Freelance writing is a good source of income when you do it by the book. For reasons best known to themselves, some people think that freelancers are lazy dudes that like their comfort zone more than anything else.
In the following, we’ll put the final nail in the coffin of this misconception by listing a few of the advantages and the disadvantages that come as a package deal with being a freelancer. Hopefully, those who badmouth this job will zip their cake-eating machines.
It’s Great for Parents
Having an 8-hour job and a kid simultaneously is the closest thing to actual hell on earth. Freelancing gives parents the opportunity to work flexible hours from home, therefore they can be more involved in raising the child/children.
You’re Not Bossed Around
When you do freelance writing, you are your own boss. You take care of your finances, your portfolio, and marketing attempts. This is much of a two-edged sword, but the more you do it, the better you become at it.
You Can Work as Much as You Want
You can accept or reject a project based on your personal preferences and time schedule. Needless to say, you can’t do that when you have an average job. As long as you afford to do it, you can turn down offers left and right and take care of other things in the meantime.
This is by far the biggest risk of freelance writing. Some clients can and will get their products but will “forget” to wire you the money. It happens more often than you think. Fortunately, most freelancing platforms have certain mechanisms of disposing of scammers, either by deleting their accounts or penalizing them financially.
If a client looks too shady, keep looking.
It’s Not a Steady Source of Income
Even if you have a base of faithful clients, they will eventually run out of projects for you. When you do freelancing, not having written anything in a week can have a huge impact on your budget.
If you want a steady income each month, freelance writing isn’t the best option you have. Finding new clients can be a challenge – so difficult, in fact, that this is the main reason why many promising freelance writers call it quits within 6 months.
Doing this as a side job is an excellent idea. This way, you’ll be earning more, and you won’t be sweating every time you see that there’s no job offer for you on Upwork.com or whatever platform you work on.
Freelancers aren’t employees, so they don’t enjoy medical insurance. Thinking that you don’t need it anyway is a hazardous practice. You simply can’t foresee what the future holds. There are a couple of options for medical insurance for freelancers, though.
Moreover, the more you work as a freelancer, the longer it will take for you to retire. The government pays the elderly in line with how many years they’ve worked.
It goes without saying that you won’t be getting a dime when you’re old if you’ve worked your entire life as a freelancer. It’s a scary thought, isn’t it?
The Bottom Line
The thought of working on your own can be really tempting; however, there are major risks affiliated with being a freelancer, risks that you have to weigh on the scales before you ditch your job and start looking for work online.
Again, we’d recommend freelancing as a second job or something you do to get money that you can spend on things that you don’t want to buy with money from your salary.