After reviewing portfolios at a local design student conference, one of the students reached out to ask about how to price her first two freelance projects.
As we discussed charging per hour versus a flat project fee, including taxes, and other important considerations, she mentioned that one of her professors suggested staying away from freelancing right out of school.
I get it. What educator in their right mind would openly advise their students to take such a risky step straight out of the gate?
I’ll tell you who - someone who knows what is actually going on in the real world.
At this point, over 43% of the U.S. workforce is considered subcontracting or freelancing and that number is only going up.
Admittedly, many of these people essentially work full-time for companies that don’t want to give them the status of “employee” and others operate in the “gig economy,” but there are more and more creative professionals who are choosing to go their own direction.
Thanks to the democratization of software like Quickbooks, Stripe, Squarespace, and countless others, freelancers can fill in their gaps for little to no cost, which helps to take some of the risk out of the equation.
Sure, there is still an inherent risk that comes with working for yourself, but there is also inherent risk with relying solely on one source for your income.
Whether you’re gigging on the side or going all-in, laying the groundwork for a freelance career will never be a bad idea.