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The freelance economy is growing at a rapid pace. In fact, the number of freelancers has almost tripled since the end of the Great Recession. If you’re thinking about joining this growing population of workers, you’ll want to know what the advantages are so you can determine if it’s right for you. Working as a freelancer offers plenty of advantages that an office job might not provide. Freelancing gives you more control over your schedule, your income and how many hours you work each week. You also get to choose which projects to take on and which ones to turn down. However, before diving into a freelance career full-time, it helps to know what the pros and cons might be first.
Freelance work offers the most flexibility of any type of work. You can work when you want, where you want and how much you want. This can be especially beneficial if you have a family, or if you have other obligations that need to be met during certain hours of the day. This can also be a plus if you have an unusual schedule. For example, if you work graveyard shifts as a doctor or work at a factory that only operates at specific times during the week, you may have a hard time finding an office job that fits in with your schedule.
It’s hard to predict how much you’ll make as a freelancer. The amount you bring in each month will vary depending on which projects you take on. Some freelancers can make much more than others because of their skill set and the types of projects they choose. If you’re hoping to make a lot of money as a freelancer, look for work that requires a high amount of skill. This will make up for the fact that you are not working for one specific employer. That’s not to say that you can’t make a decent amount of money as a freelancer, though. Even if you’re just starting out, you can still make a good amount of money while trying to build your business.
Freelancers have the ability to network with others in their field. If you’re working in an office setting, you may not get much of an opportunity to network with others in your industry. But as a freelancer, you have the opportunity to work with all sorts of people. This can put you in a better position to find future clients, as they may come from a variety of sources.
Freelancing also gives you the freedom to build a reputation in your industry. If you take on several projects and do a great job with them, you can use that as a way to build your reputation and get more work in the future. Working for one specific company and doing a great job for them won’t do the same thing for you. Your reputation will be limited to the number of people who work for that company and who interact with that company. But being a freelancer gives you the freedom to work for a few different clients and show off what you can do.
Downsides of Freelancing
Freelancing isn’t all sunshine and rainbows, though. Working as a freelancer can be hard on your wallet at times. Some freelancers have to take on multiple projects at once just to make enough money to get by. This can cause you to work more hours than you really want to, which can put you at risk for burnout. If you have a lot of projects going on at once, you may also not have as much time as you’d like to focus on quality work. Having multiple clients can also cause you to have to put things on the back burner. And finally, you may find that clients don’t always keep their end of the deal. They may not pay you on time, or they may not pay you the amount you were expecting.
Freelancing has a lot of advantages over working in an office setting. You get to decide how many hours you want to work each week and how much money you want to make. You also get to choose which projects you take on, giving you more control over your career. The downside to all of this is that you don’t have a consistent source of income. You also don’t get any benefits, such as sick leave or health insurance. To be successful as a freelancer, you have to be good at managing your time and making sure you get paid for the work you’ve done.