3 financial tips for becoming an international freelancer

Becoming an international freelancer is an effective means of diversifying your operations.

In today’s digital world, working across borders is easier than ever. Your client can benefit from your specific expertise or local connections, while you can make your services available to a whole new market.

But, snapping out of the status quo and setting yourself up as an international freelancer requires some prior planning. Here are our three top tips to help you start off:

Top tips for becoming an international freelancer

1. Understand exchange rates

Clients want to be billed in their own currency, so you’d better get used to doing some sums.

But, exchange rates are complicated. When you check on a dedicated site, you’ll probably see the mid-market rate, whereas the banks will likely charge more. Take this into account when billing clients.

2. Invoice with accountancy software

Invoice overseas clients using accountancy software, such as Xero.

That way, you can send the invoice quickly and conveniently online, rather than waiting for the post or risking an emailed invoice going unrecorded.

3. Use online payment engines

Link the invoice with an online payment engine to simplify the payment process.

This will help you get around high bank fees. But, watch out for conversion fees, and try to find a provider who will exchange at the mid-market value.

Try these simple tips to get yourself set up as an international freelancer and open up your services to dynamic foreign markets.

Find out how to prepare financially for taking on an international client base by calling on the experts at 3 Wise Bears.