This is because all the big third-party platforms take a cut of your earnings in return for you finding work through their site and it’s often “a race to the bottom” with lots of freelancers offering to work at unrealistically low prices just to win jobs. While lots of people start out on freelance marketplaces like Upwork, Freelancer, and Fiverr, almost all high-earning freelancers have their own portfolio website where they’re in control of their content. Start Now How much does it cost to find work on freelance sites? While this shift obviously comes with some downsides (fewer benefits, less security), studies also find that freelancers are happier with their new careers and actually feel more secure having lots of different clients rather than depending on just one large company. Other benefits of freelancing include being able to work from anywhere, (including from home and while traveling), and being able to choose work based on personal interests. The most common reasons people freelance are “to earn extra money” and for the schedule “flexibility”, according to the Freelancing in America study. Their research suggests that by 2027, more than 50% of the US workforce will be freelancers and contract workers. For better and for worse, traditional full-time jobs are being replaced by project-based, single-task, and hourly work done by independent contractors, remote workers, and freelancers.Ī recent study by Freelancers Union and Upwork found that 35% of American workers (57 million people) and over 50% of Gen Z workers are currently doing some type of freelance work, followed by 40% of millennials. The days of being bound to a single career and working for one company are over, with more and more of us choosing to ditch the 9-5 for good. Financial tools and freelance billing software.
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