Is Freelancing for Money a Good Option?

Why Freelancing?

For everyone that has ever worked for a company, there is always moments where we wonder whether or not we can make it out there to be our own bosses; and that usually leads to being a freelancer. People think about freelancing for many reasons:

• Flexibility over my schedule
• Getting to pick what I work on
• Not having to report to a boss
• Building and scaling my own business
• Owning my destiny

Whatever those reasons are, there are a plethora of options out there for you to get started. If you are still concerned about whether freelancing is a possible option to rely upon, then this article can give you some context.

Does Freelancing Work for Me?

Before diving into the freelancing world, it is important for you to know why freelancing may or may not work for you. Freelancing with any skill you may already have allows you to directly leverage your time for direct payments from clients and business without a middle man. However, you would also have to leverage your own resources, time, equipment, and project management to fulfill assigned projects.

When you join an office, you use their premises, equipment, internet, recreational facilities and are probably working on projects that they found. Therefore, they will keep a share out of the profit earned from any work you do, and give what they think you deserve in salary. In the case of freelancing, you own the entire process and get all revenues coming from any projects you work on, but you are responsible for all the costs associated with the work.

However, if you are able to find consistent work, freelancing has a better earning potential than that of any 9-5 job. Yet, a successful career in freelance requires one to have skills, patience, and dedication to not only manage the business of finding projects, but also to complete the work and meet deadlines.

What Kind of Freelancer Can I Be?

To start your journey as a freelancer, you should have a certain amount of skills in diverse niches. It really doesn’t matter what your current job is or what you studied; if you have a demanding skill the market is looking for, you will get opportunities. And, the market is always changing! Some of the booming niches in 2021 are:

• Writing
• Graphic Designing
• Web App Development
• Accounting
• Translation
• Marketing
• Teaching
• Tutoring
• Administrative Assistance
• Social Media Management, and others. 

There is no limit to what amount or kind of work you can take up as a freelancer. The thing you need to keep in mind is offering quality work, managing expectations, meeting the deadlines, maintaining a professional rapport with clients, and improving your skills over time. 

Main Takeaway

There is a big world out there for freelancers to earn money based on skills that they already have or can pick up quickly. So, especially if you are an aspiring freelancers reading this article as you are researching what it would be like to be a freelancer, you’re off to a great start!