How to Use the LinkedIn Marketplace as a Freelancer

Seventy-three percent of hiring managers plan to continue or boost their reliance on freelancers.

Historically, freelancers have had some platforms to connect with potential employers, including Upwork and Fiverr.

As the demand for freelance work increases, it stands to reason that the number of platforms mirrors this growth.

What Is LinkedIn Marketplace?

Given this new reliance on freelance sloggers, it makes sense that LinkedIn, the most successful professional social networking site, would set its sights on creating a business that allows freelancers to connect with companies searching for contract work.

While LinkedIn is no stranger to connecting individuals with available job openings, LinkedIn Marketplace aims to connect freelancers with contract openings.

Work on this action allegedly began in October of 2019, with a conditional launch date of September 2021.

While the social media mammoth has made no sanctioned advertisement of this business, suggestions of its development are not scarce.

In fact, a prophet was recently reflected in Fortune.

In the future, we’ll be building new ways to share more about the services you [could] offer directly through your LinkedIn profile.

With the impending launch of LinkedIn Marketplace, LinkedIn is now in direct competition with both Upwork and Fiverr, publicly traded online freelance job marketplaces.

The marketplace is anticipated to have similar features to both competitors. Still, with a LinkedIn spin, businesses can both seek out freelancers, compare rates, and share posts for freelancers to respond to. After a project, companies can leave reviews about individual freelancers.

How Does LinkedIn Marketplace Work?

While LinkedIn Marketplace is still in development, we are aware of several crucial factors that will be helpful as you prepare your strategy for the new platform.

The platform will focus on services such as consulting, writing, marketing, and graphic design.

The platform will be similar to Fiverr and Upwork, platforms that host freelance work and take a cut of each job.

• It will support payment via a digital wallet offered by Microsoft.
• The digital wallet will expand LinkedIn’s paid content Network.
• LinkedIn Marketplace will mimic much of LinkedIn ProFinder.

While we assume much of the functionality will be similar to that of its predecessor, ProFinder, the defining details of LinkedIn Marketplace, with its upcoming release, have yet to be identified.

LinkedIn Marketplace vs LinkedIn ProFinder

Marketplace isn’t LinkedIn’s first foray into the freelance marketplace.

LinkedIn ProFinder allows druggies to search for suitable aspirants for jobs. On the other hand, ProFinder enables users to advertise their services to businesses and indicate that they are “open for business.”

Marketplace will make use of this functionality, allowing businesses to compare freelance rates and post reviews, as well as make connections and deals on the platform.

This expanded functionality increases opportunities for the platform’s hundreds of millions of users while simultaneously enhancing advertising options for freelancers by providing them with paid opportunities to promote their experience and offerings on the marketplace.

How to Prepare For LinkedIn Marketplace

Whether you are looking to expand your portfolio or are a first-time freelancer, we want to help you succeed in the newest business for contract workers.

Below, we break down four steps to ensuring that you’re set up for success in LinkedIn Marketplace.

1  Create a Portfolio of Work

While your resume addresses the basics, a compelling work portfolio stands out.. If you don’t have a highlight reel of your most significant projects, now is a great time to gather those documents.. Whether you’re a graphic designer or a writer, having tangible assets goes a long way in the digital freelance marketplace.

Here are three tips for making your portfolio stand out from the crowd.

1. Put your best work forward: When selecting the work to include in your portfolio, you might be inclined to include every project you’ve ever worked on. Don’t do this. Somewhere between seven and 10 examples is the sweet spot for your portfolio.
2. It’s all in the details: Include a detailed caption with every piece you include in your portfolio. This should consist of:
   1. positive outcomes
   2. your role
   3. Brief description of scope
   4. client name and industry
3. User experience: Wouldn’t it be nice if your standard cover letter were suitable for all potential employers? The same principle applies to your digital portfolio; tailor the content to each job posting to create the most streamlined user experience.

While these tips are perfect for a freelancer looking to build a portfolio, for those looking to revitalize or reimagine an existing portfolio, we suggest:

• Rearrange: Without adding any new content to your existing portfolio, you can give your portfolio a new lease on life by rearranging the order of samples. See if you can tell a new narrative with a different beginning and ending.
• Reduce: Does your portfolio feel a little on the heavy side? Side Reduce it by 10 to 20 percent for a leaner, meaner representation of your work.
• QuShowcase: Have glowing reviews about your work or the success of a project. Add these testimonials to your portfolio pages to set yourself apart from the crowd.

2  Set Competitive Prices

If you’re starting, setting a rate for your freelance work can feel overwhelming. Are you charging too much or too little?

However, with these four steps, you can set a rate that works for your wallet and your work.

1. How much money do you want? By establishing your desired annual income, you can guide your freelance fee to fit within this parameter.
2. Business Costs: Freelancers need to prepare for the expenses associated with running a business. You should not only account for things like laptops and software, but also health insurance and taxes, both of which can be exceedingly expensive.
3. Working hours: Don’t forget to consider time off and sick days when calculating your rates.
4. Value of your Work: Your work is valuable; don’t forget that. If you’ve gone through the above steps, calculated expenses and time off, and your hourly rate still comes in well under industry standards, you need to reassess how much value you’re affording your work.

3  Optimize Your Website

When implicit employers view your LinkedIn Marketplace profile, it’s doubtful they’ll stop there. To ensure you’re best-positioned to score that high-paying freelancing gig, be sure to optimize your personal website.

While there are many ways you can improve your existing content, copy, and images, here are our 10 tips for making your website as appealing to potential employers as possible:

1. Produce a caption that lets callers know what you are about as soon as they land on your page.
2. Include a print of yourself so callers see you as a real person, rather than a capsule in a pile.
3. Start a blog to showcase your varied strengths and industry awareness.
4. Use strategic keywords in copy and your accompanying blog posts.
5. Conduct A/B tests on all elements of your pages.
6. Eliminate complex paths by ensuring visitors can reach their desired location in three clicks or fewer.
7. Keep your design elements consistent.
8. Include client testimonials.
9. Post your rates.
10. Showcase your personality in your website copy.

While optimizing your particular website is an ongoing process, starting with these tips can make a strong foundation that you can build on as you grow your portfolio and your voice as a freelancer.

4  Market Yourself

You can earn some perks, customer quotations, and witnesses by selling yourself.

These tips can help you secure jobs and gather references that will enhance your credibility when it’s time to build your LinkedIn Marketplace profile.

Social Media

Just because LinkedIn’s new platform isn’t up and running doesn’t mean you can’t use other social channels to connect. Consider making how-to videos or sharing tips of your trade to increase your followers and close any information gaps within your industry.

While this may not directly lead to paid gigs, this strategy can increase your exposure and grow your audience, completing an essential step for increasing your reach.

Ask

Have you worked for a company that was exceedingly pleased with your work? Ask them if they’ve any other systems you can take over.

See a company desperately in need of your skills. Set Rea. Out. The worst response will be a simple” No, thank you.”

Affiliate Marketing

Are you a graphic developer, and your friend is a pen, and she’s freelancing for a company in need of design work? Perfect. Take this same approach with other freelancers and monetize the outgrowth through a chapter marketing strategy:

Conclusion

Whether you’re a professional freelancer or just getting started, LinkedIn Marketplace offers new opportunities for nontraditional workers to connect with potential clients.

As you take advantage of LinkedIn Marketplace, flash back to take all the necessary steps to stand out from the crowd. Be sure to modernize your portfolio, optimize your website(without over-optimizing), and gather as many customer witnesses as you can.

Don’t forget to continue traditional self-marketing activities to acquire clients in the interim.

By preparing your freelance business for this new platform, you are exponentially more likely to find success on LinkedIn Marketplace.