The revolution has already started, and in case you haven’t seen, you’re missing out on an opportunity that was huge.
Freelancing has ever been a common “hobby” for innovative professionals such as writers and designers, but at the last ten years or so, creative pros have started leaving the nine-to-five life in droves.
Now this post isn’t supposed to lure one to the “dark side” of freelancing, yet to explain why it has been the fastest growing professional set of our period (and will remain to be).
But if you’ve actually thought about taking the jump, now may be the very best time ever to do so.
Why has freelancing become so popular?
Surprise! The answer is: tech.
Every component of workplace logistics today features an app that lets you chime from anywhere and join .
And should you can work out of a laptop anywhere on the planet, why bother spending time in a desk?
To add fuel to the flame, a lot of the work traditionally done by innovative professionals (such as web design), has been significantly sped up with identical technological advancements.
I know that personally, before Webflow, it would take me months (or weeks) to complete a web site project. After Webflow, hours are sometimes taken by that same project.
This provides an all-new ability to take on more than one project to freelancers. Leading imaginative professionals wondering Why work for a single person/company/project, when I am now able to work on many in the identical time?
These shifts in technology have led to a change in mindset. Years ago, the concept of leaving a steady job to pursue your own “craft” was* stupid. Freelancing was something you did before bed at night, like a hobby or after-school project — not a profession.
Yet an increasing number of individuals are taking the jump into the unknown. Leaving their nine-to-five cubical cells for the liberty of becoming a electronic nomad.
And freelancers are not the only ones who discover the life enchanting. Companies are following suit.
Companies are driving the change into freelancing
In a meeting with PBS, writer Richard Greenwald said that firms as large and prestigious as NASA and IBM have been turning to freelancers at an accelerated rate. And they are not alone, together with the likes of Pinterest, OpenTable, Panasonic, Unilever, NBC, and many (many) more appropriate beside them.
I’ve found that there are just three reasons
1. Cost / affordability
Though many franchisees charge a premium rate, the huge majority undercharge for their job (discontinue it! ). These prices make it incredibly attractive for companies to hire workers that are freelance.
Salespeople enjoy their way of life that is flexible, and companies are not any different. The expense of choosing a full-time employee extends beyond salary and insurance, such as commitment and time in instruction, culture, etc.. With contract workers, these costs can be cut by companies and obtain the flexibility to hire/fire at any time.
Both having freelanced and hired contractors to get a company, I can say that freelancers work quicker. Maybe it’s the freelancer’s perception of urgency about going on and completing the project. Maybe it’s the fact that conventional onboarding/training cans bypass. Maybe it’s that salespeople can bypass internal politicking and meetings. However, whatever the cause, freelance jobs move much quicker than occupations.
All of which means that freelancers are now able to combine their lifestyle with the chance to work with a number of the most respected and biggest companies on the planet.
It’s not all roses
I’ve spent lots of time being a full-time freelancer and a full-time desk jockey. Here are a few things that you need to know before leaping into the world, although both have their advantages and disadvantages.
They suck on no matter what, however, they suck for contract workers. As a builder, you’re not only responsible for paying your own income tax, but also self-employment taxes.
You must be prepared to track all cash going in and out to prove it, to make it more complex. You can not rely to take care of your monies. You have been HR.
You’ll overcome it, although this problem is a symptom of early-day freelancing. Not always because you are always going to have work lined up (although you might), but because you’ll start to control enough to keep you drifting (thankfully) between jobs.
Nevertheless, it’s a bit more difficult to handle ongoing expenses such as rent, utilities, food, etc. without a consistent paycheck. This is the reason why I advise starting your career. When you aren’t concerned about basic living costs, you’ll be more likely to take on better jobs (as opposed to whoever’s willing to offer you cash).
Most freelancers who have already been doing it awhile will agree.
At first it’s nice not having to leave your home or see the other human being for days at a time, but finally, you begin to miss your office’s group environment.
I discovered that the best way to battle this was to just put yourself into additional situations. Rather than meeting customers over the phone, offer to match in person or at least chat. Rather than operating from home every day, go down to a favorite coffee shop, or even better, a local coworking space.
Is it worth it?
I would argue it’s. There is nothing more empowering than understanding that each and every dollar you earn is the specific reflection. That’s more money going to your bank account, if you work a few hours over the weekend — you can not state that for your salaried job.
In addition can be resolved by straightforward preparation and preparation. Yes, there’ll be challenges, but if are not there?
So what would you believe? Is this the year you have the leap into freelancing?
Believe it or not, freelancers constitute roughly 40% of the work force. Forty. Percent. Are you prepared to join them?