Peter Micklewright is the name of the freelance Graphic Designer that came in to give us the lecture and I haven't taken down so much notes in one lecture before. Micklewright listed a few pros and cons of being a freelance Graphic Designer which are:
Pros
Pros
- Independent with all the profits
- Its easier to get business running
- You decide when you want to work
- You choose when you work and when you go on holiday
- You can claim back a percentage of your expenses and overheads against your annual income
Cons
- You are the alpha and omega
- You are responsible for costings and quoting
- You will be responsible for your debts
- When you don't work, you don't get paid
Being a freelance Graphic Designer you have to be properly organised to be able to keep your business going. Making sure that your book keeping is up to date and not getting yourself into debt. Micklewright was also saying that you need to have drive and determination, a dynamic portfolio and you need to be able to focus. At the moment I am building my portfolio further by designing logos and flyers for friends for their clothing lines or campaigns that they are organising. So I would say that I do have the drive to build my business and I will have an ongoing dynamic portfolio if I keep continuing to design for people and design in my free time.
In addition, Micklewright talked about how he works out his hourly rate. This is one of the things that I never really knew how people worked that out. He said that we are to calculate how much money is leaving our account every month, so that will include rent, bills, grocery shopping, even little things like Amazon Prime monthly payments. When I calculated how much I was spending every month, I had the biggest shock of my life. From that total amount, you then go on to find out your expenditure over a quarterly, bi-annually and annually period of time. You then add those three amounts and multiply by 12, divide by 10 and divide by 160 hours. However the hours may vary depending on how many hours you work.
In conclusion, Micklewright had concluded with is a question that has stuck with me which is, "What experience do you need for the job and how unique is your skills set?" This is a veery important question I need to think about are my skills unique enough for me to get the type of job I want? It all comes down to how I promote myself.