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🔵 Freelancing articles, tips, and trick optimizing your workflow for better efficiency and higher earnings. Buy Ads: @JamesCookTg
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⚡️Am I A Freelancer, Sole Trader Or Self Employed?
🎥A common problem for those who take the leap from employment into being their own boss is wondering how to describe themselves. Am I suddenly a CEO of something? The MD? A freelancer? Something else?
🎥They all exist in the same professional realm, so the terms do overlap but there are nuances between them which are important to note for legal and financial reasons.
❗️What does it mean to be self-employed?
💫As the name implies, being self-employed is where you work for yourself rather than as an employee of someone else. Self-employment means you own your own business and are responsible for your own income.
💫Self-employed business owners may also employ staff and be responsible for paying their wages (and relevant employee contributions like National Insurance and pension) too.
💻Read more
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🔵Freelance Platforms Software Statistics
51% – web, mobile, and software development 46% – marketing.
➡️Freelancing statistics show 65% of freelancers use software or other tech project management and daily operators while around half use these resources for accounting, taxes, and personal assistance or scheduling.
💻Source
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🔵Worldwide, freelancers earn an average of $21 per hour
➡️The hourly rate for freelancers averages $21 per hour
🔥On average, freelancers working in web/mobile development, marketing, legal, accounting, and other skilled services earn $28 per hour. This rate is higher than 70% of all hourly wages in the US.
💻Source
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🔵Global Freelancing Market Stats
➡️Almost half of workers worldwide are freelancers (World Bank)
World Bank data shows that 46.7% of all workers worldwide are self-employed.
➡️The total number of freelancers globally is estimated to be 1.57 billion people out of a total global workforce of 3.38 billion.
💻Source
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🧳The benefits of getting out and about
🔵Although there are many brilliant advantages of working from home, it is good (and advisable) to get out of the house and work in a fresh environment from time to time. This could mean a co-working space or other places you can work remotely for free.
The benefits of co-working for freelancers include:
🎥Human contact to combat loneliness
🎥Better productivity, focus and concentration
🎥Fewer distractions (like the washing machine and Netflix)
🎥Networking opportunities
🎥Less sedentary daily activity
🚀Government data found that 78% of those who work from home in some capacity agreed that being able to ‘WFH’ gave them an improved work-life balance.
💘50% of freelancers in the US are Gen Zers.
📌With 50%, according to Generation Z statistics, this age group dominates the American freelance market. Freelancer statistics further indicate that 44% are people aged 23-38, i.e. Millennials, while 30% are Gen Xers.
⚡️What is interesting though is that although freelancing is a relatively new trend, Baby Boomers (55+) are also playing the game with 20% working on the free market.
🔗Source
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💻Freelancers see North America as their biggest client pool.
Freelancer statistics obtained in a recent study by Payoneer show that the majority of freelancers (36%) have clients across North America, with Europe taking second place with 27%.
🙂At the other end of the spectrum were Africa (4%), the Middle East (5%), and Australia (7%) as the regions with the fewest clients.
🔗Source
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💻Growing importance of soft skills
➡️In an era dominated by remote work, artificial intelligence, and new technologies, soft skills and interpersonal aspects are becoming as important as technical expertise.
👕LinkedIn USA confirms this shift, with nearly half of 2000 surveyed employers lowering their requirements for hard skills while placing more emphasis on soft skills such as communication and teamwork.
🔗Source
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📆The four-day week as the new reality
👍While discussions about a four-day workweek for employees are widespread, freelancers have long practised this theoretically-viable reality. According to a freelancermap survey, 20% of respondents work only four or even fewer days a week, benefiting from flexible work structures, control over their working hours, and quicker adaptability.
🔵Freelancers can work more efficiently and achieve their revenue goals with less time invested.
🔗Source
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🔥New professions due to the influence of AI
🔵While artificial intelligence has rapidly spread and provides support in daily work or routine tasks, it’s clear that AI cannot replace humans. However, those who master working with AI efficiently can replace those who do not. AI experts such as Prompt or Machine Learning Engineers and Data Scientists are increasingly in demand.
🔵The key skills for aspiring Data Scientists include Data Analysis (14.2%), Data Science (11.2%), and Machine Learning (10.3%). Proficiency in programming languages like Python, SQL, and Java is essential.
❗️Additionally, understanding the limits and legal frameworks for AI use will be advantageous in the future.
🔗Source
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🍸Growth Of Freelancing
More workers are ditching their 9-5 and job status of working for others in favor of taking up the freelance lifestyle. Though already a very big industry, the following freelance statistics reveal that it will continue to grow in the coming years.
📆 As the number of freelance platforms grows, the number of jobs and workers available to fill those jobs also grows. Similarly, the more freelancers there are, the more platforms are being created to serve them.
➡️ There are 4 million more freelance workers currently than 6 years ago, in 2014.
➡️ Experts estimate that by 2027, the majority of the workforce in the United States will be freelancers.
➡️ In the United Kingdom, the amount of workers freelancing has grown by 14% in the past decade.
➡️ Over half of the freelance working pool says that they wouldn’t return to a traditional job structure.
💻Source
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⚡️How Do I Become A Freelance Proofreader?
🎥 There are a whole host of different jobs freelancers can do, from things like accounting or digital marketing to the more unusual roles of expert bed-tester or a professional bridesmaid.
🎥The beauty of freelancing is that whatever your skill, no matter how niche, as long as there’s a gap in the market for it and demand for what you offer, you can carve a career out of it.
❗️What is a freelance proofreader?
💫 If you’re thinking about becoming a freelance proofreader, the first thing is to make sure you understand exactly what the role requires.
💫In the general sense of what a freelancer is, it’s an independent professional who works for themselves rather than being employed by a business. This means a freelancer will usually work for more than one business or client at a time, juggling multiple projects simultaneously.
⭐️Staffing Firms vs. Freelancers
So what is the culmination of all this partnership among freelancers and digital transformation over the years?
💫It all paid off handsomely, to the point that hiring managers now prefer independent talent rather than those provided by staffing firms for the following reasons:
📌62% – to complete projects faster
📌55% – to reduce costs
📌49% – access to highly skilled quality talent
📌49% – to increase transparency in the process
💻Source
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🔥 Useful links to websites pt.2
TODO.IS – streamlining tasks and project managements using the latest technology
🙂Proclaiming that it is ‘The Ultimate To-Do List App for Tasks and Project Management!’ Todo.is was launched in May 2024. Sabiry is the company’s Partnership Success Manager and is delighted that Todo.is has received such positive response since its launch and is already gaining traction in the market. Sabiry Is currently building strong relationships to provide support to ensure success for clients using and promoting Todo.is.
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🚀67% of freelancers typically complete up to 3 projects per year.
💻While working on an average of 3 projects seems to be the strategy of choice for 67% of freelancers worldwide, freelancing statistics for the remainder of the spectrum are equally interesting. Delving into 10 or more projects per year is a feat only 8% of freelancers attempt.
🎥The percentage of freelancers that separate their time between 5 and 9 projects comes in at 12%, and approximately 21% of freelancers only opt to work on one project a year.
🔗Source
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💻35.5% of freelancers are working from Europe.
🔵When we consider the number of freelancers in the world and their location, Europe might just be the cradle of freelancers with over one-third operating from there. Freelance statistics show that 29.2% of the global freelance community is concentrated in Latin America and 28% are in Asia.
➡️The remaining 10.1% of the freelance workforce is on the African continent.
🔗Source
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📆The gig economy is on the rise
⬆️Digitalization, the advance of artificial intelligence, and the impacts of the 2020s’ crises have left lasting effects on the world of work. The trend is distinctly shifting towards the Gig Economy and freelancing.
⬆️Forbes reports a 59% increase in full-time working freelancers in the US last year. However, the demand seems unmet, with a whopping 79% of US companies planning to increasingly rely on freelance experts in the future.
📆Top Reasons For Freelancing
More than half of US freelancers (56%) agree the leading reason for taking work on a gig platform is to save up extra money.
➡️This is followed by needing to cover gaps or a change in income (52%).
🔗Source
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