Freelancing Benefits

This article highlights the freelancing benefits. As you know, the world of work has changed rapidly; freelancing has become a great choice and opportunity for many of us. Truly, it can be an extra stream of income for you.

If you are considering freelance as a career, then this article will help you to know the advantages of freelancing.

It is a good opportunity for people who have some expertise in any particular field to provide quality services and earn money.

The freelancing market is growing and the number of people choosing freelancing as a career is increasing day-by-day.

Freelancing is on the rise around the world, particularly in the U.S, and Europe.

 

Some Facts and Figures about Freelancing

Upwork Freelance Forward 2020 reveals;

Upwork report on freelancing revealed some important facts about freelance and I think they are important to know while considering freelancing.

This report particularly shows the facts and figures of the American freelancing market.

The United States of America is a leading country and top of the list among the top ten countries for freelancers.

• In the U.S, in 2014 the total numbers of freelancers were 53 million and it was 34% of the total workforce.
• In 2020, the number of freelancers increased from 53 million to 59 million. And it is now 36% of the total workforce.
• An increase of 22% in freelancers’ earnings that now counts around $1.2 trillion.
• People who worked remotely in the pandemic, now 58% are considering freelancing.
• Freelancing is not bound to a particular age bracket. People from age 18 to 55 plus are choosing to freelance.
• The important thing is that about 86% of freelancers are optimistic about the future of freelancing.

You can see the facts and figure about freelancing, and that is a clear indication of the importance of freelancing.

To make a transition from a traditional job and environment freelancing can be the best choice for you.

 

Also read: Freelancing Skills

 

Benefits of Freelancing

Why freelancing is good? There is a lot of discussions about the pros and cons of freelancing.

In spite of the fact that there are cons of freelancing, but still too many people is pursuing freelancing as a career or profession.

 This section highlights the advantages of freelancing. They include:

1. Freedom
2. Flexibility
3. Control over Workload
4. Avoiding Office Politics
5. Limitless Income
6. Work-Life Balance
7. Follow Your Passion
8. Exposure
9. Job Security

Also read: 5 Best Ways to Make Money Online

 

1. Freedom

Freedom is the most important advantage of freelancing. You can have the freedom to choose your clients.

You are the sole decision-maker which people or clients to work with. You have complete control over everything.

In traditional work or job environment, you need delegated authority or power from the upper level or supervisors to make a decision, but this is not the case when you work as a freelancer.

To make a decision about location, schedule, and prices you don’t need the approval of anyone.

You have the freedom to choose the projects on which you wish to work. You can reject undesirable projects or clients.

The most important part of freelancing is that you are not responsible to anyone else except you. But, just you have to ensure quality services to your clients.

 

2. Flexibility

Flexibility is another important benefit of freelancing. As a freelancer, you can enjoy flexible work to complete clients’ projects.

In a traditional work environment, you have to follow rigid and strict office rules and regulations, but as a freelancer, there is no need to follow such rules and regulations.

You can choose your own pace of work. Unlikely, 9 to 5 job freelancing provides you flexibility.

Freelancing gives you an opportunity to make your own work schedule. You can choose your working hours and the time that suits you the best.

When you have a flexible working schedule, it can lead you to a different lifestyle. And also can give you a sense of fulfilment.

 

3. Control over Workload

In a traditional workplace workload is one of the work-related stressors. Many people complain about too much work and most of the time they are unable to control the workload.

As a freelancer, you have complete control over your workload. Take the projects you think of, you can complete them without any stress or workload.

You are not under any obligation to accept unnecessary projects that can cause stress or frustration.

As a freelancer, you have options and the freedom to choose your workload. Control over workload gives you the possibility to produce quality work because you can work without any distraction.

Workload that matches your potentials makes you focus and helps you to concentrate on your work or project.

 

4. Avoiding Office Politics

More or less in every organisation office politics exist. I think it is unavoidable. If you don’t become a part of office politics but still it can affect you in one way or another.

According to Perkbox survey (UK), office politics is the number 1 reason for work-related stress. Almost, 37% of people complained about office politics.

Being a freelancer you can avoid toxic work-related politics by working from home.

In the office you can’t choose your colleagues but you have to work with you like them or not. And that could be a possible reason for office politics.

But, as a freelancer, you completely avoid a toxic office environment and politics.

You can easily change your clients. You can politely reject your clients that don’t fall in your criteria.

 

5. Limitless Income

Freelancing is a business and every one of us wants to make money as a freelancer. And in reality, it is a huge source of income for many people.

Around the world, freelancing is getting popular, and still, people are joining freelance markets.

Being a freelancer, you have the opportunity to earn limitless money by providing services.

You can work on multiple projects and the important thing is that just to deliver them on time.

Choosing limitless projects can lead you to a limitless income. As a freelancer, you don’t have any limit for choosing clients.

There is no obligation on you, for choosing every project. You can pick the projects or clients which are desirable or profitable for you.  The more freedom you have the more possibility to make money.

The important thing about freelancing is that it doesn’t put a cap on your income. Freelancing has the potential for unlimited earnings.

 

6. Work-Life Balance

Work-life balance can be a dream for many people. People with  work-life balance enjoy life in real terms.

In fact, having this balance can be challenging while doing a traditional job or work.

Most of the people spend a lot of time working and always unable to find time for their selves and family. And that causes stress and anxiety.

It is always being difficult to keep a work-life balance in a traditional job because you have to work long hours.

If you want work-life balance, then freelancing will be a great choice for you.

As a freelancer, you have control over your working hours, schedule, and work.

To complete your projects you can work 2 hours or 20 hours that is your choice. And it gives you the freedom to spare some time for your personal life.

You don’t have to work for fixed hours every day. It completely depends on you that how many hours to work.

Freelancing gives you the possibility to have work and life balance and enjoy life as you desire.

 

7. Follow Your Passion

In past, if you didn’t have an opportunity to follow your passion, then freelancing is the best way to work whatever you like the most.

If your profession and passion are different, there are very few chances to succeed.

People, who follow their passion, excel rapidly in life. Many of us just work for financial needs, without the following passion therefore ending up stressed and frustrated.

As a freelancer, you can have an opportunity to follow your passion. For example, if you are a web designer then you can get projects for web designing, earning money as well as fulfilling your desires.

It helps you to share your thoughts and ideas with clients on a national and international level. And that makes you more passionate about your work.

So, choosing freelancing as a profession can help you to follow your passion and earn money.

 

8. Exposure

Freelancing can give you a great exposure. Freelance markets are not confined to the local or national level.

They attract clients and service providers from the whole world. They are international platforms.

You are not geographically confined to local or national clients, but you can have access to international clients.

While dealing with international clients can give you new exposure and experience.

On daily basis, you can expose yourself to new clients and situations as a freelancer.

Exposure is an effective way to learn new experiences and skills.

 

9. Job Security

Your work or job security is one of the advantages of freelancing. Job security is important for a successful career.

In a traditional job, there is always a fear of redundancy or layoff exists and that is a stressful situation for many people.

In organisations, employees are more vulnerable to redundancies or layoffs in times of recession or financial difficulties.

A major benefit of freelancing is job security. You are, as a freelancer self-employed nobody can make you redundant.

In freelancing, you just have to maintain the quality of work you produce.

You will be vulnerable if you compromise on your work.

 

Final Thoughts

The growth and benefits of freelancing can’t be denied. But, it comes with some challenges that can be faced by you.

Competition is a major challenge in the freelance market. If you want to beat the competition, then you must be skilled and expert in a particular field.

To become a successful freelancer, you must have effective communication and time-management skills.

Freelancing or the gig economy is on the rise and I think it is the right time for you to start the journey of freelancing.

 

Frequently Asked Questions (FAQs)

Is being a freelancer a good thing?

Freelancing has both pros and cons. But, in my opinion, freelancing is a good thing.

 

What are the advantages and disadvantages of freelancing?

For advantages, you can refer to the above-mentioned points. The disadvantages of freelancing are inconsistent work or income, isolation, no rewards or benefits from the company or organisation, tax issues, etc.

 

Do freelancers work for free?

Yes, there is a possibility that freelancers work for free. But, still, it can benefit in the form of experience, or recognition.

 

 

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