WHY FREELANCING IS THE FUTURE OF JOBS

Job methods are always upgrading and changing due to inventions and innovations. Global companies also changed the way of taking work from employees. How people worked in the old days, Companies would hire somebody that you’d work for them for 20 or 30 years and you retire with a pension, you may have one or two careers or jobs in a lifetime.

Now companies are not so loyal, the average 40-year-old generally has 10 jobs, and 12 to 15 jobs on average in a lifetime. In this blog we try to learn why freelancing is the future of work:

Statistics say that by 2027 over half of the workforce is going to be either independent consultants or freelancers, so freelancers, on the whole, are better prepared for the future than their counterparts. 

These changes to the work landscape impact all industries, like retail, manufacturing, white-collar, blue-collar, and a whole range of creative professional industries, so you are not immune to these changes by any means. Toptal.com a prominent marketplace also published a research article ‘‘Work As We Knew It Is Ending. 

So, let’s jump into some reasons why freelancing is a future of jobs:-

01. Comfortable

There’s more money to be made in freelancing than ever people are feeling more comfortable, leaving their full-time employment to freelance more. 

why are people willing and comfortable to leave their full-time jobs, companies are hiring more freelancers than ever, and companies are trying to keep their costs low by reducing their full-time headcount, and the full-time people they have on staff that way they don’t have to pay healthcare, they don’t to pay benefits and they can flex their workforce up and down as needed.

Wall Street likes it and it also enables them to be competitive in the global marketplace

what that means for freelancers is there’s more work for freelancers and it’s easier to make a living freelancing than it ever has been before.

02. Rapid Change

Freelancers are better at recognizing and are better prepared for the future and changes in the marketplace. Change means new things so new Train in business, new skillsets, new industries, and innovations coming along coming down the pike all the time. 

Mostly Freelancers tend to keep in contact with each other and stay very up-to-date on what’s happening and changing in the marketplace. Full-time employees sometimes get comfortable and complacent in their jobs and don’t keep their eyes open as to what’s happening in the marketplace as much as freelancers do.

Freelancers seem to know what’s coming, they know that they have to pay attention, and they know they have to prepare for the future. Full-time workers sometimes come to a rude awakening when they get laid off or when they’re downsized.

03. Less Impact By AI

Freelancing may be less impacted by AI, Fast Company says that 50% of freelancers already are seeing the impacts of AI in the workforce. The founder of LinkedIn has said that he thinks that freelancers are better prepared for the threat of AI than full-time employees. 

An AI is affecting design, it’s affecting the creative professions, just look at Envato templates or canvas haiku deck or Adobe spark or Krell oh or relay all of these applications are very plug and play just like template websites are but for graphic design, so that kind of artificial design capability is affecting our industry. 

Artificial intelligence as it gets more adept at doing those things, it’s going to be eating more and more into our generalized skillset, one of the reasons why freelancers are going to be less impacted by AI or that they are in direct contact with the companies that they work for.

They work on people-to-people relationships, they build networked relationships and they communicate with people, they build a skill set, and they build a knowledge base, that’s based around relationships.

AI does not work in relationships. AI won’t be able to replace my human expertise for consulting, and won’t be able to replace my eye for discovery, my eye for competitive analysis, or strategy. AI can’t do that, AI can’t build relationships, it can’t network freelancers, in general, are on the cutting edge of these types of trends, freelancers know how to adjust to succeed. 

AI is also suitable for freelancers because they take more advantage of AI than others to complete their tasks.

04. Less Risky

Freelancing spreads your risk just like investing in index funds where you buy a broad range of companies and that mitigates the risk of any one company failing. freelancing spreads your risk because when you freelance you work with a broad range of companies, and diverse numbers of clients I prescribe individuals attempt to work in an expansive scope of classes.

So they could work in energy or customer bundled products or they can work in protection or quite a few enterprises. however not work in only one since that mitigates your gamble of anyone’s classification or industry. 

Going into a downturn and you getting heavily affected by it, freelancing also forces constant learning to stay up to date on technologies, systems, and processes in your industry whether that is an entrepreneur or creative professional.

It also forces you to improve and constantly grow your range of skill sets so you become less of a specialist and more of a kind of Swiss Army knife which again mitigates your risk. 

Our full-time working counterparts are putting all their eggs in one basket, they’re working for one company and if that category of that company or that company itself takes a hit and that basket falls their eggs can get broken, they could get laid off, they can get fired, the company could go down when you freelance you’re spreading that risk across industries and companies.

05. Like a Brand

Probably the most important one when you freelance your brand. Freelancers are building their brands, you own you, no one else does, and no one can take that away from you, so all of the work that you put into your practice and put into your relationships and put into your clients stay with you, get the benefits of it.

You’re not giving those benefits up to another company, you are building your equity, not building the equity of another company, no layoff, no market crash, no downturn, or no organizational shake-up can take that away from you, no one can lay you off from you, clients can fire you hope it hasn’t happened too often but there’s always more clients out there.

06. Job Freedom and Flexibility

Job freedom and flexibility. Most people hunting that nine-to-five life job only for job security, that is such nonsense because 2020 has taught us anything is that there is no such thing as job security, just like that your stable position could be deemed unessential, and you could be laid off, your business closed. 

And then you’re left sitting there wondering what do I do now? But when you’re a freelancer, you work for yourself which means you can never really be laid off or let go because you are in complete control of your workload, how many clients you have, how much you charge, and what skills you can learn. 

This job freedom and flexibility are life-changing. So while freelancing might not give you job security in that traditional biweekly paycheck for the same amount sense, it does give you the freedom to work with as many clients as you want to at the hours you choose from anywhere in the world. 

It’s like diversifying your paycheck portfolio. Multiple streams of income are the secret to security.

07. Easy with Tech

Technology makes your freelance business a breeze. All of the tech advancements and innovations that we’re seeing in the workforce are pulling society away from that corporate style of conferences and meetings and going towards digital meetings and communications which favor freelancers. 

Businesses are not generally restricted to finding employees simply in their neighborhoods. Now they can employ experts and specialists from anywhere in the world which makes a lot of sense for businesses because it opens up their options for hiring the best talent they can find. 

And thanks to tools like Zoom, Skype, Asana, Slack, FreshBooks, Stripe, TransferWise, and so many more, the online work environment has been streamlined and optimized for freelancer success. 

These kinds of tools make it effortless for a freelancer to communicate, manage, and get payments from clients all around the world.

08. A better work/life balance. So for a long time, people had to choose, Family or work, a good career or traveling the world, a high income, or doing something that brings joy. 

For a long time, it wasn’t possible or not easy to have the best of both worlds, but freelancing is. Freelancing bridges the gap between having a stable income and being able to spend more time with your family, travel the world, or do what you love because it can be done from any place you pick and at whatever point you pick. 

So for example, the new mom who wants to spend all day with her baby can still earn money by working during naps and after bedtime. All of this drastically improves the quality of life for those that exchange the daily grind for freelancing freedom.

So I hope you are convinced at this point that freelancing is the future.