Freelancing is one of the most effective ways to make money online. It allows you to create short- and long-term wealth by authoring quality content, building better creatives, and assisting others in need.
A huge number of freelancers around the globe are earning a lot of money, and they aren’t having to seek out contractors, gigs, and jobs all on their own.
Today, there are numerous ways to get in touch with people who are looking for specific services. You can position yourself to be a single search away from a cash payment.
Freelancing may not seem like a sustainable, full-time income, but it can surely become one if you have the time and expertise to back your offers.
What Is Freelancing?
Freelancers perform work as self-employed individuals, and the people who hire them are clients.
Freelancers are different than employees because they are not eligible for benefits, they pay their own employment taxes, and they have much more time freedom and control over when, where, how, and with whom they work.
According to a survey from FlexJobs, freelancers enjoy work on average more than their non-freelance counterparts, which explains why more people are freelancing than ever before. Nearly 35%, or 55 million people, engage in freelance to some extent.
Many people may call this outsourcing, which is a fairly accurate term for it, but outsourcing has earned a negative connotation similar to “sell out” and normally means hiring out of local areas to cut costs and regulations. Hiring freelancers is a great way to move your business forward without needing to hire full-time employees.
Why Is Freelancing So Popular?
The Internet has provided so many different ways to earn money and many didn’t exist years ago. Bloggers, creators, and influencers spend the majority of their time perfecting their craft as well as their presentation, and all of this practice builds some really business-worthy skills.
Freelancing is simply trading your time for money. Therefore, if you have extra time, you could potentially have extra money.
The knowledge you hold, the certifications you have, and your years of expertise behind a certain niche or topic can skyrocket your profits. Plus, if you’re a decent marketer, new freelance opportunities will come knocking at your door often.
Is Freelancing Really Worth Your Time?
For some reason, freelancing comes with the stigma that it’s extremely difficult to earn real money.
Traditionally, this would be true. Designers, writers, and aspiring creators didn’t make that much money before the Internet came along – and many of the jobs came through word-of-mouth or “I know a guy” statements.
Today, there are a lot more opportunities to get paid because there are billions of people connected via the world-wide web.
One of the good things about freelance writing is that you can make money pretty quickly from it, while blogging, tweeting, and ebook writing can take several months to start earning chump change after monetization. The downside is freelance writing can’t really be scaled – unless you’ve got a clone. Neither is the “right” choice, but it’s good to be aware of the long-term effects of how you build your business.
Freelancing is a lifestyle that rewards users with the pay of a 9 to 5 job with the flexibility of a part-time job (or even less if you’re the best at what you do). Many freelancers are actually putting themselves in strong positions to earn more than bankers or lawyers. A one-off website creation service can go for anywhere from $500 to $500,000+, and half the time, the people charging $500,000 are delivering the same results as the $500 sites.
Yes, the payouts sound amazing but being a good freelancer isn’t easy as you’d think. You will have to keep a schedule, hit deadlines, and learn to resist entertainment and fun when you have obligations to a client. Maintaining high energy levels and channeling that energy into the right places is tough.
Don’t be surprised if negative feelings and dissatisfaction creep their way into your thoughts and actions.
Why Do People Hire Freelancers?
The beauty in freelancing is availability. You can connect with the top freelancers in the world regardless of the distance between the hire-r and the hire-ee.
Companies frequently rely on freelancers to save money, and the best part is that they can access an international talent pool that has different tastes, artistic styles, and demands ($$$). The real challenge lies in the hands of businesses that have to hand-pick and vet the freelancers they choose.
Hiring freelancers is not only more acceptable, but more attractive for short-term assignments. After a lump payment, the business is able to achieve the results they were looking for without keeping someone on salary with benefits and extra tax papers to file at the end of the year.
Depending on your expertise, freelance work may be a great option to make a little money on the side or take your from peanuts to La Madeline au Truffle.
Freelancing is a great way to get started with your online business journey. It guarantees that the time you spend writing, creating, or editing will have a payout. It’s often the first step smart entrepreneurs take when expanding their business.
Many of the skills other people seek can point freelancers in the right direction towards starting their own online agencies, businesses, and brands.