Why do freelancers fail?
Freelancing is a buzzword almost everybody is familiar with but it is going to be the most prominent profession years ahead. With so many people preferring work
Freelancing is a buzzword almost everybody is familiar with but it is going to be the most prominent profession years ahead. With so many people preferring work from home and choosing to be their own boss, it can be safely predicted that one out of 5 people will prefer freelancing in the future.
About 56.7 million Americans freelanced in 2019. This number suggests, Americans are spending more time freelancing. People prefer freelancing because they prioritize lifestyle over earnings and this lifestyle brings balance in life and provides more opportunities.
Freelancers prefer getting skills training over a four-year college degree and that makes sense too. Freelancing is all about skills and with the help of technology, freelancing has just got easier and more effective for online workers. More people feel secure with freelancing than ever before.
According to a report of Freelancers Union “53 million” report, here are some interesting insights into freelancing.
Freelancers contribute an estimated $715 billion in freelance earnings to the US economy.
Twice as many freelancers have seen an increase in demand in the year 2018.
It is estimated that 80% of non-freelancers are willing to do work outside their full-time job to make extra money.
Earning extra money with work-schedule flexibility is the top driving force for freelancing.
69% of freelancers give credit to technology for making it easier to find freelance work on freelance marketplaces such as Fiverr, Guru, Freelancer.com, and UpWork.
77% of freelancers believe, best days are yet ahead for freelancing.
65% say, freelancing as a career is far more respected today than it was three years ago.
Why do freelancers fail?
Freelancing requires both soft skills and hard skills in order to succeed.
Many freelancers, especially in the subcontinent, struggle to ace at freelancing because they acquire good computer skills such as graphic designing, web development, content writing, and many others but they lack communication skills to express themselves and sell their services. Because of the lack of communication skills, they are topped off by their competitors who can speak well and sell their services.
According to my 2 decades of freelancing experience, freelancing is all about communication skills. There must be a reason why this soft skill has always been in demand and ranked as one of the top 5 skills in 2019 and 2020 according to a LinkedIn.