I have realized in the past few months that my major could potentially be very helpful if I would like to be a stay at home mom. There are so many opportunities to do freelance design work it's amazing. I have done some myself while going to school and holding a part time job. One thing that I have learned is that if you don't have time to do the freelance work on the side, don't. It's always difficult to say no becaue it's a great opportunity, but as I have demonstrated in the past three days of my life, staying up until 4:30 in the morning is just not the smartest idea.
One other important aspect of contracting freelance design work is that you should always have a contract. Either create your own or start with a template and tweak it to fit your circumstances. Always agree upon how much you will be paid whether it's per hour or a lump sum for the entire job. Also, estimate how long the job will take you and make sure you let the customer know. By doing this, the customer and you will know exactly what you agreed upon and terms will not change later after a job is completed.
There are obviously a lot of other items that could be placed into a freelance designing contract, but I believe that most of those are very circumstantial. I would suggest going to David Airey's webpage to see the contract that he has created for himself. He gives some great tips on contract work as well.
I have placed below my most recent freelance project.
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