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Top 20 Reasons Freelancing is a Lucrative Career Option

Top 20 Reasons Freelancing is a Lucrative Career Option

6/10/2021 10:34:18 AM

The professional landscape is a dynamic one that has undergone a complete transformation from what it was five decades ago. Back then, a typical employee would work in one or two companies in an entire lifetime and retire anywhere around age 60 with a pension. However, the current scene is nowhere recognizable with the bygone era, and the advent of the digital age has encouraged a work culture that is alien to those times.

The modern professional world is offering numerous unconventional ways to earn money and even make a lucrative career. One such opportunity is freelancing, and it’s a leading one among the most rewarding career options in the contemporary world.

Irrespective of whether you are hiring or getting hired, there’s enough evidence to support the fact that freelancing as a career is here to stay. And, with companies looking to outsource more work and do away with the expenses of hiring full-time employees, freelancing is a highly desirable profession that is expected to grow exponentially.

While it’s an exciting profession, it’s equally challenging with the cut-throat competition that demands a positive attitude, self-discipline, creativity, and exemplary interpersonal skills to excel.

If you still have your doubts or want to know more about the benefits of freelancing, here are the top 20 reasons that make freelancing a great career choice, provided you have the right mindset.

You’re your own boss

This is perhaps the number one reason to venture into freelancing since there’s no control-freak management to tolerate. You’re the master of your vehicle, including the CEO, director, and financial manager of your ship. That gives a euphoric feeling of control.

Location independence

You have the freedom to work from anywhere you go. You can work from home, head to a café, a coworking space, or even work from your friend’s place. That’s not all. You can travel to your favorite destination and keep track of your project commitments while enjoying a vacation.

Kick the Monday morning blues

You decide to plan your working days and hours, and you can also do away with Monday morning blues. As long as you’re in control of your projects and deadlines, you can choose the days to work while going easy on other days.

No more office politics

Office politics is a horrible experience and can drain you mentally and emotionally. It’s the worst habit of employees to indulge in, and annoying colleagues only add to the misery. You also find yourself caught between your manager and your co-workers.

You can choose your clients and projects

Freelancing empowers you to pick your clients and projects, of course, once you’re established. You no longer have to deal with projects forced on you as it happens in the workplace, and you can work on those you’re interested in and on projects that add value to your portfolio.

Lead a healthier lifestyle

You can dedicate ample time to take care of your health and choose to go to the gym, jogging, or cycling whenever you like. There's enough time to cook and eat healthier meals and maintain a perfect work-life balance. You have more personal time to improve the quality of your life.

No dress codes

It’s always an advantage to be in the attire you’re comfortable with. While dressing up smart and formal is a pleasure, wearing it daily can be a burden. And, wearing a suit for several occasions in a row can get overwhelming. Working in informal attire or casual clothing is a true blessing.

Better opportunity for advancement

One of the benefits of freelancer jobs is the opportunity to work hard and smartly and hone your skills to start earning big. You can work on multiple projects as long as you have the bandwidth and advance your career quickly, unlike the obstacles you find in typical jobs.

Chance to become an entrepreneur

Once you start earning exceptionally well, and continue for a considerable period, you can expand your venture into a limited company. You can acquire more projects and hire a team to perform on a larger scale.

Most freelancers still have jobs

During times of recession or the diminishing job market, job loss is common and can leave you in the lurch. However, freelancing is a field where projects continue to flow, though they may get slow temporarily.

There’s more security

While this statement seems ridiculous, it makes sense where the job market is going through turbulent times frequently. Moreover, no job is ever safe in the modern world, and in freelancing, you get to decide how you survive.

Learn the art of networking better

The absence of a boss at the office allows you to establish a direct connection with clients, CEOs, and other professionals from the top management. This lets you master the art of networking and makes you become a thorough professional.

You take all the credit

An office environment can cause clashes and misunderstandings while rewarding employees for projects completed. Freelancing is something you do alone, and all the hard work you do is handsomely rewarded only to you.

Kick boredom out

A typical job can become monotonous after some time and makes you feel bored with a lack of motivation. Freelancing lets you take on different projects that are exciting and keep you motivated to give your best every time.

Perform multiple tasks simultaneously

There are multiple things to work on at the same time.  It’s also an opportunity to learn new things and move ahead.

More work satisfaction

Most freelancers are content with their work due to the flexibility and freedom it provides. All benefits mentioned here lead to higher job satisfaction not found in a typical company. You don’t have to trade your cherished lifestyle for a job.

More productivity

Freelancers work fewer hours hours than to full-time job employees, which prevents them from draining their energy and motivation. This also means better productivity and enhanced results.

Less sick days

Since you’re freelancing and working with flexibility minus unwanted pressures of the corporate world, you can concentrate on your health better. This means hardly any sick days and healthier life overall.

Adapt your work to suit your lifestyle

You have the power to choose to work when your kids are at school and dedicate more time to family. You can also choose to work early in the morning and spend the rest of the day doing other tasks. If you’re a traveler, you can take your work with you.

Increased opportunity to build passive income

Freelancing is creates you a great platform to venture into other streams to make passive income. You can create a podcast series, publish a book, start online training, and do other creative things to make more money. Blogging and photography are some more options available here. 

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