BECOME A FREELANCER - 4 MYTHS YOU SHOULD KNOW ABOUT



Freelancing is one of the hottest topics to date on the job front. According to Forbes, by 2020 an estimated 50% of workers will be freelancing in some capacity. Since our Salary Survey revealed that the most in-demand jobs are Digital & Interactive, Design & Creative, and Sales, more employees may be looking into freelance gigs sooner than we think. Whether it’s fashion or digital, our recruiters are always looking for top freelance contenders.

Before you jump ship, it’s important to understand what you’re getting yourself into with a career as a freelancer. More money, freedom, and growth potential are just some perks associated with life as a freelancer. However, not everything that glitters is gold so let’s crack the 4 myths about freelancing right now.
Myth 1: Business comes to you

According to our resident freelancer, Natasha Lopoukhine, a common misconception is “You hang up your shingle, and business just rolls in,” which is far from the truth. Like any other job, as a freelancer, you have to work hard to climb the ranks and incorporate the new business into your clientele base. Freelancing maybe even more challenging than a permanent position since freelancers are the only ones in control of “marketing themselves and prospecting” says Natasha.

As a freelancer, you don’t just deliver the final product and your work is done. You must actively seek new work and ensure that all your clients are happy. This is an ongoing process since the majority of freelance work comes through referrals.

If you want to avoid the uncertainty and inconsistency you can “work with a company like 24 Seven where they find the gigs for you”. Once you get acquainted with a freelance management team like we have here at 24 Seven, the idea of finding your next gig is less daunting.
Myth 2: No benefits

One of the myths that leave non-freelancers skeptical is that it is assumed you don’t get benefits. Natasha puts that rumor to rest by stating, “Well the ACA (Obamacare) has made this less of an issue”. The assumption freelancers don’t receive benefits can be a deal-breaker for employees looking to make the switch from 9-5 to freelance. Many workers considering freelance may also be looking to start a family if they haven’t already and not having benefits is quite a drawback. Luckily times are changing and who knows what the future holds. If Forbes’ prediction is right, by the year 2020 50% of the population will be freelancing.

Natasha also states that “if you work with a recruiting company like 24 Seven, you can get health benefits through them” since our freelancing positions typically include some degree of benefits, (apply to a freelance position and find out today). As you can see the idea that freelancers don’t receive benefits isn’t always the case.
Myth 3: Clients pay in a timely manner

Natasha argues that clients don’t see your invoice on how you see your invoice, “…as your paycheck. Nope – companies usually take, at the earliest, 30 days to pay an invoice”. Ouch! Not to mention, “the hard reality is that it’s more like 60-120 days”. And this doesn’t solely apply to smaller companies whose cash flow at the time doesn’t match the project’s total, this can happen with big corporations as well.

Natasha does leave us with a silver lining to the inconvenience, “If you work with a company like 24 Seven, you can count on regular paychecks – as you’re technically a 24 Seven employee”. If you are considering freelancing as a career, it would be wise to plan ahead financially so that you’re not living paycheck to paycheck since it’s not set in stone when you will actually receive compensation.
Myth 4: It’s a lonely lifestyle

Some people perceive working from home as lonely because it appears you don’t get as much social interaction as you would in an office. Natasha says, “Yes, self-employment and working from your home can feel isolating, but today there are lots of shared workspaces available (for a fee) and free spaces where freelancers congregate” like libraries, coffee shops, and cafes.

In fact, freelancing is a great way to extend your professional network by connecting with other freelancers in your area since “there are more freelancers than ever” according to Natasha and our 2016 Salary Survey. The beauty of freelancing is you have the freedom to choose.

Some freelancers choose to work from home, others prefer to come into the office. Freelancing does not have to mean that you’re exclusive to working remotely. “Some clients prefer their contractors to work on site. Again, 24 Seven has remote and on-site freelance jobs, to suit your preference,” says Natasha, which puts to rest the idea that freelancing is a lonely lifestyle.

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