Freelance Jobs Vs Side Hustle Gigs
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FREELANCE JOBS VS SIDEHUSTLE GIGS
Are you planning to quit your job or start your own side business? Whatever you do, you are stepping in to become an entrepreneur. Before beginning a side hustling business or freelancing business, you must be aware of the pros and cons of both to make your decision. Whatever decision you make, you will also get a few negative aspects along with it. Hence deciding to go freelancing or side hustling gigs depends on your personal choice. Let us start with Freelance job vs Sidehustle Gigs and dive into their pros and cons.
FREELANCE JOBS – THE PROS AND CONS
If you are thinking of being a freelancer, consider the following pros and cons to help you determine whether it is right for you or not. It is true that many individuals like the idea of freelancing, whereas some do not prefer it as it appears to be an unreliable job. Check out its advantages and disadvantages.
ADVANTAGES OF BECOMING A FREELANCER
Below is a list of some pros to become a freelancer –
The main benefit is the flexibility you get when you go solo working. You, at this moment, get the choice to select the timing for starting your work and finishing it at your convenience. You can work from almost anywhere while freelancing. It provides you a typical comfort zone to work from any place, whether your home, cafe, another city, or another country, as long as you have internet connectivity.
WORKLOAD UNDER CONTROL AND FREEDOM TO CHOOSE CLIENTS
Freelancers have the freedom to select their clients – with whom they are willing to work. They can choose several clients or a handful of clients depending on their preferences. Another advantage of freelancing is to decide your workload on your own. You can select projects that seem appropriate to you. You can concentrate on your work without any distractions typical in full-time jobs such as unavoidable meetings, unsolicited calls, and so on.
NO LOCATION RESTRICTION
Whether you prefer to work on a balcony, living area, or bedroom, it is your call. You can select your work environment as per your choice, such as home, coffee shop, vacation spot, etc. You no longer need to be stuck in your office chair and work continuously for hours. Also, there is no uniform to wear or any formal office wears; you can work in your comfortable clothes, such as pajamas, lowers, shorts, etc.
YOU BECOME YOUR BOSS
There is no need now to hear orders and commands; you are your boss in freelancing. You do not have to answer anybody regarding work except yourself and the clients. Nobody is going to lead you or direct you; you are your manager also. You, your decisions, and your responsibility for work are all under your control.
ALL PROFITS ARE YOURS
Yes, you can work at your flat rate depending on your projects and their budgets. All profits you get are yours and will come to you directly from clients without mediators. It provides you the independence to use the money to expand your business or improve your skills.
VARIETIES IN WORK
Lots of jobs are available in freelancing according to your skillset. Choose your assignments as per your skills and desires, select a project you enjoy, and start working. It is so easy to do so as there are lots of varieties available in freelancing work.
HAVE A LOOK AT SOME CONS
● Sometimes, you will need to share your income with the tax authorities for work done on freelancing platforms.
● You are not eligible for employee benefits that regular employees receive every year.
● There is a risk of not getting payments as some fraudulent activities might be there, although there are ways to protect yourself.
● Problems of cash flow may also rise.
● The flow of work may not always be the same. Sometimes, you will have too much work, and at other times, you may accept any job to meet your revenue targets.
● You will have to handle everything of a project, right from signing non-disclosure agreements to preparing invoices.
And so on.
Thus, these are some advantages and limitations of doing freelancing jobs. Let’s move ahead to the topic of Freelance jobs vs Sidehustle gigs with pros and cons of side hustling gigs.
SIDE HUSTLING GIGS – THE BENEFITS AND LIMITATIONS
Now, side hustle businesses are great to invest your time in, anytime. You can start your business without the need to leave your full-time job. Yes, you can run your business side by side after the full-time job hours. It may be an additional source of your income. Side hustles provide you much more than you can imagine, along with some limitations. Let’s explore –
The perfect way to build and grow professionally along with your career is to extend your network. You might have heard the saying – “It’s not about what you know, but it is about who all know you.” And so side hustle business will help you expand your network by meeting people regularly such as customers, vendors, etc. It may help you connect to a wide range of people.
Beginning a new side business staying in your corporate job helps you know your true worth and capability. Also, there is no loss to start a side business because you will keep getting a regular salary. It will give you more confidence to charge a high price or walk away from projects whenever needed.
GETTING MULTIPLE INCOME SOURCES
There are many ways to make time for side hustle jobs and many reasons to start a side hustle. Making extra money never seems a bad idea to anyone. A side hustle business also leads you to gain new skills exploring your passion with different income sources.
SELF-DEVELOPMENT AND AWARENESS
Working and exploring your ideas can make you learn different sorts of things about what you are, your likes and dislikes. Apart from skills, you will learn management skills as you run your own business along with a corporate job. You will develop a personality as a boss and employee and the correct way of communicating with clients. You get an opportunity to understand your strengths and weaknesses.
CROSSING FINANCIAL GOALS QUICKLY AND FASTER
Having an extra source of income may lead you to reach financial goals quickly and efficiently according to your convenience. It may also help you to save money for your other financial purposes.
SOME CONS OF SIDE HUSTLE GIGS
● Side hustle gigs may be stressful and exhausting sometimes because you need to work after your working hours.
● You will have to get out of your comfort zone.
● It decreases your “Me-time” availability.
● You will have to put in extra hard work as it can be a time-consuming task.
● You will have to keep your leisure aside.
And many more.
Freelancing and side-hustle gigs have their own positive and negative sides. You have to choose at your convenience, keeping your priorities on top. What to choose – Freelance jobs vs Sidehustle gigs? Read the above pros and cons to decide wisely.
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