Pros and cons of freelance projects

Starting a freelancing career can be the step in the right direction you need or it could be a mistake for your career. It all depends on your situation and how much work you put into getting a freelancing career off the ground. Before making that decision for yourself, you will want to weigh both the pros and cons of freelancing to figure out what’s best for your situation.

Pros of freelance projects

Receive more income- For a writer working for a company as an employee; they may make $10-$15 an hour; but as a freelancer a writer could charge $40-$50 an article. If they are good, a company/client needing writing work may be willing to pay that amount for their services. A writer working as an employee would have to work approximately 4-5 hours to make the same amount as a freelancer does with just one article.

Can spread your services out- As a freelancer, you would be able to work for more than one client or company. As an employee, most of your time will be spent with that one company alone, which pretty much puts a cap on how much income you bring home.

More Control- Employees are limited on how creative they can get on their assigned projects. Freelancers are hired for their expertise in the needed area, which gives them a little more flexibility to complete the assigned tasks. Using the clients input on how the outcome should look, a freelancer can create the completed project as they feel necessary.

Cons of freelance projects

Hired by project- Freelancers are hired on a per project basis. When the project is completed and they are paid for their work, then they have to find more projects to work on to keep their income stream coming in. Employees are hired on an ongoing basis. Even though the employee can make less money than a freelancer, they still benefit from the ongoing income.

Finding Clients- Freelancers can go through some tough times trying to find clients to provide their services to. They can go through work spurts where the offers are pouring in and they can also experience dry spurts where it’s difficult finding work. Employees are pretty much guaranteed the work as they are already hired to work for a company.

Provide your own equipment- Employees working for companies are usually provided with the necessary equipment to do their jobs. Freelancers need to have their own to complete the work they’re hired for. This can get costly depending on the type of service the freelancer offers.

If your situation enables you to start a freelancing career, be aware that you will need to become aggressive to gain clients in order for it to be successful. The more knowledge, skills and experience you gain, the more likely clients will want to hire you for their upcoming projects.

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