What is Freelancing & What Does it Mean to Freelance?

What is Freelancing

Welcome to Freelancing Tutorial.

Do you wanna have the FREEDOM to work at your own schedule?

Do you wanna have the FREEDOM to work anywhere you want?

Do you wanna have the FREEDOM of your life?

Then this is the right tutorial for you.

The world is changing. And more and more people are moving to freelance work, to help them achieve a better lifestyle and income for themselves and their family.

This Freelancing tutorial is specially designed for those people who loved to work from home and want to be his own boss

What is Freelancing & What Does it Mean to Freelance?

If you have heard approximately the word freelancing however nevertheless do now not understand what is meant by freelancing. In this tutorial, you’re going to learn the freelancing definition in detail so you can kick-start your career as a freelancer and start making money.

Amid COVID-19, many peoples all over the world have lost their full-time job. Students are struggling to locate their dream job they eye on at some stage in their four years college degree.

You may be thinking, “so what is freelancing?” Freelancing means to work as an independent company instead of be employed through someone else. Freelancers are self-employed and often called independent contractors.

Freelancers are hired by other companies on a part time or short-term basis, however they do not receive the same compensation as full-time employees or have the same level of commitment to any precise company.

With the rise of the gig-economy, people are talking about freelancing more than ever before. And that’s because there are more freelancers today than there have ever been in history – a 2019 study by Upwork and Freelancers Union indicates that 57 million Americans freelanced in 2019.

And in line with the same study, 53% of workers aged 18-22 are freelancing.

If you prefer, you can also watch the tutorial video below:

A rise in Demand for freelancers:

With close to forty million Americans unemployed by last May 2020, people began learning online skills inclusive of content writing, graphic designing, web development, and even low-paying skills such as virtual assistant.

In order to make ends meet, These American freelancers began offering these skills online and a lot of them had been self-employed for nearly a 12 months now. Pandemic certainly has fueled freelance growth. It’s a rise of a trillion-dollar workforce.

According to an Upwork report, about fifty nine million Americans are doing Freelancing. These freelancers are producing $1.2 trillion in annual earnings. This new shift within the job marketplace has also allowed these freelancers to outsource their work, for that reason empowering freelancers from many South Asian Countries.

Other terms for freelancing

Not everyone uses the term “freelance” or “freelancer” on the subject of work that a freelancer may also do. In fact, even most freelancers refer to themselves as “self-employed.”

So other terms you may want to be aware to that relate to freelancing include:

• Contract work: Jobs where you’re running to fulfil a short-term or part time contract

• Contract job: Same as above.

• Independent contractor: This is the IRS classification of a freelancer

• 1099: Freelancers are paid the use of a tax form referred to as a “1099-MISC” instead of your typical, full-time W2. Sometimes “1099” is used to refer to a freelancer.

• Contract consultant: This term refers to a consultant coming in under a 1099 contract for a short period of time.

• Contract-to-hire: Sometimes freelancers are interested by full-time employment. Contract-to-hire roles offer a sort of “test period” for a freelancer before they may be hired full time.

Thanks for reading! We hope you found this tutorial helpful and we would love to hear your feedback in the Comments section below. And show us what you’ve learned by sharing your projects with us.

salman khan

Written by worldofitech

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