procedures and hiring employees. All of these actions make your freelance business more valuable. At some point, however, you might get tired of the freelancing game. Or you might decide you want a new challenge, or develop a new interest, that would lead you down a different career path. In this case, you can sell the business you have built. You’re in an excellent position to do so if you worked hard on growing it over several years. Selling your business is a complicated process, though. If you're considering it, the first thing to do is weigh the pros and cons for your circumstances. The pros of selling your freelance business1. Capital to use on other projectsSome freelancers don’t see freelancing as their end goal. Instead, it could be a bridge between the working world and a larger, more scalable business. Freelancing allows you to build up the capital and skills to launch other projects. Once you sell your freelance business, you gain a substantial sum of money you can invest into new endeavors — such as launching a startup or starting an LLC as you take entrepreneurship to a whole new level. You may even pursue diverse career opportunities in education, using your newfound capital to cover your education costs. 2. Asset diversificationWe’ve all heard the refrain urging us to diversify our assets. For many freelancers, their business is their most valuable asset. Per the diversification advice, this can be risky to your overall financial situation — even if you’re able to get steady work. For example, if you suffer a debilitating injury and can no longer serve your clients, your cash flows dry up. By selling your business, you can put money into a diverse set of assets, becoming less reliant on any particular income source. If you lose one, you still have others to depend on. 3. Lifestyle and other prioritiesFreelancing offers more freedom than a full-time job, but you become even freer if you exit the business and take a lot of cash with you. Should you bring in enough cash and find a way to sustain it, you can live any lifestyle you want — whether that’s traveling the world, volunteering in your community, spending more time with family, or picking up some new hobbies. The cons of selling your freelance business1. Missed growth opportunitiesYou never know if there’s a hidden growth opportunity you’re missing out on. Once you sell the business, you no longer get to guide it toward further growth. Your buyer might immediately identify new growth opportunities, successfully take advantage of them, and see huge profits. Meanwhile, you don’t get any of it (assuming you don’t retain any ownership interest in the business). 2. Loss of cash flowWhen you sell your freelance business, you lose that income source. Sure, you get the big payout from selling it. But if you still need an income stream to survive, you’ll need to invest your proceeds wisely (per the asset diversification pro mentioned earlier). 3. Putting your baby in someone else’s handsIt can be hard to let go of the business you built, even if you’re tired of running it. Not only will you no longer control any part of it, but if you have employees, you’re putting their livelihoods in someone else’s hands. Consider how much you care about running your business before selling. Have you walked through this process and feel like selling is the right move for you? Next week, we'll share a step-by-step guide to selling your freelance business. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/05/when-to-consider-selling-your-freelance-business/
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If you’re a freelancer and you want to get better at what you do, hire other freelancers. First, it’s the perfect opportunity to recognize what it feels like to be on the receiving end of great (and not-so-great) customer service. Second, it gives you the chance to shape the world of freelancing for the better. And third, you’re likely to find more affordable, faster, more personalized, and higher-quality results with a talented freelancer than a run-of-the-mill agency (which you know, because that’s the value prop you offer your clients). For example, I’m in the process of hiring a UX designer for my website. Go ahead, take a look. You’ll see that my site does the job, explaining what my journalism and content marketing work look like. But it could be sleeker, right? I recently had an intro call with a designer and was so thoroughly impressed with his process — he sent me a beautiful, fully customized project proposal within a week of our call, summarizing what we’d talked about and mapping out a timeline for us to work together — that it inspired me to trash my own project proposal template and build a new one. (And move him to the top of my list for probable hires.) As a freelancer, I’ve hired freelance artists, designers, and photographers. There’s something to learn at every step of the process. How to approach hiring a freelancerHiring a freelancer to do a job, whether for your business, home, or personal life, can be just another chore on your to-do list. Or, approached thoughtfully, it can be a way to get great work done, improve your own business, and build community. Before setting out, consider these principles for hiring a freelancer as a freelancer:
How to hire a freelancerI’ve hired freelancers and had it go poorly (see: the cartoonist I hired to do a sketch for a holiday gift with whom I didn’t talk about revision expectations, and whose first draft I couldn’t have gifted without offending the recipient). Here’s what I know to do now to make sure each job goes well: Start with a clear job posting.Spell out exactly what you’re looking for so that whoever you hire doesn’t have to pull it out of you. Answer these questions:
Make a decision and communicate it.Pick someone based on the strength of their proposal or pitch. Use references, portfolios, and project samples to help. A paid trial is fine, but don’t ask anyone to do work for free. If you posted your project somewhere public, like Upwork or a freelance Facebook group, follow through and close the posting once you’ve chosen someone so that other freelancers don’t waste their time applying. If you solicited recommendations from your network and freelancers have spent time sending you proposals, thank them and let them know you’ve gone another way. Ghosting someone professionally is just as rude as doing it to a mediocre first date. Get in sync on specifics.First, make sure you have a signed contract in place that you and the freelancer are comfortable with. It should cover:
Then, sign off on a project plan. The freelancer you’re hiring should write it, building off of your job posting. Make sure it includes:
Let them do the work.How much do you love it when clients are breathing down your neck, pinging you for updates every hour on the hour? Don’t be overbearing; let the professional you’ve carefully selected do the work you’ve hired them to do. Pay promptly.Upon receiving the finished project, pay immediately. Hear that? That’s just a chorus of freelance angels appreciating your net-10 timeliness. Give feedback.What did you love about working with the freelancer you chose? What could have gone better? Let them know. If they ask you to complete a survey or provide a testimonial, do that, too. Keep them in mind for referrals. You know how hard this work can be — take the time to make it a bit easier for someone else. Go forth and hireI firmly believe that you can learn something from everyone, and that you can learn more than most from your fellow freelancers. Go prove me right, will you? via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/04/how-to-hire-freelancers-as-a-freelancer/
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This year and the next might be some of the best times in history to start planning a business. If you have product ideas but don’t have the extra cash to invest in them, don’t worry. There are a handful of different resources and strategies out there for you to launch a product without spending much of your own money. This can allow you to diversify your income in the future if there aren’t as many opportunities in your current field due to economic conditions. Here are six resources and strategies to launch a product if you’re broke. 1. Apply for Equity-Free Funding ProgramsIn the last few years, many places around the world have started to offer equity-free financing for businesses. It’s typically a process where you apply a business idea (whether you have progress or not) and some judges evaluate your proposal. If you win, you can receive investment money that’s anywhere from a few thousand up to $100,000 in some cases. Winning one of these competitions can also connect you to other free resources for growing a business. A few U.S. cities to consider applying are St. Louis, MO, Richmond, VA, and New York City. The Arch Grants competition in St. Louis has the largest amount of funding out of those three at $50,000. The only catch for some of these city funds is that you may need to live there in order to receive the funding. Before applying to one of these, it’s important to protect any intellectual property, like a prototype. Consider getting into the patent process before publicly disclosing anything so your ideas are protected. 2. Use Pro Bono Legal ServicesEven if you don’t know anything about patents and protecting ideas, that’s okay. There are thousands of attorneys who volunteer to provide pro bono services (meaning without charge) through various nonprofits. Normally, filing a patent might cost you upwards of $20,000, but these types of programs can get costs down to just the filing fees. This is by far your best option if you don’t have enough money to hire a lawyer. Don’t attempt to file a patent by yourself, since there are a lot of parts that only an attorney is qualified to handle. You will probably end up running into a lot more headaches down the road if you try to go it alone. The U.S. Patent and Trademark office has a really helpful interactive map of the U.S. showing each pro bono service by state. Most of these should be able to work with you remotely and not require many office visits. 3. Work from HomeWhether there is a pandemic or not, you should try to stick with doing things at home. It’s tempting to want a professional-looking office space to go to every day, but working from home will save you a boatload of money. Plus, working from home might be the future for most companies anyway. Doing work on your project at home also reduces the risk of accidentally exposing the idea to someone else in an environment like a co-working space. 4. Use Free Software to Build ItWhen it comes to building a physical product, there’s no shortage of free resources out there for doing it. In the area of design, consider using either Fusion 360, Solve Space, or DesignSpark Mechanical. All of those are either completely free or free until your invention is earning you more than $100,000 annually. They are all computer-aided design software, CAD for short. You can use any of those to design a physical object on your computer and eventually print it out with a 3D printer. The computer you use for creating digital objects does need to be reasonably new with a powerful CPU, RAM, and graphics card, or it may have trouble running the software. You can find a lot of videos online that show how to create things, no engineering degree needed! When you land on a design that you want to hold in real life, you will also have a lot of options. 5. Use Makerspaces and Other Fabrication ServicesMany communities now have low-cost facilities that you can use for 3D printing, woodworking, and other jobs that need heavy-duty equipment. These are typically shared spaces, so it’s best to get into that patent process discussed earlier before exposing your designs to the public. Most of them are easy to join and fees are pretty reasonable, usually around $60-$100 per month. They also offer classes to teach you how to properly use the machines. Alternatively, you can work with one of the many services that does the 3D printing for you. The way those work is you send them the files from the CAD software and they 3D-print your object, then send it back to you. The only downside is it may take a lot of back and forth for you to end up with a design you like. When dealing with a makerspace, you get to just go and use the machines yourself. 6. Launch a Kickstarter or Indiegogo CampaignThousands of entrepreneurs have raised millions through the different crowdfunding platforms. You could do the same if you can get creative with pitching the product to your potential customers. The rules say that you don’t need a video for Kickstarter campaigns, but ones that include a video “tend to succeed at a much higher rate,” according to the company. Make sure you come up with compelling incentives for people to want to support you. These are usually in the form of giving people a unit of the product or something else for contributing a certain amount of money to you. As people give more money, you offer more incentive. A current (and very successful) Kickstarter campaign for a new type of cooking skillet has six levels of incentives. The first one does not offer anything material, but the second level results in supporters getting one product once it’s ready to ship. Videos on both platforms range from low-budget to high, so your phone camera should work fine. The important thing is being creative about it and really conveying the value so the community will take interest and help bring your product to life. The future might be uncertain right now, but we also have more tools and resources than ever to create. Don’t hesitate to start planning if you have a great idea for a product. Your future customers will thank you. via Freelancers Union Blog https://blog.freelancersunion.org/2021/03/03/6-ways-to-launch-a-product-if-youre-broke/ |
AuthorI have 5+ years experience working as a medical transcriptionist. When I am not working, I enjoy sports like playing basketball or judo. I love making friends and connections. Archives
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