As if increased flexibility and income aren’t enough? Freelancing provides a level of independence that you would only find in a top managerial or C-level position. Even then, those people still have to answer to their bosses, presidents, boards of directors, and investors or shareholders.
If you have always been a leader or fancy yourself a relatively independent person, freelancing could be right for you.
Check out the following factors of independence that come with freelancing:
- Quick to start
- Be your own boss
- Job security
Start quickly and stay more productive
Basically, as soon as you find a client you can start getting paid. If you’re a creative individual or are vocal about the type of work you do on platforms like Twitter, Instagram, or LinkedIn, you have probably already been approached asking if you do contract or freelance work.
Don’t worry if you haven’t, though. You can start attracting potential clients just as quickly.
If you have good time-management skills and a handle on your schedule, freelancing is also a viable option to quickly become more productive. Imagine no longer getting stopped in your office kitchen or hall to answer a “quick question”. Or doing away with impromptu meetings that eat up half your afternoon. Not only are the redundancies of office life instantly eliminated, but research has also shown that working from home (or your own workspace, wherever that is) is more productive.
Productivity is a major motivator to freelancers and it is one of many factors that increases the earning potential of freelancers since they are able to take on more projects than office workers could.
Gain financial independence by going freelance
Not only can you increase your earning potential as a freelancer, but you can actually save heaps of money working remotely.
Nat Eliason has an excellent “Runway Calculator” that shows you how to travel for six months and actually come back richer. But you can save a lot more money simply by changing your geographical location.
Now that workers aren’t required to be at work every day, urban sprawl has increased, driving up the housing market in most smaller towns and cities outside of major metropolitan areas. Remote workers are ditching the New York’s and Toronto’s of the world to pursue a slower, commute-free life outside the city.
When people choose to freelance to earn extra income or save more money, this fulfills one of our most basic and important needs: security. Freelancing helps meet your needs, pay your debts and bills while increasing your savings.
How many times has your salary not been enough to make ends meet? Your current pay is probably not enough to battle inflation, let alone fuel your hobbies or save for a vacation. Even if you aren’t planning on leaving your full-time job, freelancing for some extra income can be a good way to supplement your earnings.
Freelancing offers variety in terms of work projects, as well as challenging individuals in different ways. For example, the Millennial generation entered the job market at the beginning of a recession, making finding work challenging for them.
Because of the type of workforce available to them at the time and growing up in an environment of change, the Millennial generation enjoys variety in their work and allows them to pursue multiple ventures at once. For example, people may earn income from an online store while also writing and doing photography work.
Freelancing is convenient for Millennials because it is so adaptable and allows them to change their business to whatever they love doing. Companies that want to employ the best talent are starting to hire freelancers that are specialized in the project at hand, rather than employees who just work nine to five.
Be your own boss or start your own business
Have a grander vision of running your own agency or having a regular team you work with on freelance projects? The first step is working for yourself.
The freelance lifestyle can bring with it the freedom to control your own workload and the kind of work you choose to do—a huge appeal to 49% of survey respondents. If you’re just setting out to be your own boss, a bit of a financial cushion can be a big help, many successful freelancers have found.
Freelancing makes you the master of your own ship. There are many reasons why freelancing is chosen over other full-time jobs. One of them is it helps you to show your own individual style. You are also able to use your own approach and methods. There is no compulsion to be under the domination of anyone. You are your own boss and you work according to your requirements. There is freedom of choice of the type of work you want to do and the websites you want to work for. There is flexibility in your schedule. You have significant freedom and liberalization in your work. It helps you to decide your own strategies and tactics according to the type of work you get.
Job security and control
You can’t be fired by your own company! Well, technically you can if you’re answering to a board of directors, but that’s a much more complex situation we won’t get into (right now).
Sure, clients may come and go but isn’t it a lot more enticing to lose just one client and still have ¾ of your income as opposed to being laid off and losing it all? It’s a heck of a lot safer to have multiple clients and multiple revenue streams than relying on a single source of income when you can be replaced on a whim.
Many freelancers choose this career path because it awards them control over their own lives and every moment of their time. They may still be putting in 40 hours a week, but they can do it from anywhere and they control when and where they are working, to an extent.
As a freelancer, you also have control over what type of projects you work on when these projects are due, your own workplace environment/dress code, and virtually every other aspect of your daily life. At most traditional jobs these factors are all beyond your control until you reach higher levels. And even then, you must answer to a boss or board of some sorts and become the enforcer of this type of workplace culture minutia.
It will take time to be able to choose to work only on projects or subjects you love, but this is one of the ways you can set goals as a freelancer. In the meantime, enjoy working from anywhere in the world, or sitting on your back porch with an iced coffee in the summer, wearing whatever you’re comfortable in, and savoring the extra hour or two you save each day not having to commute.
Craft a life you’re passionate about and your business results will be reflected in this passion.