One in every 3 persons is a freelancer. The growth of freelancing is not a surprise. From 3.7 million in 2014, the number goes up to 56.7 million in 2018. Specifically, this comprises approximately 36% of the country’s workforce. Irrefutably, more and more Americans have found the right career in freelancing. What makes it more amazing is the fact that it offered an enticing opportunity for younger generations to earn a living?
Furthermore, we live in a new era where independent and project-focused workplace takes on the spotlight. Long gone are the days of having brick-and-mortar jobs as the only work option to grab. Freelancing has dazzlingly changed the world of work.
Yet, the decision to work as a freelancer is a personal choice. Freelancing isn’t for everybody. To help you decide on which path to take, have a glance at the pros and cons of working as a freelancer.
The Pros of Freelancing
Thus, the opportunities in freelancing are out of control. For freelancers, being able to work on different projects enables them to improve their gift as a worker. Working in an exciting and less outmoded work environment is far-fetched. Unlike working in one company in-house, freelancing provides experiences in various career areas. No doubt, modern-day workers find it as the best way to broaden their horizons.
Freedom to Choose Clients
Freelancers can choose projects to work on and clients to work with. Also, they have the option to work with as many clients as they want, all at the same time. They have the final say on how much they can earn each month.
Freelancers have the rule over their workload. Moreover, they can work as little or as much as they desire. They can select projects that are meaningful to them. These people can work on tasks that fascinate them. They need not worry about meetings and other full-time job distractions. Freelancing gives them full control over their workload and timetable.
Freelancing is not designed for introverts alone. Though introverts find it very comfortable, freelancing does not limit its opportunities to this type of personality. If you think that you can work on a project alone, you have what it takes to be a freelancer.
Outworkers take pride in taking hold of the best thing that a regular office worker doesn?t have. That, my friend, is flexibility. It is everybody?s dream, I must say. In freelancing, the decision is in the freelancers? hands. The latter decide as to how much time they are willing to work in a day. They can enjoy summer by working part-time and make good cash throughout the year by getting a full-time job for the rest of the year.
Cons of Freelancing
Lack of Benefits
As compared to regular employees, freelancers do not enjoy benefits. Though some clients provide few benefits to its freelancers, it comes once in a blue moon. Freelancers are responsible for their own health insurance simply because they are self-employed individuals.
Freelancing is like running your own company. Freelancers have the sole responsibility of getting clients, collecting payments, paying taxes, and managing a good relationship with their customers. They make intelligent decisions every now and then. They acquaint themselves with the ?ins and outs? of the market like that in payment tracking software and programs to install.
Freelancers, to be successful, must be ready to manage all these tasks spotlessly. The very moment they start a freelance career, they must run it like a business. Freelancers are the masters of their brand.
For a few people, being able to work alone is more of a blessing than a difficulty. On the other hand, isolation is the most common challenge among many freelancers. For highly sociable individuals, being ultimately isolated from a team takes their social life little by little. So it is a good idea to have someone nearby to work with you as a freelancer.
There is no such thing as a steady work in freelancing. Projects come and go. The moment that freelancers complete the task or the project, they are up for job hunting once more. Here?s another secret. Finding a project is challenging. But then, job services like FlexJobs and Upwork have helped many freelancers find their next gig a lot easier.
Now, the bottom line?
Understanding the pros and cons of freelancing is one big leap towards a successful career in outworking. Thus, a great amount of commitment, exceptional time management skills, and the ability to manage a small business are the things you need to thrive in this industry. If you think that you have all these things, consider yourself lucky because you are up for a big challenge. Give freelancing a shot.