The Realities of Freelancing – How to Know if it’s Right for You

A freelancer works independently and serves different offers for clients.

In simple words, freelancing is a profession where a freelancer can work for himself with no liability and no bonding. They can use their skills and knowledge for their clients on a contractual basis.

By freelancing, a person can complete his task on a contractual basis or per working hour basis. But in a professional job where a person has bound to follow office rules and work routine life like a 9 am-5 pm job in freelancing where a person can work independently and operate his profession in a freeway.

So freelancing is a platform where a person works for his client base on the agreement or is hired by a client in return for agreement payment. A freelancer can complete his agreement task anywhere like home, travel by car, etc. place—a freelancing profession in my views like as self-employed, freedom profession.

The Realities of Freelancing

Freelancing is a profession where a freelancer needs a lot of things for developing their career. These are:

  • Knowledge
  • Creative Ideas
  • Experience
  • Find out the opportunities
  • Presentation Skills

Today was in the 20th Century, and freelancing demand is increasing. Many people are encouraged to build their career as a freelancer. People like to work independently and use their skills and creative ideas in their way. They can offer service to their clients online with an agreement hour and fees. However, freelancing realities stand on many facts. Freelancer needs good experience and skills to handle their clients and encourage them to through services. There are some issues stands for freelancers in their freelancing life:

Freelancers Experience Level:

Experience may differ from person to person. Freelancers must have sufficient experience in their working field. They have to recognize their working pattern and their skills. Freelancers must identify their specific clients whom they promote their offers. So experiences may reflect significant realities for the freelancing profession.

Deal with Clients:

Online clients are not the same. Many kinds of clients come to the online site to hire a freelancer for their job. Before hiring, a freelancer must know some realities about clients:

  • Their past Job posting records
  • Payment Records
  • What Client’s Demand, Need
  • Skills need to motivate clients.

Freelancing is not Fixed Income:

The freelancing profession is self-oriented activities; it’s like a personal business. In this profession, income is not certain. Income or earning may differ. Many freelancers join in this profession on a part-time or full-time basis. Payment depends on how much working load they can avail and their skills and presentation and operational performance.

Working Hour:

Working Hour is not fixed for freelancing. It’s a total freedom profession where a freelancer can work in his or her way. Sometimes freelancers and clients come into the contract. In that case, the task has to complete in that fixed period. But no rules of an appointed working hour like office as 9 am-5 pm. So working hour is not a significant fact for a freelancer.

Enjoy The Profession:

Freelancing is nowadays a popular profession in the world as well as in Bangladesh. Many people, like students, housewife are interested in this profession because it has no liability, no bonding. Some people switch their jobs and build their careers as freelancers because they didn’t enjoy their office job. Such a profession like that where a person feels his working pattern identifies his passion and wants whatever they do.

Another reality of this profession that many freelancers are not getting the fruitful job demanded job as they required. Someone who involve in a position also starts hate and switch profession into freelancing. So Enjoyment is one of the significant ideal realities in freelancing.

You Become Your Boss:

A freelancer is an independent professional person. The only freelancer can rule out his activities. In a simple word that a freelancer is like, “You become your boss.” They can work when they wish, and they can make their own working decisions. So many beginners in today’s are encouraged to build up their career as a freelancer.

Freelancer may Face Distractions:

Many realities stand with freelancer’s life. But some effects also occurred. The freelancing profession is better than others, but some time needs to spend more time to submit client tasks. In some cases, the client’s negative review may distract daily activities. For beginners need to create an account, website designing, and get a job from clients. This may distract freelancers.

Cash Flow Varies:

Freelancing income is not fixed as a full-time office job. Suppose Mr. X a freelancer who worked five client jobs in September, his earnings on September $500. but in October, he got only three clients job, and his earning stands $300. So this type of cash flow battle occurs in freelancing life.

So the realities of freelancing differ. It depends on freelancers, how they work, how long they invest their time, how to handle clients. Overall the realities that stand that a freelancer has positive and negative sides. In fact, in our life, everywhere, many positive and negative things happen. Someone engaged with their 9 am-5 pm office job, some are in the business field, and some are doing freelancing. Everywhere has a different impact; freelancing realities also have some effect. It depends on freelancers how they overcome these issues and build their professional path strong.

Related: The 15 Best Freelance Websites to Find Jobs

The Advantages and Disadvantages of Being a Freelancer

The freelancer profession is challenging. They have to make their profession pattern in their way. Many people identify freelancing as a home-based profession. It does not matter it’s a home-based or self-owned business; the matter is how to build a platform through overcoming different levels of difficulties.

To being a Freelancer, there are also stands many positive and negative effects. The advantages of being a freelancer are like:

The Advantages of Being a Freelancer

Build Unique Profession:

A freelancer can build their profession uniquely. Different platforms and options are available to build a career. One can set up their goal as a web designer. Another can choose Search Engine Optimization as a profession. They can offers service to their clients in different ways. Like as the web designer can work for a client and his service is designed clients website. In another case, an SEO freelancer can work on some sites to get a specific audience for his marketing purpose. You can take proper SEO training from an SEO professional. So freelancer profession is unique and not similar to office or desk job.

Make Income Sources:

Freelancers are two types:

  1. Full-Time Freelancer
  2. Part-Time Freelancer

Full-time freelancers focus on their career professionally, and their earning pattern is higher than others. They can work for several marketplaces and clients and promote services.

Part-time freelancers are those like – students, job holders, businessmen. They choose this profession for making a different income source. These type of freelancers works in the dual-career and make strong their economic currency.

So by freelancing, a freelancer can make their income path online by working on different sites. The income varies on freelancers working performance, presentation, and skills. More time they invest and work more money they can earn from clients. And they can keep all the income as profit and no need to pay and media charge.

Unemployment Problem Decrease:

Many countries have an unemployment problem. Millions of Graduate comes to the job market to build their career. But many of them do not get their aim jobs like Asia, Middle East, and many other places where this problem increases.

By Government and social media process, freelancing stands like a friendly profession for unemployed people. Like the USA, UK and Asia are now developing through freelancing. A freelancer can get involved in work and express his knowledge and creative idea to their clients by promoting different services. So freelancing is a part of employment where freelancers can build their lives, their status.

Work Wherever your want:

The life of a freelancer is so flexible that they can work for any person, anywhere in their country, anywhere in the world. In saying that, freelancers can work everywhere, in a global marketplace like Amazon, Ali-express, etc. Place and specific platform like office, shop not require for delivering services.

Freelancer becomes Boss:

No doubt that freelancing is a platform where the only freelancer can rule out. He’s, or She’s the boss and makes own decision. They can plan the work like-How they create, design the sites, etc. So freelancers are moving to this profession and building their online market store and offering services in their method.

8 Major Pros of Freelancing:

  1. You choose the clients you want to work with and the projects.
  2. You are free to operate on your term
  3. You can have a better work-life balance
  4. You decide your hourly rate charge
  5. Lower travel costs, daily lunches out, no more need for work clothing
  6. You learn all aspects of running a business
  7. You can start some forms of freelancing with ZERO upfront investment
  8. Freelancing allows you to use a variety of skills

Disadvantages of Being a Freelancer

Not Getting Paid:

There are several cases where freelancers do not get their payment from their clients. The reasons are like:

  • Freelancer does not check clients past payment history
  • Might freelancer work got a penalty from the market site, by doing any illegal or spam activities

So before accepting a task from the client, a freelancer must acknowledge these issues.

Not Reliable workload:

Working is not specific, so income also differs. The monthly payment also varies. So income and workload not as usual like a full-time paid salary job.

No Timetable of Work:

Freelancer working hour is not specific or routine wise. They can work anytime as they wish. But in some cases, that might stand as significant issues. If longer time works, then health, become sick. If the lower time to work, income ratio may effect. In some cases, clients need quick services, and if the freelancer does not avail that time, he might miss the project.

Clients can be challenging:

All clients are not frank and friendly. Some kinds of clients are like to ask inappropriate questions; some ask different categories or pattern-type work.

These types of client handling sometimes affect freelancer careers. If the project is not submitted or the presentation is not encouraging, the client might give him a negative review, impacting future project promotion. So first, identify what clients ask, what their requirements. Then get the work.

So the life of being a freelancer contains many pros and cons, many benefits, sides, and risks. It depends on freelancer willingness, overcoming the risk, and converting them into a positive way. Nothing in this world is easier; everywhere, and every profession is challenging. Freelancer has to fight with these disadvantage issues and keep updated and make his fortune.

8 Crucial Drawbacks of Freelancing

  1. Working from home can be isolating
  2. You do not receive employer-provided benefits
  3. You may encounter busy times and tranquil times
  4. It would help if you balanced multiple competing priorities and deadlines
  5. Your income may vary from month to month
  6. Some freelancers need initial cash investment to purchase computer software, domain, hosting, themes, plugin, office equipment, websites, etc.
  7. You are subject to self-employment tax.
  8. Working from home can pose many distractions.

So now you know the advantages and disadvantages of freelancing; you must decide if it’s for you.

Freelancing Work versus a Salary Job

The Pros and Cons

Freelancing work is like a freedom profession where freelancers become a boss and make their professional decisions. They have no bonding and no working hour rules.

In a Salary job, workers are introduced as employees who work under a management team and have bonding to report their working performance daily.

The pros and cons of the two professions are described below:

Pros of Freelance Work:

  • Freelancer has flexible time to work
  • They have worked with many clients in marketplaces.
  • No bound to work like office as 9 am-5 pm
  • Freelancer is the boss of himself
  • Make his income as profit
  • Work independently and make decisions own sense.

Cons of Freelance Work:

  1. Income flow is unpredictable
  2. No pension fund option is available, like a salary job after retirement point.
  3. Though freelancers are the boss of themselves, they may be affected as sole operator if his decision is gone wrong.
  4. Not get paid all time; in some cases, fraud clients don’t pay their services, which may demotivate freelancers’ future workflow.

Freelancing Work versus a Salary Job

Image Credit: Contentmart – Content Writing Services 

Pros of a Salary Job:

  1. Provision fund, Health insurance, and another benefit can get
  2. Stable income, monthly fixed payment get and festival bonus also offered
  3. Working with a management team and make a community.

Cons of a Salary Job:

  1. Fixed working schedule, bound to work
  2. Flexibility is not available
  3. The office environment may impact job performance like office politics.
  4. The threat of losing the job at any moment. Like in private sectors.
  5. Lack of time for parents, family, and kids.

Every creative will have to decide between full-time (salary) work and freelance or part-time work. There are pros and cons on each side, but the final decision comes down to the needs and wants of the individual.

Conclusion

The life of a freelancer and a salary-paid job both are different levels of professions. Freelancing is independent, freedom, and flexible discipline, and a salary job has a fixed income flow, but other facilities are not available. Many people are willing to take a position to build their present and future both economically strong. Job holder wants to make his income path strong. They want a future backup with their pension fund.

In freelancing, a freelancer may not get all the facilities like a salary paid job. But they can build their life and their professional role independently so they can rule out the marketplaces. No bound, no contractual agreement requires more flexibility they have to work and offer services for clients. A freelancer can make his decision own and do his their unique role way.

To be a freelancer, one needs to know own personal role, the capability of accepting the risk factors, willingness to work hard, and dynamic—lots of research is required before launching a project online. A proper guideline, outsourcing training, related Knowledge practice, and hard work may help a freelancer make their career successful.

In the circumstances, the realities of freelancing have many pros and cons. If one decides to become a freelancer, he needs to understand the profession well and aim to work hard to reach the peak point. Thus a freelancer will set his status in online marketplaces and become the role model for the next generation.