Pandemic fuels in freelance growth. It’s a rise of a trillion-dollar workforce

Over 1 in 3 people in the U.S. workforce are freelancing. This number accumulates to around 59 million of the U.S workforce. Amid Pandemic, the numbers are growing quickly and more professionals are choosing to freelance than getting a full-time 9-5 job.

As people are getting accustomed to working remotely, people are beginning to live this new life style and explore better earning opportunities. The independent workforce is rapidly growing, totaling $1.2 trillion this year alone.

Not all of 59 million professionals are working as freelancer full-time. Some are still holding to their employer and their full-time jobs but 4 out of 10 are considering an independent gig-economy workforce and prefer to be their own boss. It seems like, people feel that being independent is more freedom, perhaps more secure too.

What is freelancing?

The stability in freelance work comes from the sales stream. As a freelancer, if you have a regular source of new and existing clients sending work your way – you are comfortable and do not feel a need to go for a full-time job and work for someone. It is also reported that 75% of professionals who left their full-time jobs make the same amount of money (if not more) while working as a freelancer.

It seems like the future is very bright for freelance workers. In spite of the pandemic, more people are choosing to be self-employed and working from home than at any other time in the past. It seems like, there would be considerably more freelancers added to the competition which probably demands to have more freelancer marketplaces with an increased number of projects so every freelancer can get independent contracts.

These skills professionals choosing to do freelance are very instrumental for the economy of any country because not only they are not jobless, they are making better money and empowering more people to work for them. These freelancers are actually providing more job opportunities and filling in the shoes of employees.

Success as a freelancer is predominantly dependent on the following:

  • Communication skill
  • Business development skill
  • Computer skills such as web development, software development, content writer, or any other skill in demand.

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