Nowadays, the number of people working as freelancers/freelance is huge, and so is the rate of their success stories. In fact, according to statistics, 76% of freelancers are satisfied with their jobs, while 82% of freelancers are happier working alone.

In 2019, there were 57 million freelancers in the US, and they earned close to $1 trillion. This benefit is not only limited to freelancers, though. Platforms like Freelancer make millions, offering better services to freelancers and employers.

Below are some of the benefits of joining the global freelance market.

1. The Flexibility of Working Hours and Location

Freelancing helps you break the chains of a strict work schedule. That means you don’t have to work from the office as you can always work from the comfort of your home at your own pace.

A wide range of freelance opportunities is at your disposal whenever you want to leverage your skills. With a stable internet connection, you can choose a project you’re passionate about (part-time or full-time) on freelancing platforms such as Freelancer, Fiverr, Upwork, etc. Based on research, 46% of US freelancers say that they get the flexibility they want.

2. Freelancing Provides Unlimited Options

Research has shown that about 45% of freelancers are skilled, offering services such as programming and marketing. Statistics also show that you can earn as much as $28 per hour on average if you’re offering skilled freelance services. These unlimited options allow you to choose the best project that suits your skillset and lifestyle.

Freelancers face minimal challenges when registering on freelance platforms. Moreover, the abundance of freelancing websites and job offers has made freelancing relatively accessible.

3. A Chance to Earn More

Freelancing provides you with the luxury to work with many clients without any restrictions. The amount of money you can earn depends on the years of work experience. According to experts, a freelancer with at least three years of experience earns $70,536 on average.

When compared to a traditional job, there is a vast difference in the average salary. According to BLS, US workers’ median salary in the first quarter of 2020 was $49,764. That’s why more than half of freelancers decide not to switch back to traditional jobs.

Conclusion

In recent years, the number of freelancers joining the global freelance market has increased massively, and will only continue to grow. You need to join the global freelance market now because it has given many individuals the chance to pursue lifestyles that were formerly impossible to attain.

You can either work as a full-time or part-time freelancer. However, research has shown that only 21% of full-time freelancers call themselves freelancers, while others think of themselves as contractors.

Interesting read: You Will Never Succeed As A Freelancer If You Keep Doing These 5 Things