7 biggest advantages of freelancing 2021

 

7 advantages of freelancing

Freelancing is the name of freedom. “Be your own boss”. This tagline has always been associated with the freelancing. People choose freelancing to live their lives according to their will and build their lives according to their will.

Freelancing is a very versatile way of income. There are many ups and downs in it. There are many pros and cons of freelancing but in this post, we are going to talk about the top Pros or advantages of freelancing or pros and cons of being a freelancer. There are number of freelance benefits. Here are the 7 biggest advantages of freelancing.

Compensation:                      

How much money can you make as a freelancer? This is the most frequently asked question that if we choose freelancing then, how much many we can make? If you really want to know how much can you earn as freelancer, click on the link “How much money can you make as a freelancer”.

Freelancers make 45% more than a normal worker. The rages of freelani9cng are higher than the non-freelance wages in many countries. According to a survey, 75% of the total population of the freelancers are making $65000 a year. If you divide it with 12, it means 75% of the freelancers earn $5466 per month. I would divide it in three categories.

Ø 15% of the freelance population is charging $100 an hour.

Ø 21% of the freelancers are earning 70% an hour.

Ø 49% of the freelancers are earning $20-60 an hour.

These are not the persons with the bunch of degrees. They have some simple soft skills. They are doing 3d modeling, High-end web developing, E-commerce development, Digital marketers, SEO experts, creative writers and CAD cam engineers.

Work life balance:

If my friend calls me that he had met an accident and if I am sitting in my office, I have to take permission from my boss and it is his will that if he would give the permission or not. But if I am sitting in my own house, I don’t have to take permission from anyone.

As a freelancer, you don’t have to face such sort of problems because your time is under your control and you don’t have to listen any kind of sarcastic words from anyone.

According to a survey, only 29% of the American freelancers work 40 hours a week. 655 of the freelancers work full-time, 6% work full-time with a part-time job. 16% do freelancing as a part-time job with no other job.

25% of the freelancers believe that this freedom of freelancing is the actual freedom. If you want to enjoy the work-life balance, choose freelancing.

Freedom of location:

In freelancing, there is no restriction of location. It does not matter that if you are in the Forests of Amazon or on the Mount Everest, you could do freelancing. All the things you need is a computer or laptop or an internet.

In a traditional 9-5 jobs, you have to go to your office at a fixed time and you have to leave your home. Unlike in freelancing, you can do your job while in a trip or in a car. Their location is their freelance marketplace.

Most of the freelancers work as telecommuters and work on such projects which are contract based. This rate is estimated to go up in the upcoming years.

Optimism:

 The freedom and the work life balance allows freelancers to build their career and life according to their expectations. This fact makes them develop a positive attitude towards their life and their work.

According to an estimate, about 79% of the total freelancers very happy with their freelance life as compared to their previous job. 85% of the freelancers are optimistic about business in the approaching years.

Proof of recession:

We often listen that someone has laid-off from his job due to a big lose in his company or their company has left the country by windup their business from there. Recession has a zero impact on the life of freelancer.

50% of the freelance community feels no impact on the job or life by the economic ups and downs of their country. Nothing can impact you. You just a computer, an internet and a strong will. Even when the countries which are in a situation of warm freelancers are doing their work smoothly.

Freelancing has absolutely zero relations with economic ups and downs and the political situations of the country.

Entrepreneurs of the future:

One of the biggest advantage is that freelancers are the entrepreneurs of the future. Entrepreneur id one who look for problem in his surroundings and then give a solution to that problem, means he give a service or product related that solution or initiate any business.

We need money to initiate a product, service or a business. Freelancers invest the money they earn from freelancing to open that particular business. According to an estimate, about 70% of the freelancers think that they are entrepreneurs.

Freelancers should have save their money for their today and future.

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