Almost anyone can earn money freelancing. The only prerequisites are having the skill to do work (or learn on the job) and a computer or internet connection. If you’ve ever considered doing freelance work, now’s a great time. If you are looking to jump into the freelance bandwagon, whether for extra income or as an additional stream of revenue to replace your full-time job, this article is for you.
The freelance market is booming and will continue to grow over the upcoming years. Until recently, freelancers had to choose – take on a salaried position with a guaranteed income or work based on project rates.
With the emergence of innovative platforms and a new economy where businesses opt for a flexible workforce, the freelance market has grown substantially. Although there are still questions to be answered, 2021 appears to be a year of growth for freelancing. The ways people make money are likely to change in the following years, leading to more competition for platforms like Upwork, Fiverr, and many others.
There's also essential information you need to know as you transition to freelancing. The most important thing to consider is to understand the income rates in your field. So extrapolating the most recent data points should let us estimate how much freelancers will make in 2021. With that in mind, we’ve put together a list to help you know how much freelancers can earn along the way.
Question: How much can I earn as a freelancer?
Of course, many factors affect freelancers’ rates. Freelancers can charge different rates based on their experience, specific skill sets, education, training, reviews/deliverables, and location.
Whether you're looking to dip your toes into freelancing for the first time or you want to earn side income on the side, there are many professions you can choose from. Here are some of the most popular freelancing jobs, their average hourly rates, according to CNBC.
You can also check the hourly rate calculator to learn how much you can charge your clients.
Although these numbers can be helpful, they don’t tell the whole story. Furthermore, hourly rates and salaries can vary according to which part of the world you live in – so what may be a reasonable salary for someone living in Uzbekistan might not seem suitable for someone living in New York City.
In conclusion, the freelance workforce will continue to grow. This is because of the growth in the number of people choosing freelancing as their full-time jobs rather than holding positions at traditional companies. A freelance career offers a lot of freedom and flexibility, but it can also require a lot of time and work to establish a steady income. To decide if freelancing is right for you, you should consider how much you value your earnings potential and the value of the lifestyle benefits.
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