▶️ No more free badges

Happy Tuesday! And welcome to November. Daylight Savings Time ends at 2 AM this Sunday. “Fall back” means we’ll get an extra hour of sleep, but it also means one less hour of sunlight at the end of the day.

Believe it or not, this practice dates back to 1784. The reason? To conserve candles. But given that candle conservation is not a modern-day priority, many experts now argue we should eliminate the practice and stick to permanent Standard or Daylight Time. Until that happens, enjoy those few extra z’s this weekend.

Mentioned in this edition: Twitter, the U.S. economy, YouTube, and the Supreme Court. Plus what you’re really saying when you miss a deadline, 6 types of boring businesses that (almost) never fail, and the most famous freelancer you’ve never heard of.

Read time: 3 minutes and 10 seconds

Making the Rounds

  • Twitter verification may soon cost $20/mo. As part of the sweeping changes he’s looking to make after taking over, Elon Musk is reportedly looking to roll out a new version of Twitter’s paid subscription that would cost $20/mo and be mandatory for verified users to retain their verified badge.
  • U.S. economy grew 2.6% in Q3. The jump came after two consecutive quarters of contraction. But we’re not exactly out of the woods yet: interest rates are set to be hiked yet again when the Federal Reserve meets this week, which could increase the likelihood of a more severe recession in 2023.
  • Supreme Court decides to hear case challenging legal protection for social media platforms. The case was brought by the parents of a 23-year-old U.S. citizen killed in an ISIS terrorist attack in Paris in 2015. They claim YouTube violated the Anti-Terrorism Act by recommending other ISIS videos to users. Social media platforms are currently shielded from liability related to user-generated content by something called Section 230. But all that could change with a ruling from the high court.

Working With Clients

What You’re Really Saying When You Miss a Deadline

Want to know the easiest way to stand out as a freelancer?

Best part is, it’s got nothing to do with skills, experience, or track record.

All it takes is being able to manage yourself effectively.

It’s not sexy… but it’s infinitely more valuable than most freelancers ever realize.

By now, you’ve probably guessed it…

Don’t miss deadlines. Ever.

It sounds simple, we know — but trust us… getting your work in on time will instantly set you apart from the competition. 

Don’t believe it? Try hiring a freelancer and see for yourself.

And if you find yourself struggling to hit deadlines you set…

Here’s what to do:

  • Do a time audit on your next project
  • Add 24-48 hours on top
  • Use that as your next deadline

Once you’ve got a grip on how long each task or project takes you on average…

You shouldn’t have any trouble hitting deadlines.

Working For Yourself

6 Types of Boring Businesses That (Almost) Never Fail

Two out of three businesses fail within 10 years.

So… what’s the secret to building a profitable biz that lasts?

It starts by understanding the strengths and weaknesses of your underlying business model.

Especially if you’re considering something “sexy” like ecommerce, dropshipping, or Amazon FBA.

In this video from Codie Sanchez of Contrarian Thinking, you’ll discover 6 types of boring businesses that (almost) never fail.

Check it out:

[WATCH]: 6 Types of Boring Businesses That (Almost) Never Fail

Tools We Love

The Most Famous Freelancer You’ve Never Heard of

Case studies and social proof are great.

But there’s one thing holding most freelancers back from charging premium rates and commanding an elite position in the marketplace…

Credibility (or a lack thereof).

And the fastest way to build credibility is to “borrow” it from somebody else…

By getting booked as a podcast guest.

Studies show podcast listeners are typically more educated, affluent, and active on social media than the average American.

And when prospects see (or hear) you being interviewed by someone else they trust, those feelings are instantly transferred to you.

That’s where Guestio comes in.

Their guest booking and interview platform allows you to cut to the front line and book yourself on shows like:

  • Entrepreneurs On Fire with John Lee Dumas
  • Build Your Network with Travis Chappell
  • Franchise Secrets with Erik Van Horn
  • And many more

No more jumping through hoops or sending out cold DMs.

So if you’re looking for the simplest and easiest way to build credibility and attract more of your dream clients…

Head over to Guestio:

Find your first (or next) podcast booking on Guestio today.

Gig Alerts

Looking for clients? These freelance jobs were posted on Upwork in the last 24 hours:

Other Reads You’ll Enjoy:

Good newsletters are hard to find. Here are a few of our favorites:

  • The Daily Upside: Insightful business news that respects your time and intelligence.
  • Alts: Demystifying the hottest unique investment ideas out there, like NFTs, wine, websites, LEGOs, and more.
  • Stacked Marketer: Join 32k+ readers getting free daily insights on all major marketing channels, including Google, Facebook, TikTok, native ads, SEO, and more.

Quote of the Day

“It’s not that I’m so smart, it’s just that I stay with problems longer.”

— Albert Einstein

In Case You Missed It:

🚨 Freelancer favorite hacked

Happy Thursday! Today is the autumnal equinox. This is one of two days in the year where day and night are the exact same length as the sun crosses the celestial equator. In other words, it’s all downhill from here until the winter solstice on December 21. At least we’ve got Pumpkin Spice Lattes.

Mentioned in today’s newsletter: Revolut, Twitter, and the Federal Reserve. Plus 3 tips on how to price yourself for new freelancers, a simple work-life balance trick for anyone working at home, and the fastest way to build credibility online.

Read time: 3 minutes and 33 seconds

Making the Rounds

  • Cyberattack exposes personal data for 32,000 Revolut users. The fintech startup used by many international freelancers revealed it was hit by a highly targeted cyberattack on September 11 that left customers’ names, email addresses, and phone numbers exposed.
  • Federal Reserve raises interest rates another 0.75%. With inflation on the run, Fed Chair Jerome Powell had no choice but to raise interest rates again, increasing the chances of a major economic slowdown in the coming months.
  • Twitter user files class-action complaint to recoup money made from serving her ads. Lauren Price wants Twitter to pay her back all the money they made off serving her ads after the platform revealed they inadvertently used user phone numbers to target ads. In case anyone from Big Tech is reading this, we’d happily settle for a measly 25% of our ad revenues.

Working With Clients

New Freelancer Reveals His Pricing Secrets

Pricing is one of those things everyone likes to you in broad terms…

But not when it comes to their own pricing strategy.

So if you’re a new freelancer who’s struggling to figure out how to price themselves…

Here are 3 tips to help you out:

TIP #1: Charge by deliverable (not by the hour)

If you’re a new freelancer, you may be tempted to start off charging by the hour.

But charging by the hour incentivizes you to work slower.

Instead, charge clients per:

– email
– image
– video
– landing page
– sales page
– etc

This way, there are no unexpected surprises for them if the job takes longer…

And you get rewarded if you can get it done quicker.

TIP #2: Ask for a 50% deposit.

Asking for a deposit helps weed out low-quality clients.

So if they’re not willing to pay you a portion of your fee up front, proceed with caution.

But if the idea of asking for money up front makes your palms sweaty, you could always reduce the amount to 25%.

One final caveat: 

If it’s a small project (like under $100-$200), just ask for the full amount up front instead.

TIP #3: Get approval on pre-work if possible

Since you’re asking for a deposit, you want to make sure your first draft isn’t way off base so the client doesn’t feel like they’ve paid you for nothing.

The best way to do this is get pre-work approved.

In the case of copy, this could be an outline.

In the case of an image or video, this could be a creative brief

In the case of an ad campaign, this could be a campaign mockup.

Regardless of what your service is, getting the greenlight on pre-work will save you time and make clients happier.

Working For Yourself

What Did the Freelancer Say to the Desk at Lunch Time?

Work-life balance is a constant struggle for freelancers.

That’s why, in addition to having a structured workday where you start and end around the same time…

One of the best ways to create separation between work and personal is to eat lunch away from your desk.

Even if it’s just 15-20 minutes…

Giving yourself a break from the computer screen is good for mind and body.

Tools We Love

It Was Pretty Great if I Do Say So Myself

Case studies and social proof are great.

But there’s one thing holding most freelancers back from charging premium rates and commanding an elite position in the marketplace…

Credibility (or a lack thereof).

And the fastest way to build credibility is to “borrow” it from somebody else…

By getting booked as a podcast guest.

Studies show podcast listeners are typically more educated, affluent, and active on social media than the average American.

And when prospects see (or hear) you being interviewed by someone else they trust, those feelings are instantly transferred to you.

That’s where Guestio comes in.

Their guest booking and interview platform allows you to cut to the front line and book yourself on shows like:

  • Entrepreneurs On Fire with John Lee Dumas
  • Build Your Network with Travis Chappell
  • Franchise Secrets with Erik Van Horn
  • And many more

No more jumping through hoops or sending out cold DMs.

So if you’re looking for the simplest and easiest way to build credibility and attract more of your dream clients…

Head over to Guestio:

Find your first (or next) podcast booking on Guestio today.

Gig Alerts

Looking for clients? These freelance jobs were posted on Upwork in the last 24 hours:

Quote of the Day

“I’m a greater believer in luck, and I find the harder I work the more I have of it.”

— Thomas Jefferson

ICYMI: