Why Is Freelance Business Thriving

Have you ever wondered why more and more people are working remotely? Well, the answer is simple. We live in a time when merit is valued and personal skills can be sold successfully on the market. While many people need the security a permanent position provides, others choose to sell their skills with markup and not really worry about pension or any sort of safety a traditional position in a company provides an employee with.

Besides, markets are quite different and while in Europe it's smart to have a job in a company, it may not be so in the United States. A woman in Europe may go on two-year maternity leave and still return to her career, and more importantly – pick up from where she left.

In the United States, things are a little different, so if you can open a freelance business, or work as a freelancer, professionals, including fathers, do not have to choose between financial independence and spending time with their family. It's interesting to explore the reasons why freelancers are thriving. Overall, the reasons behind freelancing being so successful include:

Somewhat better pay on a day-to-day basis
More money for the same amount of work or less
A more flexible schedule to rotate your working hours
More free time to do the things you love

1. Exchanging Social Benefits for Better Payments

By a rule of thumb, freelancers are better paid. They receive better perks in the form of money and are able to allocate a little more on upfront expenditures.

Of course, a freelancer will have a more difficult time securing a credit, but the logic goes that the sheer amount of income generated through a freelancing job is enough to convince most banks to back up an individual, so long as all finances are submitted to the tax office in the specific jurisdiction.

True, as a freelancer you will give up on your social benefits – up to a point (after all you can still buy the insurance and pick your careers without much difficulty) – but you will be generating a higher income, usually 20% higher to be exact.

2. More Money for the Same Amount of Work

A company has a responsibility to turn a positive result at the end of the year. This means that employees will never be remunerated for 100% of their value and contributions, but rather be paid slightly less so that the company can guarantee the safety and financial security of all its employees.

As a freelancer, though, you can do the same amount of work and get paid a little more, and often – a whole lot more. There are professions where if you become a freelancer, you may be earning several times your daily wage, for example, although if your profession is one such depends solely on your specific trade – no more, no less.

3. Freeing up Your Time, But Not Ignoring Responsibilities

One specific aspect of the freelancing experience is successfully balancing between responsibility and your own time. Some people tend to misinterpret freelancing as a free-ticket to not deliver on projects, but this is bad form, as it quickly earns you a name for an unreliable employee.

freelance writing

And, while you may benefit from freelancing as a whole, you don't want to have people out there who recognize you as an irresponsible individual. Therefore, you want to find and strike that golden balance between work and your personal time.

Admittedly, freelancing frees up quite a bit of time – from traveling, for example, but you have to still remember that responsibilities are just that and you ought to make sure you do your duty.