The Good and Bad About Being a Freelancer


Freelance is a form of self-employment where you work independently and on your own terms. It’s not always easy, but it can be very rewarding if you do it right.

When it comes to finding clients, freelancers need to get in touch with the right people at the right time. That’s where networking events and word of mouth come into play.


The freedom to decide your own schedule, clients, and projects is the key benefit of being a freelancer. Having the ability to choose your own work hours can help to improve your productivity and reduce stress. This is especially important for those who need to balance their work and family obligations.

Another major benefit of being a freelancer is the ability to work from anywhere in the world. These days, it is easy to find a stable internet connection, and you can work from any place that has an internet signal.

Freelance workers have the freedom to travel and explore new parts of the world, without sacrificing their income. They also have the option to work from home or from a co-working space, which allows them to build a work-life balance that works for their lifestyle and interests.

Being a freelancer offers many other benefits, including increased earning potential, increased personal growth opportunities, and improved emotional health. While being a freelancer can be challenging, it can also be rewarding and incredibly fulfilling for those who value autonomy and independence in their work.

In addition, being a freelancer gives you the opportunity to choose your own clients and projects, which can be a great way to build a professional relationship with others and develop new skills and experiences. This can be particularly useful if you want to pursue work that aligns with your values and passions.

You can even choose to work with clients who share your values, which can be a great way to develop a strong sense of identity and purpose in your work. This can be particularly helpful if you are passionate about environmental issues, as it can give you the chance to work with organizations that have an impact on the environment.

While working as a freelancer does have its benefits, it is important to remember that it takes a lot of hard work to make it a successful career. If you are serious about achieving financial freedom, you will need to invest a significant amount of time and effort into building a sustainable business.


Freelance work is a great way to make money on your own terms. But it can also come with its own set of challenges. The most common ones include ups and downs in income, late or nonpayment from clients, and rejection from potential clients.

Most freelancers begin their career on a part-time basis, working for small businesses that don’t need large amounts of their services. This allows them to earn a steady stream of income while learning the ins and outs of the job and building the experience they need for future full-time jobs.

Many people who decide to freelance do so for the freedom and flexibility they feel it offers. But it can also have its own set of issues that can impact their overall well-being.

When you are a freelancer, you will need to be willing to accept projects that do not meet your expectations. This can be frustrating, but it is important to remember that these are just temporary opportunities and you can always turn them around or find a new client.

Another issue is that you will need to be able to bill your clients for the work you do. You will have to keep track of the amount owed and bill them when it is due. If you cannot pay your bills on time, you will have to seek other sources of income.

The most common way to deal with this is by having a separate bank account for business expenses and personal expenses. This will help you keep your finances organized and make sure you are on track to meet your financial goals.

It can be hard to know what your financial goals are when you are a freelancer because your income is so inconsistent. One month, you may make more than you have ever made in your life and the next month, nothing. You need to be able to handle these fluctuations so that you can continue to support yourself and your family.

This can be challenging at the start, but with the right resources and an experienced mentor, you can succeed as a freelancer. The best way to build your freelance career is to have a plan and be proactive about promoting yourself.


If you’re a freelancer, there’s a good chance you have to pay taxes out of your own pocket. You’ll need to know how to manage your taxes, including calculating and filing your income tax return.

As a freelancer, you can take certain tax deductions that aren’t typically available as a regular employee, such as office supplies and equipment. However, it’s important to remember that these deductions need to be ordinary and necessary for the operation of your business.

You may also be able to deduct expenses for items you use in your home office, such as utilities and phone service. These can be especially helpful for freelancers who work from home and need to maintain a separate office space.

In addition, you can deduct your cell phone and Internet service costs if you only use these services for work purposes. This can be particularly beneficial if you live in a remote location and want to save money on cellular data usage.

One of the biggest challenges that new freelancers face is how to track all their expenses and identify tax deductions. A simple way to do this is by opening a separate bank account that’s specifically dedicated to your business.

Once you’ve established this, it’s a good idea to regularly check your accounts to see if you’re making any mistakes. You might even want to consult with a professional to make sure you’re taking all your deductions correctly.

If you’re not a fan of the whole paperwork and tax-prep process, consider using software that’s designed to help with these types of tasks. You can find a variety of freelance-specific tools, such as Bonsai Tax, that can help you keep track of your expenses, identify your tax deductions and estimate your quarterly taxes.

When it comes to paying your taxes, freelancers should be aware of two main things: the tax rate and the tax refund threshold. According to Suzanne Vanzant, owner of Professional Public Accountants in Miami, Florida, “Freelancers are often tempted to over-deduct their taxes and not pay as much as they should.”

The IRS requires small businesses (including freelancers) to make quarterly estimated tax payments. These payments cover your taxes for the year and are due every quarter. If you underestimate your quarterly tax payments or don’t pay them at all, you could be charged with a penalty.


If you’re a freelancer, there are many different types of clients you can work with. Some of these clients will require you to do only a specific service (like writing an article or designing a website), while others will request more comprehensive work (like a writer-designer team that can create an annual report).

One of the best ways to find new client opportunities is to get out there and network. Start by asking your family and friends if they know anyone who might need your services, then reach out to your classmates and former co-workers to find out if they have any contacts who might need your services as well.

Another great way to generate new client prospects is to take advantage of any networking events that are organized by organizations in your field. These events can be a lot of fun and will help you meet other people who are in your industry.

You can also network through your social media accounts, and if you’re an experienced marketer, try creating a blog to help prospective clients learn more about you and your work. A blog is a great way to show off your skills, but also to set yourself apart from the competition by offering something unique and different.

Once you’ve found a few potential clients, make sure that you communicate clearly about your work process. This means establishing the client’s preferred method of communication, and keeping track of how often you contact them. If you have a large number of clients, consider using an email management tool, such as Hectic’s Communicator, to keep all of your correspondence in one place.

It’s important to set realistic goals with your clients, and to measure success in a way that is meaningful to them. For example, if a client wants an increase in web traffic, you should talk to her about what that means, and how it will impact her business.

Finally, it’s important to communicate about deadlines and deliverables. Having clear, concise expectations for all parties involved will help to ensure that everyone’s needs are met and that projects run smoothly.