You might have heard the word freelancing in the business world but do you know what it means and how you can go about making good use of it?
What is Freelancing?
In simple terms, freelancing means one working as an independent company rather than being fully employed by someone else. Freelancers tend to be self-employed and are often referred to as independent contractors.
They can be hired by other companies on a short-term basis but they do not receive the same compensations as the full-time employees of the company. Plus, ever since the rise of the gig-economy, many people are beginning to take on freelancing work than ever before. As a result, there are more freelancers now than there ever were before; according to a 2019 study by Freelancers Union and Upwork, it was found that more than 57 million Americans have freelanced in 2019. And it was also mentioned in the same study that 53% of all these workers were aged between 18-22 years old.
How Does Freelancing Work?
There are a number of ways a freelancer can go about finding work – basically they accept payment for providing some kind of service, based on a short-term or part-time agreement. For example, you may hire a writer to write something for you and once that’s done, it will be the end of it.
Sometimes, people prefer paying freelancers to work a certain amount of hours per week or month – a relationship which is often referred to as a retainer, which means when you retain certain services or right to someone’s time. There are actually quite a lot of legal professionals who work on retainers and every month, they bill a set time amount to the clients.
Why Should You Consider Freelancing?
Freelancing tends to provide a lot of flexibility and more control to an individual. There are many freelancers who choose what kind of work they want to do, what clients they want to work with, how many hours to work, and have the chance to work remotely as well.
You can even consider freelancing as a form of entrepreneurship wheel freelancer holds the entire control of the potential of the their earnings. Since freelancers are not confined to a fixed salary, they can earn as much as they want to depending on how much they can earn from their clients. In other words, you are your own boss.
Getting into the Freelance Business
Fortunately, there are several ways you can go about this process. Consider reaching out to Bunny Studio – a highly acclaimed project fulfilment platform that provides end-to-end creative services and delivers more than 50 innovative services by the world’s top 4% professionals.
They have certain methods when it comes to choosing a worker for a specific job. The first step is the Speedy technology that matches clients with suitable freelancers based on brief project content. Then after three auditions are done via the Booking method, the platform enables the clients to take them through Contests which allows clients to find the perfect way to pick a specific freelancer for the job.
By the end of the process, an ideal freelance worker is picked to meet the quality standards of the work assigned and are then admitted to the platform as Bunny Pros where they can provide clients with efficient creative services through the Bunny Studio platform.