In 2011 I asked if we were in the midst of a freelance revolution.
“This transition is nothing less than a revolution. We haven’t seen a shift in the workforce this significant in almost 100 years when we transitioned from an agricultural to an industrial economy. Now, employees are leaving the traditional workplace and opting to piece together a professional life on their own. As of 2005, one-third of our workforce participated in this “freelance economy.” Data show that number has only increased over the past six years. Entrepreneurial activity in 2009 was at its highest level in 14 years, online freelance job postings skyrocketed in 2010, and companies are increasingly outsourcing work. While the economy has unwillingly pushed some people into independent work, many have chosen it because of greater flexibility that lets them skip the dreary office environment and focus on more personally fulfilling projects.”
—The Freelance Surge is the Industrial Revolution of Our Time:
Fewer Frustrations, More Stress
I’m in my 14th year of operating solo and have watched as several of my colleagues have gone independent and I have learned from others who have been freelancing longer than me. I know that many salaried jobs can be frustrating, from my own experience, client work, and talks with friends and colleagues. On the other hand, freelancing is probably less frustrating, as you have much more control, but more stressful for the same reason.
Nine years ago I wrote an article, So you want to be an e-learning consultant?, and updated it on this blog in 2011, So you (still) want to be an e-learning consultant? In 2007 I advised those considering consulting to keep costs low and not overestimate how much they will make. I noted that many clients pay 30 days or more after being billed. Well reality is that some clients take over 100 days to pay, as standard policy.
The freelance consulting field continues to grow, so there is constant global competition. This can make it a buyer’s market. I know many free agents who have significant gaps between paid work. I am currently in a period of several months without client work. During the last recession I went over eight months without revenue. If you are going to make the move, ask yourself how long you can last without any new income. It should be at least three months.
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