Freelancing has been growing exponentially over the past few years. The growth will continue in 2022, and the freelance economy is expected to be 20% of the world's workforce by that point. Freelancers are seeing all the perks: they're paid on time, they can work from home, and they get to do a job they love at times. But is working as a is freelance worth it in 2022?
Is freelancing worth it in 2022
According to the Freelancing in America report, by 2027, half of the entire American workforce is expected to be freelancing.
Freelancing is a good career choice. As you might have guessed, I believe that freelancing is a good career choice because it offers many benefits over traditional employment. Here are some reasons why:
Freelance workers can be more flexible in their schedules and jobs.
Freelance workers can get a more significant portion of their profits from work than employees do from their employers.
Freelance workers may find their work more rewarding than working for someone else's business or cause.
Freelancers are very optimistic about the future.
Freelancers are incredibly optimistic about their own futures. They have higher confidence at the end of freelancing than the average American worker, according to the Freelancers Union's survey of 1,000 self-employed workers in the U.S., And they're also optimistic about the economy.
Nearly three-quarters (73%) of freelancers think that their company will grow over the next two years; even more believe that their business will be profitable this year (85%), up from 83% last year and 71% in 2017.
Freelancers are more satisfied.
Freelancers are more satisfied with their work/life balance and work environment, according to a survey from the Freelancers Union.
The organization surveyed over 7,000 full-time freelancers in the U.S., about half of whom were women and two-thirds between 18 and 60 years old. The results showed that 75% of those surveyed said they felt more satisfied with their jobs than those employed by companies.
They also reported higher levels of satisfaction with their work/life balance and lower rates of job dissatisfaction (33%) compared to employees (51%).
Freelancers are more open to learning new technologies.
Freelancers can work anywhere and on a variety of projects. Because of this, they are more likely to use new technologies that might not be available in their current location. For example, a freelancer can potentially use payments through cryptocurrency or peer-to-peer lending platforms more than an employee who works at a traditional office job.
Freelancers are also more willing to learn new technologies when they encounter problems because they know they won't always be using the same tools every day (for example, if you're taking care of your mom).
So if one device isn't working correctly for whatever reason - whether it's software or hardware - you'll need something else that works better instead!
There's a growing demand for freelancers.
As the freelance economy grows, more and more people want to be a part of it. The demand for freelancers is rising with the number of companies that value their unique skill sets.
Freelancing can be fun when you choose your own hours and schedule. Because freelancers have more flexibility than traditional workers, they have an advantage over people who work in an office setting or as employees at any company.
Freelancers also don't need to worry about booking time off because they're not on call 24/7; they can take time off whenever they see fit!
Freelancers make equal or more money than traditional workers.
As you can see from the chart above, freelancers make anywhere from $5 to $13 more per hour than traditional workers. That's not a lot of money, but it's enough to make up for the fact that they don't have benefits or paid vacation time.
But wait! There's more! It turns out that freelancers earn less than traditional workers in only one category: retail salespeople. There was no difference between freelance and non-freelance wages in every other field where data was collected.
So if you're thinking about being a freelance accountant or lawyer, don't worry—you'll be making just as much money as your traditional counterparts (and probably getting sick less often).
The future of freelancing is looking bright, and it can have many benefits.
The future of freelancing is looking bright, and it can have many benefits. Freelancers are more satisfied with their work, tend to be more open to learning new technologies, make equal or more money than traditional workers, and have a growing demand for them.
This makes sense: freelancers are generally optimistic about the future and enjoy their independence from a 9-5 job.
For example, 71% of freelance writers say that they feel accepted by society compared to only 36% of traditional writers who work full-time for one employer (according to Upwork).
Most people are also willing to pay higher wages for experienced professionals who do good quality work than, junior employees from large companies may be unable to complete tasks due to inexperience or lack of motivation.
Freelancing is worth it. You'll get the chance to connect with a lot of great clients and end up doing tons of awesome projects, as well as make a great amount of money. While it does take a lot more work than having a stable and set full-time job, the success that comes hand in hand makes it all worth it. So if you're looking to try freelesting in 2022, I would absolutely recommend giving it a shot. The worst case scenario is you had some fun and made some connections while the best case scenario is that you can begin building yourself a career and brand overnight.