Author: Freelancing Buzz

The Future of Freelance Work, What You Should Know

We all know that businesses are hiring freelancers at an
amazing rate. We also know that freelancers enjoy many benefits from working
from any location at any time of day. All of this is old news.

Companies of every size and type hire freelancers. In fact,
one study says that 40% of companies hire freelancers mainly because the work
can be scaled to meet the business’ needs. Why should a company hire a
full-time employee to write website content? Especially when managers may
struggle to figure out how that particular employee should fill the rest of his
or her day?

As someone interested in freelancing, you know how gratifying it is to work from home or on the beach or in the carpool line. You also like being able to make more money if you put in more time. In other jobs, working hard earns a pat on a back not an increase in pay.

We all know how freelancing benefits everyone involved. What
is the future of freelancing? Is it a trend that will play out over time, or is
it here to stay?

Here are five truths about the future of the freelancing
world.

1. Companies will need more skilled freelancers.

Surveys of hiring managers for companies say they are having a hard time filling technology, marketing, and legal positions within their companies. This is why many of these companies have turned to platforms such as Upwork to help fill in the expertise gaps that plague certain areas of the country.

One only has to look at the fastest growing need skills on Upwork to see that companies are looking for technical experts who are freelancers. Companies are seeking people knowledgeable in Hadoop, Dropbox API, Genetic Algorithms, Microbiology, and Computational Linguistics.

Other studies say that companies will be seeking people
knowledgeable in Blockchain, Tensorflow, Voice Over Work, and Content Strategy.

If you are a freelancer, you need to be self-driven enough
to learn new skills to make yourself marketable. Successful freelancers will be
able to analyze the freelance marketplace to see what skills they need to develop
to meet the growing needs of employers.

2. Companies will hire freelancers from traditionally
service-oriented professions.

Even professions that previously were excluded from
freelance opportunities are hopping on the bandwagon. Some platforms connect
freelance doctors and nurses to fill unmet needs in communities across the
country. Doctors and nurses can also meet virtually with patients in remote
areas.

Teachers can work at virtual schools or teach English as a
second language to children and adults across the world (if they aren’t opposed
to working VERY early hours.)

Musicians can provide back-up vocals for recordings or bass
guitar rhythms from the comfort of their own studios.

There are also freelance project managers who are finding
work in some industries.

Freelancers used to be those lonely looking people sitting
in the corner of coffee shops. Now, freelancers can come from any industry and
work in every type of job.

3. Freelance platforms may become more competitive.

Currently, freelancers are at the mercy of the freelance
website they subscribe to. Look for freelance sites to become more specialized
instead of a one-stop shop. One would hope that the rates the freelance
websites collect from both ends of the transaction will become more competitive
over time as well.

4. Companies may need freelance management systems.

It is already happening. There are management systems
available (Kalo and Cool Company) that offer companies a way to keep track of
freelance work and the workers.

Ironically, companies sometimes need to hire full-time
employees to manage freelance business. Or would they hire a freelancer to
manage the freelancers? That makes my head hurt thinking about it.

5. Freelancers will be able to find support, advice, and
assistance.

Maybe you are thinking about quitting your 9-5 gig and
entering the freelancing world. Perhaps you are tired of driving through rush
hour traffic to make sure you get enough face time with the bosses, so you
don’t get stuck with all the lousy projects.

Maybe you are tired of maneuvering through office politics
and gossip. You are tired of backstabbing coworkers and watching undeserving
people get promoted.

Perhaps you love your work, and you are good at it. You
daydream about being able to sit in an office to complete your job without any
emails or interactions with other people.

Maybe you aren’t compensated for being as skilled as you
are.

The good news is that if you choose to quit your 9-5 job, you can receive help and support from FreelancingBuzz. We will keep you informed of the trends in our industry as well as give you advice on how to turn freelancing into a full-time career.

What if you could skip the freelancing job websites and create your own freelance website to avoid all of the fees and competition? Learn how to make your own freelance website through Freelancing Buzz.

This article was originally posted on www.freelancingbuzz.com

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As the freelance revolution continues to gather steam, the attitudes and preferences of the next generation of successful freelancers is surely a topic of interest. While there is no singular source of insight, we can certainly draw some inferences from the surveys of various talent platforms like Upwork, Toptal, and Flexing It, and from the emerging research on Gen Z’s. So, based on many sources, here are some best guesses about the coming generation of top freelancers: who they are, what they are like, how they see their role, work, client relationships, and their career. Who they are Next generation freelancers will incorporate a far wider range of professions . Freelance airline pilots. Freelance cultural anthropologists. Freelance emergency room physicians. Freelance emergency musicians. Freelance designers. Even freelance baby nurses. They are generally younger, and started freelancing earlier in their career. As many as half will be under 30. But, the next generation of freelancers will also be generationally “lumpy”, with more and more experienced professionals choosing to freelance at mid-career or later. More of the globe will welcome freelancers and more governments – for example, the Nordics – are adapting tax and pension rules to facilitate freelance careers. Next generation freelancers will increasingly hail from or be resident in Africa, Asia and Latin America . They are more diverse in terms of educational background , and less convinced of the singular virtue of a university education. Women will join the freelancer revolution in growing numbers; however, pay inequity will continue to unfairly penalize women freelancers until freelance platforms take greater responsibility to ensure equal treatment. What are they like They are more worldly. Freelancers are part of a worldwide community. Online talent platforms provide the chance to work and interact with colleagues from all over the world. One data point: 65% of Asian freelancers have gigged for North American companies . They are more ethnic, racial, gender and religiously diverse , place strong value on diversity, are more politically aware, generally more liberal, and more demanding that organizations “do no evil.” They are more willing to pick up and move to other locations on a temporary, adventurous, fact finding, or permanent basis. While almost 5 million people describe themselves as digital nomads, the population is expected to increase as organizations adapt and technology access continues to improve. How they think about career The next generation of freelancers will simply know freelancing as an attractive, legitimate, career path . People will no longer assume that freelancers are less talented, or in between jobs. They will find it stranger and stranger to think that professionals must choose between a freelance and corporate path , and see it as natural to move between freelance and fulltime roles several times over the course of their career. But more successful freelancers will be increasingly picky about what clients to work for, not only from a compensation perspective but also the quality of the organization, the assignment, and how they are managed. The line between […]

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// DEFINE YOUR KEYWORDS WITHIN QUOTES var captify_kw_query_11826 = “”; // DO NOT MODIFY CODE BELOW (function(c,a,p,t,i,f,y){i=c.createElement(a);t=c.getElementsByTagName(a)[0];i.type=’text/javascript’;i.async=true;i.src=p;t.parentNode.insertBefore(i,t);})(document,’script’,’https://p.cpx.to/p/11826/px.js’); Kat Molesworth This is an age of true entrepreneurship, with recent analysis revealing more than 320,500 self-employed people in Britain are working two or more jobs. Whether you call it a multi-hyphen or portfolio career, or think of yourself as self-employed rather than a slashie, there’s no denying that answering the once-simple question of “what do you do?” can now result in a more complicated response — especially if you’re a Millennial. Research shows that young people are driving the freelance economy , with the number of self-employed workers aged 16 to 24 nearly doubling since 2001. The reasons for this are numerous; we’re living in a more precarious economy , where zero hours contracts and a high cost of living means that many of us are forced to take on this extra work. But there’s also a strong desire amongst young people to be their own bosses, and technological advances and the rise of remote roles means that it’s easier than ever to do so. However, there’s still gender bias at play in the freelancing world. Research from the Office of National Statistics in 2016 showed that self-employed men still earned more than women in the UK. This, despite the fact that the number of highly skilled self-employed women continues to rise – it’s up 63% since 2008, meaning that 42% of all freelancers are now female. I sat down with three talented freelancing women to ask about their experiences negotiating for pay, promoting themselves and overcoming gender bias in working world. 1. Kyomi Wade, digital marketing professional Kyomi Wade has worked as in the digital marketing world for over six years, focusing mainly in the travel, publishing and fintech sectors while sometimes also working abroad from her laptop. One year ago Wade launched her own marketing agency working on that alongside other lucrative freelance projects such as Facebook ads and article-writing. She says that being overwhelmed with work during that period has taught her to be more selective with her time, and to focus more on her mental health. “I suffer with superwoman syndrome: trying to always take everything on and thinking it would be okay,” she explains. “I launched my business, moved to Spain from London, and lived and worked part-time (for free accommodation) in a hostel. Later, I also decided to pick up a part-time job to get me out of the house, and things became tricky. I probably wasn’t as good at looking after myself before, but it soon became a priority as poor mental health at one point meant I couldn’t do anything at all.” When it comes to negotiating pay, Kyomi is strategic. “Nowadays, I can offer rate reductions when a high quantity of something is desired, but mostly I don’t negotiate, I just maintain my rate and lose the business if that is the case.” And she maintains that freelancing women need to prioritise […]

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Is your project a good fit for an individual freelancer to tackle, or is it better suited for an agency? That can depend on the size of the project, how many different disciplines are required to get it done, and how much strategy and planning you’ll need, among other things. There’s no shortage of talent on Upwork who can handle projects of any type and size . Both freelancers and agencies can track multiple timelines and deliverables using their own employees, subcontractors, or a network of other freelancers. But sometimes you may want the one-stop-shop of an agency, especially if you want to execute larger projects that involve multiple workstreams or functions, particularly within a tight timeframe. There are agencies on Upwork that range in size from a few specialists in a niche market to a full-service agency with hundreds of employees. So which is right for your project, an agency or a freelancer? When engaging talent for your project, you’ll want to consider: PROJECT SIZE, SCOPE, AND COMPLEXITY Small projects can be great fits for solo freelancers. You get the flexibility and ROI of an independent professional who can turn deliverables around on a dime. But larger, more complex projects tend to require robust coordination and planning—something that’s often built into the services an agency offers. Agencies can provide a convenient, single point of contact, which can make more complex projects turnkey—although, you may be able to connect with individual specialists directly as needed. Tip: If just sketching out a brief or timeline seems overwhelming, an agency might be your best bet—or at least, the help of a freelance project manager . Learn more about What You Can Get Done With an Agency Through Upwork >> How Much You Anticipate Project Volume to Fluctuate Over Time One of the best things about tapping remote talent—whether it’s freelancers or agencies—is that they can give your organization the ability to quickly ramp up support when you need it, then ramp back down when demand decreases. If you anticipate that the scope of your project could change or evolve, you might consider an agency. An agency with a full-time team will be able to quickly flex to your needs. They can determine the skills required for each stage of the project and transition talent on or off your project as needed. For example, if there is a degree of seasonality to your production needs—for example, a spike in customer support tickets or traffic during certain times—engaging an agency will help you address volume quickly, with fewer concerns about availability or bandwidth. THE MIX OF SKILLS YOU NEED TO GET IT DONE A project doesn’t have to be enormous or complicated to require multiple people to get it done; however, coordinating all of those different contributors can get complex. For example, an iOS app might take months to code from scratch, but a single Swift developer can handle it from start to finish. On the other hand, a simple landing page may […]

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Temporary and fluid work arrangements cannot match the productivity of a skilled and full-time salaried employee in so many ways Opinions expressed by Entrepreneur contributors are their own. Every day, 10 out of 50 customers who contact us, complain. A lot of people have burned their money and their time with freelancers. Upwork is world’s biggest freelancing site with millions of freelancers, selling crap. Have you not read their reviews yet? Business News Daily cited a 2017 Manta study as to why businesses, especially startups, are shrinking away from the prospect of hiring freelancers. Temporary and fluid work arrangements cannot match the productivity of a skilled and full-time salaried employee in so many ways. The US National Bureau of Economic Research estimates the gig economy grew by approximately 5% between 2010 and 2015, but Manta’s research shows 75% of small business owners never hire freelancers. Additionally, 85% don’t have future plans to hire gig economy workers, while 73% have stated that they have no plans to utilise online marketplaces like Upwork. So why do people turn away from the prospects of freelancers? Why are businesses turning away from the gig economy? Slowly, but steadily, the realisation is setting in. Freelancers can chain you to your desk! It’s Not Their Problem, It’s Your Problem Quality comes with price and experience, then why would you decide on a cheap freak? If you pay peanuts, you will get monkeys. Why you have not checked his/her past work? Why you have not done proper diligence? Have you spoken to his/her past customer? Have you tried freelancer in a relatively small project before outsourcing the complete work? When You Should Hire a Freelancer When you know what you are getting, you are a developer or have CTO; if you can’t audit or advise, there’s a good chance you will fail. Someone who is very successful in getting work done with a freelancer uses proper processes for code audit, backup, task assignment, effort calculation and runs the daily meeting. Taste the Water, Before Wasting your Wine! Try something small and of a fixed scope first, like writing a piece, logo design, proofreading, etc. If you lose them, you won’t waste a lot of time and money. If you are planning to hire him for app development, give him a small assignment and see how it goes. Common Problems With Freelancers Sometimes they just don’t Pick up your Call Many a time, freelancers take an advance payment and as a good connection is built, they just stop picking up the phone or answering emails. They even close down their Linkedin, Facebook and WhatsApp accounts! Starting Price is Mostly Small But It Keeps Adding Up Most of the freelancers make a mess when you ask for customization. In the beginning, to get the account, they won’t charge much but as you go they keep demanding more. When you have your string attached, it really is a pain to find a new guy. After all, what’s the guarantee […]

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Photo: Kari Shea ( Unsplash ) If you’re a U.S.-based freelancer, working with international clients can be a good way to expand your portfolio and earn extra money—but it can also come with some unexpected costs. Different time zones might mean working unusual hours The first cost? Your sleep. As The Freelancer reminds us, working for a client in a significantly different time zone can lead to some late nights or extremely early mornings: A client emails you asking to set up a call at 1:00 p.m. “That sounds great,” you think to yourself. “I’ll have time to grab a little lunch and then get back to it.” You draft a confirmation email, but you stop halfway, remembering this client is based in India. You’re in New York, where 1:00 p.m. for them is actually, uh, hold on, let’s Google it…3:30 a.m. for you. Not great. The Freelancer suggests being clear about your boundaries and availability—that is, being upfront about which hours you generally work and which hours you don’t—but acknowledges that sometimes you’re going to have to sacrifice a night of sleep if you want to keep those international gigs. The same goes for remote freelancers who want to work while traveling the world, by the way. If you’re out of sync with the people who pay you, you’re the one who’s going to need to make the sacrifices. Getting paid might cost you money When you do get paid, you might get stuck with extra fees. The Write Life has a good list of the different types of payment methods available—PayPal, wire transfers, international bank accounts—but notes that you’ll still probably have to pay a few extra dollars just to get access to your hard-earned dollars. When you’re being paid online for international services, you have to understand that you’re going to pay extra fees, in comparison to working with a local client. These fees are tax-deductible, but if you’re currently pinching pennies, you might be better off looking for domestic clients with a more streamlined payment system. (Direct deposit is my favorite method of payment, hands down.) Your taxes might become more complicated On the subject of taxes: When you work with international clients, you’re going to have to be extra-vigilant about your tax obligations. As The Freelancer explains, those international clients might not send you 1099s—but that doesn’t mean you’re not responsible for accurately reporting the income you’ve earned: If you’re based in the US, your international client may not provide 1099s. They’re only an American tax provision. If this is the case, you should still confirm your yearly income with your client, just to be sure your records match and your tax information is accurate. If you’re a U.S. freelancer earning money from international clients while working from a non-U.S. location, it gets even more complicated. The IRS has a calculator to help you determine whether your work is eligible for the foreign earned income exclusion (that is, whether income earned in a foreign […]

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11 Legit, Easy Stay At Home Mom Jobs To Make Money Today 49 Between managing and household and taking care of your kids, it may be hard to imagine adding another job to the mix. Well, that’s where stay at home mom jobs come in. And, as you’re probably aware, kids aren’t cheap. So, for many moms, staying at home and not working isn’t an option. That’s where jobs for stay at home moms come in. Did I just say it twice? Haha With more and more Millenial women staying at home to raise children, you’re not alone in the struggle of finding jobs that also provide you the flexibility to keep up with your kids. In this post, you’ll learn how to: make money from home make money just doing the things you normally do (and get paid thousands) make money with selling a product or service and so many more If this is the article you are looking for and you’re tired of doing a job search, then: Read on! We’ve compiled 11 legit, stay at home jobs ideas that can make you money today so you can spend time with your kids and still bring in the bacon. In some cases, you don’t even need bachelor’s degree or social media account to make money from the work from home jobs. My wife has tried many of these, and they worked out pretty well. Back in the days, she managed to pull in a couple of thousand dollars in total. 1. Take paid online surveys First on our list of stay at home mom jobs is one of my wife’s favorites–getting paid to take online surveys. It’s as simple as it sounds. You take surveys and get paid. Survey Junkie and Survey Club are two good options to start with. Here’s a little more about each: Survey Junkie Survey Junkie is one of the best online work options for stay at home moms options since all you have to do is share your opinions for cash! Literally: Just give your thoughts, and you’d likely earn money in the process. It’s been used by over 6,000,000 members – a testament of how good Survey Junkie really is. SurveyClub makes our list of stay at home jobs ideas because it offers the latest and highest paying research, product test, focus groups, clinical trials, and survey opportunities. Current surveys pay between $3 and $115 per survey . That’s a lot by any standard. What I really like about this platform? The ability to join several survey panels! More surveys equal more chances to earn. 11 Legit, Easy Stay At Home Mom Jobs To Make Money Today 50 2. Get paid to use the internet Did you know that you can get paid to use the internet? No joke. There are legitimate stay at home jobs that allow you to get paid for things you already do, like using the internet. Swagbucks is one of the few sites that can help […]

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The folks at Bonsai, an all-in-one freelancing solution, share their insight on crafting an effective freelance design contract. Use their tips to help take on new projects with clarity, structure, and security. A professional freelance contract makes a massive difference to your client relationships, your job satisfaction, and ultimately, your earnings. We at Bonsai recommend that all freelancers use a contract—whether you create your own or use a template as a starting point. But what should a freelance contract even include? Here are 8 must-haves you’ll want to outline in your contract. 1. Overview of the project Kick things off with a short statement that explains what you will do for your client. There’s no need to ramble on – just include the key details of your initial freelance proposal in the contract. Something like this will do: Joe McDribbble (known as “Contractor”) will provide AwesomeBrand123, (known as “Client”) with 1 new logo and 4 landing pages, as per the Terms and Conditions detailed below. In the overview, you could also include the start date, which should be mutually agreed upon by email or phone. 2. What, how, and when you get paid This is often the freelancer’s favorite part of the contract! Here you’ll explain what you want from the client. It’s important to include not just what you’ll get paid, but how, when, and what happens if your client doesn’t pay. For example: The project fee Allowed payment method(s) Payment deadline Any fees associated with late or non-payment Without a mutually accepted payment agreement, you risk playing the waiting game with clients who prefer to pay when it suits them, not when you need it. This can be devastating to a freelancer’s cash flow. Make your rate, details about deposits, milestones, retainer payments, and final deadlines crystal clear from the outset. 3. Deliverables What will you give the client in return? Include details on: Individual assets (e.g. logo, banner images, etc.) Target delivery dates for each asset Milestones for larger projects Delivery method and file types (e.g. PNG or JPEG? PDF or Dropbox file?) Ensure you include everything, which brings us to… 4. Project scope One of the biggest mistakes freelancers make with design contracts is failing to get specific with the deliverables. Suddenly, you’re dealing with “scope creep” as clients continue to add extra aspects, tasks, and revisions. Before you know it, you’re working countless hours for free. A solid freelance contract will prevent this from happening. Use it to draw a line so your client knows what’s included, and what’s not. 5. Revisions and additional work Good clients are often satisfied with a single round of revisions, but others can be picky or indecisive and may press for more. Do yourself a favor by inserting a clause that will protect you from any client who changes the project’s core details or direction halfway through. This will limit revisions and encourage clients to be very clear about what they want upfront. For example, if the project […]

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Every investor in Freelancer Limited ( ASX:FLN ) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, ‘Don’t tell me what you think, tell me what you have in your portfolio.’ With a market capitalization of AU$321m, Freelancer is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it’s seems that institutions don’t own many shares in the company. Let’s delve deeper into each type of owner, to discover more about FLN. ASX:FLN Ownership Summary, April 25th 2019 What Does The Lack Of Institutional Ownership Tell Us About Freelancer? Small companies that are not very actively traded often lack institutional investors, but it’s less common to see large companies without them. There are multiple explanations for why institutions don’t own a stock. The most common is that the company is too small relative to fund under management, so the institition does not bother to look closely at the company. Alternatively, there might be something about the company that has kept institutional investors away. Freelancer might not have the sort of past performance institutions are looking for, or perhaps they simply have not studied the business closely. ASX:FLN Income Statement, April 25th 2019 Hedge funds don’t have many shares in Freelancer. There is some analyst coverage of the stock, but it could still become more well known, with time. Insider Ownership Of Freelancer The definition of company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own the majority of Freelancer Limited. This means they can collectively make decisions for the company. Given it has a market cap of AU$321m, that means they have AU$262m worth of shares. Most would argue this is a positive, showing strong alignment with shareholders. You can click here to see if those insiders have been buying or selling. General Public Ownership The general public, with a 18% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper […]

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This content is not generated by the Emory Wheel. This classified ad is paid content. Do you have the heart of an artist and the spirit of an entrepreneur? Does the idea of working from home or anywhere in the world sound appealing to you? Then freelance graphic design may be a great career for you! All you need is a computer, internet, business knowledge, and graphic design skills to be successful. Graphic designers can take on a variety of freelance projects. From creating logos to blog graphics, graphic designers can find a variety of different projects and contractual work. So what makes freelance graphic design work different from the usual 9 to 5? Freelance graphic designers are typically paid on a per project basis or have a contractual position. This means that they are able to work for multiple companies as long as their contract agreements allow. They also set their own hours but must meet their deadlines like any other position. So, what are some things to know and consider before becoming a graphic designer? Read on to find out more about freelance graphic design. Freelance Graphic Design: Where Art Meets Entrepreneur Not all freelance graphic designers have college degrees, but almost all of them will need to provide work samples to their potential clients. This means you’ll need a portfolio and potentially your own website as a freelance graphic designer. Explore additional information to know about freelance graphic design before making the leap. Tax and Business Laws Self-employed individuals pay taxes differently than people employed by a company. Self-employed individuals will need to pay taxes directly to the IRS on a quarterly basis. They will also need to complete taxes during regular tax season. You’ll also need to decide on which business structure makes the most sense for your freelance career. Research your local laws to also see if a work permit is necessary for working at home. It’s also a good idea to hire an accountant for bookkeeping purposes. If you want to do this yourself then computer software is available that can track receipts and invoices. Time Management Many freelancers struggle with time management . It’s easy to get distracted at home when Game of Thrones articles are just a click away and your bed is nearby. But, if you really want this to work long-term then time management is key. You’ll also want to promote work-life balance. This can keep your stress levels in check and your personal life intact. Concise Contracts When signing a contract with a company, make sure to thoroughly read the contract. Make note of the payment terms, amounts, and payment schedule. You’ll also want to make sure that the deadline is reasonable. Don’t be afraid to say “no” to more projects than you can handle. Get a Toolkit All artists need a toolkit and graphic designers are no different. By now, you probably have a list of your favorites, but many apps and computer programs exist to make […]

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