The Freelance World and Risks Involved

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If Being your own boss is your dream! Freelancing is the way to go! Freelance tasks include and not limited to the following. Copy Writing, Transcription, V-Logging, Data Entry, Blogging, and Forex trading.

In these kind of jobs You get to determine how much you earn in today’s freelance world.. Flexible working hours, give you the opportunity to spend time with your family and friends. You’re not limited to a cubicle, instead you can carry your laptop and work anywhere – from a hotel lobby to your favourite café.

Before you transition into the freelance lifestyle, be ready to be a risk taker. Let’s face it, it’s a risk to leave the safety of the Job cubicle. Quiting your 9-5 is like jumping from a plane which is 10,000 FT off the ground. It’s a risk to move into a career that is unfamiliar to society and one which is highly misunderstood.

Some of the best paying freelancing tasks

My close family members had a difficulty understanding what I do as freelance writer some time back. Actually, I do remember explaining what I do to both my Dad and Mum.

Not once, not twice, its uncountable times. No matter what anyone says, the life of a freelancer is worth​ only that many individuals dont know that. Prove is that I have reaped big while being a freelancer.

However before you jump in this kind of venture, here are some of the most common risks you will face as a freelancer and how you can embrace the risks and make the most out of your journey as a freelancer.

Taking responsibility of the progress of your business

A 9 to 5 runs pretty much on autopilot. Most times you’re not really concerned about whether the business is doing well or not, so long as you finish your assignments or projects and meet the deadlines and have your pay at the end of the task. But as a freelancer, you are in charge of your business, and you are the one who determines the progress and vibe of your business.

If your business is failing, you have no one to blame but yourself. This can be overwhelming as the pressure is always to be and stay successful in what you do. Don’t let this discourage you, see your freelancing business as an opportunity to dictate the flow of your business. Being in charge is the most empowering thing ever. At the end of the day you want to see your self transiting to higher levels in your life.

Your income is not going to be stable

Just like every business, you’re going to face some down time in your freelance career in the freelance world. Unlike a 9-5, freelancers don’t get a fixed salary. Their income is determined by the volume of projects they get to handle. But there will be days when you will make a lot of money and there will be days when you won’t make a penny.

This makes budgeting really difficult as you can never know how much you’ll get at the end of the month.

Don’t let this discourage you. An unstable income is a great opportunity to push you to come up with creative ideas to increase the volume of work coming to your business.

You can set up programmes, pitch to potential clients, go into coaching and create courses. These help open the doors to various streams of income.

Working from home may make you lazy

There’s a huge difference between working from home and working in an office. The office gives you the illusion of serious environment where everyone is engaged in one project or another. If you’re working from the comfort of your home in today’s freelance world, the tendency to lounge is high.

There will be days when you won’t feel like working when you can probably sit on your couch and watch a movie.

Don’t let this discourage you. Working from home will teach you to be disciplined with your time and space. Having a special corner where you do all you work and defined working hours would help massively.

Be open with your family members and let them know that your working hours and be sure to set your boundaries.

With time as you look forward to grow and expand business, get a working space out of home. It increases your productivity and gives you an opportunity to engage and network with the outside world. It is a move that I took broadly and reaping big from it.

Despite the challenges above, do not give up on your dreams. Keep your eye on the big goal and you will definitely achieve them.

If you are a freelancer? How do you deal with the uncertainty in today’s freelance world?

In case you are looking forward to be a freelancer we have free courses that will enable you to start and build and grow your freelance Business to a 6 figure Business like we have managed to do.

You can allways contact us to get help.

Please share your thoughts in the comments section below.

Before you go we have FREE RESOURCES to get young entrepreneurs like you get started!

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