Freelancing Definition And Benefits

In today’s world, self-employed individuals and small business holders have become crucial for contributing to national economic performance in any country. When it comes to the categories of business without employees, you can easily distinguish the freelance workers. Many people often wonder what is freelancing definition?. Freelance is one of the terms that are being used to refer to the type of workers who work on their own. Their usage is strongly associated with occupational and industry contexts.

Defining the freelance workforce:

The term freelance is used by people in a range of work settings. A freelance worker is defined as a skilled professional who neither an employer nor an employee, supplies labor on a temporary basis under a contract of services for a fee, to different range of clients.

What is freelancing?

There are many terms that are thrown around a freelancer. A common question is, Who is a freelancer and what is freelancing?

A freelancer is a person who delivers services to clients and these are not necessarily the ones that are offered to businesses. Individuals who are freelancing offer their services to clients directly without involving any third-party resources that often take a cut of the income. When it comes to the opportunities offered, nearly all kinds of services that are required by businesses are provided by freelancers. The services include graphic design, marketing, accounting, bookkeeping, project management, teaching, tutoring, virtual assistant, web designing, development, social media manager, and writing. There are some freelancers who focus on specific industries such as the real estate niche etc.

Freelancing in America:

Upwork has issued a detailed infographic explaining Freelancing stats. During 2018, approximately 56.7 million Americans were found to be involved with freelancing. Upwork, one of the world’s largest freelance marketplace has issued the most in-demand skills in q4, 2018. This was much greater than the number of Americans in 2014 which was 53 million. It has also been estimated that Americans are spending more time on freelancing as their hours on freelance work per week have increased.

In 2015, 998 million Americans were working as freelancers. This has been increased with 72 million hours per week. In 2018, 1.07 billion individuals were spending more time on freelance work. Here is an answer to a common question people often ask, What Are The Top Secrets Of Becoming a Successful Freelancer on UpWork & Guru?

Also, it has been found that more and more people are choosing to work as freelancers. The percentage has increased from 53 percent in 2014 to 61 percent in 2018. This has also revealed that people are prioritizing their lifestyle over their earnings. There is 84 percent worker who is working as full-time freelancers and 64 percent who work as full-time non-freelancers. These 5cs of freelancing can help you understand freelancing better and get started on your own.

Once people start to do freelancing things change, they become hyperconscious of how much money they are making, unlike an office job where they know that their income is fixed. Their non-working hours because as a freelancer who works from home do not measure up to the same value and it causes them to suffer from anxiety but freelancing brings them a better balance as well. According to reports, 63 percent of the individuals feel anxious about everything that needs to manage whereas 77 percent attain a better work-life balance. About 42 percent of the freelancers revealed that freelancing provides the flexibility to work which they cannot get by working under a traditional employee.

Also, when it comes to freelancing, skilled workers are valued over the ones who have formal education. About 93 percent of the skill-related college education is more helpful for freelance workers. Moreover, freelancer workers are more politically active as their participation in politics involved 34 percent non-freelancers and 53 percent full-time freelancers. With the advancement in technology, freelancing is getting a major boost. In 2018, it has been revealed that 64 percent of the freelancers found work online which is much greater than in 2014. In 2014, only 42 percent of the freelance workers were able to access the online work.

Freelance economy rise, an opportunity for everyone. It involves a great responsibility when it comes to working in the gig economy as a freelancer either it’s negotiating your pay, searching for insurance, or paying taxes. But if you are someone who loves the freedom and flexibility then freelancing is an ideal situation for becoming independent.

Written by Hisham Sarwar

That is all you ever need to know about me but let me warn you, freelancing for me is a journey, certainly not a destination :)