Freelance work is an increasingly popular way of working. But what is freelancing, why do people become self-employed and can I make a career out of it? This article answers the 10 questions you’ve always wanted to ask about self-employment.
1. What is self-employment?
Self-employment occurs when a person provides their services for an agreed period of time for a fee. Freelancers (also called contractors or service providers) are independent of the companies or individuals whose services they hire. Generally, freelancers work in short-term jobs, although contract periods vary in length and can and often will be extended.
2. Who can become independent?
The short answer is either. There are no restrictions on who can become independent. As long as you have a skill or service that a business or individual needs, you can offer your services and be independent.
3. Who hires freelancers?
The self-employed are employed by individuals and organisations, including small businesses, small and medium-sized businesses, large corporations, such as Tesco, charities, local and central government, such as HM Revenue & Customs, and public agencies.
4. What services do freelancers provide?
Freelancers offer a variety of services. There really isn’t a set list. Some of the services provided by freelancers include:
Event planning and management (e.g. weddings, birthdays, etc.)
Bookkeeping and accounting
Virtual assistance (e.g. managing emails and calendars, answering calls, etc.)
IT support and customer support service
Website design and development
Generally, if an organization or individual can outsource a little, they can go their own way!
5. What services are required?
Demand for services varies, but research has shown that the demand for self-employment increases during “periods of economic instability”. Now is the time to go freelance! Job information sites like itjobswatch or simply searching and counting freelance job vacancies can provide useful information about applying for freelance services. But don’t be discouraged if your service doesn’t prove popular. Indeed, offering a low-demand service also means there is less competition, which is great for your future income! 5,000 / 5,000 Translation results
6. What are the benefits of self-employment?
There are many advantages to freelancing. Some of my favorites include:
When you are your own boss. Being self-employed is one of the best ways to start your own business. Being your own boss also lets you decide how many hours you work, when and where you work.
They are paid to travel. If you love to travel, freelancing can take you across the country or even farther afield. Plus, you can travel at someone else’s expense! Work from home or remotely. If you prefer to work from home, freelancing offers that flexibility, and freelancers can enjoy a successful job doing just that. The internet has created remote work opportunities that companies around the world are ready to take advantage of. Earn money fast. The self-employed can not only be paid faster and more frequently than regular employees, but they can also earn significantly more over a period of time than a permanent employee doing similar work.
7. What are the disadvantages of self-employment?
But being independent also has some disadvantages. Including the following:
Annual tax return. If you are self-employed, self-employed through your own business or have a certain level of income, you will need to complete an HM Revenue and Customs tax return. Fortunately, you can now do this on your website and have your tax calculated automatically. The need to find work. If you’re freelancing, no boss will give you your first (or next) job. So it’s up to you to find a job. Luckily, there are freelance work websites that can make this process easier. The need to maintain your resume. Your resume is what will help you land your next job, if not your first, so you’ll need to update it as you complete jobs and learn new skills. It can become a hassle, but it’s necessary if you want to pass on your existing experience and knowledge.
8. Where can I work as a freelancer?
As mentioned above, the advantage of freelancing is that it allows you to travel. Depending on your skills and the service you provide, you can work for freelance jobs locally, nationally or internationally. For example, you could offer a gardening service, which is more likely to be offered to individuals and local businesses. Or you can work independently as a personal trainer and provide services locally and regionally.
You can also work from the comfort of your home as a data entry operator, article writer, CCTV operator, proofreader, and more. As noted, the Internet has opened up many opportunities for people to work remotely without having to be at the customer’s location.
9. How to start?
Put your CV in an appropriate place. Some of the most popular job sites and resume aggregators include tiptop job, JobServe, friendsreunitedjobs, totaljobs, CV-Library, and the jobsite. However, these sites don’t specialize in smaller outsourcing jobs and focus more on capturing your resume than the services you provide. Fortunately, there are specialized websites that can help you provide your services on your own. On these sites, you will find jobs with different requirements and budgets. You can also advertise one or more services, indicating your skills, at the daily or hourly rate and locations, if you also want to work for the client. And unlike job boards or resume aggregators, you’ll also be able to use the site to interact with job providers, such as clarifying requirements or working with them once you’ve landed the job.
10. Can I get a profession on my own?
Absolutely! If you are currently employed, you can try freelancing alongside your main activity before deciding to do it full time. Whether you’re between jobs or on a career break, freelancing is a way to earn some quick cash while filling in the blank space on your resume. And who knows, maybe you’ll like it!
Self-employment is becoming an increasingly popular form of work and has many advantages over traditional employment. This article has covered 10 frequently asked questions about self-employment, such as: what is self-employment, why are people self-employed, and can I have a career in self-employment?