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Why You Should Start Freelancing as a Side hustle

man and woman standing with laptop showing freelancing

In recent years, freelancing has become a popular side hustle for many people. It allows individuals to use their skills to earn extra income while working on their own terms. Freelancing is not only beneficial for individuals looking to supplement their income, but it also has numerous benefits that can positively impact their career and personal growth. In this blog post, we will explore the importance of freelancing as a side hustle and provide facts and figures to support its significance.


Increased Earning Potential

According to a study conducted by Upwork, freelancers in the United States earn an average of $28 per hour, which is higher than the average hourly wage for non-freelancers. The study also found that 73% of freelancers earn more money than they did at their traditional jobs. This increase in earning potential is a significant motivator for individuals looking to start freelancing as a side hustle.


See Also
How to Write Job Winning Proposals on Upwork


Flexibility

One of the main benefits of freelancing is the flexibility it provides. Freelancers have the freedom to choose their own hours and work from anywhere. This flexibility is especially beneficial for individuals with busy schedules, such as parents, students, or individuals with full-time jobs. According to a survey conducted by FlexJobs, 82% of freelancers reported having a better work-life balance since they started freelancing.


Career Growth

Freelancing also provides opportunities for career growth. Freelancers can work with a variety of clients and industries, which allows them to gain experience in different areas. This experience can help individuals develop new skills and expand their professional network. According to a survey conducted by LinkedIn, 70% of freelancers reported that their freelance work helped them develop new skills.


Personal Growth

In addition to career growth, freelancing can also contribute to personal growth. Freelancers are responsible for managing their own workload, finances, and time. This responsibility can help individuals develop skills such as time management, organization, and communication. According to a survey conducted by MBO Partners, 77% of freelancers reported that freelancing had a positive impact on their personal growth.


Diversify Income Streams

Freelancing as a side hustle can also help individuals diversify their income streams. This can be beneficial in times of economic uncertainty, such as during a recession or a pandemic. According to a survey conducted by the Freelancers Union, 65% of freelancers reported that freelancing provided a financial safety net during the COVID-19 pandemic.


Conclusion


In conclusion, freelancing as a side hustle can have numerous benefits, including increased earning potential, flexibility, career growth, personal growth, and diversification of income streams. These benefits are supported by facts and figures from various studies and surveys. If you are considering freelancing as a side hustle, it is important to develop a plan and set realistic goals to ensure success.


See Also
How to Start you Freelancing Career

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