Why you will Fail in Freelancing!

Summary

This video discusses the challenges Indian freelancers face in earning substantial income, with only 1% making over 10 lakh Rupees per month. The speaker identifies three main obstacles: poor English communication skills, societal conditioning that instills a scarcity mindset, and the comfort of living with family. To overcome these, freelancers must improve their mindset, step out of their comfort zones, and focus on building scalable businesses rather than just fulfilling client work.

Takeaways

• 💼 The majority of freelancers in India, especially those in creative fields, struggle to earn a substantial income, with only 1% potentially making 10 lakh Rupees or more per month.
• 💻 Technical freelancers, such as coders, have a higher chance of earning well due to the demand and higher pay in the tech industry.
• 🗣️ A significant barrier to high earnings for Indian freelancers is the lack of proficiency in English, which limits their ability to communicate and secure deals with international clients.
• 💵 The inability to earn in foreign currencies, like dollars, due to language barriers, prevents freelancers from leveraging currency exchange rates to increase their income.
• 🏡 Societal conditioning and middle-class backgrounds often instill a scarcity mindset in freelancers, making it difficult for them to envision or pursue higher earnings.
• 🌐 The comfort of living with family in India can hinder personal growth and the motivation to push beyond one's limits, which is necessary for entrepreneurial success.
• 🚀 To break the earning barrier, freelancers must work on improving their mindset, breaking free from societal conditioning, and adopting an abundant mindset.
• 🛑 Getting out of the comfort zone is crucial for personal and professional growth, as it pushes freelancers to take risks and seek new opportunities.
• 📈 Freelancers should focus on building scalable businesses rather than just fulfilling client work, which allows for sustainable growth and higher income potential.
• 💡 Entrepreneurial freelancers should prioritize working on their business, such as sales, marketing, and culture building, over being caught up in the day-to-day operations.

Q & A

What percentage of freelancers in India does the speaker believe can make a significant income?

The speaker believes that only 1% of freelancers in India, specifically those in the creative industry, can make a significant income.

What is the speaker's definition of 'enough money' for a freelancer in India?

The speaker defines 'enough money' as making 10 lakh Rupees per month or more, as this amount can truly change one's lifestyle.

Why does the speaker think that most freelancers struggle to make money in dollars?

The speaker thinks most freelancers struggle to make money in dollars because a significant portion of them do not know how to speak English properly, which is crucial for international communication and business.

What is the role of societal conditioning in limiting the income potential of Indian freelancers according to the speaker?

Societal conditioning plays a significant role as it instills a scarcity mindset in freelancers, leading them to believe that making a certain amount of money is life-changing, when in reality it is not sufficient to achieve financial freedom.

How does living with parents affect the growth of a freelancer according to the speaker?

Living with parents can keep a freelancer in a comfort zone, which may hinder their growth and motivation to push boundaries and take risks necessary for financial success.

What is the speaker's advice for freelancers to break the cycle of limited income?

The speaker advises freelancers to improve their mindset, get out of their comfort zone, and focus on building their business rather than just running it.

Why is it challenging for Indian freelancers to make a substantial income from local clients according to the speaker?

It is challenging because the speaker believes that the rates offered by local Indian clients are not high enough to reach the life-changing income level of 10 lakh Rupees per month or more.

What is the importance of having a growth mindset for freelancers as per the speaker?

Having a growth mindset is crucial as it allows freelancers to break free from limiting beliefs and societal conditioning, enabling them to aim higher and achieve greater financial success.

What does the speaker suggest as a strategy to consistently earn a high income as a freelancer?

The speaker suggests that freelancers should always be on the offense, looking for new opportunities, and focusing on scalable business practices to ensure consistent high earnings.

How does the speaker define the difference between working to build a business and working to run a business?

Working to build a business involves making strategic decisions, improving offerings, and scaling operations, while working to run a business is more about fulfilling existing client needs and maintaining daily operations.

Outlines

00:00

💼 Challenges for Freelancers in India

The speaker begins by asserting that the majority of freelancers in India, particularly those in creative fields, struggle to earn substantial income, with only 1% potentially making 10 lakh Rupees or more per month. This figure is considered 'enough money' as it can significantly change one's lifestyle. The speaker emphasizes the importance of hard work and determination but also hints at the barriers that prevent most freelancers from achieving this level of income. The video promises to delve into the reasons behind this income disparity and offers advice on overcoming these challenges to succeed as a freelancer in India.

05:04

🗣️ English Proficiency and Societal Conditioning

The speaker identifies two key reasons why many Indian freelancers fail to earn substantial incomes. First, a significant portion of freelancers lack proficiency in English, which hinders their ability to communicate effectively with international clients and secure high-paying projects. Second, societal conditioning from middle-class backgrounds often instills a scarcity mindset, leading to limited aspirations and a belief that earning 2 lakh Rupees per month is a monumental achievement. The speaker argues that this mindset is a significant barrier to earning higher incomes, as it does not encourage the pursuit of more significant financial goals.

10:06

🏡 Comfort Zone and Entrepreneurial Growth

The final paragraph addresses the impact of living in one's comfort zone on a freelancer's ability to grow and earn more. The speaker notes that many young Indians live with their parents well into their 20s, which can stifle personal and professional growth. The lack of necessity to venture out and face challenges can lead to complacency. The speaker shares their personal decision to move out and face the world independently, which they credit for their financial success. They advise freelancers to actively seek discomfort and continuously push their boundaries to foster growth. The speaker also stresses the importance of focusing on building a business rather than just running one, suggesting that freelancers should aim to scale their operations and delegate client fulfillment to focus on strategic growth activities.

Keywords

💡Freelancers

Freelancers are individuals who offer services, such as writing, graphic design, or programming, on a project-by-project basis rather than being employed full-time by a single company. In the video, the speaker discusses the challenges faced by freelancers in India, particularly those in creative industries, and the potential for income generation. The term is central to the video's theme as it sets the context for the discussion on income and lifestyle changes.

💡Enough Money

In the context of the video, 'enough money' refers to a significant income level that can substantially change one's lifestyle. The speaker uses the term to contrast the typical earnings of freelancers with the aspirational goal of making 10 lakh Rupees per month, which is presented as a life-changing amount. This concept is pivotal to the video's message about financial aspirations and the reality of earning potential.

💡English Proficiency

English proficiency is the ability to speak, write, and understand the English language fluently. The video emphasizes the importance of English proficiency for freelancers, as it enables them to communicate effectively with international clients and potentially earn in foreign currencies, which can be exchanged for a higher value in Indian Rupees. The speaker suggests that many Indian freelancers lack this proficiency, limiting their earning potential.

💡Societal Conditioning

Societal conditioning refers to the influence of societal norms, values, and expectations on an individual's beliefs and behavior. In the video, the speaker discusses how middle-class upbringing and societal conditioning can instill a 'scarce mindset' in freelancers, leading them to view moderate earnings as sufficient and thus hindering their pursuit of higher income levels.

💡Comfort Zone

A comfort zone is a state of minimal stress and risk where an individual feels at ease and in control. The video argues that many Indian freelancers remain in their comfort zones, often living with their parents, which may limit their drive to take risks and push for higher earnings. The speaker encourages freelancers to step out of their comfort zones to achieve financial success.

💡Scarce Mindset

A scarce mindset is a belief system where an individual perceives resources, opportunities, or money as limited. The video suggests that this mindset, often a result of societal conditioning, can prevent freelancers from aiming for higher earnings. The speaker advocates for shifting to an 'abundant mindset' to believe in the possibility of making more money.

💡Dollar to INR Arbitrage

Dollar to INR Arbitrage refers to the practice of earning in US dollars and converting it to Indian Rupees to take advantage of the exchange rate difference. The video implies that freelancers who can work with international clients and earn in dollars have a better chance of making a higher income due to this arbitrage opportunity.

💡Offense Mode

In the video, 'offense mode' is used metaphorically to describe a proactive and growth-oriented approach to business and life. The speaker encourages freelancers to be on the offense, constantly seeking new opportunities, and not being complacent with their current situation. This concept is linked to the idea of continuous improvement and the pursuit of higher income.

💡Business Scalability

Business scalability refers to the ability of a business to grow and increase its revenue without a proportional increase in costs. The video emphasizes the importance of scalability for freelancers who wish to significantly increase their income. The speaker suggests that focusing on scalable activities and building a business rather than just running it is key to achieving high earnings.

💡Fulfillment

Fulfillment, in the context of the video, refers to the execution or completion of tasks or projects for clients. The speaker distinguishes between 'fulfilling' client work, which is necessary but not scalable, and 'building' a business, which involves strategic decisions and actions that can lead to growth and higher income. The video encourages freelancers to focus on the latter.

Highlights

99% of Freelancers in India will not make enough money unless they are in tech roles.

Creative freelancers have only a 1% chance of making significant income (10 lakh Rupees per month or more).

Making 10 lakh Rupees per month or more is considered life-changing and difficult to achieve for most freelancers in India.

Freelancers struggle because of their inability to communicate confidently and fluently in English.

Speaking English confidently is crucial for securing international clients and earning in dollars.

Societal conditioning in India affects freelancers’ mindsets, making them believe that earning 2 lakh Rupees per month is life-changing, which limits their ambitions.

Freelancers need to break free from the scarcity mindset embedded in Indian middle-class upbringing.

Living in a comfort zone, supported by family, makes it difficult for young freelancers to push themselves and grow.

Freelancers must leave their hometowns and comfort zones to experience personal and professional growth.

To succeed, freelancers must adopt an abundant mindset, breaking limiting beliefs and focusing on positive thinking.

Staying in a comfort zone limits growth; freelancers must regularly push themselves out of comfort to avoid stagnation.

Successful freelancers are always on the offense, planning their next move and staying proactive in growing their business.

Freelancers must focus on building their business rather than running it by hiring a team to handle client fulfillment.

The role of a successful freelancer is to lead, manage, and scale the business, rather than constantly servicing clients.

Freelancers should focus on high-level tasks like sales, marketing, improving offers, and building client relationships to scale their business.

Transcripts

video Freelancers trigger because in

this video I'm here to tell you that 99%

of Freelancers in India are never going

to make enough money except if you are

working in a tech role if you are a

coder and if you are in technical

industry you can make a lot of money but

if you're into creative industry if you

are a creative freelancer watching this

video chances of you making enough money

is just 1% now let me be very precise

and clear when I say enough

money is possible and I believe in my

heart that everybody can do it if they

just work hard enough but when I say

enough money I mean making 10 lakh

Rupees per month or more than that

because that is the amount of money that

will truly change your lifestyle

flight you will book whatever is the

fastest okay so that sort of money is

truly life-changing money and 99% of the

Freelancers will never will be able to

make that in India now before you start

cursing

me watch this video because I'm going to

tell you why I believe it to be true and

what are the three things that you

should keep in mind and work towards if

you want to break this curse and

actually want to make that sort of money

as a freelancer living in India let's

dive deep into

it so reason number one why I believe

that it is so hard for Freelancers in

India to make that sort of money is

English see I am in a field where I am

hiring Freelancers all the time I am

conversating with Freelancers all the

time and majority of the Freelancers

that I talk to at least 50% of the

Freelancers on a daily basis they do not

know how to speak in English properly

they do not know how to express and

present their thoughts precisely with

confidence or English then you will

never be able to talk with confidence

with people outside India or then you

will never be able to crack deals

outside India and if you cannot do that

you cannot make money in dollars and if

you cannot make money in dollars you

cannot leverage dollar to INR Arbitrage

and you cannot do that making 10 lakh

Rupees per month or more than that

servicing to Indian clients is Nightmare

it's almost impossible you can probably

do it if you're working with 20 clients

25 clients okay but if you are a normal

creative Freelancers doing and providing

normal freelancing Services making that

sort of money is unheard of I haven't

heard of any Indian freelancer working

with just Indian clients and making 20

lakh rupees per month okay I haven't

heard of it I don't know about you but I

believe it to be true right so the

reality is that a lot of people in India

just not know how to speak in English

properly and that's the reason number

one I believe that not a lot of

Freelancers in India can make a lot of

money reason number two is societal

conditioning yeah the problem is that

majority of Us come from a middle class

family

or when you were growing up your parents

your relatives always used to tell you

that ET etc etc I'm not saying that this

didn't happen with me this happened with

me all the time and I'm not even

complaining about my childhood I

extremely grateful for the life that my

parents have given me when I was growing

up okay but the problem is when you

listen such kind of things again and

again and again these things sit deep in

your brain okay and your brain just

believe it to be true right now whenever

I talk to aspiring Freelancers making 2

lakh rupees per month is humongous for

them okay the believe that it is

lifechanging they believe that it will

absolutely change their life and they

will live their dream life when in

reality if you zoom out and you think

about it that sort of money is just

peanuts okay that is nowhere near

life-changing money okay it might feel

like it is lifechanging at the start

when you make it for the first time in

your life but after a point of time you

will believe that nothing has changed in

your life okay so societal conditioning

is so engraved in the fabric of our

society and in our childhood that

getting out of it breaking that scarce

mindset and believing that making money

is easy is almost impossible for

majority of Freelancers in India and

because of that it is impossible for

them to make a lot of money that's

reason number two reason number three is

comfort zone see the reality is unlike

West majority of 20 years old 21 years

old and even 22 years old live with

their parents okay the bonding in India

between the parents and children is so

tight letting go of a child when they

are 18 like West is unheard of

okay the person is living his own life

and they are kind of trying to make

things work on their own there is

nothing wrong about it okay but the

point I'm trying to make is that because

of that even a 22y old in India is in a

comfort

zone

Dr

against because I believe for you to

grow as a person for you to become a man

from a child you need to go out there in

the world you need to taste what world

has to offer you need to seek some

failure you need to be lonely for a

while you need to sit down with yourself

and think about what are the ways you

will be improving your life you need to

go through that journey of hardship and

that is only possible when you live

alone for some time when you live

between Unknown People in college so a

lot of people are not going to college

they're dropping out because they

believe that being a freelancer they

will be able to make a lot of money and

they will get all the life experiences

and they will get to know about

everything and because of that a average

middle class Indian child is in Comfort

Zone

okay their shelter is sorted their food

is sorted the clothes they're wearing

wearing is sorted so there is no fire

inside their belly okay see

H but on a day-to-day micro level

borings

effortlessly then actually going out of

your comfort zone and putting in the

work is really hard okay and that is one

of the reason why I decided to move out

of my

hometown autopilot so I was like I need

to go out I need to build a life for

myself I need to be accountable and

responsible for all the things in my

life and that is the only reason why I'm

today able to make that sort of money

that I'm talking about okay but for a

lot of people it is impossible to move

out of their parents house and until

they have started making a lot of money

so that's reason number third why I

believe that a lot of Freelancers will

never be able to make that sort of money

okay now having said that let's talk

about what are the things that you can

take care of that you can work towards

if you want to break out of this curse

and if you really want to make that sort

of money it is possible it is possible

if you work hard if you work smartly if

you work on things that are scalable if

you do not pay up from from one thing to

another thing and if you do not continue

watching Pawn every night before you

sleep okay let's talk about it so the

first thing and probably the most

important one that you need to work

towards is improving your

mindset about societal conditioning it

is deep engraved in your brain it is

engraved in every middle class child

okay and if you want to break out of it

if you want to have that abundant

mindset from a scarce mindset you need

to break down your limiting beliefs you

need to change change your mental

processing

okay because they feed positive thoughts

and positive inputs in their computer

which is their mind so if you're unable

to achieve your goals if you're unable

to get out of their negative and scarce

mindset is because computer virus right

so you need to get free of that

virus right but you need to clean your

computer system you need to clean this

processor okay you need to feed yourself

positive thoughts you need to you need

to feed yourself positivity and need to

get out of their scarce mindset because

the output your brain produces is going

to be directly correlated to the input

you feed it right so you need to change

that input you need to change your

mindset number two is getting out of the

comfort zone and always be on the

off even when you're living

alone and especially if you're living in

let's say tier one City Bangalore

MB everything is going

fine and there is nothing wrong about it

I do it every time okay but at the same

time you need to keep yourself aware

comfort

zone and on one good wedness day morning

you need to wake up you need to tell

yourself

bro enough is enough okay you're getting

in the comfort zone and you need to

change your activities and change your

habits and you need to get on the off

mode

again then your growth will become

stale I believe that you are not growing

you are only dying okay so you need to

grow every day as an entrepreneur as a

freelancer if you really want to make

enough money and you want to make that

money sustainably okay I have met a lot

of people who make 10 lak rupes 15 lakh

rupees per month as a freelancer in one

month or two month maybe okay but

they're unable to make it every month

right so if you want to make it every

month you need to be on the offense mode

you need to always be on your toes okay

what's the next thing that I want to do

okay what are the next set of people

want to talk to what is the next sort of

marketing campaign that I want to run

for my freelancing business you need to

be always on the offense Mode work

towards it so the last thing that I want

you to take seriously as a freelancer

and as an entrepreneur is that you must

work to build your business you should

not work to run your

business agency owners Freelancers they

make decently good amount of money four

per month but

Liv so basically what is happening is

they are always working to fulfill their

clients if you a freelancer your goal

should be to never fulfill your clients

okay your team should do that you should

be able to hire good people you should

be able to hire talented people who will

be doing it for you your job as a

freelancer as a service business owner

as an entrepreneur is to take decisions

that will take your business one step

forward every day and work on things

like sales closing traffic making your

offer better taking testimonials

building relationship with your clients

actually providing experience to your

customers if you really want to scale

your

business normal

fulfillment and that is the only thing

that you're able to do on a daily basis

then your growth as an entrepreneur then

you being able to grow your business is

impossible and if you cannot grow your

business you cannot scale your business

you will never be able to make enough

money which is like 10 lakh Rupees per

month 20 lakh rupees per month as a

freelancer right so work on better

things okay work on your leadership

qualities work on building a good

culture work on hiring better people and

let other creative people take care of

fulfillment always focus on working to

build your business do not focus and do

not keep yourself busy in running your

business there is a big difference okay

guys so I

hope but it's fine I'm here to give you

reality checks I'm here to give you the

reality of how online business is

supposed to work so you actually become

cautious and you become the top 1 person

freelancer in this online ecosystem I

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