Freelancing is the future of work; it has become more normal than a full-time job. Many college students, homemakers, and freshers consider freelancing to make money online. Freelancing gives flexibility, scalability, and the opportunity to learn and generate passive money with age.
However, there are still many controversies on “does freelancing have a future”, “is freelancing a good career option”, etc. In this article, we will try to understand the future of freelancing across the world as countries’ economies are getting more globalized.
You must know both working models “freelancing” and “full-time job” have some pros and cons. It’s up to you which mode of working you choose to make money and make a good living.
5 Reasons Why Freelancing Is The Future
#1. Technology Growth
The growth of technology will directly impact the future of freelancing. Many business owners keep finding new tech solutions to decrease their cost of business operation. And they also hire a temporary workforce to save some money from expenses. Most freelancers are used to using many digital platforms and the latest tech.
They have to connect with prospects practically to have good communication and clear talk about the aspiring or current projects. Hence, with the growth of technology, remote working and freelancing will become more accessible and productive.
#2. Freedom to Work from Anywhere
Many employees have forgotten their freedom in terms of living their life. They do 9 to 5 jobs, spend 3–4 hours travelling, and 7–8 hours sleep. And they get 4–5 hours to spend with their family members and friends. However, freelancing professionals can work from anywhere and at any time.
They have the option to talk with family and friends and stay mentally healthy. So, people are more likely to have freedom in finance and stable personal life. In that case, more people will prefer opting for work from home culture or freelance jobs.
Freelancing is a cost-effective option for both employers and employees. The employers only need to pay on a per-project basis; they do not need to fulfil other professional requirements. They do not contribute to health insurance, office sitting expenses, provident fund and other benefits. Hence, employers can have a good opportunity to save a significant amount and invest that in more relevant business operations.
If we talk about the freelancers or employees who opt for freelancing, they can save money on travelling, outside meals, clothing, and other things. They need to have a laptop or a PC with a good internet connection. They can work with as many companies as they want to and increase their monthly earnings.
#4. Reduction in the Gender Gap
It might be not so common now, but earlier used to see a gender gap between men and women. Companies used to pay more salary to men employees than women or vice versa. However, freelancing can be a proper solution because employers do not care about anything other than the result.
And many reports have also suggested most freelancers charge similar charges based on their experience and skill set. Hence, it can be said; that freelancing has a strong future because it reduces the gender gap.
#5. Ownership of Work
Freelancing can provide more ownership to work and working hours among professionals. Because freelancers have to manage their time, create work schedules, manage invoices, call clients, and do other short things. Hence, here they can have an edge in having better work and life balance compared to a full-time employee.
Full-time employees have also started working in a hybrid work culture, where they work from home and the office on alternate days. Here they also have a good work-life culture and a good sense of maintaining ownership in work.
A 9 to 5 job or full time comes with every employee’s condition to follow. Employees have to work under the top management and the company. Hence, they can maintain a workflow and work under many restrictions. However, freelancing comes with flexibility and freedom, and here freelancers can refuse to work on the project if they do not want to. Moreover, the trend is changing; many youngsters have started working as freelancers and generating good money.
You can consider freelancing if you also have passion, relevant skills, experience, and self-analysis skills. And you can learn about the best freelance websites to find out the best paying freelance job for you. However, you should remember that both jobs have some advantages and limitations. In freelancing, you do not get any other benefit than the project amount you quoted. If you need additional benefits and can work under another, a 9 to 5 job can be suitable.