Professionals are leaving traditional 9 to 5 jobs to become freelancers. Freelancing has become a popular career option because of the numerous benefits it offers. This article will explore the top benefits of freelancing in 2024—but is it really worth it to go freelance?

Freelancers have this reputation of people chilling on a beach with a laptop. But it’s not all that. Or not just that…

Benefits of freelancing, why should you freelance in 2024

Independence, You Don't Have a Boss

One of the biggest advantages of freelancing is the independence it provides. As a freelancer, you are your own boss. You can decide which projects to work on, set your own deadlines, and create your own schedule. This means you can have more control over your work-life balance and can enjoy more flexibility.

According to a study by Upwork, freelancers are more satisfied with their work-life balance than traditional employees. In fact, 63% of freelancers reported feeling very satisfied with their work-life balance, compared to only 43% of traditional employees. This increased satisfaction is likely due to the independence that comes with freelancing.

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You Can Work on More Interesting Projects

As a freelancer, you can choose the type of projects you want to work on. This means you can select projects that interest you and that you are passionate about. You can take on work that challenges you, and that allows you to use your creativity and problem-solving skills.

A study by Payoneer found that 68% of freelancers are happier working on projects they choose, rather than those assigned to them by a boss. The ability to choose your projects can lead to increased job satisfaction and can help you develop your skills in areas that interest you.

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You Can Earn More as a Freelancer

Freelancing can also be financially rewarding. (Yeay, duh, right?)

According to the 2021 Freelance Income Report by Upwork, 75% of freelancers earn the same or more than they did in traditional employment. Additionally, 64% of freelancers said they charge more per hour than they did in their traditional job.

There are several reasons why freelancers can earn more than traditional employees. For one, they have the ability to set their own rates. Additionally, they can take on multiple clients and projects, which can increase their income. They can also take on work that pays more than traditional jobs in their field.

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Remote Work is More Popular than Ever

The COVID-19 pandemic has accelerated the trend of remote work, and freelancers are perfectly positioned to take advantage of this trend. 

With remote work, you can work from anywhere, whether that's from the comfort of your own home or from a beach in Bali. You can work with clients from all over the world without ever having to leave your house.

In a study by Buffer, 98% of respondents said they would like to work remotely at least some of the time for the rest of their career. Remote work offers many benefits, including increased productivity, cost savings, and improved work-life balance.

You Can Improve Your Skillset

Freelancing can also be an opportunity to improve your skillset. By working on a variety of projects and with different clients, you can develop new skills and expand your knowledge. You can also take courses or attend workshops to develop new skills that will make you more marketable.

According to a study by HoneyBook, 68% of freelancers said they learn more on the job than they did in traditional employment. Additionally, 54% of freelancers said they have learned new skills in order to become a freelancer.

Personal Growth

Freelancing can be a path to personal growth. By taking charge of your career and working independently, you can develop greater self-awareness and confidence. You can also develop important soft skills, such as communication, time management, and negotiation.

According to a study by Fiverr, 80% of freelancers said that freelancing has helped them develop new skills and improve existing ones. In fact, many freelancers reported that they had developed skills that they had not even considered before becoming a freelancer.

Improved Work Satisfaction

Freelancing can lead to improved work satisfaction for several reasons. For one, freelancers can choose to work on projects they find interesting, which can lead to a greater sense of fulfillment. Additionally, freelancers have more control over their work-life balance, which can lead to decreased stress and improved mental health.

In a survey conducted by Freelancers Union, 79% of freelancers said they feel more passionate about their work as a freelancer, compared to when they were in traditional employment. Additionally, 77% of freelancers said they have a better work-life balance as a freelancer.

Access to Global Clients, Not Just Local Gigs

As a freelancer, you have the ability to work with clients from all over the world. This can open up new opportunities and allow you to work on projects that you might not have access to in traditional employment. You can also work with clients who have different perspectives and approaches to work, which can help you develop new skills and improve your work.

In a survey by Payoneer, 59% of freelancers said they have worked with clients from more than one country. Additionally, 85% of freelancers said they would like to work with more international clients in the future.

The "Pizza" Method to Go from ZERO to Freelancer in 21 Days

Learn what mistake all beginner & many established freelancer make, and how to overcome this mistake!

Watch the webinar
The "Pizza" Method to Go from ZERO to Freelancer in 21 Days

Free Course

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Learn what mistake all beginner & many established freelancer make, and how to overcome this mistake!

And why non-freelancers can achieve a life on independence and financial freedom.

The "Pizza" Method to Go from ZERO to Freelancer in 21 Days
Learn what mistake all beginner & many established freelancer make, and how to overcome this mistake!
Watch the webinar