Subscribe to my blog
Blog Archive
 
Freelancing pros and cons

Exploring Freelancing Pros and Cons: Is it the Right Choice for You?

Whether you’re creating a career path for the first time, or changing the current one, you should always weigh the advantages and disadvantages of every choice. The same goes whether you’re going to work full-time as well as for freelancing. As someone who has been working as a freelance writer for the past six years, I have seen the good and the bad of it and therefore believe I can more closely present you the biggest freelancing pros and cons so that you make an educated choice. It definitely beats uncertainty.

So let’s take a look at the freelancing pros and cons and find out if being a freelancer is the right choice for you.

Freelancing Pros and Cons: The Good

When we’re talking about freelancing pros and cons, let’s first take a look at the good being freelancer has to offer you. As you will see, there are many reasons why you might want to consider boarding the freelancing train.

Freelancing pros

  1. Flexibility

Freelancing offers you a ton of flexibility, much more than a full-time job ever could. This is reflected in the fact that you can set your own schedule and work at any time of day (or night) as you please. Not all of us are high raisers and some like to stay in bed until afternoon. Freelancing allows you to work when you are most productive.

Another example of the flexibility freelancing can offer is the ability to choose who you will work with and (for the most part) choose the projects you will work on. While picking a client can often be a hit-or-miss and the client you thought would be great to work with turns out to be a total douche, at least as a freelancer you can leave whenever you want if you don’t like them. Plus, you can focus on the projects you like, rather than on something a boss hands you down.

  1.  Better work-life balance

If you’re are married, have kids, a girlfriend or a boyfriend, you likely want to spend as much time with your family as possible. Working 9-5 won’t allow you to see your family more than a few hours every day, not to mention that you also need time for your friends and for yourself. But as a freelancer, however, you you will be much more around and can spend valuable time with your family.

This is also a good news if you’re a college student. If you need to pay for school tuitions or the like, you’ll need to find a job.  Freelancing will allow you not just to earn money to pay for your college, but you will also be able to study for the exams without hurting your work in any way. Plus, freelance clients are much more willing to give an inexperienced student a chance than full-time employers.

  1. More income streams

When working full-time for one employer, you’ll only have an income from that one source. But as a freelancer, you’ll rarely have just one client. Most freelancers are quite capable of handling three, four or sometimes even more clients. While handling these clients at the same time might prove to be a challenge, you can use some of the freelance tools to make it easier for you. Also, you can always rest easy knowing that, if one client leaves, or is not paying on time, you have others to keep you afloat.

  1. Work from anywhere you want

Most people choose to freelance from home, whether because they want to be around their family more, avoid traffic jams or simply like their chair that much. But you can also freelance from anywhere else you want. All you need is a laptop, a notebook or a tablet, good WiFi and you can freelance from a coffee shop, park, beach, you name it.

  1. Less distractions

I won’t say that freelancers don’t get distracted by a ton of things, including babies crying, kids screaming, dogs barking, phone calls from friends who want to hang out, social media notifications and so on. But that is often nothing compared to the distractions you would have to deal with in an office environment. Plus, you can always turn off your phone and WiFi and tell those around you not to disturb you at certain hours and solve your distraction problems.

Freelancing Pros and Cons: The Bad

Freelancing cons

Of course, we can’t discuss freelancing pros and cons properly without considering the disadvantages of it. Freelancing shouldn’t be sugar-coated, so here are its cons:

  1. It’s less secure

Remember everything I said about being able to leave a client if you don’t like them or want to work on other projects? Well, it turns out that the same freedom applies to clients as well. If the client no longer thinks you are a good fit for their project or think they can get the same for less money, they won’t hesitate to let you go if they think their business will be better off without you.

  1. There are no benefits

As a full-time employee, you’ll get lots of benefits along with your paycheck, including health insurance, pension and so on. Not so with freelancing. If you’re a freelancer, you’ll have to pay these for yourself if you want them (and you probably do). This means a good chunk of the money you earn will have to go away on benefits. The guys at the Freelance Union are, however, trying to make a change in this direction and bring health insurance closer to freelancers. Unfortunately, that’s only for US freelancers and as for us in the rest of the world, we’ll just have to wait a bit longer. At the same time, Simply Business offers insurance for freelancers, so that’s also something you should consider checking out.

  1. Surrounding tasks

Freelancing would be much easier if all you had to do work your magic on a project. But this is never the case. In addition to writing a blog post, designing a website, developing a mobile app or whatever your role as a freelancer requires you to do, you also have to deal with a myriad of other tasks surrounding the primary one.

You’ll have to do your own taxes, find new clients, negotiate with them, maintain their projects, send invoices, keep track of invoices, chase down clients who hare late paying you and so on. In other words, if you want to be a freelancer, be prepared for a lot of work.

  1. Isolation

One important thing that being a full-time worker has access to and a freelancer doesn’t are office chats. Freelancing can make you isolated, almost to a point of being a recluse. Yes, sometimes you’ll want to get away from other people, but on other days, you’ll want someone near you to talk to you. Of course, I’m not saying that you’ll be completely isolated from other people, there’s obviously your family and friends, but being a freelancer myself I know that we can sometimes lock ourselves in too much. This is why I strongly suggest finding a coworking space to work from time to time and meet some new people like you.

Conclusion

Of course, things are never as black or white in life and they are not regarding freelancing pros and cons either. There’s always a “but” to both the pros and the cons of freelancing. Besides, what one person finds to be a advantage, another might consider to be a disadvantage and vice versa.

The only sensible thing then would be to decide for yourself whether being a freelancer is something you’d want to commit to.

Do you know of any other freelancing pros and cons? What are your favourite things about being a freelancer and why you wouldn’t become one? Let me know in the comments below.

Vladimir Covic
covic.v1ad@gmail.com
20 Comments
  • Stacy
    Posted at 10:04h, 08 June Reply

    Great article and very helpful information. I am starting out on freelancing and the content has given me more insight. Keep on with the good work.

  • Bob
    Posted at 21:24h, 07 June Reply

    Great blog post and really helpful! I loved it, keep up the great work 🙂

  • Katie Karambelas
    Posted at 20:08h, 07 June Reply

    The isolation one is hard for me! I like being alone but I crave coworker convos too!

  • Tahnee
    Posted at 18:54h, 07 June Reply

    Some really sound advice here! There is so much to take into consideration great post thanks for sharing

  • Kirti Arora
    Posted at 18:49h, 07 June Reply

    everything has their own pros and cons ,., and if you really want to make things work , you would dive in irrespective of the cons. coz that makes you happy !

  • Divyanka
    Posted at 11:15h, 07 June Reply

    I find these pros and cons very true. Reading about the cons, I still think Freelancing is a better option. You have time for yourself and for your people and you get to live life on your terms without any pressure as such.

  • Nazrin
    Posted at 10:17h, 07 June Reply

    Freelancing has always been a scary thought to me but I am always reading and learning more so maybe I might dip my toes into the dark waters.

    http://www.nmdiaries.com

  • jhilmil
    Posted at 06:17h, 07 June Reply

    We all need to weigh the pros & cons & then tap on freelancing.. While I personally feel isolation is dangerous , I feel the easiness & work life balance is such a plus point!

  • Pulkit
    Posted at 05:06h, 07 June Reply

    This is very helpful

  • pelumi
    Posted at 21:50h, 06 June Reply

    well detailed and really amazing tips, I have always wanted to try freelancing but never really had the courage to. I was more or less scared of the unknown, but these tips will help me to really think about the pros and cons. thanks for this

  • Thalia and John
    Posted at 20:29h, 06 June Reply

    Very well written with some great tips!

  • Chelsey
    Posted at 22:58h, 05 June Reply

    Nothing could be truer than this list. I freelance as a photographer and while it can be rewarding, it can also be just as bad due to the instability of the job, hence having to have a “real” job to ensure the paycheck each week. But I love the breakdown you’ve posted. Great post!

  • M
    Posted at 22:32h, 05 June Reply

    It sounds great to be a frelancer. I really enjoyed Reading your blog post. The best part of being frelancer is freedom seeing your family and enjoying your life.

  • Latasha Peterson
    Posted at 16:01h, 05 June Reply

    Awesome tips, Vladimir! I absolutely love freelancing! It has definitely given me more flexibility.

  • Vishal
    Posted at 13:39h, 05 June Reply

    Nice and detailed info. Thanks for sharing

  • Warda firdous
    Posted at 02:01h, 05 June Reply

    Valuable information… Liked it…

  • Echoesofhervoice
    Posted at 18:52h, 04 June Reply

    Thank you for the details on the pros and cons of freelancing. I suppose nothing is perfect.

    • Vladimir
      Posted at 20:47h, 04 June Reply

      No, nothing is. I’m a freelancer myself but I didn’t want to sugarcoat it.

  • Amanda
    Posted at 15:01h, 04 June Reply

    Thank you for the tip. I want to do freelancing and really didn’t know if it was a good idea. With this I can really see if it is the right thing for me.

  • vinod verma
    Posted at 12:10h, 04 June Reply

    Your every post is just wow. I used to visit your blog daily as I am a freelancer and I get helpful info from it.

Post A Comment