Is freelancing just a hot trend or a great way to build a profitable career? What’s the future of freelancing going to be like? Will there be freelancers by 2027? Let’s find out.
One of the biggest questions beginning freelancers have is whether or not freelancing is a good choice for a long-term career. Well, I can go and on about how profitable freelancing is, how everyone will be working from home in the future, or why it’s better than working at Apple.
Instead, I decided to gather some evidence and prove to you that freelancing is a more stable way to work than most other jobs. Here’s proof.
The Current State Of Freelancing Today
Automattic, Buffer, Edgar, Groove, Ghost, InVision, Hubstaff, Toggl, Doist, Zapier, Toptal, Trello, Basecamp, are among the companies that equip 100% remote teams. (Zapier Blog)
36% of the US workers (57.3 million) are freelancers who work from home. They collectively contribute $1.4 trillion to the economy every year. It’s a 30% increase since 2016. (UpWork/Freelancers Union) 63% of freelancers in the US choose a work-from-home career over traditional jobs. (UpWork/Freelancers Union)
More freelancers believe their career is more stable than a day job by having a diversified portfolio of clients than a job with one employer. (UpWork/Freelancers Union)
61% of freelancers specialize in 2 to 3 talents. (Slash Workers)
77% of freelancers state that they are not more financially stable since ditching their day jobs to go freelance. But 68% say their life has improved since they started freelancing and much happier than before. (Slash Workers)
48% of the female freelancers make less than $25,000 a year while men are 4.5X more likely to earn over $150,000 than women. (Slash Workers)
In 2016, Freelancer.com received a total of 10.6 million job postings from clients with a total of $3 billion in paid transactions. (Freelancer.com Annual Report PDF)
One study shows that working from home improves work performance by 13% and the company also saw a $2,000 increase in annual profit after letting employees work from home. (Stanford Graduate School of Business)
Millions are shifting to online jobs today. It is the future of work. One gets to earn BIG fast with the right focus and determination.