How to make $200,000 a year from a freelance job: A guide

There are plenty of people who have the luxury of making $200k a year by working freelance. 

But there are also many people who find themselves struggling to make that amount. 

So what are the steps to making that kind of money? 

Here’s everything you need to know to be successful in the industry. 

We’ll walk you through the basics of how to earn $200K a year, how to stay employed and how to avoid debt traps.

Read moreGet the Mashable appHere are some tips for making money from freelance work:1. 

Be flexible. 

There’s no need to be a perfectionist in your work. 

Just be willing to change your mind. 

You can always come back and improve your skills and improve the quality of your work, but you should be open to new ideas and approaches that you might not have previously considered. 

For example, if you like to do some web development, it might be a good idea to take the time to learn HTML and CSS from an experienced developer, instead of working from scratch. 


Don’t take shortcuts. 

The most important thing to keep in mind when it comes to making money is to take some risks with your work and to be aware of what you’re getting into. 

Here are a few things you can do to make sure you’re making the right decisions when it’s time to hire a freelance programmer: Be realistic. 

If you’re looking to make more money, it’s best to have a reasonable budget for your freelance work.

For example, consider having a contingency plan in case you have to leave your job. 

Take a pay cut. 

When you work for a freelancer, you may have a hard time keeping your hourly rate and the salary you get from the freelancer. 

This is a common mistake that freelancers make. 

While it’s nice to think that you have the freedom to make whatever you want, you’ll likely end up paying more for the same work you do, as the freelance work may not always be as good as the standard work you’d get at a traditional job.3. 

Know your industry.

 Freelancers tend to focus more on the technology side of things, but it’s important to keep this in mind too. 

Think about the skills that you’ll be using, as well as what you want your customers to see and how your work fits in with their business. 


Pay for what you do. 

Being paid for your work will ensure that you’re always doing what you say you’re going to do.

The more money you make, the less you’ll need to borrow. 

As a freelancers’ salary grows, you can expect to start paying off credit cards. 


Make sure you have a plan. 

Most freelance work is paid for out of pocket. 

However, you should also be aware that there are many other costs that you may need to pay out of your own pocket.

These include: 1.

Insurance: Depending on the work you’re doing, you might need to cover a number of things like: Laboratory costs Medical Insurance and/or travel expenses Dental Taxes Business expenses You’ll need insurance coverage for these things too.2.

Credit Card: A freelancer’s monthly credit card can go a long way in covering their monthly expenses. 

Depending how much you’re spending on your freelancing, this may include: Insurements, rent, transportation and utilities PayPal Internet bills and fees3.

Credit cards: Paypal is a great credit card provider and can be used to pay for things like rent, insurance and other personal expenses.

If you’re paying for these items yourself, you’re more likely to be able to pay the bills yourself. 

Tip: When paying for the bills you’ll want to do so in advance, as you’ll not be able take them out when you need them. 

Try to pay in full when you’re not in the process of using the credit card, rather than when you actually need the payment.4.

Pay for the tools you use. 

One of the most important things you should do when working on your freelance gig is to pay your professional tools out of their own pockets. 

These include, but are not limited to: Tools for coding Programming languages such as Python and Ruby Software such as Adobe Flash and Google SketchUp Costumes such as make-up, makeup and accessories 5,6. 

Work from home. 

Having your own office or work space will help you stay organized and also help you save money. 

Some freelancers are able to work from home, but that can be tricky and can often be a bit of a hassle. 

Find a place that has space that suits your needs, and work from there. 7

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