Are you planning of building your career as a freelancer? If yes, then you must want to know what are the benefits of freelancing. You must want to know what are its perks and why its better than other jobs. Well then worry no more because you have come to the right place. In today’s article, we will talk about What are the Advantages of Freelancing?
1. Flexibility.
If there is one thing that freelance gives you is freedom. The freedom to choose your work hours and your schedule. Hence you are the captain of your work-life. Moreover, with freelance you can work from anywhere. Even your home. Hence why the term “work from home” has become very popular. With the freedom of working from anywhere you can work at home, at a cafe, at a coffee shop or even when traveling.
2. Independence.
Freelance also comes with freedom to be your own boss. Thus you do not have someone always there with you breathing down your throat. Hence no micromanagement like those who work in an office. No one always there with you lecturing you telling you how incompetent you are.
With freelance, you have the freedom to choose which projects you want to do and which you do not want to do. In addition to that, you can choose which clients you want to work with and those that you will not work with. That’s not all, with freelance, you can even set your rates and payment terms.
3. Unlimited Earning Potential.
The thing with the 9-to-5 jobs is the fact that the income is fixed. This means that if at the end of the month your salary is 3000USD, it will be that no matter what you do. It doesn’t matter how hard or lazy you work, the salary is always the same.
On the other hand, with freelance, there is no income cap. You earn based on your skills, efforts and demand. Yes demand in the sense of how many people are hiring your services. Moreover, with freelance, you can take up multiple clients all at once. Hence more income for you.
In addition to that, you can charge higher rates for your work. Make the people pay you more for your work hence you earn more.
4. Diverse Work Opportunities.
Unlike the 9-to-5 jobs where you work all day doing the same thing, with freelance you will have a lot of opportunities. You will have a very wide array of job opportunities to choose from. Hence you can work on various projects across industries.
You also have the freedom and time to learn and develop new skills that you can use later. Hence with freelance you can avoid monotony by choosing varied tasks and clients.
5. Lower Costs.
With a 9-to-5 job, you have to travel to work every day. Because of this, you end up spending a lot of money on transportation. Fortunately, with freelance you do not have to travel anywhere. Hence you do not have to spend money on travel expenses.
In addition to expenses like transport, there are other office expenses you avoid with freelance. Such expenses include office rent, formal attire and daily meals. All this can be avoided with freelance.
Moreover, with freelance you can even get possible tax benefits. Such tax benefits depend on local tax laws.
6. Work-Life Balance.
The best thing with freelance is that you can be able to structure your work around personal commitments. You do not have to be tied down to a 9-to-5 work routine every day.
With freelance you will also have more time for hobbies, family and health. With proper planning of your work schedule, you can be able to create time for other things like hobby.
Moreover, you do not have to worry about stress from office politics and rude bosses. In addition to that, you do not have to tire yourself with long commutes.
7. Skill Development & Growth.
With freelance you can constantly keep learning through diverse projects. Every new project that you take and work on is an opportunity to learn something new.
In addition to that, with freelance you will have opportunity to specialize and become an expert in your niche. Instead of spreading yourself thin allover, you can choose a specific niche and master it. Hence becoming the best in that niche.
Freelance also gives you the ability to build a strong personal brand and professional network. Like your freelance account can become a major brand among clients online. Whenever they want a freelancer for that field they come to you.
8. Global Client Base.
Unlike 9-to-5 jobs which are local, freelance is international. You could be in africa working for a client in USA. You can be in Asia working for a client in Latin America. Hence with freelance you can work with clients from different countries and cultures.
This allows you to expand your opportunities beyond local job markets. Hence international clientele for your career.
One of the best things with freelance is the international pay rates. In addition to that you get the foreign currency benefits. For example if you are paid in dollars and you convert it to your local currency, you will get more money due to exchange rates.
9. Job Security Through Multiple Income Streams.
With a 9-to-5 job, you will have only one job. You will only have one employer at a time. Therefore, if you are fired by this company/employer, you loose everything. You loose your entire income. This is unlike freelance jobs which you do not have to work for only one client. Moreover, you can work with multiple clients simultaneously. Hence even if you loose one client you still have more.
10. Opportunities for Passive Income.
With freelance, you can create digital products like courses, e-books or templates. When you create these templates you can sell them repeatedly. Hence establishing a continuous passive income.
In addition to that, you can earn royalties from stock photography, writing, music or other creative works.
11. Bonus point: A list of more Advantages of Freelancing.
- No Office Politics.
- Faster Career Advancement.
- Choice of Work Environment.
- Ability to Pivot Careers Easily.
- Access to a Global Network of Professionals.
- More Creative Freedom.
- Better Mental Health.
- Higher Productivity.
- Potential to Build Your Own Business.
- More Recognition for Your Work.
