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Myths about Freelancing

Myth 1: Freelancers need exposure, not payment

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As much as freelancers would like to offer their work for free, they can’t. Freelancers don’t get constant paychecks; they earn from the ideas they put out. Freelancers live paycheck to paycheck and always look forward to new projects that could help them pay the bills. Exposure is nice, but it doesn’t keep food in the fridge.

Myth 2: Freelancers have all the time in the world

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Most of the time, but not always. There will be days when freelancers have all the time in the world; on other days, they’ll be busier than nine-to-fivers. Freelancing is an uncertain profession. Sometimes, the work comes in all at once or none at all. The next time a freelancer turns down a work offer, keep in mind that it’s probably because they already have way too much to do.

Myth 3: Freelancing is an easy job

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Freelancers are their own bosses, employees, managers, and sometimes, even accountants. Other than finish their workload, they also have to find ways to market their services to more people, manage the amount of work they’re taking in, and figure out their budget. The best thing about freelancing is that time is flexible, but that’s about it. It takes real discipline to become a freelancer and a lot more to deliver consistent work.

Myth 4: Freelancers do not pay taxes

Calculating numbers for income tax return with glasses pen and calculator

Freelancers are subject to the same taxes as business owners, because technically, they do run their own business. The only difference is, they do their taxes themselves, or with an accountant, rather than having their taxes computed and cut by their employers.

 

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