Wednesday, 24 July 2013

Why Don't you be a Freelancer...

What is Freelancer:

freelancer or (freelance worker) is a self-employed person working in a profession or trade. Instead of being employed by a specific company, freelancers contract out their talent. Before, there were only a few specific jobs offered in a freelance capacity.“Now we’re seeing a really big broadening across occupations and industries. Freelancers can be found in all fields — writing, photography, consultants, and many others.

Advantages of being a freelancer:

Flexible Hours –People who prefer to work very late or begin very early have the freedom to do so, instead of conforming to office hours. Many freelancers feel that they have more time to work if they aren't required to commute or sit in staff meetings. The first advantage of becoming a freelancer is that you can work whenever you want. You get to choose your own hours. If you want to sleep in until noon, you can do that. If you want to take the weekend off so you can explore the city, by all means, go for it. As a freelancer, you can actually work during your most productive hours, and those hours don’t have to fall in during regular business hours.

Working on a variety of projects offers a diversification of skills and exposure to different people. Self-starting and the ability to choose projects also gives them more ownership over their careers, rather than working on someone else’s terms. Plus, freelancing typically offers flexibility of location and schedule.

you can choose to work wherever you want, whether you choose to work in a local coffee shop or while you’re on vacation in Europe.  You are no longer stuck in an office or even in your home. Find a place in which you work best. You could work in a park, at the library, or in your living room

When you work for someone else, you don’t get a choice of who you work with. You can become stuck with unprofessional or rude clients. But, when you’re a freelancer, you can choose with whom you work. As a freelancer, you can choose the clients you wish to work with and the projects on which you work, particularly if you have an excess of work. You can drop high maintenance or slow-paying clients or turn down undesirable projects if you desire.

You’re the Boss – You no longer have to answer to anyone but your clients and yourself. You are free to do as you please, when you please. Making all the tough decisions just became your responsibility; you have all the control.Freelancers get to be their own bosses.

You Keep All the Profits – No longer do you have to work for a flat rate, no matter how large the projects are  you complete. Now, you get to allocate or keep all the profits from your large and small projects and clients. This gives you the freedom to then use that money to improve yourself and expand your business

Few are crucial areas where now-a-days freelancing is widely in Progress..

Webpage design- This is a growing field, and many small businesses and organisations do not have a professional staff to handle their webpages. Since websites are often updated regularly, you may find that you can get a continuing contract with several "regular customers" to keep you busy.

Data gathering- This is a broad, loosely defined activity, but usually involves collecting data for businesses to use in addressing their customer needs and preferences, or for looking for new products or suppliers for their existing customer base.

Consulting- Many businesses or individuals hire consultants to investigate issues of interest, whether in personnel or project management, property oversight, efficiency, or for decorating, shopping, even style and fashion.

Limitations of being a freelancer:

The benefits of freelancing are many: better work-life balance, the ability to choose your work hours and clients and unlimited income potential. However, launching a freelance or virtual business requires careful planning and preparation. Before you make the transition from full-time employee to freelancer, you should be aware of the pitfalls of self-employment.

Health insurance is a problem for freelancers. Many people get their health insurance from their job. It is easier to get a good policy if you are one of a large group, and employers tend to cover not only their employees but also the employees' spouses and children. Freelancers, however, usually have to find their own health insurance

One freelancer may find that she has enough work to keep her happy and wealthy while another may find the work coming in very slowly.

Whether the advantages or disadvantages of freelancing will be stronger depends upon a person's personality, family situation, skills, field, and money management. Freelancing means professional freedom, but it also means instability and the risk of failure. And that may not be what you need in your professional life. But if you risk your stability for something more in tune with your professional goals than a traditional job, you have the opportunity to build your name and reputation and reach your professional goals.

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