Pros and Cons of Freelancing

 

Whether you are a student looking for a part-time job, a full-time mom, someone searching for fulfillment in his current position, or someone looking for extra income, Freelancing might be the perfect option for you.  A freelancer is a person who's not particularly connected with a specific company; they were hired based on their service and for a limited time.  They are self-employed and can be considered an independent contractor.  You can find a freelancer in just about any field of expertise, from music, journalism, web design, film making, research, and data entry. Consider the pros and cons of freelancing before pursuing this career path.

 

Top Pros and Cons of Freelancing

 

To help you decide whether this work nature is suitable for you, we listed some of the pros and cons of Freelancing. Hopefully, after reading this article, you will have a better decision if this will be a rewarding job for you.

 

Pros of Freelancing

 

·         The Job that You Want- One of the advantages of Freelancing is that you can now choose the job you want to do.  Without a boss to instruct you to do things, you are now free to determine what type of service you want to fulfill.

 

·         Work from Home- Under normal circumstances, freelancers are allowed to perform their jobs in the comfort of their homes.  You control your time; a client doesn't mind how or when you do it.  What is essential is you submit the whole project based on the deadline.  Freelancing is an excellent option for those people who find working in an office a pain in the neck.

 

·         Non-Repetitive- Most of you will agree that our conventional jobs will sometimes feel redundant and robotic. With Freelancing, there's always something new to do. I started my career as a writer; then, I became a transcriber of historical documents. I also created scripts, mobile apps, animated videos, etc. I became a social media manager, a website manager, a machine designer, even an assistant for a parapsychologist. I was given pictures of crime scenes, and they asked me to write anything I noticed.

 

·         Negotiate Your Hourly Rate- Freelancer can also negotiate their rate.  Some companies can be more generous than others. You must find the appropriate rate for the service you are offering.  Often, most companies can offer you a better rate than their regular staff since they do not pay the freelancer with sick leave and other company benefits.  Just like any other job, years of experience in Freelancing can give you a higher income rate.  It pays better than a part-time job, and it doesn't require you to do things you do not want.

 

 

Cons of Freelancing

 

The only disadvantage of being a freelancer is taking care of your own National Insurance and income tax.   It might also be tough for you to find a client since freelancers nowadays are a dime dozen.  However, once you established contact and gained your clients' trust, you are now good to go.  Remember that since you do not have a guaranteed contract, you will stop earning income if you don't accept a project.

 

Every day hundreds or even thousands of companies are searching for a freelancer online.  They are not only SME companies who are looking for someone to help them with their concerns.  Most of them are big companies searching for a trustworthy person outside of their company to do jobs that the experts can do.  Consider the Pros and Cons of Freelancing aforementioned and decide if this is a path for you.