How to be a Freelance Business Analyst

Business Analysts mostly analyse the business parameters of organisations. As a Business analyst, you will hold an important say in the effectiveness of business initiatives. Credit may be the only elasticity commerce offers, but business jobs are often rigid when it comes to the work style, pun not intended. The issue here is how to turn freelance fulltime and make similar kind of money that you make at office.
To say that there is a dearth of money in a financial analyst’s life would constitute a contradiction. However, the important thing to note is that by money, we mean money in the bank. Some of you work for recognised organisations and sometimes take up other projects by the side. Some others like you freelance fulltime and still manage to make enough money than your corporate counterparts. The latter group’s numbers continue to rise, as the opportunities and attractive pay scales, offer a more viable and lucrative option to office work. Business analysis is one of the top paying freelance jobs in the market today.

Job Duties for Freelance Business Analyst

As a Freelance business analyst, you will analyse products, services and create reports on competitors. Business analysts collate and regulate data. They analyse the organisations growth and offer insights into how to better business. In fact, you would be required to perform many roles as a business analyst, and though most of them would be interesting; there are obvious run-of-the-mill tasks that you would need to fill in for, tasks that may not have you jumping out of your seat.
To elucidate, a business analyst should be able to:

• Assist with the business case.
• Plan execute and monitor strategies
• Elicit requirements and increase awareness
• Organise requirements
• Understand and succinctly present requirements.
• Manage requirements and communication.
• Requirements analysis
• Review test cases, process change requests, and manage a project’s scope, acceptance, installation, and deployment.

 Skills:

There are certain skills that you must develop and hone to be successful in the field. Let’s have a look at some of these skills.

• Communication skills
• Problem solving skills
• Critical thinking skills
• Documentation and Specification skills
• Visual Modelling skills
• Facilitation and Elicitation skills
• Technical skills
• Relationship building skills
• Self-management skills

You can learn new skills and sharpen existing ones, through many resources like BAexperts, Analyst Coach, Watermark Learning and Universal Class.

How to be successful as a Freelance business analyst:

A business analyst must be well versed and well qualified to be successful. In the world of freelance work, you need some additional skills to ensure success, as it will be your work and the recognition you have which may well determine your success and failure. Thus, it is important to take certain steps, as:

• Be sociable
• Build up recommendations
• Advertise your services on social media platforms
• Network with people, leverage your network to find work
• Be able to develop a good working relationship with employers
• Be good at what you do
• Have good interpersonal skills
• Being an algorithmic, analytical thinker

Average Remunerations:

How much money can you earn as a financial analyst who freelances fulltime. Financial analysis is a well-paid and respected job option. It is also a decent freelance option and is possibly one of the top paying freelance jobs.
Usually freelance portals offer two generic kinds of payment models to freelancers. Fixed-price, where the price is usually pre-determined and a budget is sanctioned which you can bid for, and the hourly payment model where the employer decides on an hourly pay. Usually a fixed price model may range from $50-1000 upwards, while you have to pitch for hourly projects, which usually range from $15-40 an hour, with average payments at $30 per hour.

Finding Work:

Finding work as a freelance business analyst is possibly unheard of and scoffed at by conservatives. However, the new-age BA must be able to leverage his network to get the best possible option. There are many portals where you can look for work and it is a reasonably well paid job with thousands of opportunities for prospective analysts like you.
Peopleperhour, Odesk, Elance, and Freelancer offer many job opportunities for freelance BAs, both locally and internationally.

Resources:

There are many online resources available. You can opt for online training videos, open courses from universities and certification courses, through many resources like BAexperts, Analyst Coach, Watermark Learning and Universal Class.