How to become 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

For more information please visit www.careerlancer.net