When taking a different route from the traditional working method, people often judge you on the basis of the rumors they have heard or their own knowledge of the same. Not having the first-hand experience of the freelance style of working, many target you with their opinions formed on the basis of things that are not true about your profession.
The misconceptions start with the basic thing that freelancing is just a trend that millennials these days want to follow. Freelancing is considered as an alternative that people go for if they do not find a 9-5 job. Many assumptions like these are formed by people that highlight freelance work in a negative way. We need to understand that the number of freelancers in our workforce is increasing. Nowadays people are more thoughtful regarding their career choices and are willingly taking up this role.
We bust some major myths surrounding freelancers and portray reality in this blog post. The gig economy is growing; this one is especially for people who are still skeptical about this type of working
Freelancing is a fad, not a real career option
People believe that freelancers do not have enough career options. Only a traditional job can lead to growth in a career. This is not at all true. In a survey conducted, a large number of freelancers revealed that they are satisfied with the amount of work they have and see the bright side of getting more work in the future.
Freelancers are in fact believed to be working on multiple projects at the same time and are seen associating with big well-known brands. There is vertical career growth and you could freelance for your whole life. Freelancing is the new normal and is here to stay for the long-term.
Freelancers make a stress-free living
Not having a boss and flexibility of working hours are not the characteristics of living a stress-free life. As a freelancer, a person has to play multiple roles at the same time. From being their own accountant, to strategist, to the operator, to an advisor, they are self-dependent to a great extent.
Freelancers have a zillion things to deal with, like providing quality work, converting the leads to clients, facing the instability of payments, etc. All these, many times overpower the freedom and other perks that come with choosing freelance work. You select one job and deal with the stress of every other job as your earning depends on how well you execute each task. Freelancing requires putting on multiple hats; though you can work on your own time, there is hardly any time to relax.
Freelancers only earn enough to make a living
Freelancers do not have a secured payment like the full-time employees do. Freelancers often work for free or charge less to attract clients. Freelancers are always running after clients to receive payments on time. Freelancers over-price themselves since they are skilled in their field. These are some popular finance-related misconceptions revolving around freelancers.
None of these are necessarily true. Many freelancers earn more than employed people. Multiple factors including macroeconomic factors, market demand, years of experience, quality of work, etc. need to be considered before passing on statements like these. People take time to establish themselves. In the beginning, they are bound to receive low paying contracts. Though it’s true that like full-time employees, freelancers do not get additional monetary benefits and end up paying for medical insurance on their own. The strategy for them is to make their hours billable, and that is why they set their own payment terms and have enough savings.
Freelancers are lonely people
Though many freelancers feel isolated and lack social life, do not confuse it with the fact that only introverts go for freelancing. Freelancers are often connected with their clients and are busy with their meetings. The Internet these days helps fill the void created due to less human interactions. Though freelancers do not have office space to connect with coworkers, they do find ways to connect with their loved ones or to expand their social circle.
Freelancers select their lifestyles and live by their choice, leading to improved quality of life. If they make a proper schedule and find the right balance between work and social life, they are not socially starved people.
Freelancing is an alternative career
It is frequently said that only those who can not find a corporate job go for freelancing or those who want to find an easy way out choose to become a freelancer. Freelancing is not an easy job. Do not make assumptions until you have seen the savvy portfolios, heard the brilliant pitches, or witnessed any of the behind-the-scenes actions.
If you see a freelancer sitting in a coffee shop, that does not mean he is always out there chilling. They work from there. Do not assume that a freelancer is choosing an easy way out if you call them during the office hours and they are out there shopping. You are not aware of the hard work that they have put in to afford those shopping bills.
Freelancers are proved to be qualified in their skillset. They single-handedly deal with multiple tasks simultaneously. They have more diverse experiences compared to full-time employees. Just because they have chosen a different path, does not mean they are less capable compared to any other person. Know that they all face challenges and it is not easy for them, it’s just that their journey is different from yours.
The world is transforming. We need to be more open-minded towards accepting freelancing as a style of working and debunk the stigmas around it. We hope this post has given you new perspectives to view the reality of freelancers. We are in the year 2020, respecting choices and appreciating each other is a beautiful way to enter the future.
If you are figuring out when to hire freelancers and when to hire full timers. Read our blog here.