Freelancing has become an enormous part of the work landscape over the last few years. A recent report by the Freelancers Union reveals that there are 53 million people doing freelance work in the United States, making up 34 percent of the national workforce. These people contribute an estimated $715 billion in freelance earnings to the economy.
Freelancing means working for an individual or business as an independent contractor rather than as a full-time employee. Freelancers usually have more flexibility and often work on their own schedules, often at home. Some freelance work is done on a project-by-project basis, while other work is ongoing.
While freelancing offers many advantages to some workers, it has some pitfalls, such as not having employer-provided medical insurance or a steady stream of income.