There’s this notion that freelancing is the golden ticket to financial and professional independence. And why not? Who could resist the perks of zero commute and working in pajamas? Not to mention the absence of a boss that breathes down your neck at every opportunity. You have complete control of the workload and the working hours. You are virtually your own boss.
But let’s be real. Freelancing is not for everybody.
It’s for people who can endure fluctuations in income (at least in the short term). There are periods where you earn a huge income and there are times when you earn nothing. If this scenario keeps you awake at night, then freelancing is not the right career path for you.
But if you have the nerves of steel and you have a clear grasp of the long-term benefits of freelancing, you can have a successful and fulfilling career.
Not convinced? Here are five reasons why freelancing can be a worthwhile career choice:
1. Flexibility. You get to choose the type of projects and you can work around a schedule that fits your lifestyle. This makes it easier to manage workload and strike a balance between personal and professional life. You can also set the price for the projects based on the level of difficulty, which allows you to earn more.
2. High Demand for Skilled People. Freelancers are highly skilled individuals. They are the people who design websites, write articles, do taxes, balance books, do translations, and transcribe content, among other things. If you are one of these people, you’re guaranteed that there will always be projects for you to work on. Hiring a team of freelancers is a growing trend that many companies are now embracing.
3. You Keep the Profits. You earn what you think the job is worth and you get to keep it all. Since you deal directly with clients, you get rid of the middleman that cuts into your profit. You have more disposable income and you can funnel it back to your business.
4. No Stressful Commutes. Most freelancers work from home in their home office with no dress code. It’s easy to dismiss this as a minor benefit, but studies have shown that a 10-minute commute can have a negative effect on one’s health and overall well-being. With zero commute, you are likely to add more years to your life.
5. Repeat Business. If you do excellent work that exceeds expectations, clients will want to do business with you over and over again. You’ll be able to build a lasting business relationship that could sustain your freelance career.
Freelancing has its pros and cons, but if you are committed and determined to succeed, you’ll find that the pros far outweigh the cons and it's easy to see that the possibilities are endless.
If you are looking to start a freelance career, why not try transcription? It has low startup cost and we provide the necessary training. If you think you have what it takes to succeed, contact us.