Have you ever imagined working in the comfort of your home and earning a decent amount of money? Is that even possible? Well, it is, and it’s all because of the gig economy that affects freelancing.
The gig economy is a global workforce environment where skilled individuals work on temporary contracts and short-term engagements as independent contractors. The industry keeps on growing, witnessing an increasing number of people in the US and around the world who engage themselves in this kind of setup. Some consider it as a side hustle, while others do it full-time. No matter how much time you put into it, you’ll get categorized as a freelancer who earns money by selling your services to others.
Below are the benefits of freelancing your skills and making money.
The biggest benefit of freelancing: Professional independence
The primary benefit that attracts people to try freelancing is independence. Unlike regular employees, they have the freedom in terms of what and who to work with as a freelancer. It all boils down to your personal preferences. If you think that you wouldn’t be happy working with a particular project or client, you’ll have all the power to skip them.
Please take note, though, that if you’re still trying to build your freelance business, it’s you who will try to chase clients. However, as your reputation grows, and as you master your skills to deliver better results, you gain much higher levels of independence.
As a newbie, you can search for a reliable freelancing guide and learn all the things that you need to know before throwing yourself out there on the battlefield.
Become An Independent Contractor
As mentioned above, you get professional independence when you work as a freelancer, something that most 9-5 employees don’t enjoy. One of the freedoms you have is control over how work gets completed. While it’s true that most clients would still be the ones to set specifications on how they want the final product to look like, you can always say no and move on to another gig where you feel more comfortable moving forward.
Being an independent contractor means that you’re the boss, and no one can reprimand you based on your decisions. No one can fire you. You can work on any project you like and skip those that make you uncomfortable.
Of course, you’ll be the one to produce invoices so you could get paid for every work you’ve done. It’s one of the challenging responsibilities of being a freelancer. However, you can always streamline the process by downloading ready-made invoice templates from websites like Wave and FreshBooks.
You Own Your Time
Aside from having the freedom to work anywhere, you can also have control over your time when freelancing your skills. Most freelancers work on a deadline, which means that you’ll have a flexible schedule as long as you can submit the final product on time.
Enough with the nine to five working hours unless you’re comfortable with it. You can work on tasks during times when you feel most productive.
Freelancing your skills means working anywhere you like. A flexible location is synonymous with the gig economy since you’re an entrepreneur, not an employee. You can either work in your room, your home office, or go outside and hustle in your favorite coffee shop.
If you want the feel of working with other people, you can also visit coworking spaces. Essentially, the most exciting benefit of being a freelancer is the ability to travel while still making money.
You Can Earn More Than Your Full-Time Corporate Job
As already mentioned above, some people freelance their skills as a side hustle while maintaining a full time nine to five job. There’s nothing wrong about it, and you can also do it if you want to.
However, it’s worthy to note that the majority of freelancers earn more than those working in corporate offices. It becomes possible since freelancers can handle multiple projects, which means that they can work with several paying clients at once.
Some also invest in improving their skills so they could charge higher rates for their services.
Freelancing Is In Demand
The gig economy will continue to grow in the coming years, and there’s no stopping it. Many people consider it as the future of work. Even employers in many different industries have started to embrace freelancers, favoring them over regular employees. That’s especially true if they can get independent contractors who are reliable and produce quality results.
The truth is, hiring freelancers cost less compared to paying for full-time staff. Gig economy workers don’t have payroll fees and benefits, which can be financially good for a company.
The benefits mentioned and discussed above are only some of the reasons why freelancing your skills and making money is worth it. You can find more benefits if you dig deeper. Nevertheless, it all boils down to what you want and how you like your career to shape.
No doubt, the gig economy is a lucrative industry, but it requires hard work and endless motivation. Hence, you have to prepare and get fully-committed if you want to join the millions of freelancers around the world who live the life they’ve wanted to enjoy ever since.