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20 Pros and Cons of Freelancing

Alex is a former lawyer and lifelong lover of off-the-beaten-track travel. He is the founder of Just Go Exploring, a blog that aims to make adventurous travel accessible to all. As well as blogging, Alex works as a freelance travel writer, personal trip planner and travel consultant. He has a Law Degree from Oxford University and is a full-time digital nomad.

• To combat this issue, you have to build a sustainable strategy.
• So, if a company is looking for an expert graphic designer, especially for a 6-month period of time, their goal will be to hire a freelancer.
• Performers and film teams, for instance, have a lot of work scheduled up in the summer and practically none in the winter.
• If you’re considering freelancing, remember that your schedule may go from zero to sixty at any time.
• Five advantages freelancers enjoy that people who work regular 9-to-5 jobs don’t have.

Considering your industry background and range can help you then research what sort of freelance demand is out there for what you could supply at this point in your career. There’s uncertainty about if/when you’ll get your next client and get paid. This is very different from a traditional job where what is freelancing you go in every day knowing when your paycheck is coming. Another downside to freelancing is that you’re responsible for some business management aspects that full-time employees in a company never have to worry about. As a full-time employee, you’re limited in how high your salary can go.

There is no dependency on one income stream

Often, these offices are populated by freelancers, small business owners, and a collection of remote workers. According to a 2020 Statista survey, 71% of U.S. freelancers say that their leading reason for doing freelance work is to have more flexibility in their schedules. When you have the power to decide on the types of projects you want to work on, you also have the power to envision https://deveducation.com/ and enact the type of schedule you want to work around those projects. Only take calls in the morning to make space for heads-down work in the afternoons? But, ultimately, freelancing empowers you to create the schedule—and lifestyle—that you want for yourself. When starting out as a freelancer, it is important to consider what services you will be offering to clients.

That’s why bookkeepers, accountants, financial advisers and business consultants can all thrive doing freelance work. Rather than work in-house or at an agency, you could set up as a freelance social media executive, marketing consultant or PR manager. If you have agreed a payment date, typically you could start claiming interest after 60 days for business transactions, or 30 days for public authorities. If hustling for every job doesn’t suit your personality, then you may want to rethink a career as a freelancer. While you have the flexibility to work how and when you want as a freelancer, you also have the burden of sourcing that work yourself.

Fiverr vs. Upwork for Freelancers

Taking a freelance writing course can help to give you an edge over your competitors. Think of it as an investment in your future success as a freelance writer. I thoroughly enjoyed taking the Knowadays freelance writing course. The materials are all presented in an accessible, easy-to-follow format, and they manage to cram a lot of useful information in without being inaccessible or overwhelming.

Freelance jobs offer independence that many career professionals long for. Not only would you be free of traditional offices and schedules, but you also can work alone, and for the most part, where you are most comfortable doing so. Taking the Becoming a Freelance Writer course with Knowadays will help to ensure that you have the knowledge, skills, and strategies to succeed in your freelance writing career. If you’re looking for more established and reliable freelancers for a long-term project, Upwork is the best choice for you. Here, the groups of professionals can also be found looking for long-term projects or even remote positions.

Discover the power of personalized video marketing and learn how to engage your audience like never before. It can feel like a constant job search, what with networking to make connections, applying for opportunities that could pan out, and being rejected. If you feel that your client is being too demanding, you have to carefully deal with the situation so as to not lose trust.

You also have to deal with the added pressure of constantly marketing themselves and seeking new clients and projects to keep your businesses afloat. It is crucial to carefully evaluate these risks and downsides before embarking on a career in freelancing, as they can significantly impact a person’s well-being and financial stability. Assessing your financial situation is crucial in determining whether freelancing is a viable career option for you.

This will attract your client faster, and you can charge them more. The offices are crowded and full of distractions in the form of colleagues etc. In freelancing, you may find that working by yourself is not much fun.