A freelancer offers goods or services independently without a long term contract. There is no affiliation to a company or organization and it mostly a form of self- employment. Development and technological advances have contributed greatly to this emergent lifestyle..
Choice of work and clients
If you are under employment, you have no choice of which tasks you have to accomplish and with whom. In freelancing, it is the complete opposite;
- You pick the choice of work you see best suited to your skills.
- You also get choice of the work load you have to tackle and don’t have to over work yourself.
If necessary you can take on two or more clients at the same time.
You can work from anywhere
Another main advantage of being a freelancer is you do not need an office. You can be working at a coffee shop, bus station or even at the comfort of your office. You have the ability to work independently without being hindered by limitations of an office. Limitations to you maximum use of such a space may be office chatter or gossip or dress codes. Consider that before you settle on your decision to be a freelancer.
Better time management
The joy of being self-employed helps you manage your time better. You have the liberty to take a break whenever you wish. A freelancer is not bound by time like in a normal working space. You can work at night or when it is convenient for you. This gives you more time to spare to spend with family or partake in your favorite hobby.
Your Ability to Freelance is an asset
Freelancing being a profit making business venture makes it a very valuable asset. Not only do you make money off the services rendered, you can choose to sell your client base or account in the future.
With all these perks coming with freelancing, it is easy to see why everybody wants to be a freelancer. There are a few things to consider when joining this industry. The freelancing rule book varies depending on the niche where your skills are applied. While there is no single guide to being a successful freelancer, there are a few industry dos and don’ts.
General Freelancing Guidelines
- Have a vision of what you want and how to achieve it. Your vision should be realistic and should have a time frame from start to conclusion.
- Learn the market you want. Do some research on the field that interests you. It helps you understand the pricing, your competition and what is expected.
- Choose your first clients very carefully. They play a very important role of defining the future of your business. The basic rules and guides of customer service and customer experience apply even to freelancers.
- Manage your time properly. You might get carried away by the freedoms that accompany freelancing and forget to meet your deadlines. This affects your ratings and your business in future.
Why Freelancing is not all Roses
There is a lot to enjoy about being a freelancer. However, there are some drawbacks you might encounter in your freelance business dealings. Some of the threats and challenges to look out for are;
Fluctuations of workloads
With freelancing, jobs come and go. You are not guaranteed a reliable customer base that is constant. You have to find a balance to keep up production and also to sustain yourself when the season is low. Varying workloads mean varying profits for a freelancer.
Since you are the sole owner of your freelancing business, in case you make a loss, it is all yours. You have full responsibility and no one to share losses or liabilities with. Sometimes clients may make payments late or not at all.
Building a good client base is quite hard. It takes a lot of time and dedication to earn their trust fully. After earning it, it is even harder to maintain. Freelancing is a business that needs a lot of patience for it to pay.