The word “freelance” actually originated in the 1800s when a “freelance” referred to a Gothic venal who would fight for the party paid more. Here, the word “lance” means long weapon used by knights on horseback to knock off the opponent.
Freelancing platform allows you to work independently rather than be employed by anyone. A freelancer is self-employed and is recognized as an independent contractor.
Companies come to the freelancer and give them paid tasks on a part-time or short-term basis, but they are not entertained on a full-time basis, neither have they received the same level of commitment from the person they pick for their job.
With many advances and the rise of the gigging economy, people now believe in freelancing. It is being talked about more commonly than in the past. The reason is that now, more people are freelancing than there have been found in history.
In 2019, 57 million Americans were freelancing, as found through the research laid by Upwork and Freelancers Union. Of this number, 53% of the freelancers were 18-22 years old. There are many freelancing platforms out there to support the ever-increasing number of freelancing individuals.
How does it work?
Freelancers are paid in return for their provided services. They generally work part-time or on a short-term basis.
For instance, if someone hired a photographer, he could pay a freelancer for that session and just.
It is also common to pay a freelancer to work for a decided number of hours per week or month. Such an arrangement is termed as “retainer.”
A retainer is when you retain the services or right to someone’s time. Many different legal professionals work as retainers. They bill a set amount of time to their client every month. No matter if that full time is used or not.
You can say it is a simple but pure form of entrepreneurship as the freelancer offers a specific service, and the buyer pays him a fee in return directly.
Why Freelancing appeals more?
An individual is provided with a lot of relaxation and control with freelancing. Many freelancers choose their own hours, the work they do, and the client they work with, and may even be able to work remotely.
A freelancer is not restricted with a salary; he can earn total control of their earning potential. Being a freelancer, you are your own boss.
Also, freelancing offers a lot of variety in the type of work you want to do or see interest in. If you are the type of person who wants to try new things and experiences, freelancing is the best option as it will allow you to explore all kinds of projects and industries.
Even countless freelancing platforms facilitate the freelancer and clients to experience honest dealings from their home comfort.
With freelancing, companies provide a broad spectrum of jobs ranging from writing jobs to designing, networking to engineering, data entry to online marketing, and much more.