Freelance, or just freelancer, are very specific terms used for an individual who is self-employed, usually not committed to any single employer for the very long term. Freelancers are individuals who make their living through the sale of their skills, their solutions or their services. The word ‘freelancer’ was coined from the French word ‘froideau’, which meant ‘all work done’. In recent years, the word has come to mean ‘personalised service’ or ‘indulgence’.
There are many ways to describe freelancing; it can be as part-time, full-time, independent contractor, contract or affiliate. It can also be done part-time and freelancing work can also be done as a means of making a living on the Internet. Most of the work done in freelancing depends upon the skills and abilities of the independent contractor. Certain common work categories are as follows:
The gig economy is one of the best-understood concepts of the modern era. According to the gig economy, freelancing has emerged as the dominant mode of work in coming years. The gig economy includes work as a freelancer for other freelancers, working for one company exclusively through another freelancer, or freelancing with a small team of freelancers. In fact, there are many who describe the work done as freelance job. These are the individuals who create a profile as well as market themselves in order to bring in regular work.
With freelancing, there is the flexibility of working on your own terms. You get to decide how much you will get paid. You can take as much work as you can – this is very appealing to freelancers who do not like fixed incomes. Freelancing can also give you the chance to have a global perspective as you can cater to clients across the globe. This helps you develop contacts that may lead to better opportunities in the future. Another advantage of freelancing is that you do not have to register for professional licenses as you would need to when working with established companies.
One challenge that freelancers may face in the upcoming years is job insecurity. The gig economy is not here to stay and many individuals are losing their jobs due to downsizing. Others simply quit because they are not getting paid as well as they were in the past. This has resulted to fewer freelancers coming up with projects. The result is that people are not getting the quality of work they want and this can negatively affect both freelancing and the economy at large.
The gig economy will not be able to last if there are less freelancers coming up with freelance jobs. In addition, more freelancers are likely to hire freelancers on a per project basis rather than a per project basis. This is a good thing for the freelancer since he can focus on delivering projects on time. The gig economy may help the freelancing industry grow, but if the freelancers are not careful, it can also take the entrepreneurial spirit away from them.
Flexible work is another problem for freelancers. Many freelancers work on short-term contracts for different companies. These contracts are generally for two weeks or for some months. This means that the contract does not provide for long term projects. There are other freelancers that work on long term contracts that work for six months to one year. These contracts are also more difficult to organize.
The gig economy has caused many challenges for freelancers and the gig economy will not be able to last forever. Many companies will eventually become unprofitable and will be forced out of business. Lenders are becoming more strict about lending money to freelancers and this could cause a slowdown in freelancing in the future. If you are currently freelancing, you need to consider how your skills can benefit you and your clients. The bottom line is to keep providing great services for your clients.