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Tag: benefits of freelancing

  • Why Outsourcing Is Important for Growing Business?

    Expanding your startup could be tricky. If you serve in a cutthroat market or on a low budget, figuring the money and energy required to build your firm could seem unlikely.

    Solving problems can consume a large portion of a manager’s day. This gives no time to complete critical functions, find new customers, or maintain a healthy work-life parity.

    This issue can be fixed through outsourcing. Businesses can explore expansion opportunities by employing a cost-effective staff. This article will focus on why it is crucial for business advancement.

    Let’s dive in.

    What is Outsourcing?
    Advantages of Outsourcing
    Disadvantages of Outsourcing
    Why Is Outsourcing Important for Your Business?
    Frequently Outsourced Tasks
    Should You Outsource for Your Business?

    What is Outsourcing?

    When a company opts for outsourcing, it chooses to assign a business project to an outsourcer rather than performing the task itself. As a result, it allows you to delegate ownership, management, and delivery of the task to someone else, ideally to the approved standard.

    It’s now fairly prevalent. Most brands, for instance, would not like to deal with the shipment and logistical support of reaching their goods to customers, so they entrust them to specialized providers.

    Likewise, because many companies lack the skills or potential to handle all of their very own customer services, they entrust them to specialized help desk operators. External expert services are frequently used in the domain of IT and software solutions. For instance, to handle servers and cybersecurity.

    So it is fairly prevalent and is the result of a choice. The firm must identify what it wants to do on its own and what it wants to outsource to other companies.

    Advantages of Outsourcing

    • You can gain direct exposure to skilled providers with better prowess and reliability.
    • Lowers costs if the outsourcing provider can offer them at a cheaper price (e.g., via synergies)
    • Concentrates the business on its key areas that can add value.
    • Increase operational flexibility.

    Disadvantages of Outsourcing

    • There’s a chance that the outsourcer won’t reach benchmarks or won’t meet deadlines.
    • The business may lose expert knowledge.
    • There is no assurance that the expense will be lesser.
    Common Objectives of Outsourcing
    Common Objectives of Outsourcing

    Why Is Outsourcing Important for Your Business?

    The following are the significant reasons why it might enhance the company:

    Helps in Focusing on Your Basic Tenets

    Outsourcing your non-core functional areas will spare time for managing your company’s key functions. Monitoring of non-core tasks such as call center activities, project planning, etc is delegated to your specialist.

    Lastly, your firm enjoys the benefits of your strategic utilization of economic, individual, and operation resources to enhance service delivery effectiveness and efficiency.

    Helps in Gaining Access to Valuable Skillsets

    You wouldn’t have instant access to professional staff if you are a startup. Even large corporations are affected. As workforce costs rise, outsourcing might be your company’s best buddy.

    Saves Money

    The chief factor why businesses outsource is to save money. Based on one’s objectives, it can provide short-term to long-term perks. Beginning with the potential to scale activities that it provides, it allows your business to grow. Then there’s the advantage of lowering capital and repetitive costs. It saves money due to lower wage costs, price stability, and generous tax breaks. It also has the potential to enhance the customer experience.

    Aids in Customer Satisfaction

    Global corporations are increasing their demands to keep up with a better business service standard protocol. Outsourcing can help to improve customer experience by being open and creative. Businesses that outsource can now provide longer & more dynamic work hours, even operating 24 hours a day, seven days a week.

    Allows You to Use New Tech

    Entrepreneurs and local firms can turn to outsourcing for keeping up with the emerging technological changes. Apart from the expense of outsourcing, your outsourcer is generally the one who puts money in and possesses modern tech assets to suit your client’s revenues and industry standards. Often the outsourcer outperforms its clients in terms of keeping up with and incorporating new systems.

    Frequently Outsourced Tasks

    Only the founder’s dream limits the tasks that can be outsourced. Consultants are now better to access and employ than before. Here are some of the tasks you can outsource.

    Bookkeeping

    Naturally, every entrepreneur must have a thorough understanding of his or her finances. That isn’t to say the person must devote the time necessary to complete multiple accounting tasks. Outsourcing of accounting, taxes, salary and other services is common. It’s so prevalent that it’s spawned an overall market of small-business payroll management firms.

    Help with Administration

    Admin duties can consume a great deal of your focus and effort, detracting from your strategic plan. A digital agency can help you with admin work like sending emails, and calls, setting meetings, and making schedules. They’re readily accessible, and they’re often inexpensive to hire.

    Technical Assistance

    For tech-savvy entrepreneurs who wish to create & operate their site, there are a whole range of options. These companies facilitate for beginners to have an official website, but they’re often not the ideal option for businesses. Outsourcing your digital footprint, technological channels, & other tech employment can save you energy/cost while producing great returns. Allow a specialist to assist you in putting your best digital foot forward.

    Content Creation

    Every company receives a large number of official correspondence daily. Your company’s interaction plan includes blogs, social platforms, promotional items, news items, and emails. Somebody with extensive experience is required. Don’t put your marketing message in the palms of someone who isn’t familiar with designing successful, high-quality content, such as oneself.

    Should You Outsource for Your Business?

    The essence of your business determines whether you’d be a fine fit for outsourcing & what processes you must outsource. The trick is to look at most of your tasks and figure out which ones represent your crucial corporate objectives and which ones aren’t. It may profit from incidental tasks if others can do them quicker, better, and in an economical way.

    For certain tasks, the response may differ significantly from one company to the next. A firm whose primary task is creating, for instance, may outsource the design process. A firm that concentrates on layout or technology may outsource the manufacturing operations. While the software is a key strength for a tech firm, it is simply an executive process for several other firms.

    In certain cases, outsourcing only a portion of a task may be relevant. Several businesses, for example, consider advertising to be a company’s core task, but they may outsource specific attributes, like PR or social platforms.

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    Conclusion

    There’s no denying that outsourcing is a good means to boost growth, but most folks don’t comprehend how it allows a firm to thrive. Outsourcing could be beneficial for your firm in one way or another so make sure to make better use of it.

    I hope, this article has clarified the importance of outsourcing for growing business.

    FAQs

    Why is outsourcing important for a business?

    Outsourcing can help in running your business more efficiently, saves costs, helps your internal team focus on their tasks, and helps you gain access to valuable skillsets.

    What is an important advantage of outsourcing?

    Outsourcing can save costs for your business, make your business flexible and leverage the knowledge and skills of top talents.

    How does outsourcing help a business grow?

    Outsourcing helps you leverage technology and streamline workflows. You can outsource top talents while your internal employees focus on the important work.

  • How to Start Freelancing in 2022? (Complete Beginners Guide)

    Let’s face it. A job can be highly demanding at times. Considering all the nuances of work and how important work-life balance has become over the years — choosing the right kind of career that allows financial as well as social freedom is crucial. There are many questions that arise when we embark on the journey to build our careers, and ‘Freelancing’ as a career option seems like an answer to most of them, if not all.

    There are perks that come with everything in this universe. Freelancing is no different. The flexibility, the freedom and the adrenaline push that something as spontaneous as freelancing gives to an individual are second to none.

    The freedom to the plugin at your own convenience at any time, anywhere is a major influencer, as it opens up a plethora of possibilities for individuals. There are perks, there are golden nuggets, indeed. But, then just when you were diving into the pros associated with the freelance mode — the question takes over: How to start as a freelancer?

    Well, we’ve got the answers. Get your notebook, grab the pen or simply bookmark this — as this will be the only manual you’ll ever need to start as a freelancer in 2022. Read on!

    How to Start as a Freelancer?
    Things to Keep In Mind While Working as a Freelancer

    How to Start as a Freelancer?

    Identify Your Purpose — Your Calling

    What makes you freelance in the first place? Is it just another gig generating machine for you, something that you want to get into for the sheer experience or considering freelancing as the replacement for your existing job or business?

    No matter what the questions are, the answer lies in the freedom that comes with ‘freelancing’ as a career, overall. The freedom of choice is what makes this appealing, and we are sure you love both — freedom and the choices.

    What Can I Do Better Than Others — My Offering & Services?

    Identify your skills. Discover what you can do better than others. Are you good with writing, or you’ve got a great voice? Figure out what works well for you — something that can be converted into a service.

    Turning your skills into a marketable service is the stepping stone towards a freelancing career that you can be proud of. Understand the pain points of your prospective clients, what daunts them and how you can make a difference?

    It is integral to understand that clients look for solutions to their existing problems, or challenges that they face in their business. A successful freelancer often steps into the shoes of his/her client to identify the hurdles and then comes up with a solution to address the same. How you address the issue, and what you offer — define your journey in this space. A brief description, a CV and a freelancer profile are some prerequisites before you crack onto the pricing.

    Who Needs Me? It Is Time I Find My Target Audience

    “Phew. I’ve got a skill that I can market and sell, but… to whom?”

    You have to ask yourself questions, in order to get the answers right. Now that you’ve got a skill that you can offer, it is important to identify the potential fit for your service. Your target audience will be instrumental in your journey as a freelancer. Your target market may have the same set of problems or identical characteristics confined to a specific industry — things that are important to get hold of, before embarking on the journey.

    I Am Everywhere — Reach Out to Your Prospective Clients

    You’re good at something? Great. But, is that enough? No. When you’re new to the freelancing arena — you’ve to be vocal about your services and the positioning statement to top it all.

    Getting your first few adaptors can be tough, clients who trust you and work with you. However, freelancers can reach out to potential clients through a number of channels, whether it be the generic freelance posting platforms, networks and the ‘word of mouth’ instrument or the traditional, cold outreach.

    Everyone has their own mantras that work for them. As a beginner, the onus rests upon you to find yours.

    It Is Time When I Ace the Price — Getting Your Pricing Right

    Pricing Structure
    Pricing Structure

    Service — sorted. Target Market — done! What’s next? Well, it is time we start talking about the money in the bank, lol!

    There are brackets, categories and market conditions that may influence your pricing structure, but the key is to analyse, adapt and ace — in the end. Analyse what other freelancers are charging for similar kinds of service, be adaptive with your pricing and ace the game with a pricing structure that helps you reap the profits without compromising on the flexibility.

    Your pricing may depend on various factors, including the likes of experience, industry, project timeline, complexity, list of deliverables, urgency as well as the location that you’re operating.

    There are no formulas here. No set of rules or norms that confine you to a specific pricing structure. Thus, it is better to not overthink it and start with a price that you’re comfortable with. There’s no bar for your pricing and growth — as you can always modify it in the future, so getting started is the key.

    Flaunt Your Skills — Assembling a Lucrative Portfolio

    Flaunt Your Skills
    Flaunt Your Skills

    They say you’re as good as your work. Rightly so, a great portfolio works wonders for your profile and career as a whole. An ideal portfolio showcases your work and your achievements and signifies the quality of your work and the things you’re capable of.

    Your portfolio should speak about your expertise, the kind of work you do and what the client can expect if he/she works with you. A strong portfolio is the culmination of case studies, testimonials, mockups and everything that concretes the superior work quality of the freelancer. Now, when you know it all — start flaunting.

    What’s Better Than a Great Proposal?

    When you know about your abilities, skills and what you can do — feel free to chalk things out and come up with an intriguing proposal that they can’t refuse or wouldn’t want to. The right kind of proposal can land you that gig of your dreams, so it is time you be considerate about it.

    An ideal proposal also duplicates as a sales or offers a copy of your services, and hence, a lot of effort should go into it. The key is to establish a friendly tone without losing professionalism and your proposal needs to do just that, again and again.

    The Currency of Relationships Ft. The Clients

    As freelancers, your clients are your livelihood. They are whom you do business with, the ones who’ll endorse you and be with you in the long run. It goes without saying, a positive relationship with your client is what would make or break you in the sector. While a good & healthy relationship would mean recurring business opportunities and great referrals, a negative reputation can quickly make you irrelevant in the grand scheme of things.

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    Things to Keep In Mind While Working as a Freelancer

    It is important to keep the following in mind while working as a freelancer:

    Nothing Beats Great Work, Ever

    Good work outlasts everything else. Understanding clients’ problems and solving them with your services goes a long way in establishing a long term relationship between both parties.

    Communicating Is the Key

    Communication is a powerful medium to establish long-lasting business relationships and make clients hold on to you for the future as well.

    Consistency Above Everything Else

    On-time delivery and uniform consistency go a long way in building trust so that clients can count on you for the future as well.

    Under Promise, Over Deliver

    Going out of your way to produce excellent work doesn’t just benefit the client but also affirms your position as a great asset to any team, company or business.

    Conclusion

    With all of the above being mentioned, freelancing continues to be relevant and is expected to grow at an unprecedented pace in 2022 as well. However, considering all of it — as an individual, the ball is in your court. It is up to you to decide how you want your career to shape amidst all the competition and demand. Freelancing is here to stay, and it is not an option. It is a decision. An integral one.

    FAQs

    Which work is best for beginner freelancers?

    Bookkeepers, Social media managers, Graphic designers, Photographers / Videographers, and Video editors are some of the most in-demand work beginner freelancers can get into.

    How can a freelancer start with no experience?

    Create an outstanding portfolio, get the pricing right, reach out to clients, use a freelance platform to find gigs, and build a positive relationship with your clients.

    Is freelancing a good option for beginners?

    Freelancing is a great career option for beginners but finding gigs in the first few months or years can be difficult.

  • Should You Replace Your In-House Employees with Freelancers?

    No matter what scale of business you’re running, you have probably thought at some point about hiring freelancers instead of full-time employees. Maybe it was a rough year of sales or too many issues with certain employees that made you think about it.

    The idea of having freelancers to work for you sounds great but is it actually practical? We’ll be discussing some of the important pros and cons of hiring a freelancer over a full-time employee and if you should hire them for your business.

    What’s wrong with Full-time Employees?
    The Pros and Cons of Hiring a Freelancer
    FAQ

    What’s wrong with Full-time Employees?

    It’s a fact that almost any business owner will feel more comfortable working with the employees that have been with them since the start. There is a sort of trust that builds within a business and its employees and it may feel wrong to go the other route and hire a freelancer. But why do businesses that operate entirely off freelancers exist? Full-time employees are great but here are a few reasons why businesses choose freelancers over them:

    • Employees are expensive
    • Local availability of skills
    • Employees require some management
    • Lack of specialization

    Having employees means paying them even when there’s no work to be done. That’s just how it works. Freelancers can be hired and paid for on a per-task basis.

    Depending on the scenario, yes you will be saving more money by recruiting freelancers instead of full-time employees. Access to a global pool of skills and specialized people can only be good for your business. Hiring a full-time employee also puts you in a position to be accountable for their actions. Aspects like employee rights, insurance, and other related policies have to be considered.

    If your business happens to be in a small city, you’re in short luck to find the people with the required skills for your business. Even if you do happen to find people who are skilled enough they might expect higher pays and bonuses since they’re aware of the lack of qualified people in the area.

    In scenarios like this hiring a freelancer might be ideal since you get the skills required to get those tasks done without committing to paying an employee year long.

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    The Pros and Cons of Hiring a Freelancer

    Since it’s obviously easy for any business to find a freelancer faster than an employee, why don’t most businesses do this? One of the reasons is that businesses trust employees more than a freelancer, especially with critical tasks.

    An employee is someone who’s been with the company for a considerable amount of time. They have an understanding of the company that’s probably better than that of the freelancer. But that doesn’t mean you shouldn’t hire a freelancer.

    Here’s a list of the pros and cons of hiring a freelancer for your business:

    Pros of Hiring a Freelancer:

    You only pay per task

    Let’s be honest, freelancers are not cheap. But if your business demands some skills that none of your employees have, you shouldn’t have to hire another employee just for the sake of filling the gap.

    Going over the entire hiring process all over again can be time-consuming and more expensive. Hiring a freelancer means less effort and you get individuals with the skill set you require. You only have to pay them for the tasks they complete. This could help you save money and the hassle of hiring new employees.

    Access to skills from all over the world

    Let’s assume your business is located in some remote location. Getting all of your employees physically on-site may not be practical. You may already have a few employees but your work demands more and this starts to slow you down over time.

    It’s a common problem for startups and enterprises based in remote areas. Getting a freelancer allows them to work remotely and contribute their skills to your task. You can hire talent from all over the world as long as you can shake on a price.

    It’s a short term partnership

    Unlike traditional employees, hiring a freelancer is a short-term deal. You hire them, they work for you and you pay them. There are no long-term commitments or policies to work out.

    You can hire the same freelancer over and over again whenever you need their skills and terminate their services when you don’t. This kind of flexibility isn’t possible when you’re dealing with full-time employees.

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    Cons:

    They may not be reliable

    While hiring a freelancer you should inspect their experience and ratings as this determines how good of a freelancer they truly are. Since they aren’t liable for much commitment, there’s always a possibility that a freelancer may abandon your project. This means you won’t have to pay them but it will affect your project, especially if it’s an important one.

    Something to keep in mind while hiring freelancers is to ask as many questions as you want, to help clarify your understanding of the freelancer.

    Lack of understanding

    As far as the freelancer is concerned, the only important information is what you have provided for him to work with. They are unaware of the core beliefs and ideas of a business and this may affect their work. It’s mostly not an issue for most businesses but it’s something worth considering before you hire a freelancer.

    An employee who’s been working at the same company for years has an overview of what it’s trying to accomplish. They have been briefed and have also undergone some form of training. A freelancer is only aware of the information you’ve given them and the results of their work may not be suitable for the business.

    Conclusion

    Any decision that might have an impact on your business should be done carefully. Whether you should hire a freelancer or not, depending on the circumstances that your business faces.

    If you just need some expertise for one or a few projects, hiring a freelancer should be ideal and get the job done. Instead, if you’re looking for individuals for the long run and are ready to account for their payments, hiring some reliable, full-time employees might be much more suited.

    Regardless of your choice, it’s best to think twice before taking advantage of the world of freelancers for your business.

    FAQ

    Why do companies prefer freelancers?

    Many companies prefer freelancers as they have more extensive exposure. Also companies prefer freelance employees for short duration projects.

    Which skill is best for freelancing?

    Social Media Management (SMM), Web and Mobile Development, Data Entry, Web Designing, Accounting, and Graphics Designing are some of the best freelancing skills.

    Is it better to hire a freelancer or a full-time employee?

    If you are a startup and are on a tight budget hiring a freelancer is the way to go.

  • Project Management Tools for Freelancers

    Would you rather choose a job opportunity where you get to decide who your client is, choose your workload and have the flexibility of working at anytime that you deem fit? Because that is exactly what freelancing is all about. Owing to these reasons, many young adults have taken up freelancing jobs in various domains such as web development, content development, marketing and other fields. As lucrative as it may seem, freelancing does not come easy and demands its fair share of time investment and management software.

    This is where Project Management Tools come in. These tools help users in planning, scheduling, and delegating work, collaboration with different team members with organised dashboards, storing files, and tracking your progress through resource management and reporting. Such tools can be of great help when it comes to taking up projects, as they help freelancers in almost all aspects of managing a project. In this article, we compare the top five Project Management Tools for freelancers, in terms of features, pricing and utility.

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    Project Management Tools

    Asana

    Asana Project Management tool
    Asana Project Management tool

    Asana is Project Management Tool for freelancers, which focuses on team work management and allocation of work. The list view feature of Asana helps users to identify what work needs to be done, and where and when it is due. You get to spot overlapping tasks and Asana helps you identify the unscheduled and independent tasks which you can replace with the one’s overlapping. Moreover the board feature helps your team to focus the task at hand by creating stage wise work, so the project is easily manageable.

    Solutions by Teams

    • Solutions for Marketing teams: Asana helps Marketing teams by planning a course of action that reduces the work load and creating a clear vision of expectations and goals. It helps you develop a marketing strategy and and execute it with instant requests and approvals eliminating ad hoc tasks.
    • Operations: Asana helps users by automating manual tasks and streamlines efficacy by reducing errors and reducing time spent on common projects. Moreover the Status feature in Asana helps turn progress into visual data to help track progress with ease.
    • Sales Management: Asana helps get all the information to respond to customer requests and establish common projects as templates and visualize progress. Templates such as Pre-Sales Deal support, Pipelines and Account tracking help teams to get insights on their sales data and customize workflows.
    • Product Management: Asana has been hailed as one of the best tools to market products and for good reason. It helps to plan product workplan along with priorities, reach milestones and have better coordinated product launches with resource shifting whenever required.

    Solutions by Workflow

    Asana offers solutions categorized by workflow such as Project Management, to track and manage team projects and Workflow Management which helps you create custom processes to cater to your needs. It also allows you to manage calendar to create and manage work by schedule along with remote collaboration, which has become the need of the hour, given the pandemic has halted travels and commute. Moreover, be it prioritizing tasks, or boosting productivity, Asana helps users be agile and flexible, which is the backbone of freelancing and hence is considered one of the best Project Management Tools for freelancers.

    Pricing model for Asana

    Basic Premium Business Enterprise
    Comes free of cost Costs $10.99 per month per user when billed annually, and $13.49 per user when billed monthly Costs $24.99 per month per user when billed annually, and $30.49 per user when billed monthly Depending on the scale of enterprise, user needs to contact the sales team to find the actual cost
    Build for teams and individuals new to freelancing For teams that have been in freelancing for a while and want to build projects for portfolio To manage professional work for institutions For large scale organisations
    To manage tasks and achieve goals for beginners with all the basic features for freelancers Best for teamwork projects and comes with Dashboard, Advanced search and reporting and Admin console and much more Comes with all amenities of Premium version along with advanced integrations and custom rules building Advanced features suited for enterprises such as user provisioning, custom branding, and online support

    Trello

    Trello Project Manager

    Trello is a team management tool for freelancers which helps users collaborate and coordinate with any team for the simplest projects such as a client meeting, webinar, or a website launch. Like any other project management application for freelancers, it helps users to draft out a schedule, create and follow up on deadlines, adding comments and attachments. Moreover its workflow automation tool, Butler helps you surge your productivity with rule based triggers, calendars, due dates, cards, and board buttons.

    Butler: Workflow automation tool 

    Pricing model for Trello

    Free Edition Business Class Edition Enterprise Edition
    Comes free of cost Costs $9.99 per month per user Costs $17.50 per user per month for 100 users and the cost per user decreases with increase in users
    Offers 10 Boards per team and unlimited cards and lists with just 10 MB per file attachment All the free features along with 250 MB per file attachments and advanced checklists and priority support All the Business class features with Powerup Administration, Oranization wide permissions and public board management
    Simple automation with Butler with 50 command runs per month Strong automation features with 1000 command runs per team along with 200 per user Best in class automation with unlimited buttons, rules and unlimited commands

    Wrike

    Very similar to the first entry in the list, Wrike offers Project Management solutions by teams and by use cases. Like other tools, Wrike offers remote collaboration between employees of an enterprise or team of freelancers with customizable dashboards and workflows. Moreover real-time comments, dynamic reports, and notifications Wrike offers streamlined flow of information for seamless team management.

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    Project Management tools for remote teams

    Solutions by teams

    Wrike offers solutions ranging from Project Management and Marketing teams to Professional Service and Product Development encompassing most of the aspects for a Project Management Tool. Real-time visibility helps you avoid delays with proper planning and delivering result through them. Also, Wrike offers need based templates to cater to your specific needs. The Product Management solution offers a central product vision to break down silos, improving team coordination and managing resources efficiently to extract maximum output from the team.

    Solutions by User Case and Workflow

    Solutions for use case, provided by Wrike include:

    With features such as full visibility and minute details for enterprise level project management, to unification of group communication and actionable takeaways from meetings and discussions for Agile projects, Wrike works like magic and has earned its spot on the best Project Management tools for freelancers.

    Pricing model for Wrike

    Free Version for 5 users Professional Edition for 5/10/15 users Business Edition for 5-200 users Enterprise Edition for Unlimited users
    Comes free of cost Comes at $9.80 per user per month Comes at $24.80 per user per month Varying cost according to the plan, requires the user to contact support
    Basic features such as Task Management and Activity Streaming All basic features along with subtasks and advanced integrations including MS Project and Excel Basic features along with real-time reports, graphic analytics request forms and other features All business features in addition to directory integration, 2 factor authentication, audit reports and other advanced features
    Offers 2 GB storage space Offers 5 GB storage space along with 15 GB video upload space per month Offers 50 GB storage space along with 15 GB video upload space per month Offers 100 GB storage space along with 15 GB video upload space per month
    Offers Gantt charts, shareable dashboards, and collaborators Offers Salesforce integrations and branded workspace Offers Network access, Buiness Intelligence, and advanced User Access Controls

    Thrive

    Thrive Project Management

    Thrive has been a go to Project Management tool for many professional freelancers and amassed positive reviews owing to its user friendly interface and efficient and smooth running. Thrive helps users to be updated on projects with performance reviews, deadline insights based on past projects and manage tasks. Time sheet of Thrive is one of the most seamless to handle and maintain and gives users the easement of manually controlling it in case of errors. It also allows you to assess the hours put into work, so you can charge for the time you have spent working on a project, without any hassle.

    Thrive also allows users to create quick and appealing invoices, which are simple to create and send, with instant field submission, hence saving time. Another reason you can use Thrive is because it allows integration of Business Intelligence making it easy to interpret figures and facts, along with insights into your expenditures, both, one-off and recurring. Additionally, Thrive also offers a client section, which comes in  handy when your client list grows, so you can keep check on what all you have completed and what remains.

    Pricing model for Thrive

    Thrive offers an extremely simple pricing model, that costs $19 per month per user for the individual user version, while it costs $20 for team based version, per month per user. The features it offers in both editions are the same including invoices, expense assessment, time-sheet, clients, analytics, and resource management.

    Bonsai

    Bonsai Project Management

    Bonsai is a user friendly Project Management tool for freelancers, that specializes in integrating applications and automating workflow for seamless business management. With creative and custom invoices, Bonsai sends automated payment reminders on your behalf to your employer. Moreover, with a Projects and Client CRM, it helps you organize your documents and files while keeping a track of time with an automated time-sheet.

    Bonsai allows you to generate a contract template which can be e-signed in no time while also helps you in simple task management built for all kind of works, ranging from website development to photography. Moreover, Bonsai encompasses major countries including UK, Canada and Australia, and supports about 180 different currencies.

    Pricing model for Bonsai

    Workflow model Workflow plus model
    Costs $19 per month Costs $29 per month
    Offers unlimited clients and projects, proposals and, contracts Offers White-labelled client experience with client forms and questionnaires
    Offers invoicing, payments and client CRM Offers all features of Workflow model along with Workflow automation, Calendly integration and subcontracting
    No Priority support Comes with Priority support