If you have got a job in a well-established company where you get opportunities for growth, then perhaps you won’t face the hassle of “uncertainty” as jobless do.
However, for individuals who are talented, skillful, and passionate but somehow reached to a company where their future is insecure, uncertain, and doubtful, then that’s a big problem. In fact, their situation is worse than an unemployed individual.
If you are facing such hassle, then what should you do? Obviously business should be the first priority. But starting a business isn’t a piece of cake. You need expertise, capital, resources and many other things.
… luckily there is another best option available. And that is self-employment or freelancing.
Definition of Freelancing
Merriam-Webster’s defines freelancing as:
“A person who pursues a profession without a long-term commitment to any one employer.” And that period ranges from 6 months to 1 year.
However, the duration can be extended or client can offer you new projects. If you are dedicated and committed to delivering high-quality work, then the client is going to work with you for many years.
That’s a valid question. There are lots of ways to earn money online and offline but why should you emphasize on freelancing? The reason lies in statistics.
Upwork, a largest freelance marketplace, and the Freelance Union jointly conducted a survey in 20016. According to that survey “the Freelance Business Economy Grew to 55 Million Americans in 2016 that makes 35% of Total U.S. Workforce.”
And in February 2017, Upwork released a press release “Future Workforce: How Companies Embrace Flexible Teams to Get Work Done. It was stated that “nearly half of companies are thinking beyond traditional employment to embrace more flexible teams.” That means companies will prefer freelancer over permanent employees. But why they will do this? The reason is simple: To minimize the operational costs. They can get the high-quality work at reasonable rates.
This trend is not limited to the US and developed countries. Many developing countries are going to follow this trend in the future.
Now, what are the advantages of being a freelancer?
#1 Work from home
If companies can save their operational costs, then you can do that as well. As a freelancer, you have the luxury to work from home. You don’t need to wake up early in the morning and get ready for office. In fact, depending on workload, you can plan your working schedule.
It doesn’t matter whether you work at day or night, your client just needs work on time.
#2 Set your own price
A couple of engineers were working to figure out the fault in a passenger plane. After countless effort, they decided to call an experienced technical engineer to assist them.
The expert came and hardly spent 5 minutes to correct the fault and handed them the invoice of $500. The management was shocked.
They said, “You only spend 5 minutes and asking for $500? Why?” He simply said, “I have charged you for my experience, not for the number of minutes.”
The same rule applies in the freelancing. If you are skillful and dedicated to delivering high-quality work, then you can ask for any price.
Remember: Make sure you know your worth. If you charge higher and couldn’t deliver quality work, you will not just lose a potential client but hurt your business too.
#3 You are your own boss
Naturally, we want to be our own boss. We want to control our emotions, work ethics, behaviors, attitudes, friends, etc. But on the job, you won’t find this luxury. You have to work with your boss and follow his instructions.
But freelancing provides you the luxury to be your own boss. You set your working time and take orders on will.
#4 Travel and work
In student life, you have the time but no money. In professional life, you have money but no time.
…in freelancing, you have both.
Imagine you have planned a vacation to a hill station but you couldn’t get a leave from your office. How would your family will feel? Probably you would have to cancel the plan.
… as a freelancer, you can travel and work at the same time. For this, all you need is your laptop, a USB internet connection, and a handsfree (for client communication).
Importantly, your client will not have any issue with your traveling. His focus is to get the work at decided time.
#5 Endless growth opportunity
In traditional business, you can either target local market or international. You have limitation.
… as a freelancer, the sky is the limit. You can increase your client base. And to manage workload, you can hire people as well. So in short, if you lack capital or investment to start a business, then freelancing is the perfect solution for it.
Freelancing is future. As statistic suggests, in coming years companies will prefer freelancers over full-time employment. So if you are jobless or looking to increase your income then stop worrying and start freelancing. You will be amazed to see the results.