Are you tired of your job? Do you want to work from your home?
Maybe you are not satisfied with the salary that you are making from your current job. You might be interested in getting into freelancing as a solution to these problems.
But, is freelancing worth it?
Yes, Freelancing can be a promising career choice. It offers you unlimited earning potential and a lot of people are acknowledging it as an actual profession. But you have to be skilful, self-motivated, and patient to survive and thrive in the freelancing world.
But before you decide to get into freelancing, you need to have a full understanding of the ins and outs of it all.
This is why in this article, I have discussed why freelancing is a great career choice and what are the drawbacks of this profession that you should look out for. Learning about them will surely help you to decide if freelancing is right for you.
Why Freelancing is a Great Career Choice in 2021
There are lots of reasons why people are choosing freelancing as their career choice. And this number is increasing day by day.
This is why I am here to break down some of these reasons on why they are doing so. By learning about them, you will clearly understand why freelancing is a great career choice in 2021.
1. Huge Earning Potential
When someone is looking for a job, the first thing that everyone considers is how much he or she will be able to earn. And in any sort of traditional job, you will be able to earn as much as the salary offered to you by your employer. And there are hardly any additional earning opportunities in most of the traditional jobs.
This is where freelancing shines the most. Theoretically speaking, the earning potential as a freelancer is limitless. And this is the main reason for many people choosing freelancing as their career choice.
As a freelancer, you are your own boss. You can pick what job you want to take and which client you want to work with. You can negotiate and fix your work rate with the client. Not to mention that the amount of money that you can earn entirely depends on you.
For instance, you can work insane hours to earn some extra money for a few months and take a break once in a while when you feel it is time for you to get some rest and recharge.
Also, being a freelancer grants you access to an endless stream of passive income opportunities. Perhaps you can create a training course on something that you are good at and sell it online, or you can start affiliate marketing or something else. The earning potential in freelancing is truly endless.
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2. Flexible Schedule
One of the best things about working as a freelancer is that you can create your working schedule. You can choose the time that is suitable for you as a freelancer. This allows you to maintain a balance between work and family life.
In traditional jobs, you will have to spend time in your office usually from 9 to 5, whether you are doing something or not. But this is not the case with freelancers. You can choose your work time on your own.
So, if you have some important task other than your work like you need to pick up your parents from the airport, or you have an appointment with your doctor, you can start working early and finish early.
So, in the end, you have enough time to do spend some time with your family and friends, besides completing all your works on time.
3. Remote Work
Who doesn’t want to work from the comfort of his or her home? In traditional jobs, this is not possible. But as a freelancer, you will be able to enjoy that privilege.
When you are working as a freelancer; you will be doing remote work. So, you can work from any location that you might think is comfortable for you. Even from the comfort of your own bed.
Studies have found that when you are working from somewhere you feel comfortable at, you will be able to focus more on your work. As a result, it will improve work efficiency and productivity level. Not to mention that it will increase your motivation to decrease work-related stress as you don’t have to worry about any sort of office distractions.
4. Do What You are Good At
There are a variety of freelance jobs available that you can choose from. Whether you are good at photography, video editing, programming or you are an excellent writer, you can choose a job that matches your skill.
And since as a freelancer, you are free to choose your job, this means that you can keep doing what you love and excel the most. And at the same time, you can ignore jobs that you suck at or don’t even care about.
5. Make Your Own Decisions
One of the best parts of being a freelancer is that you are self-employed. That means that you are the one who will be making all the decisions. You don’t have to ask anyone for permission.
This puts you in charge of everything. And, everything you do as a freelancer is for your own sake.
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What are the Downsides of Freelancing?
Like all things in this world, everything has a good and a bad side. This is true for freelancing also. There are several drawbacks of freelancing and you should consider them before you decide to become a freelancer. Some of these downsides are discussed down below:
1. The Usual Problems with Self-employment
Although freelancing offers you unparalleled freedom that you can’t find in traditional jobs, it also comes with the curse of self-employment.
As you oversee everything, you will not have anyone to look up to when you are struggling like you would have looked up to your boss in traditional jobs.
This might put you in a difficult spot when you are feeling a bit down. During this time, you might struggle with completing your work properly. You might want to find a way that you can use to motivate yourself before you choose to work as a freelancer.
2. Lack of Consistency
This is one of the most important downsides of freelancing. As a freelancer, you will work with many clients, each has a different mentality and different requirements. Also, the work rate can change depending on the client’s standard. They can suddenly drop you from the project, or increase the work standard that they want from you.
This can become quite problematic for many people. But those who adapt to these inconsistencies will thrive in the long run.
3. Lack of job Benefits
When you are working for some company, you will usually have access to job perks like retirement plans, company-provided health care, paid time off, etc. But if you work as a freelancer, you will miss out on these perks, as you are not part of any company.
This can be quite problematic, especially if live in a country that doesn’t provide any universal health care. And if so, you might want to examine all the career opportunities that are available to you very carefully before choosing to work as a freelancer.
Should You Start Freelancing in 2021?
Well, the answer to this question can vary from person to person.
Freelancing is a profession that is now acknowledged by most societies in the world. Many people used to freelance as a part-time job in the past. But more and more people are choosing freelancing as their full-time job in recent years.
Freelancing does offer lucrative earning opportunities and there are lots of jobs from which you can pick one that is perfect for you.
So, if you are sick of traditional jobs, and want to take control of your work life, freelancing might be the solution to your problem.
But before you choose this profession in 2021, you must be highly motivated, have marketable skills, and at the same time have a lot of patience. Otherwise, you might not be able to survive in the world of freelancing.
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Freelancing offers you an opportunity to become your own boss and at the same time a very lucrative earning opportunity.
In 2021, more companies are working with freelancers than ever before. And the demand for freelancers will keep on growing in the upcoming days. So, this might be a good time to start your journey as a freelancer.
I hope that this article “Is freelancing worth it in 2021?” was of some help to you. Thank you for going through the entire article. And good luck with your future endeavors!