Nimble Freelancer

Work from home tips. Passive income path.

What Is A Bid Letter?

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Are you a Freelancer/ Independent Contractor/ Vendor?

Have you recently come across the term Bid Letter and you are trying to find an authentic definition?

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Well, you have landed in the right place.

Today, we will discuss Bid Letters and all the jargon associated with it.

 

Let us first learn the definition of a Bid Letter.

A Bid Letter is a bridge which serves as a form of communication between a company and a Freelancer/ Independent Contractor.

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What does the Bid Letter outline?

  • Scope of Work (Product/ Service)
  • Fees
  • Payment Schedule
  • Timeframe
  • Deliverable

 

 

If a company is looking for a Freelancer/ Independent Contractor to provide certain Products/ Services, it will put out a request for proposals.

 

Next, interested Freelancers/ Independent Contractors will create a Bid Letter in response to the proposal request.

 

It is extremely crucial to understand the company’s requirements and criteria before drafting a Bid Letter.

Usually, a proposal tailored to the specific requirements and criteria increases the chances of getting accepted by 2X.

 

In addition, acquaintance with industry rates for indicated Products/ Services is equally important for a Bidder.

 

Why?

 

Overpriced Bids end up in rejection.

Underpriced Bids have a smaller return on investment.

 

If you are a newbie, you can find plenty of Bid Letter samples on the Internet. In fact, some sites even offer appealing Bid Templates.

 

Although the Templates are generic, they can be quickly customized/personalized to cater to the proposal requests. Interestingly, some even provide professional writing assistance which can help you in creating Drafts and any follow-up communication associated with the Bidding.

 

Amazing, isn’t it?

 

Nonetheless, a perfect Bid Letter doesn’t assure any acceptance. Often, money is the prime aspect.

 

So, what’s the ideal mantra?

(Professional Bid Letter + Reasonable Delivery Date + Reasonable Cost)= Higher Chances of Acceptance

 

 

What if the proposal gets rejected?

 

If your proposal gets turned down, the concerned company usually sends a response back indicating the reason. Maybe they onboarded somebody who could do the project at a cheaper rate. Or, the chosen candidate could deliver sooner. Generally, companies always approach the Bidder every time they are need for a similar product or service. Next time you draft a Bid Letter, keep in mind these points and nail it! Good luck!

 

 

 

How to Make Money Online for Beginners

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How to make side money online?

Earning money online is not that big deal or dream for several people now. I can bet that if you could get fitted with the right way to make money through a website or any other venture online, then you surely say bye to your 9 to five job at once. You will definitely be able to give more time to your family and the loved ones, eventually, will take back the control of life and time.

Are you looking for ways to earn money online right now? If yes, then you are in the right place and reading a very comprehensive and useful article.

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The great part of making money online is that you may identify literally hundreds of choices quickly while being at home.

You are required to read carefully because I will be sharing everything you need to understand how to earn money online.

Are you excited and ready as I am? Do have a paper and pen with you to write the main points from this article 🙂

Nearly, I am in this field of making money online for the last 10 years with the help of my website and I also know hundreds of other individuals who are making money online, in several ways, for instance, websites, courses, or unique marketing interesting strategies.

Do remember, most of the options available to make money online are not very complicated. With a little time, effort, and energy you will be able to start earning money.

 

Requirements to start making money online!

What you are required to do is

(1) Laptop or desktop computer,

(2) A fast speed internet connection, and

(3) An ergonomic space to work,

(4) And a sound mind and a peaceful place will be better. Generally, making money online options can be classified into different categories as below.

Here is list of the most efficient ways to make money online:

  1. Launch your YouTube Channel!

You will be amazed if I tell you the name of 7 years old child, Master Ryan. What he does, he just reviews the various toys on his channel, and in the year 2018, he earned almost $22 million. There is another person (Jeffree Star) who is at number 5, earned $18 million on his YouTube channel, and he has cosmetics brands and sells more than $100 million in products every year.

 

How amazing?

If you have a passion to start your YouTube channel, then you are required to concentrate only on the niche so you can create a solid, loyal, and resilient audience. For instance, you can make some make-up tutorials and lessons, streaming games, reviewing items or products, teaching skills, creating prank videos, or whatsoever else you consider there’d be a spectator for. The importance of creating videos on a YouTube channel is to create such content, whatsoever, either people use for entertainment or educational purpose.

Don’t forget to attract the audience with titles and thumbnails. Use such keywords that are helpful and optimized for search. Upon reaching 1k subscribers you will be able to monetize officially your channel.

 

  1. Launch an Online Course on Canva

Knowledge has been demanded always for long. Creating, capturing, and sharing knowledge is known as one of the best options to earn money online. If you have some educational background and subject expertise then can monetize your knowledge by offering online courses. You can make available your educational courses on Udemy, to sell to the people who are interested in or, if you have already your own prospects, on your own website. To create and launch the more widely held and effective courses, there is no harm to watch courses offered by other organizations similar to the one you are to offer.

Then, watch the reviews of such courses. What features are the people like the most and admire and what people hate the most? Now think critically, and decide what you can create and offer the best? Do consider the content that offers the best solutions to the problems, people are facing currently. These online courses may be the accredited and non-accredited courses, certificate or diploma courses, soft-skills related or technical, or even the short courses of days or weeks.

 

  1. Start writing a Blog

Writing a blog or blogging is known as a very convenient method of making money online. If you are passionate about writing then start writing blogs focusing a niche. You might have a long list of choices in the niche, for instance, a blog about Cars, Toys, procrastination, and many more. A narrow-focused may create a more loyal and faithful following.

You can start writing blogs from the various platforms, from WordPress to Shopify, there are several ways to earn money through blogging. Affiliated links can be added (apply disclaimer) with your posts and additionally, you can monetize with “AdSense” by engaging different adverts deliberately on your site. As a blogger you can also offer and sell, also sell different digital or products on your website also.

 

  1. Being a Freelancer

Wow! The easiest option to enjoy freedom in life, while earning money online is to become a freelancer. You remember! No one can stop you to earn money online upon becoming a freelancer if you have the skills of writing, administration, graphic designing, teaching, or tutoring even a website developer. Now can identify the clients online, those looking for the same skills.

 

  1. Start doing assignments for other students

If you are a student and you want to have some work that you can do easily from your home or working place so that your study time does not get affected, so there are many options for students especially to earn quite a lot of many just by staying at home and earn through their computers or laptops from the internet.

You can do other student’s assignments for charging them a normal amount and you can send them through email. For this, you have to use any popular site or social networking site in your country like if you have Facebook or Weibo or any other site besides them you can also go on the working sites like Fiverr or Upwork and make your profile there and after getting some response you can start working on the gigs you get. Just make sure to make your payment method secure and verified.

 

  1. Become a blog writer

Writing is something that is very well in doing to get paid for and decent work which will most likely not going to disturb the studies and the work timing if you are doing a full-time job even then too you can earn from writing. Actually there are many ways to earn money from writing as well like you can become a blog writer or you can write an eBook and sell it on the good amount or you can start writing for other and get paid in return so it is totally up to you what kind of writing you are comfortable in doing so.

Sometimes it gets really boring but on the other hand, it is a decent work too. So just to maintain your focus on the writing gig all you have to do is to maintain your routine and work on your routine regularly.

Treat your work station as a sacred place and also treat yourself with some fresh moments by seeing some greenery (like plants) on your study table.

 

  1. Go for Side Gigs

It is not necessary for one full-time job even if that is not sufficient for your expenses. You can always make time to do some extra work and earn some extra dollars too. For this like doing extra work is doing side hustling in which many people are doing many different works like doing errands and doing food delivering and even picking up the garbage can also get you some extra dollars.

Now decide what are there for you to go for easily and earn without pushing yourself too hard. You can do crafting you can do painting and sell them and whatnot are there for you to earn some extra money. After so many ideas if you are still confused about what is better for you then I will suggest feeling free trying all things one by one, and no one is going to stop you. By doing this you can gain experience as well and you will know what is better for you to do in the longer run.

 

  1. Create an App

Creating and developing apps and selling them is one of the job favorite jobs for software engineers or tech savvy’s but do not get I on your nerves because now everyone can do this. Yes! I heard it from my friend and she was doing this too, there is a complete guide on google that is not even any more complex and you can easily go for it if you have passion and love or computers you can earn even more. After making apps you can go on Upwork to sell your app making service as well.

 

  1. Publish an EBook

Publishing an eBook is a long term work but it pays you off in a good amount. Just read and read and read as many books as you can and this is the only tip I recommend for writers. The more you read writers the more you can write and it will be worth it in the end. You can then make a manuscript for your book and send it to the editor to get that published and there you go.

 

  1. Do Translation Work

Let’s be obvious about this thing that there are many people who want to learn your language, as it was explained in previous articles as well that there are many students who come to western states to get higher education and for that, they feel a lot more difficulty in speaking their language which is the genuine problem and students voluntarily pay for the language guidance as much as they can. So this is the better and decent option if you can help other students to learn your language and you can charge them some minimal amount in a way to go you will be earning enough at the end of the day because there are many students who want to learn your language.

 

This way you are helping them and earning for yourself in a kind way.

 

  1. Sell Your Stuff

This is a reality which many people do not accept easily that their houses are overly stuffed with those items that they don’t need on the ground basis. So if you really want to make some extra money this is your best chance to use that stuff which is totally unnecessary to you and then sell it on the internet like Amazon or eBay etc., fairly you will be earning quite a money for that stuff that we’re no longer in your use but can be of someone else’s use.

By doing this you are not making some extra money but quite some free place in your home so that it can breathe. Where I guess the homes with some fine stuff looks more elegant than to overstuff your house. And this will help many people who basically cannot afford to buy new items for their homes.

 

  1. Become an Online Tutor

If you are a student or even if you are not, teaching is something that is a very easy task to do. Like any subject or any skill that you know you are expert in, I believe you can teach to others quite easily and that won’t be asking you to spare any extra effort anyway.

You can also use this idea, like launching your own YouTube channel to make a video about anything you want to share with people and earn through this. For example, if you are good at cooking you can start your cooking channel and giving lessons on your channel by recording and uploading it. You can also give your contact in the description for those who want to learn they may contact you and make sure not to upload too much information. In the long run, you can be making enough money after a short interval of time and YouTube will start paying you. More in more you can earn through AdSense as well. As far as I know, many people are earning even an extra 5000 dollars in a month which is quite shocking too. But remember these are the ideas that are going to take time and after a time it will start paying you off.

 

  1. Sell Your Clothes Online

For those people who love to dress up on a regular basis, they can fulfill there dream by just doing this. Make their own Instagram channel and sell their clothes which they have just used and they don’t want to use them anymore. It is not about selling those damp clothes but “in a good condition” clothes.

This can be useful in both terms, you want to dress up and cannot afford to buy new dresses every month the same as these other people with the same thing, can go for it and buy your clothes and you can buy someone else’s. One hand you can save money and earn through it without going anywhere. Just upload them and get paid after delivering the stuff. you can take a further contract with a delivery company to provide your stuff a pick and drop service and in return, you can share your profit with them in this way, when you will have the lower-income you won’t have to pay them more.

 

CONCLUSION

 

Earning money online may help you to make some additional side hustle money, and also this can help you quit your job and become a full-time entrepreneur. By earning more money, you can have supplementary financial autonomy, recover your financial safety and security, and living life on your terms. It is really promising to make a living online, provided if you work smart, and stick to it. There are a bizarre number of choices to earn money online and the above discussed are just the tip of the iceberg. If you have an act of courage, time, a thirst for nearly anything, and nonetheless some innovative skill-set, then you may be able to start an online income stream.

 

Earning online is no longer an issue for the people, even getting paid for an online job is not any surprise too, and people of huge density are working from home especially in this pandemic period many people are forced to do their work from home that is a big shift from offices to the home. This is not going to harm anyone but there are many positive signs from this, like less consumption of electricity and less pollution would be there.

 

And I guess working from is sometimes a hectic thing as you have to maintain your focus for a longer period of time which is very difficult. But on the other hand, it is not a bad thing too that you can be with your family all time and you can do your work in your comfort zone.

How To Start a Subcontractor Business?

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After hustling day in and day out and burning the midnight oil, you have successfully established a name for yourself. Projects keep pouring in from all across the globe & you are riding high on success. Kudos! Nonetheless, on the flip side, excessive work offers are turning out to be a major problem.

Certainly not a great feeling when you are caught between two contradictory situations. Taking up all the offers, all at once, can take a serious toll on your sleep cycle. On the other hand, turning down lucrative offers just because you are preoccupied doesn’t seem fair. Isn’t it?

Well, every problem has a solution. In today’s era, Freelancing has grown popular than ever. Why not help your fellow Freelancers and leverage the time by Subcontracting a few of them? However, there are few things you should be aware of before you jump into the bandwagon.

How to start a subcontractor business? How to subcontract work out?

Subcontractor business can be started if the entrepreneurs identify the purpose of subcontracting, build a network, maintain a budget, and maintain relationships with subcontractors. Entrepreneurs who start the subcontractor business need to understand technology, steps in business, and prepare excellent contracts and agreements.

Here is a compilation of 5 simple rules to become a Subcontract Professional. Make them your holy grail and you never have to turn down a job offer again!

 

 

1. Identify Your Purpose of Subcontracting:

You are aware of the USP of your service and nuts and bolts of your operation. Over time, you have been able to build up a personal brand and goodwill in the market based on these aspects.

Nonetheless, have you considered the option to look for Freelancers who possess numerous other skill sets and can contribute to your service?

If you haven’t already, go ahead and opt for it. Wondering how? Keep Reading!

Firstly, segregate a project and create an outline.

Secondly, jot down the portions which could be definitively assigned to others, according to the skill sets.

Be it your willingness to establish a network to cover in case of emergency or, building a team, Subcontracting can do wonders and churn out mind-boggling results.

 

 

2.Build A Power-Packed Network:

 

Networking is an integral part of your Freelancing Career. If you have a power-packed network, it will make it easy to onboard members in your teammate.

You should always look for a trust-worthy person who can help you at the eleventh hour.

If you are collaborating with a Freelancer, it is always advisable to start with small gigs & scale up gradually. Do not commit the mistake to handover an important project to a complete stranger, having no acquaintance.

Always remember, trust cannot be built overnight. It is earned when words match the actions.

The ideal situation is to end up with a clan of reliable Freelancers with impeccable professionalism like good work ethics, optimistic attitude, and high skill sets.

 

 

3.Maintain A Cordial Relation With Your Subcontractors:

 

Freelancing allows you to be your own boss. However, once you start Subcontracting, you will be responsible for managing a group of other Freelancers. Always maintain a cordial relationship with them and do not make the blunder to throw unnecessary attitude.

Before kicking off a project, clearly define the role of each involved party, deliverables, deadline, payment schedule, confidentiality terms, and other essential pointers. Don’t leave anything to speculation.

After assigning the project, it’s fine to check in with the subcontractors but avoid being a micromanager. Give them enough space to do their work and always provide feedback.

One more thing, the client doesn’t need to know about the involvement of subcontractor(s). However, it is extremely crucial to hire professional and dependable Subcontractors because their work will reflect on you and your reputation.

 

 

4. Keep an Agreement in Place: 

 

 Before you hire a Subcontractor, it is paramount to have an Agreement in place. Don’t worry! Freelancers Union has a Contract Creator to get you started and save you time.

On the other hand, if you plan to Subcontract at a regular interval, it might be a good idea to hire a Lawyer.

In The Freelancer’s Bible, Sara Horowitz suggests the following key points which should be included in the Contract:

  • Business Terms: Deliverables, Services, Deadline, Price Range, and Payment Schedule
  • Legal Protections & Responsibilities
  • Grounds and Terms for Termination
  • Dispute Resolution
  • Confidentiality / Non-Disclosure
  • Non-Compete Clause

(If you need a Non-Compete Clause, you might consider hiring a lawyer to properly draft the agreement.)

  • Subcontractor(s) cannot sign a direct Contract Note with your  Client.
  • Intellectual Property
  • Independent Contractor Status ( Define the Employer/Employee Relationship)

 

 

5.Maintain A Subcontracting Budget For Emergencies:

 

Always maintain a Subcontracting Budget to make sure everyone gets paid on time. Furthermore, keep aside a healthy cash reserve to schedule payments to your future Subcontractors without a hitch.

In order to create a budget, question yourself about the requirements.

-What tasks are you Subcontracting?

-For how long?

-What’s the market rate?

One of the prime purposes to begin Subcontracting is to take on more work, make more money, and grow your business. Therefore, the process will pay for itself in the end. Makes sense?

 

Freelancers, if you feel, we have missed out some important point about Subcontracting, feel free to add on!

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