Now a day, people have some ideas related to freelancing and
know how this works but when we talk about 15 or 18 years later, people don’t
know how this works and how we get money from freelancing. At this time in 2020,
All around the world people doing freelancing and make money online easily,
especially during COVID-19 when the whole world is a block and people are fired from
their jobs and small even large business are shut down. People start doing
freelancing or selling their products online and start making revenue from
online freelancing. Freelancing having both aspects pros and cons but as
compare local market business or job this is very useful and helpful for a new
generation even old generation.
In Pakistan, Hisham Sarwar a seasoned freelancer has always been
known to be an independent thinker and a risk-taker, proving his vision time
and again.
Hisham`s determination, relentless energy, motivation, and
adaptability have proved him as a true leader. His contribution towards
humanitarian causes and respect towards individuals has been exemplary.
Hisham Sarwar has also initiated a lot of projects like
https://rozgarpakistan.com/, http://www.beingguru.com/, http://truedrops.com/
to name a few. Hisham is a tech social entrepreneur by heart who wants to give
back to the community.
There are some pros:
- Compensation:
Freelancers make 45% more money than a job holder. Freelance earnings are higher than non-freelance Earnings in most countries. According to an estimate, 75% of the Remote Workers Earn around $65,000 per year. There are three ways of earning among the freelancers, where only 49% of the Freelancers earn $20-$59 per hour. The second type of freelancer is 21% which earned money 70$ or more per hour. These people are highly skilled resourced 3d modeling, Laravel web developer, e-commerce, search engine optimization, digital marketing, creative writing, CAD cam engineering, etc. third and the last type of freelancer is 15% which make 100% or more per hour named as high class.
- Work-life balance:
After compensations, work-life balance is another important perk of a Freelance career. It makes you free from the hassles of a job and you can take a break whenever you want. According to some recent survey report, only 29% of the American freelancers work 40+ hours a week. 15% of the freelancers work part-time with no job, and 5.7% of the freelancers are part-time with their regular job. Only 25% of the freelancers actually enjoy the perks of freelancing, while others have not yet explored the freedom and perks of Freelancing.
- Location:
You need good skills, passion for work, good internet speed,
and a laptop/computer to become a successful freelancer. You are free to work
from anywhere with good internet speed. If you are passionate about work, then
location becomes a number. If you are a freelancer, you are not bound to work at
any time or from any location. Most of the freelancers work on contract-based projects. Such freelancers are estimated to increase up to 30-50% in the coming
years. In the upcoming years, an employee will not be restricted to work from a
specific location because the trends of remote working are increasing. All you
need a good internet connection and a computer or laptop.
- Optimism:
Optimism means hopefulness and confidence about the future
or success of something. We have to be optimistic to become fearless.
Freelancing is the second name of freedom, which helps you in being your own
boss and improving your lifestyle. Around 79%
of freelancers are happy with the freelancing career as compared to
their previous jobs. 85%
of the freelancers are optimistic about business in the upcoming years, which
is really a high ratio of satisfaction. It is only freelancing which could
provide you with the ease to work at any time and spend time with your family,
enjoy social life and travel. The instructor was determined to become a good
freelancer and to provide job opportunities to others.
He worked hard for his aim and fulfilled his dream. Fear is
of two types:
1. Forget everything and run away (when you are
underestimating yourself).
2. Face everything and rise (standing against your fear).
- Recession-Proof:
Being a freelancer, nothing will affect you, because you are
your own boss not even the economic crisis of the country. The term layoff
means that when you are an employee of a company and due to the recession
(economic crisis) you are fired from the job. The instructor made a decision
that he will never do a job again and started working as a freelancer due to
these downsizing issues. He got out of his fear and comfort zone. He realized
that in a company the owner will never care about you, your life, and your
problems and realize your need for money. He will just care about his business.
According to the statistics, 49% of the freelancers are not affected by the ups
and downs of economic conditions. All you need is a passion for work and
determination. Many freelancers from the Middle East are working under
political, economic, and financial instability. Even many of the freelancers
are working from Indian Occupied Kashmir. The economic, financial, and
political crisis can never affect the freelancer's performance if he is
passionate to work with devotion”.
- Entrepreneurs
of the future:
You can become an entrepreneur in the future. An entrepreneur
is the one, who identifies the problem in the surroundings and brings a
solution for it. It could be a service, product, or business initiative. To
initiate any business, an investment is required. A freelancer can invest his
money to step into the entrepreneurial shoes. Today’s freelancer is an
entrepreneur of tomorrow, who will earn money by providing the solution in the
form of a service/product or business. According to a precise estimation, 71.7%
of freelancers think of them as an entrepreneur because they are trained enough
to work or to sell a product/service by themselves. They can also manage their financial issues.
With these qualities, you can be an entrepreneur of tomorrow because these are
the parameters of entrepreneurship. Money is required by an entrepreneur but to
start freelancing you do not need any money. So, to fill your entrepreneurial
shoes for tomorrow, start saving today.
Cons of freelancing
- Pessimism:
Where freelancing has various advantages, it also has some
disadvantages. Mostly, we face disadvantages when we do mistakes. It mostly
happens when we make some major blunder. Only 21% of the freelancers
claim that they were less happy with freelancing in comparison with the
traditional jobs. It is all because they were unable to manage themselves
according to the freelancing lifestyle, or they might like 9:00 am to 5:00
pm, fixed-job timings being the victim of barrier in their mind.
Freelancing promotes prosperity and self-independence. Pessimism is not a
disadvantage. Instead, it is the lack of interest and negligence. The 21%
of freelancers who were pessimistic couldn’t scarify their temporary freedom
against the benefits of freelancing. They could not adjust to their routine of
freelancing.
- The profession of freelancing may not prove to be a veritable paradise:
One must not be afraid of Freelancing. Cons occur only due to the unable of a freelancer to manage the workload and routine. Freelancing is not easy and simple. According to a blog’s statistics, 8% of the freelancers find themselves connect to the highest paying clients. 16% of the freelancers believe that freelancing platforms clients mostly prefer females over males. Only 8% of the freelancers find it hard to maintain their work-life balance by working as a freelancer. This 8% of freelancers are working with the wrong strategies, for example, they keep working on a single freelancing platform rather than trying on multiple platforms. If the freelancer is working on Fiverr, wants to target a client with a 5 lacs amount, he is absolutely wrong.
- Low Productivity:
Cons of freelancing, third topic "Low
productivity" will be discussing 7% of the freelancer complain that
working from home causes low work productivity. It means that the freelancer
becomes unmanaged and no communication with friends. His/her social interaction
gets very limited. Most of the time the problem is with the person
himself/herself. A freelancer should manage his/her work routine. Along with
these go top vacation and time routine. As a freelancer, you are your own boss
and you have to manage your routines.
- Better
Reward:
Most of the drawbacks of freelancing are proven wrong by the
freelancers as the majority of them are enjoying good health and are very
interactive in their social life. According to some statistics, around 4.4% of
the freelancers get clients who do not pay well for their work, which
discourages the remote workers. Freelancers keep looking for high paying
clients. The possible reasons due to which 4.4% are saying that they do not get
the better reward for their work, are as
follows:
• There are
beginners and are expecting too much. (If you have just started freelancing,
and
you want to become rich overnight. It’s impossible.)
• They are
not organized.
• They do
not work on themselves.
In short, be systematic and organized to get better
rewards and remember that money is only the byproduct of success.
- No Health
Security:
In foreign countries, an employee gets health insurance, but
if a person is working as a freelancer, he does not get any such benefit.
According to a survey, freelancers are not given any health security. That 4.4%
of the freelancers think that no health insurance is a drawback when it comes to
a freelancing career. The cons are mentioned by the people who are
non-organized, mismanagement or overloaded with their work. Let’s take an
example that an employee is awarded a fixed salary of $2000 but whereas in freelancing
a freelancer can earn up to $20,000. It’s almost equal to the ten months’
salary of an employee. So, in this huge amount, a freelancer can manage his/her
health concerns. Money is very important in everyone’s life. If you have the
money you can do charity as well. To earn money, you have to work hard and
prove your skills. Overcome your fears by breaking your mental barriers and
prove that you are the best in your field. So rise above your fear, competitions,
haters, and rise above your own expectations. Those people are very lucky whose
passion is their job.
- Stability:
Cons of freelancing, sixth topic "Stability" will
be discussed, there are a large number of freelancers who have not to succeed
in their goals by freelancing. These people more prefer a job over freelancing.
According to some metadata, stability in the freelancing field is still a question among 21% of the freelancers. They admit that their traditional jobs
provide them better stability as compared with freelancing. According to them,
the traditional job is a way of earning stability, even though you are
accountable to your employer, have to listen to him, and also cannot do work of
your own interest.
These employees are desperate only based on their
fears and disappointments. All of their claims are totally wrong, but if a
freelancer is organized or will manage he/she will never face this issue. There
is a cycle of three components:
1) Sales
2) Work
3) Income
When a freelancer gets a project at the beginning of the
month and the completion date is the 15th of the same month, he should again
bid on the projects during these days, so the cycle never breaks.
- Economic Ups
and Downs:
The drawbacks of freelancing, now we will be discussing the
effect of economic ups and downs of the country on a freelancer. According to
metadata, approximately 50.7% of the freelancers say that the economic situation does affect the freelancers although indirectly. A Freelancer is not
affected by the economics of a country rather the freelancer is effected by the
following four aspects:
• Portfolio
• Skill
• Business Development
• Communication
So, a freelancer must focus on the given aspects because it
directly affects the freelancer. A freelancer is not awarded or by the
country's situations rather it is affected by the performance and work.
Comments
Post a Comment