It is very important to consider all of the benefits and pitfalls of being a freelancer, so you can decide if it is really for you or not. Many people do wonder what the benefits are for pursuing such a dream, but if you investigate carefully, you will find that there are many. Ultimately that depends on the amount of knowledge you have before you get involved, so do you research first.
There are definitely more risks and responsibilities involved in this type of day to day work. If you decide to work for someone for a fixed project or period of time to help them achieve their goal then that makes you a freelancer. What you are actually doing is selling your skills and time to that particular company.
It is your choice whether you get paid by the hour or by the project. You will have to negotiate your desired rates with the company and come to a compromise that works best for both parties. It always helps to contact other successful freelancers to find out how much they charge to give you better idea of how to price your services.
You might be wondering what the client gets out of hiring a freelancer, right?. Well, they are a number of benefits, firstly, freelancers are far more flexible than regular employees. Passionate freelancers will be prepared to work all hours in the comfort of their own home or office ,unlike the employee who will go home at a set time each day.
There is less commitment involved when a company hires a freelancer, because they only require you for that particular project. An employee is paid to turn up for work regardless of his workload. However, if you keep solid relationships with your clients, they should come back to you again and again.
If you check out the work and themes of most freelancers in design/illustration or copy-writing, you will find that they tend to specialise in a certain area or style of delivery, which makes them far more valuable and unique. This helps you to stand out from the crowd and get more attention if you building a brand.
You will actually save the client money because of the non commitment involved. They do not have to consider paying you when you not well or on holiday. There is no redundancy money to pay out or tax, so it means less administration work for them.
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