Recurring assignments are a cornerstone of a stable freelance career. They refer to ongoing work you perform regularly for the same client.
What is Recurring assignments?
Recurring assignments are tasks or projects that a client needs you to complete on a regular basis. This could be weekly, monthly, or quarterly. Examples include writing monthly blog posts, managing social media accounts, or providing ongoing technical support.
Why is this important?
For freelancers, recurring work is crucial for financial stability. It reduces the time and stress of constantly searching for new clients. This predictable income allows you to plan your finances and business growth more effectively.
How does it work?
Typically, you agree on a scope, schedule, and rate with a client. Work is delivered at set intervals, like every Monday. Payment is often automated via retainer agreements or scheduled invoices through platforms or direct contracts.
Pros and cons
The main pros are income predictability, stronger client relationships, and less administrative work. Potential cons include over-reliance on one client, which is risky, and the possibility of work becoming monotonous if not managed.
Conclusion
Recurring assignments are a powerful tool for building a resilient freelance business. They provide a foundation of reliable work. Aim to cultivate a mix of recurring and project-based clients for optimal balance and security.
Ready to freelance?
Download the HFS Freelancers app and discover flexible shifts in your area. Or explore more terms in our knowledge base.
