Freelancer

Updated: 08/02/2020 by Computer Hope
Male freelancer working on a laptop.

A freelancer is an independent contractor. The use of independent contractors can be used for many industries. It is fairly commonplace to employ contractors within many industries, where the aspect of utilizing talent while keeping overhead costs associated with personnel down. With the modernization of the Internet, freelancing opportunities have exploded. By searching the Internet, you can find a large variety of opportunities. You also find that the old constraints of location are no longer valid. International workers can compete for jobs as the Internet allows direct communication despite the distance between people. It is also extremely enticing since the needed tools are a computer and a high-speed Internet connection to set up a virtual office anywhere.

Freelancing websites are quite popular now. Each freelancing website allows freelancers and employers to register and build profiles. These profiles keep track of a person's skills and reputation. The two main types of jobs are hourly and fixed-price. With hourly jobs the website usually installs an application to track time spent on the project. A fixed-price job may allow specific payments at milestones, but full payment is withheld until the product is delivered.

Freelancing tips

Below is a short listing of freelancing tips and things to consider for those interested in becoming a freelancer.

  • Working from home is not as easy as most people think, with distractions and how easy it is to put things off until later. Keep a strict schedule or set hours you must work each week.
  • Always work for what you think you are worth. If your work is not an hourly contract, calculate the hourly rate to verify you are getting fair compensation.
  • Create a portfolio or website that demonstrates your abilities and past work examples.
  • Take care not to accept so many jobs that you cannot complete all of them on time.
  • Understand taxes or talk with an accountant. It is usually your responsibility to pay taxes on your earnings. Make sure to save a portion of your earnings for taxes.

Business terms, Gig, Internet terms, Jobs, Virtual assistant