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Whether Freelancers and Freelancing Sectors have Any Future?  

In 2016, though the freelancers from United State has earned approximately $1 trillion from freelancing, whether freelancers and freelancing sector has any future?
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TracieW TracieW on Sunday, October 22, 2017, 2 Yaers Ago

Whether Freelancers and Freelancing Sectors have Any Future?

It has been reported that, in 2016, the freelancers from United State had earned approximately $1 trillion from freelancing, isn't it a significant share for any economy of the world? So, it's equally important to know in details who are those people and how they work?

Who is freelancer?

A freelancer or freelance worker is a term commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work.

What type of work freelancers do?

Actually freelancing concept can be used and implemented in any sector. But statistic shows that at present, nearly 50% of freelancers are engaged in freelance writing. Freelance designing stands at second position with 20%. Next on the list comes work related to translating, web development and marketing with almost 8%, 5.5% and 4% respectively.

What are benefits of freelancing?

As per the gender, industry, and lifestyle the reasons for opting freelancing differs. Females, particularly married and having children, prefer freelancing for the inbuilt flexibility and freedom of schedule, which they cannot get in their regular 10am to 5pm jobs. Whereas, majority males freelance to follow or pursue their personal passions. Freelancing is also taken up by workers who have been laid-off or who cannot find full-time employment. College students, either girls or boys, freelance to meet their regular expenses.

What are disadvantages of freelancing?

Freelancers are often assured about getting and keeping a steady work by the employers (be a website or organization), but it is not the true fact. Only the established employers can provide a steady work stream.

Beside this lack of job security, many freelancers have to deal with employers not paying on time. The risk of longer idle time without any work is another serious disadvantage.

Freelancers cannot enjoy the benefits of regular employment like bonuses, paid holidays, paid sick leaves, pension or health insurance. I wonder, whether any state's Labor Laws recognizes these freelancers or not?

And one of the worst and never told disadvantage of Freelancing is that, through freelancing these freelancers often earn less than their employed counterparts.

Days ahead for freelancing sector?

The Internet has opened up many freelance opportunities, expanded available markets, and has contributed to service sector growth. There are quite good and reliable freelancing websites that match employers and freelancers. Offshore outsourcing, online outsourcing and crowdsourcing are heavily reliant on the Internet and nowadays majority of the online freelance work is being outsourced to developing countries outside the United States and Europe due to the cheap labor available there. The outsourcing of online freelance work is definitely going to be a continuously growing sector because, it is giving the employers a good option of cutting operational cost in his business. So, at least in developing countries, freelancing has quite good future.

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