Wednesday, July 8, 2009

The Advantages and Disadvantages of Freelancing to Make Money Online

Offering your services as a freelancer can be a very good way to make money online. However, just like with every opportunity, online freelancing has both advantages and disadvantages.

The main advantage of being engaged in freelancing online is that you get to work for yourself. You don't have to put up with superiors who tell you what to do, requirements that make you work on crazy schedules, or office policies that limit your earnings no matter how much you've done. When you work for yourself, you get to decide how much you make and all there is to it is putting in the appropriate time and effort based on your income goals. You also don't have to get up early in the morning to avoid rush hours or make insane deadlines by working through your lunch hour. Whether you or a family member is sick, you have to pay bills during the day, or life is just getting too much for you and you want to take a day off at any random period, you have the ability to do so because you're not tied down by a specific set of rules and regulations. You can work in your underwear (if you're in to that kind of thing) or simply make your financial decisions at a table with your favorite newspaper and cup of tea or coffee: A wonderful start to any day of business transactions.

As good as freelancing is, there are a few drawbacks. For one, there are no guarantees of a paycheck. You must make sure that you are doing enough in order to cover all of your expenses. There are also no corporate benefits when you work for yourself. There's no such thing as company dental care or health insurance plan. When you work for yourself, you must pay for these things out of your own pocket. You must also keep track of your own income for tax purposes and set aside your own fund for retirement. It's a lot of struggle when it comes to running your own business because you have to be an employee and a manager at the same time. However, it does pay off especially if you're dedicated to what you are doing.

When you decide to become a freelancer to make money online, you need to know exactly what you are getting yourself into. As long as you're ready to make a commitment to providing your services as a freelancer, you'll be rolling in the big bucks in no time!

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