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How to Earn Money With Freelancing Jobs

How to Earn Money With Freelancing Jobs.

(Updated Edition- June 2021)

Freelancing is a popular profession that helps earn lots of money online. If you're searching for genuine ways to make money online, freelancing is a good idea.

freelancer is a self-employed individual who provides services to one or more employers and earns money based on the contracts with the employers. 

Usually, freelancers don't work for a specific employer for the long term. Instead, they work with different companies or clients to increase monetary income. 

You can start this great profession if you don't have much money to invest. Yes, many platforms allow you to start with them without asking to deposit a single penny.

Freelancers normally earn money on a per-task or per hour basis depending upon the categories of jobs. 

Before you move to find a great platform, you need to know what freelancing is and how to start.

Edumedia, in its first article, will educate you about the freelancing concept in simple language so that you can understand the basic steps needed to start a hassle-free project.

In the era of digital marketing, freelancers have tons of opportunities around the globe. 
This article will help you find the right money-making opportunities for you.

This content covers the concept of freelancing, its advantage and disadvantages, the availability of jobs, and the methods of payment. 


Earn Money With Freelancing Jobs



What is Freelancing?


Freelancing refers to the works done with an independent capacity rather than as an employee. So, it is a contractual service between an individual or a firm and the company who assigned the job.

A freelancer is often referred to as an independent contractor, a self-employed person, a self-employed individual, etc. But it doesn't necessarily mean that a freelancer should always be an individual.

Many organizations having a team of individuals work as a freelancer. So, a freelancer may be an individual, a proprietary, or a partnership firm, and a company.

A freelancer is an independent contractor who usually works with several clients rather than one employer.

Freelancers basically charge on per hour or per day basis depending upon the nature of jobs. Sometimes they charge per job.

For example, freelance content writers charge for each content they create.

Brief History of Freelancing


It’s believed that the term 'freelancer' was
first used in Sir Walter Scott’s classic Ivanhoe in the year 1820, during which Scott stated, 

“I offered Richard the service of my Free Lances, and he refused them—I will lead them to Hull, take up shipping, and embark for Flanders; because of the bustling times, a person of action will always find employment.”

In other words, these persons were mercenaries who offered their services to the very best bidder.

However, there was an earlier example of the term in 1809 by Thomas N. Brown’s, ''The Life and Times of Hugh Miller'' by stating, “But when the battle was hottest, Hugh Miller was a loyal combatant, not a freelance.”



Nowadays, the term "freelancing" is used in many professions such as writer, photographer, editor, programmer, website designer, consultant, and many more professional services.

Whatever jobs you like to do you canbut the key point to remember is you're not an employee. You're self-employed, meaning doing a business of your own. 

As a freelancer, you're running a business for yourself. The freelancing business offers a variety of incredible benefits that you can't imagine enjoying as an employee of a company.

Because of the enormous benefits, freelancing has gained popularity. New people are entering the freelancing world to change their fortunes. There are many part-time freelancers too.

Companies have also been thinking comfortable hiring freelancers rather than employing full-time employees in their payroll.

Remote freelancing work has become more attractive to both the companies and freelancers with the pandemic restrictions on people's physical movement.

By 2030, freelancers are expected to represent 80% of the global workforce.


The Growing Trend Of Freelancing Jobs

The following statistics show how rapidly the freelance industry is growing:

  • The contribution of the freelancer to the US economy in 2020 was $1.2 Trillion. That was a 22% increase over the previous year.
  • Over 12 million people registered as freelancers with Upwork, one of the leading freelance platforms. The total annual earning of all freelancers from this platform is more than $1 billion. Over 3 million freelancing jobs are available on their platform.
  • 75% of the people agreed that freelancing increases their earning potential.
  • The annual income of 36% of the freelancers is at least $75000. 

Further Statistics show,

  • Out of 3.5 billion global workforces,1.1billion are freelancers.
  • 75% of freelancers decided not to trade their freelancing jobs with other kinds of jobs.
  • Nearly 33% of Fortune 500 companies turn to freelance platforms for outsourcing their work.

Even before the Kovid-19 pandemic, freelancing was one of the fastest-growing sources of employment.

Here are the top 10 Countries for freelancing - Source: CNBC

Top Freelance Market in 2019: based on earning growth year on year.

  1. US               78% (57 million freelancers).
  2. UK               59%
  3. Brazil           48%
  4. Pakistan       47%  
  5. Ukraine        36%
  6. Philippines    35%
  7. India            29%
  8. Bangladesh   27%
  9. Russia          20%
  10. Serbia          19%



An opinion of Scott Galit, CEO, Payoneer on the topic of freelancing jobs was published in the Economic Times on February 8, 2020.

"The freelancing economy has grown exponentially over the past decade”-Scott Galit. 

“Freelancers from all walks of life and every corner of the world are empowered to acquire work, set their own wages, market their skills, and get paid how and when they want”- he added.


Despite the tremendous growth of the freelancing economy, many people, especially in the villages, don't have a clear concept of freelancers and freelancing jobs. 

Most of them are highly skilled but not aware of their skills. Many of them do not know how to monetize their skills using their little instrument (smartphones).

The freelancing job can make a big difference in their lives. Many can transform from zero to hero. Many talents will be revealed. 

They have skills but lack proper guidance and information. They need guidance and inspiration. 

Edumedia will continue providing useful information to you and them. This guide may help you make an expert in the freelancing world.

Now, I'd like to talk about some important benefits or advantages of Freelancing.


Advantages of freelance Jobs

The Advantages of freelancing for which many people chose this profession include the following:

You’re the Boss of Your Own

There is no boss to order except yourself. That's great freedom that a can employee can never imagine having.

There is no one to describe what to do right now and what later. You're in charge of your achievements and earnings. Being a self-employed boss, you'll enjoy greater satisfaction for every project you complete than a paid employee.

Flexibility in Time and Location

Freelancing empowers you to enjoy the freedom of location and time. Yes, you allowed you to work anytime from anywhere in the world. Whether to work in a day or at night, it is up to you.

If you’re an evening owl like me, you'll work the whole night and sleep in until noon without ever having to go away from the house.

You're the deciding authority to allocate time to work as a freelancer. How long to work per day, 2 hours or 12 hours depending upon you.

The only things you need to make sure-
  • Timely delivery, and
  • Quality of the job.

Freedom to Choose Jobs and Clients

You'll decide to whom you should work. If you're satisfied with one client, that's okay. But, you have the option to work with multiple clients.

You're free to select the projects that match your skills. No one will force you to do a job that you won't like or able to do. 

To become a successful freelancer, you should choose the jobs based on your interest, skill, and potential to maximize your earning.

Low Start-Up Costs

Freelancing offers you to become an entrepreneur with negligible start-up costs. You can start it from your home. To connect with clients, you can be registered with platforms that offer free services like Fiverr.

You Can Increase your Income

With the improvement of your skills and reputation, you can charge a higher rate. You have full control over your earning. Unlike an employee, there is no need to ask for a raise.

You are free to reject a client and accept another who agrees to pay the price you fix for a specific project.

To maximize your income, you can take more projects at a higher rate and hire freelancers who want to complete the project at a lower rate keeping the difference in your pocket.

Pay Lower Taxes 

The government always encourages self-employed people because it helps reduce the unemployed burden.

They even have access to tax concessions like office, electricity, and internet expenses. Saving money in terms of tax concession may be considered as your income.


Improve Your Skill

Working with multiple clients and multiple projects provides the opportunity to learn more. It helps improve your skills.

If you encounter problems while working on different projects, you have to study online to find the solution. 

So, freelance provides an opportunity for continual learning. Thus you can upgrade your knowledge and boost your skills.

Opportunity to do part-time freelancing

If you're an employee of a company and don't want to leave the job, you can make money with part-time freelancing.

Work-Life Balance 

Except on holidays, it becomes difficult to spend time with the family for an employee. Freelance allows you to have a great work-life balance. 

Many freelancers spend time at work and at home on flexible schedules.

Standard Rate of Different Freelancing jobs


According to Forbes, the simplest freelancing gigs are the following.
  • Marketing - Project managers, Marketing coordinators, or Marketing managers can make between $46 to $52 an hour.
  • Business Project Management - Project Manager, Process Analyst are estimated to form $34 to $46 an hour.
  • Web Development - Creating, testing, or providing support for software or apps may result in earnings of $36 to $43 an hour.
  • Writing - Bloggers copy editors, and content managers can make $25 to $30 an hour, which makes freelance writing a lucrative profession.
  • Accounting - It’s estimated that freelance accountants can earn between $16 to $30 an hour.
  • Insurance Inspection - Gathering information, like photographs, and writing insurance reports can earn approximately $28 per hour.
  • Teaching/Tutoring - Teaching online classes or simply a teacher can charge $20 to $28 an hour.
  • Social Media - Being a community manager or social media coordinator may result in $20 to $25 an hour. You may be interested to read Social bookmarking.
  • Graphic Design - Website and application designers are ready to make around $21+ per hour.
  • Administrative Assistant - Professional assistants can earn between $17 to $20 an hour.




Make money with freelancing job online

Happy freelancer doing freelancing jobs to make money online. Photo -Pixabay


Types of Job Available In the Freelancing World

Thousands of jobs are available in the freelancing world - You can choose one or more. Some of the common freelancing jobs available on popular freelancing sites are listed below. 
  • Digital Marketing/Digitalization of the entire business, Brand establishment Product creation, Content creation, Product promotion, Advertisement.
  • Project Management- Project Manager, Process Analyst, Project Coordinator, Project Assistant, and more.
  • Web Design /Development - Website designing, Testing, Support for software or apps, Search Engine Optimization, and so on.
  • Writing - Bloggers, Editors, and Content managers.
  • Accounting - Book Keeping, Data Entry Analysis, Ratio Analysis.
  • Teaching - Creating Courses, Tutorials, Online Training, etc.
  • Social Media - SM manager, social media coordinators, Campaigning manager, and so on.
  • Graphic Design - Logo, Banner, Web page, Blog page, Social media page, etc
  • Virtual Assistant - Administrative Assistant, Personal Assistant.
These are some examples out of million types of jobs available in the freelancing industry.

20 TOP Freelancing Platforms- List

1. Fiverr
2. Upwork
3. Golance
4. Aquent
5. PeoplePerHour
6. Toptal
7. Crowded
8. The Creative Group
9. 99 Designs
10. Nexxt
11. Writer Access
12. TaskRabbit
13. Simply Hired
14. Designhill.
15. Freelancer
16. Truelancer
17. Hireable
18. FlexJobs
19. Skyword
20. Guru.


Method of Payment


Methods of payments for the jobs you complete as a freelancer may vary from platform to platform. 

There are several methods to get paid, but the easiest method is electronic bank transfer (ETF). The money will be transferred to your bank account. 

Papal and Payoneer are two other popular payment gateways used for international fund transfers.

How much you can earn from freelancing jobs?

It depends upon your skills, dedication, and your desire to earn. The more you complete the projects more you earn- the sky is the limit. 

Register with multiple world-class freelancing websites and create strong profiles. Highlight the area of specialization to maximize your earnings from freelancing jobs.

Be a professional freelancer and commit to serving your client the best. They'll give positive and satisfying feedback.

The key to the success of freelancing carriers is the quality of your service.

Set-Up Requirement

If you want to start your career as a Freelancer right now, a device android phone with an internet connection is enough for you. 

Although the laptop/desktop has the advantage of wider visibility, you can start with mobile if you're not comfortable buying a desktop.
 
You may think of buying it later, let your business grow with a mobile that you already have.  But remember, For making big money, you need to spend some amount on infrastructure and promotion of your business to grow it faster.

The Disadvantages/Limitations of Freelance Jobs

Although there are a variety of incredible benefits surrounding freelancing, it is not free from limitations.

There are some disadvantages/limitations that you need to be considered before deciding to select it as your carrier.

No Job Security


When you are an employee of a company, you usually have job security if the employer does not leave the business or give you a discount. 

In the case of freelancing, if your clients don't have a job for you, you can't make any money.

Inconsistent Work 


A salaried employee is guaranteed a minimum monthly income. As a result, you can budget your expenses according to your monthly salary. In the case of freelancers, there may be no guarantee of monthly earnings.

You may have to complete many projects in a month. Although it takes a lot of hard work and effort, you earn more.

But the job can dry up the next month, so the next month you earn much less than you just made the previous month.

Absence of additional Benefits and Perquisites

One of the benefits of working as an employee of a company is you can enjoy certain perks. The employer pays you all the benefits of your health, retirement, and paid leave.

In freelancing, you can earn money based on the project you complete. 
This is your own business. No client bothers about your bonus or retirement benefit.

Stiff Competition

Like any other business, there is stiff competition here. You have to compete with highly skilled and experienced freelancers. 

Although competition is not bad, you have to struggle for the first few months.

You'll find many unskilled and inexperienced people underrating different projects.

Risk of Not Getting Paid

Many times independent freelancers have trouble realizing the service fee from their client after completing the work. Some clients either do not pay on time, or they refuse to pay in full.

The importance of registering yourself with reputable freelancing sites is here. They protect you from all kinds of fraud. In most cases, they take service fee advances from clients.

About the Post

Published on- May 8, 2020 
Updated on- June 24, 2021

Conclusion

Freelancing is a serious business. It is true you can start with your home with your old smartphone with zero experience. 

But don't think to become rich overnight. Getting success in freelancing needs patience and persistence.

Define your goals, identify your skills, and choose the right freelancing platform to start.

Keep Learning:

13 Genuine Ways to Make Money Online 

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