Can freelancing be a substitute for a Full-time job?

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Can it be? Yes, freelancing can surely be a substitute to full-time jobs. But…

Before you decide to quit your full-time job and switch to freelancing full-time you must know that besides being an insecure and inconsistent option, freelancing is also a difficult mode of working to start with and not everyone tastes success in the end. Let’s take a look at some of the differences between freelancing and full-time jobs.

A difficult beginning

While some people may consider that getting through a job interview and finally acquiring a seat is a tough call, a freelancing quickstart might prove even tougher. In the beginning when there isn’t much under your belt to boast about, finding, convincing and securing your first client may take longer than securing a full-time job. You must understand that clients look for best options at the minimum expenditure, and, also, there are others who aspires the same career as you. Hence, you must be ready for a long haul before you see yourself cruising ahead in the right direction.

Days without work

Even after you’ve been in the business for a long time, it doesn’t guarantee that you’re always going to have enough work to keep you occupied for like each day. You may go without work for a single day to several days, weeks or even months. If you don’t have enough money in reserve, you might be in for a very difficult time, not only financially, but also mentally. Be prepared for that.

No boss – A boon and a curse

Some may consider that not having a boss is a boon. Of course if you had had a bad experience with a boss, freelancing would come as a delight. However, not having a boss has its own disadvantages too. First of all, there is no one to scrutinize your work, so you may lack that sting. You may find yourself unable to tackle those deadlines without a constant nagging you would have received from a boss. Well, if you’re quite organized all by yourself the no-boss factor of freelancing may come as a boon, and, on the other hand, if you’re not so organized this may prove to be a curse. If, in the latter case, you do not make yourself organized in time, it may lead to your downfall.

Life of a loner

As soon as you decide to be a freelancer you must be prepared to become a loner. Since, you’ll be working from your home itself (in most cases) you’re not going to see many people, except for those present at your home, or an occasional client who wants to discuss the project face to face. Thus, it becomes essential that you take break from work (or in between two projects) and go out frequently with your family and friends. Also, to avoid a complete sedentary life, you must start working out, if you’re not already doing so.

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No perks

One of the major disadvantages of freelancing over full-time jobs is that you would no longer receive those additional perks that you receive with a job.

Additional expenses

  • Bills: Working from home means you’re going to have to pay extra bills for electricity, internet, and other things, which are otherwise paid by your employer when you spend a large portion of life in their premises.
  • Taxes: There are many taxes that you might have never bothered about while you were working for someone else. However, if you’re your own boss, consider that all those taxes would be paid by your own pocket, which means another major deduction from that money you’re earning through freelancing.
  • Instruments: Also, you’ll be using your own instruments for working. For example, laptops, stationary, printing costs etc. Most of these not only warrants onetime expense, but also constant expenditure on maintenance, like if your laptop is broken down you will have to get it repaired as soon as possible to continue your work again.
  • Marketing: You cannot undermine the additional costs of marketing. Without a good marketing you’re never going to spread out your name. And, good marketing means equally higher expenditure.
  • Vacations and medical leaves: You’ll have to say goodbyes to that money which you receive while on vacations or while on a sick leave in a full-time job. If you’re not medically fit to work, or you’re going out for a few days, it means you’re not getting paid for that many days.

Find your own clients

Not only additional marketing expense but also a great time of your day would be spent in finding new clients. You’ll have to market yourself aggressively, post bids on all those freelancing websites, make good use of social media, and of course tell others face to face about the work you do. While in a full time job you never have to worry about finding clients, it becomes a major task in freelancing taking away both your time and money.

Conclusion

Now that I have told you about some of the major obstacles that you may have to overcome before finding a successful freelancing career, it’s time to conclude. Eventually, both full-time jobs and freelancing have their own set of advantages and disadvantages, and the decision to choose one comes to your own preferences, your current status and requirements.