Why are more and more professionals going into Freelancing? Here’s Why
The number of corporate workers turning into freelancing is swelling fast
Having a steady and well-paying job does not necessarily imply satisfaction. A lot workers nowadays are open to a second, or even a third job for as long as they can successfully juggle the work without sacrificing one for the other. It is interesting to note that the appeal of going out of the corporate comfort zone is so strong that the number of those venturing into freelance work has risen rather fast since the last couple of years. According to LinkedIn’s ProFinder, a substantial percentage of its registered professional members (twenty percent, to be exact), have a full-time work combined with a freelancing job. Though there are still more full-time than part-time freelancers, the latter is not far behind. Interestingly, it is the millennial workers who get to be more and more attracted to part-time freelancing while those belonging to the much higher age bracket are the ones going full-time. The unstoppable trend towards choosing this kind of work to earn a living could well be a sign of what’s to come – and that is corporate work taking a backseat to give way to virtual jobs. Let’s examine the reasons why most young people turn to part-time freelancing:
Having that extra money
Given the ever rising cost of living and lifestyle, young professionals are drawn to the lure of making extra bucks during their downtime. Since all of these millennials can afford a smart device and Internet/data connection, plus the fact that they spend most of their time surfing the net, then it is not surprising at all that they find it easy to find a sideline in an environment that they’re so comfortable with. Added to this is the reality that they have right at their disposal the means to learn new things with just the click of the mouse. Business owners whose transactions are done online need not line up to find freelancers who can make their life much easier.
Building up the personal brand
Even if you’re on your own working for a client, you are able to market your identity or brand because of the set of skills that you bring to the table. You become the savvy freelancer who offers your own host of services that make you your own person, your own trademark. It’s so easy to build your portfolio by purchasing a site to show your capabilities and image. Being able to create and maintain your own blog is a simple sign of what you can do for your clients and prospects.
Widening the network for future use
What better way to expand your network than through social media and the clients that you serve. Much like the references in your resume, your clients can be your word-of-mouth who can put in a good word for you to their friends, business partners, and acquaintances. It’s imperative therefore to maintain a solid reputation of integrity and reliability if you want your freelancing work to grow further. You can also take full advantage of your social media presence to gain recognition from friends of friends. Keep in mind that all the people in your network are potential clients or leads. Once you have this mindset, then you will always be sensitive to the way you communicate in social media and pay close attention to the endless opportunities that are found in social media networking.
Escaping the monotony
If you’re the type who’d want to continue working in an office but is quite fed up with the routine, then finding another source of productivity could very well be the answer to preventing a burnout. Unwinding after a hard day’s work is okay, but having something worthwhile to do and get paid for doing it is something that will do wonders to your ego and sense of fulfilment. You are able to broaden your knowledge and enhance your skill level as well that can somehow be useful in your regular work.
Readying the backup plan
Should you feel the need to leave the corporate world, the freelancing gig would become a fallback either as a palliative means to continue earning a living while looking for another job, or as your next full-time job. Once you’ve gotten the hang of it, you would feel secure enough to quit your nine-to-five job, particularly if the stress at work would prove too much to handle.
Let’s face it, freelancing is here to stay and will keep on attracting more people from various cultures. Companies should be ready to face their toughest competition in keeping their employees engaged.
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