Freelancing can simply be defined as selling your own Skills and Expertise without connection to some Company with full freedom to choose what, who, and how you want to work. In short, Freelancing is making money with your own Skills. Freelancing is ideal if the concept of working for yourself resonates with you. Also if you have marketable Skills which are frequently in demand.
Freelancing is one of the Quickest ways to begin earning Online. This is especially helpful if you have a common Formal or Artistic skill set like writing, graphic designing, or technical skills like website development & programming etc. However, if you do not have such skills, still there are countless options for you in Freelancing sites.
Review the following list of the Pros and Cons of Freelancing, so that you can decide whether this Path is Right for you or not.
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PROS OF FREELANCING
LOW COST STARTUP
Freelancing is one of the lowest cost entry points. There are ways to literally get up and running with little to no money out of your pocket upfront.
MARKET IS MASSIVE AND GROWING
More than 53 million Americans are doing freelance work, according to a new, landmark survey conducted by the independent research firm Edelman Berland and commissioned by Freelancers Union and Elance-oDesk. That’s 34 percent of the entire workforce.
CHOOSE WHEN YOU WORK
You get to be in full control of your schedule. Do you only want to work 7 a.m. to 10 a.m. every day? Do you only work on Tuesdays and Thursdays? As a freelancer, you can set the schedule that works for you and honors the commitments you make to your client.
CONS OF FREELANCING
Unless you add a recurring model that makes sense into your freelancing business, your income can be very inconsistent—especially when you’re first starting out. Sometimes the work is steady, but oftentimes you end up in cycles of what feels like feast or famine.
YOU ARE THE LABOR
Your monetization is completely dependent on you doing the work. When you freelance, you’re selling your own services. So if you decide to go on vacation, or take time off, your income stops.
NO TRADITIONAL BENEFITS
When you freelance, it doesn’t come with health insurance, a 401(k), or an HR department to help settle personnel disputes.
As a freelancer, you get all the pros but you also get all the cons. Regardless of whether your journey is pleasant or difficult or a little of both, you get all the ups and all the downs. You get to live the dream of being your own boss.
If you have any other ideas about Pros and Cons of Online Freelancing Business, do Share them with us. You can post comments to add more informative value to this subject. Your Input is Much Appreciated.
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