Pros And Cons Of Freelancing

As a society, we have been immersed in a new age of work that is more project focused and independent than ever.

Thanks to the advent of the internet, there have been more job opportunities, online freelancing is one of them. In exchange for job satisfaction and freedom, more people are shifting from the traditional nine to five types of work environments.

However, choosing to do freelance work is a very personal choice. Therefore, having full understanding of what it means to be a freelancer as well as considering the pros and cons of freelancing can help guide you in making the right choice. Here are some of the pros and cons of freelancing.

Pros

Entertainment Personal Time

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Earn According To Work

In order to make more money, you will have to increase your output.

A plethora of traditional jobs require one to work extra time in the office.

The downside of this though is that you may not benefit financially from those extra hours you put in.

The advantage of doing freelancing work is that for most gigs your salary is based on the hours you work or according to output.

This means that you will be getting money for the work that you do.

Therefore, in order to make more money, you will have to increase your output.

Portable Office

For example, there are many café’s and local coffee shops that offer Wi-Fi connection.

The beauty of being a freelancer is that you get to take your work everywhere with you. That is if you use a laptop to work and you enjoy different settings.

For example, there are many café’s and local coffee shops that offer Wi-Fi connection.

Additionally, when you are a freelancer, you don’t have to restrict your travelling because you can work at any time and from anywhere.

Freedom Of Clients

Freelancers have the opportunity of working with different clients or platforms thus allowing them the chance to interact with different types of work as well as different clientele.

Freelancing also allows you the luxury of choosing who you want to work with.

Cons

Cash flow is one of the issues.

Issues With Cash Flow

Cash flow is one of the more worrisome issues when it comes to the cons of freelancing.

As a freelancer, you not only need to set your own fees to meet your income as well as the needs of your clients, but it is also your responsibility to collect the payment.

Unfortunately, one of the common problem that many freelancers face is clients or customers who do not pay up after the service has been rendered.

To get paid, you may have to wait for some time after completing a job.

Non-Permanent Income

One of the most common complaint among freelancers is the lack of a fixed income coming into their account every month.

Keep in mind that your income is dependent on the work you will be able to secure from clients or freelancing platforms.

Therefore, the payment schedule will never be the same among all your clients.

To get paid, you may have to wait for some time after completing a job. The solution here is to source for reliable clients or websites or that offer monthly payments.

Distractions

Working from home can be excruciatingly distracting since there is no one to monitor what you’re doing, as a result, you may not be as productive as you would in an office.

This means that the quality of your work may suffer sometimes. Therefore, you need to be really disciplined when freelancing.

If you live with others, it will be wise to let them know your working hours thus allowing them to give you privacy.

If you are easily distracted by your surroundings, try working from a coffee shop or library.

For you to be a successful freelancer, you need to have excellent time management skills and a high level of commitment as well as the capability to manage a personal business since you will be your own boss.

Opportunity

Making money online or through the internet is something which has become very popular in recent years. There are many reasons behind the boom of this concept and today more and more people are moving towards it. People are happy working from their homes and earning easy money.