20/08/2023
What is freelancing?
Freelancing is doing specific work for clients without committing to full-time employment. Freelancers often take on multiple projects with different clients simultaneously. The Internal Revenue Service (IRS) considers freelancers to be self-employed individuals
Freelancers handle contract work on a part-time or full-time basis and often sign agreements before starting projects.
With freelancing, the client pays per project, per task, or per hour, depending on the agreement. Freelance projects typically involve short-term assignments, although satisfied clients often request follow-on work. Most freelance jobs are available in the skills, service, and creative sectors, such as copywriting, programming, engineering, and marketing.
Benefits of freelancing
Being your own boss as a freelancer comes with many potential perks, including:
Flexibility. As a freelancer, you are able to choose your own hours and decide when and where to work. For example, you can work from home or when you’re at the beach. Freelancing flexibility helps promote a better work-life balance.
Choice of clients and projects. Working as a freelancer allows you to select the projects that match your skills and interests. You can also pick clients who fit particular criteria.
Setting your own rates. You may enjoy greater control of your earnings potential since you generally set your own rates as a freelancer. The amount of work you’re able to handle daily or weekly is another factor that is likely to determine your earnings.
Improved skill set. As a freelancer, you may have the opportunity to work on more specialized projects, giving you greater experience with niche subject areas.
Exposure to global brands. Because you can choose your clients and projects, you have the opportunity to develop meaningful relationships with businesses from around the world.
