Freelancing is a growing industry, and the pandemic has seen it grow exponentially. In fact, as of March 2022, there were currently 4.23 million self-employed workers in the UK and more will be added in the coming months. Many of these people freelance as a side-hustle, but a large proportion has taken up the profession full-time as well. But why is freelancing becoming so popular?
If you’re interested in freelancing too, here are the top reasons why it’s one of the best decisions you could make this year:
Healthier work-life balance
Many people worked from home during the recent global health crisis. What surprised many businesses, however, was how people preferred this type of work setup even after the pandemic had passed. It even increased their productivity levels as a result.
When working freelance, you have the option to work from home (or from anywhere). This provides you with more time to spend with family, friends, and to do hobbies, resulting in a healthier work-life balance. Additionally, this also removes the time spent commuting, and freelancers can use their time more productively for other things, whether it’s for work or play.
Declare your own salary
Freelancing means being you’re own boss, so freelancers are able to declare their own pay according to their skills and level of expertise. This way, you can ensure that you’re always being paid a sufficient amount of money for your time. This is especially crucial this year as pay rises have fallen behind due to inflation. You also don’t have to wait for any promotions or pay raises like in a normal 9-5 job, as long as you have the necessary skills to back it up.
Work in line with your interests
Another benefit of freelancing is being able to choose the type of work you do and the clients you work with. 36% of people claim they are likely to quit their jobs due to boredom in the next 6 months. With freelancing, you won’t ever get bored or unsatisfied with your work if you choose what projects you want to work on. Compared to working for a single employer, you are able to do different types of work as long as you have the skill set for it. Similarly, you can choose to work with clients who share the same ideals and values as you, only adding to your contentment.
Allows a slow start
With freelancing, you can take as much time as you need to adjust and build your career. You don’t have to quit your current job, especially if you only want to try it out at first. If you’re freelancing to have another income stream alongside a full-time position, you can even take on fewer gigs until you get used to the pace. And if you’re looking into freelancing full-time, this flexibility will also allow you to gradually transition into more specialized work
Freelancing offers a lot of advantages including a better work-life balance, the ability to work for what you feel you’re worth, an relatively easy start, and always working in accordance with your interests. If you’re interested in this career path, make sure to check out our guide to becoming self-employed.