Types of Freelancers
Freelancers have been growing at an enormous rate and they refuse to back down. Their popularity is increasing and the present generation prefers freelancing rather than maintaining a 9-5 job where they are bossed around. The many advantages of freelancing have attracted a considerable percentage of workforces with more people being added perpetually. We know what freelancing is and what advantages and disadvantages it entails. The risk, the profitability and the most famous “be your own boss” is all associated with freelancers. While freelancing is a famous concept, there are five types of freelancers that we commonly find.
- Independent Contractors
They are the most common type of freelancer that we know, i.e, full time freelancers. They take up several projects and then work upon it for full time. They reach the deadlines of the given project and the remuneration from it is their salary. They don’t have any additional workload from elsewhere. They are truly their own boss. This type of freelancers makes up 40% of the freelancing workforce. To become an independent contractor freelancer, one needs patience as the struggle to the top is slow, yet worth it.
Most beginner freelancer start by being moonlighters. They are a full time employer elsewhere while simultaneously taking up freelancing projects. For a risk averse person who likes to freelance, this seems like a great option. You get the cushion of a paycheck and the time to make a name in the competitive freelancing world. It sure gets tough to maintain two kinds of jobs but the financial rewards in the end is certainly a lot.
- Temporary Workers
As their name suggests, temporary workers are hired by companies on a term based contract. When a firm requires their services, they reach out to the temporary workers and enter into a contract that may last for a few years depending upon the type of work. Once the term gets over and their job is done, temporary workers move on to the next contractor and employer. In this way, they don’t have a permanent workbase.
- Diversified Worker
Diversified workers can be called as a subcategory of moonlighters. They freelance between multiple job roles. It is not necessary that they are a permanent employee at a company and are freelancing at night. It simply means that they pick up different kinds of jobs and work their way through it to make their desired amount. Diversified workers may also work on contract basis like the temporary workers while also freelancing elsewhere.
- Freelance Business Owners. These are the kind of freelancers that made it big. Independent contractors or temporary workers can become freelance business owners when they get substantial amount of work. They may hire other people to complete their project and likewise take on even more projects and expand their profile. These business owners start small, though they are instances where such companies grew large and famous.