Freelancing better than the office job? Well, it depends upon various circumstances, such as job opportunities availability of your area of expertise, salary level, prospects of your field, etc. However, in today’s modern world, freelancing has become a common practice to earn money because of the ease that it provides to employers and employees. You can get full time or part-time job depending upon the needs of the employer. The benefit for employees is they can attach themselves with many clients at the same time without time restrictions. Similarly, employers take the benefit of a large pool of talent available online and hire workers when they need it, instead of hiring a full-time employee and paying monthly fixed pay. However, all this flexibility is due to the advancement of technology which has enabled us to make a platform where employers and employees can meet and connect each other. You become your own boss and you have no tension of losing job. If your contract finishes with one client, you have the option to connect with thousands of others.
Before moving forward, now discuss something about technology.
Impact of Technology
Technology has totally transformed the daily life of all individuals. Technology has helped people living anywhere around the world to connect with each other. You can connect with your family and friends from any part of the world whether you are on business trip or on holidays. You can navigate easily even if you visit a new location. It has even ended language barriers. You can visit any part of the world and can communicate with locals with the help of technological tools. In this article today you’ll get knowledge of how technology has impacted careers. But over the years, trend has proved that freelancing is better than the office job.
Problems in Office Jobs
Imagine if you go to your office and you are informed that due to significant losses of the company, the higher management has decided to lay off some employees and you are on that list as well. You feel stressed straight away because you have so many plans. All you think is now to search for another good job. However, searching for a job is not an easy task. Especially when you’re in a field that has high competition. The economic recession of 2008 left many people around the world jobless. Being jobless not only puts you under pressure but sometimes you are so demotivated that it impacts your mental and physical health. However, Thanks to technology that today everyone can work from anywhere around the world.
What is Freelancing
You may have heard the term Freelancing. Freelancing is a term used to refer to work that you do from your home. A freelancer is free to do anytime and according to his/her own choice. You become your own boss. You decide what you want to do and fix your own wage rate. It has become a popular field. There are millions of freelancers around the world and have earned millions. The best thing about freelancing is overhead costs are lower. What you need is a computer and internet connection to start. Then a good marketplace to register yourself where you can present yourself as a skilled person. Some of the major freelance markets are Upwork, Freelancer.com, Fiverr, People per hour.
However, to be a successful freelancer, follow some essential tips.
Area of Freelancing Expertise
Nobody knows you better than yourself. Always present your skill to employers which put you on top. Freelancer market is wide. You have millions of opportunities. Grab the market by identifying your skillset. Don’t rush. Be patient. You know, in the freelancing market, “Why” is most important. That means why the employer should give you a project. Why are you so special in terms of skill?
Advertise Your Freelancing Skill
Advertising mechanism for a freelancer is different from advertising physical products. You advertise physical products on various platforms such as newspapers, TV, and Banners. However, in Freelance market connections are very important. Try to make connections and use word of mouth. Try to learn how to sell your skills. Advertise your skills on various platforms.
Account for Everything in Freelancing
When you start earning projects, always keep track of your projects by means of an accounting system or some other application software. This helps you to monitor your growth over the passage of time. You can generate reports to check whether you are generating profits by comparing expenses and profits. This monitoring will help you track your financial objectives.
Consider Tax Implications in Freelancing
Always consider tax implications. Tax implications depend on your local and international regulations. By paying taxes, you contribute to the economy and prove that you are a good citizen and doing legal work. However, Tax estimate will depend on your total earning whether you are doing part-time or full-time freelancing work.
Protect Yourself in Freelancing
Protect yourself from unforeseen circumstances. In the U.S. some states don’t allow you to work as a freelancer without a business license. You need to check your local laws to make sure that you are covered. It is important for you to plan for retirement, health insurance, and all tax implications if you are planning to do freelancing on a long-term basis. You can consult your accountant for further advice.
Be Prepared for Slow Work Times
It is common in freelancing that sometimes you find a lot of work, and sometimes you don’t. However, it is good practice to diversify your expertise. Just don’t stick to one niche. Try to practice and learn other field but just related ones. This will support you in bad times. When your area of expertise doesn’t get you sufficient work, you can compensate it with getting work from other fields. Being proactive and always looking for clients is an important factor in freelancing.
By keeping in view all factors, you’ll get a good response in the freelance market. That’s why it is called that Freelancing is better than the office job.