The gig economy is continuously on the rise. According to Upwork, 57.3 million people freelance in the United States, and it is estimated that there will be 86.5 million freelancers by 2027. The pandemic has accelerated the growth of the gig economy. First, it has caused more employees to work from home, allowing them to take on freelance jobs. In addition, some full-time employees were put on indefinite leave or retrenched, pushing them to take on as many short-term employment opportunities to earn a living. Also, people who aim for work-life balance opted to join the gig economy. People who are fed up with the 9-5 work and want to gain more flexibility shifted to freelance work rather than a full-time job.
There is an increasing demand for freelancers and more online opportunities are becoming available.
Taking a leap from your traditional job to go freelancing full-time may take a lot of risks so you have to understand its advantages and disadvantages.
Freelancing is rewarding but there is always the other side of the coin. Is freelancing for you? Check out challenges below and how you can overcome them.
Finding a client, especially if you’re a newbie, may be hard since competition around the world is tough. Not to mention there’s a number of countries who offer services at a more affordable cost. [Read more…]