Here's how you can navigate the risks and rewards of freelancing in the fundraising industry.

Usually, freelancers switch from traditional employees to freelancing I worked as a freelancer for sometime, so I can surely give some tips: 1) Try to fundraise for one single project while you are still working as a full time employee 2) See if the progress you are able to make is promising 3) If not, then you need to work on expanding your network before quitting your current job 4) Utilize in-person and virtual events, both can be great opportunities to meet investors 5) If you have not been fundraising for several years, you might need to improve your skills before you consider to work as a freelancer

I agree with this! I like how Brian Tracy puts it- "Invest in your ability to earn". Continue to grow your skills so you can get better and better at fundraising for your clients. It helps to be a bit of a generalist so you can meet the wide-ranging funding needs of your clients. For instance, build competencies in securing grants from various types of donors- bilateral, multilateral and foundations. Also consider getting really good at niche fundraising areas such as individual giving, coordinating fundraising events and major gifts.

No matter how good you are, it is useless if people cannot find you. Invest in branding yourself as a fundraising expert on LinkedIn. Join professional networks like the Association of Fundraising Professionals (AFP) and actively participate in their events. Spread the word around within your networks so people who need your services, can seek you out.

Absolutely, financial management is vital for freelancers. In my experience, a disciplined approach provides stability despite income fluctuations. ➔ I advise setting up a detailed budget and tracking all income and expenses meticulously. ➔ Allocate a portion of earnings for taxes and retirement to avoid future financial stress. ➔ Building an emergency fund can cover lean periods, providing a safety net. Proactive financial planning allows freelancers to focus on their work without the distraction of financial uncertainty, enhancing both productivity and peace of mind.