5 Great Tips to Create Professional Invoices with eSignatures | DrySign By Exela

 

Digital signatures: Key to thriving freelance invoices

The gig economy is all the hype – it is foreseen to reach 455.2 billion U.S. dollars in 2023. In a gig economy, people work in temporary or part-time positions or as independent contractors. Around 70% of freelancers get jobs at gig economy sites and online markets, which shows a tremendous demand for freelancers across different niches and industries. Freelancers generally have to play both the roles of an employee and a business owner. Being your own boss means getting your work done and being equipped to run a business. When you start a business of your own, you will have your plate full, for ex: pitching your products or services to the clients, following up on potential clients for projects, creating contracts, sticking to deadlines, rolling out invoices, and getting paid. As a matter of fact, generating revenue is the ultimate goal of any business, and so it remains for freelancers too. The first and crucial stage to get paid faster is a professional invoice. However, creating and sharing invoices manually accounts for human errors that may end up causing data loss or theft, spelling or grammar errors, and more. This is where digital signatures can make life easier for freelancers. Integrating e-signature software in your workflows can help save a lot of time and costs and ensure that you limit human errors to a minimum. In addition, using eSignatures also ensures end-to-end security and legality of your documents.

Managing everything alone may sound challenging, but you can thrive with the right blend of skills and technology. Whether you are all set to take the plunge as a freelancer or an established member of the gig economy, this blog has it all to help you survive, grow, and prosper. So let’s dive in to know more.

All set to be a freelancer?

Find a community and establish your presence Getting support, being accountable, and exploring new resources is paramount for a freelancer, and related online communities are a great way in. Don’t be afraid to start one of your own if you can’t find one you fit into. Start with a decent website, share your contact details, a clear listing of services, and a rich portfolio to establish your presence and build a community of fellow freelancers to stay motivated and on track.

If you want to work on your own terms, freelancing is a great option. Being a freelancer allows you to work at your convenience, anytime, anywhere. However, as they say, with great power comes great responsibility. Freelancers don’t necessarily need a team or administrative workforce like a business. Still, they need to handle all aspects of operating a small business. If you are a newbie starting off on your journey to leave the 9 to 5 behind, here is a checklist of some helpful freelancing tips.

If you are a freelancer, try DrySign for Free Now!

 

  • Find a community and establish your presence

Getting support, being accountable, and exploring new resources is paramount for a freelancer, and related online communities are a great way in. Don’t be afraid to start one of your own if you can’t find one you fit into. Start with a decent website, share your contact details, a clear listing of services, and a rich portfolio to establish your presence and build a community of fellow freelancers to stay motivated and on track.

  • Build a pipeline and stick to the routine

Being a freelancer is a full-time job that you are entirely reliant on. Moreover, in the gig economy, getting new clients onboard every day is becoming quite challenging with so many options available. In this situation, it becomes crucial to have a pipeline of forthcoming projects ready and follow a specific routine. Keep adding to your channel even if your schedule is full. Establish a routine by setting working hours and standards, and stick to it for better outcomes.

  • Stay up-to-date with documentation

While an employee just has his individual assignments and work to look into, freelancers have plenty to look into besides their assignments, which includes additional paperwork and documentation. From bookkeeping to contract formation, tax filing, invoice generation, and more – freelancers have to take care of everything. Here it becomes imperative for freelancers to leverage technology and digitization tools to stay up-to-date with their documentation.

  • Build a portfolio

Starting on your own takes extra effort – especially when you are getting work that is valued and paid for. You need a strong portfolio ready to help your clients choose you for their requirements. Build a portfolio with the necessary files, clips, and documentation on past projects. Ensure that your portfolio showcases your skills and personality to help you stand out from hundreds of other prospects out there.

  • Invoice early and get paid faster

A proper, professional invoice is a crucial stage in getting paid. Enable your clients to process payments faster with a clear, transparent invoice that has all the right details in place. However, creating and maintaining invoices and getting all the right sign-offs before tight deadlines is an added responsibility that comes with a freelancer's profile. Here are 5 tips for creating a clear, concise, and securely shared invoice.

 

Also Read: eSignatures to Project Management: 6 Best Software for Freelancers in 2022

What is a freelance invoice?

A freelance invoice incorporates the details of services or products you have provided to a client, the total amount you charged for the job, and additional requisites, if any. However, a professional freelance invoice must include specific pointers to sound informative and inclusive. Every business runs on the revenue generated, which makes it crucial for freelancers to pay close attention and manage their finances. The first step towards sound financial documents is a good invoice. Here are five tips for putting together a winning, professional invoice.

  1. Incorporate all the information precisely
  2. Include e-signature fields for multiple recipients
  3. Embedded payment option
  4. Tracking and analytics
  5. Simplified invoice sharing

Incorporate all the information precisely

Ensure you incorporate everything in your invoice while formatting – product details, contact information, payment terms and conditions, the due date for payment, discount details, if any, and taxes to be paid. While adding contact details, terms and conditions, and product details, ensure you enter the accurate and latest data available to avoid further confusion.

Include e-signature fields for multiple recipients

It is evident that the traditional signing and paper handling method is time-consuming and requires additional effort and costs to get the documentation done. Being a freelancer, you wouldn’t want to waste your time on paperwork. Incorporating electronic signatures into your invoices allows your clients to expedite approvals. eSignatures streamline document workflows and also help boost conversions. DrySign, a leading e-signature platform, provides electronic signatures that are 128-bit secured and comply with E-SIGN and UETA to ensure legal compliance.

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