Every day you perform a balancing act. You try to spend equal amounts of time on all your freelance projects, get enough sleep, work on your passion project, eat food, hydrate, maybe hit the gym, and take out the trash. You have a lot to do in one day and sometimes the laundry list of things you have to do feels overwhelming and now, on top of your regular list of things to do, you also have to think about tracking the time you spend on your freelance work. The thought of tracking your progress on your freelance projects sounds exhausting, time consuming, and it’s one more thing you now have to add to your list. However, it is important to track your time for accuracy, scheduling, and negotiating.
You don’t want to guesstimate the time you spend on your freelancing projects because it is not fair to you or your client. You want to make sure that you are being paid a fair amount for your hard work and that you also aren’t over-charging your customers. If you track the hours you spend on a project for a client, then there will be no confusion on the value of your finished project. Tracking your time will allow you to give prices to clients that best fit the hours you will be putting into their project.
Since you have a laundry list of things to do, you want to be able to plan out your day. In making your schedule, it is important that you know how much time you should give yourself to work on your freelancing projects. If you track the time you spend on each project, it’s easy to plug freelancing into your schedule. Tracking your freelancing projects also allows you to map out how long you think the project will take. If you know how long a project will take, then you will know when you will be available to start a new project. You’ll also be able to keep your clients in the loop for how much longer it will take you to complete their project.
Every freelance project you accept is a little different. You’ve encountered clients from all walks of life who have different projects and experiences. You enjoy meeting new people and getting to know the things that your clients are passionate about. However, it’s hard to fairly negotiate your price for each client if you have no way to measure how fast you work. If you track your progress on your freelance project, you will be able to negotiate your prices for future clients based on the average pace it takes you to complete a project. This will help you avoid under or over selling yourself.