The freelancing economy is seeing real growth. The number of people who are replacing their full-time income through freelancing is increasing rapidly.
According to score.org, freelancers account for 36% of the US workforce.
That statistic clearly demonstrates how quickly the freelancing economy is growing, as it’s getting closer to the 50% mark.
Freelancing is the future.
And in this article, we’re going to take a look at 7 reasons why that is the case.
1. Companies Need Skills For One-Off Projects
For many skills out there, companies require a specialist for one-off projects. A good example of this would be graphic design.
Companies might need a logo, banner, social media images, and various other types of graphics. Put yourself into their position.
What would you do?
A) Every time you need graphics hire a top-rated freelancer
B) Hire someone full-time who you’d have to pay even when you don’t need graphics.
Even the hassle of hiring through traditional employment is not worth it in this case.
Businesses of all sizes are leveraging freelancing, and if you want to use your skills to earn an income, it’s a huge opportunity.
2. Freelancing Lets You Be The Boss.
- Work when you want
Unless you have agreed to work at certain times because you are needed at those periods, you can get the work done when you chose. This gives you freedom, and flexibility to get things done your way.
- Work with who you want
As a freelancer, you can simply reject clients and customers if you don’t want to work with them. If you’re working in a business for someone else, you don’t have this privilege.
- Work how you want
As long as you get the work done, you can work how you want. Whether you’re hiring assistants to take the weights off your shoulder or sitting at the beach on a laptop, it doesn’t matter. You get rewarded for the work you do, not anything else.
And quite often with all of this freedom also comes happiness, because you can work the way you prefer.
3. It’s Simple
The company that needs a specialist can head over to a freelancer and get them to work on it.
On the other hand, a freelancer who wants to sell their skill can offer it to companies or position themselves in a place where it’s in demand. This process is simple and easy for the freelancer and hiring company.
4. Job Security Isn’t So Secure
While a job does offer a certain type of security, it can disappear at any point.
Many businesses lay off employees which often puts them into bad positions. As a freelancer, you can have as many customers as you want, 5, 10, or even 100.
If one of your customers stops hiring you, it’s not that big of a deal. With a full-time job, however, it could be a big problem as you are relying on it.
Plus, as a freelancer, you wouldn’t be relying on someone else to run the business correctly to avoid getting laid off. Instead, it would all be in your control.
5. No Earning Limits
Another cool part about freelancing is that there are no earning limits.
You can give yourself a raise by getting more customers and there is no limit to that.
Once you are seeing significant growth, you can scale into a huge service-business. If you want to read more on that, you can read how to scale a service business.
6. Freelancers Are Paid Based On Results Not Time
Freelancers are paid based on results, not on the time they spend.
Yes, someone might hire a freelancer and pay them hourly, but even then, it’s how many hours until they get the result. Getting paid based on the result i.e the service they fulfill is better for the freelancer and company.
For the freelancer, it allows them to specialize in getting that result and build systems for it without them having to sacrifice their time. The company that is hiring to get the result they want can do so with ease, so they are happy too.
It’s a win-win.
7. You Are Building Your Own Brand/Business.
Another huge benefit for freelancers is that they are building their own brand/business.
Someone working at a traditional job is building someone else’s business. However, a freelancer is building their own business and brand. They can leverage what they are building to get more customers and grow their own business.
This also incentivizes the freelancer to put in additional effort, which again benefits everyone.
Conclusion (And How To Get Started)
As you have seen throughout this article, freelancing is the future.
It’s a win-win situation for everyone. Freelancers can find work, companies can find results.
If you’re ready to start getting involved in freelancing, take a look at the information below. They’ll help you get started with Legiit, a place that connects world-class freelancers with customers.
How To Hire Freelancers
If you’re looking to hire freelancers, head over to Legiit and register for a free account. From there, you can simply browse the categories to find the freelancers that will help you with your business.
Alternatively, if you can’t find what you’re looking for, you can also post a job to get custom offers from freelancers.
How To Start Freelancing
If you’re looking to start freelancing, Legiit is the best place to start.
First, sign up for a free account, and then head over to your settings to create a seller account (also free).
Read More on Freelancing
If you enjoyed this article and would like to read more on freelancing and related topics, check out some of our recent posts below.
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