5 Brilliant Benefits of Freelance Life

Going freelance is something you may have thought about from time to time. But in 2021, a growing number of workers became freelancers, according to Upwork research. If you’re not sure whether the freelance lifestyle is right for you, here are some potential benefits you should know about.

  • Be mindful, it isn’t all roses and wine, freelance work can have periods of highs and lows.
  • For example, new law school grads in large law firms often perform monotonous tasks such as document review, while a freelance attorney may gain more challenging assignments such as court appearances.
  • This offers your company a worldwide reach when choosing talent for tasks.
  • Your efforts may be rewarded through the present income you generate.
  • A lot of jobs offer employees variety; however, working a freelance job opens up the ability to work on a variety of projects and topics.

Even if you work from a remote office away from home, you can choose a location that is convenient and close to home. The closest I came to chasing after a client was when a client had not paid by the payment date and their accounting staff took ages to answer me. For example, a client who has agreed to your net-15 payment term may say their accounting team has been out of office and you have to wait another week.

FlexJobs Is SO Much More Than Just a Job Board

Now that you know the pros and cons of freelancing, be sure to gain an understanding of how to succeed as a freelancer. You should have a great deal of commitment, excellent time-management skills, and the ability to manage a small and personal business.

  • Not to mention, there are now added expenses to your life that didn’t exist before.
  • And that could include getting to do your job from the comfort of home.
  • Moreover, as a freelancer, one is required to build their own work portfolio to establish their credibility.
  • Because they work from home, freelancers often have a better work-life balance.
  • Professionals all around the world are wondering about the pros and cons of freelance or contractor work, in various types of capacities.
  • Plus, if you enjoy traveling, you may be able to work from the road since your clients can’t dictate where you work from .
  • Future employees must either already live in your immediate region or be willing to relocate on short notice.

You get to focus on the work you love without the distractions of a full-time job like meetings, office politics, office distractions, etc. Check out the pros and cons of freelance jobs to help guide your decision. When you rely on traditional employees, you’re “on the hook” for a lot more. With the expansion of technology and platforms such as UpWork, your earning potential and client reach is vast. I started a publishing company for freelance writing and was able to gain clients not only from around the country but around the world. In freelancing, you are officially your own company, and you make the rules. The days are gone where you report into someone else or work for clients you don’t vibe with on a schedule that doesn’t fit your needs.

Business News

My sister is really good at graphic design and illustration and she is thinking of doing freelance work but doesn’t know much about it, so I am glad that I found this article. It is interesting that you say you can choose the jobs and clients that you want to work with. This will be great for my sister because she can choose to only take jobs that interest her! Also, I think that my sister will enjoy being the boss and having control over all of her projects.

Often, they can be seen complaining about having little time and no freedom to choose the way they want to lead their lives. If you’re someone who’s feeling that way, freelancing as a career path is something that you may think about.

The Benefits of Freelancing

For the most part, you won’t be able to depend on any regular project, client, or profit, whereas you would know the exact pay you’ll receive at a traditional job. Because freelancing is so specialized, women get to focus on the parts of their full-time jobs they loved. This is a win-win for women and companies because company gets to partner with an expert. Often, specializing in a particular skillset also allows women to earn more income per hour than if they are a full-time employee. Upwork reports that 67% of freelancers say their jobs give them the option to tend to their own needs, whether related to physical health or mental health. Granted, one drawback of being a freelancer is having to secure health insurance without an employer subsidy. But from a scheduling perspective, going freelance could make medical care easier to come by.

How many hours do freelancers work?

Our results show that even in 2019, 57% of all participating freelancers admitted to working over 40 hours per week – down by about 10% compared to 2017. Freelancers are working fewer hours and the average working week lowered down to 43 hours/week.

Not to mention, there are now added expenses to your life that didn’t exist before. Being self-employed, you need to fully support the cost of health and dental insurance, business taxes and contributions to 401 and retirement. This can all add up and needs to be calculated into your hourly or flat rate fees.

Start your journey to becoming a proofreader!

Freelancers are a growing part of the global workforce. Yes, all you need to work as a freelance proofreader is a laptop and an internet connection.

benefits of freelancing

She helps ambitious millennials and Generation Z get our of the mounds of debt they are in following college. In 2015 she realized she couldn’t afford to do her own laundry, she was so broke. Over the next three years she personally tackled $50,000 in debt and became debt free. It can also be scary to think about what you would do if you were unable to work for an extended period of time.

Tax Benefits

It comes with immense freedom to work anytime, from anywhere in the world as long as the job is well done and on time. Dipesh opines, “For a freelancer, the most important thing is to deliver quality work and he gets to choose his location of work and has the flexibility of timing.” In today’s shrinking legal job market, job loss is not uncommon. However, since most freelancers work for multiple clients, losing one client does not mean unemployment.

You aren’t burdened with worrying over FICA tax withholding and other chores when you enlist the services of a freelancer. Does the idea of heading to a spin class at noon and then logging back online afterward get you excited? Or does traveling while still making money align with your lifestyle?

Leave a Reply

Your email address will not be published. Required fields are marked *