Everything You Need to Know About Working as a Freelancer

Are you a freelancer or thinking about getting into it? Here are a few statistics about the options available to you, as well as the pros and cons of freelancing, provided by Survey Bee.

Freelancing: the facts

  • More than half (57%) of freelancers find a new project online within 3 days.
  • Self-employed workers tend to work either longer (>45hours) or shorter hours (<8hours) than regular employees.
  • $930 million are spent by businesses each year to hire remote workers.

The 5 types of freelancers

  • Independent contractors: Their work is project-based, however, they do not have an employer.
  • Moonlighters: They do freelance work in addition to their day job.
  • Diversified workers: They have various sources of employment, mixing traditional jobs with freelance.
  • Temporary workers: Their work is project-based, but they have a single temporary employer.
  • Freelance business owners: They may have hired a small team, but still consider themselves freelancers.

What are the advantages of freelancing?

  • You are your own boss.
  • You have the flexibility or working when you want, from where you want.
  • You save time and money but not commuting.

What are the disadvantages of freelancing?

  • No steady or reliable workload.
  • You can easily become distracted or isolated when working from home.
  • You don’t get employee benefits or perks.

What are the biggest challenges of a freelancer?

  • Finding new clients.
  • Project management.
  • Managing legal and accounting matters.

Top tips for succeeding as a freelancer:

  • You are your own company, so you must understand the basics of sales, marketing, accounting, and business.
  • Networking is essential for getting your name out there and finding work. You can start with social media and a website.
  • Communication is key. It’s important to get personal with customers and build good relationships.

Find out more in the infographic below.


[Image Credit: Shutterstock]

By Sophie Deering