The Truth about the Job Market
It’s no secret that the job market is more volatile and unpredictable
than ever these days. Depending on where you live, the
unemployment rates can fluctuate from a reasonable 7% to as high as
25% and who knows exactly how high they could go in the near
future.
Finding a job is almost impossible. Companies everywhere are
cutting costs and downsizing like there’s no tomorrow. For many
companies there really is no tomorrow; even the “Fail-proof”
companies are seeing bankruptcies and buyouts more often than ever
in the past 100 years! If you don’t already have a steady, stable job
with a well-established company then you definitely picked the wrong
decade to be unemployed in. Even if you have a stable job there’s
really no telling if it will be there next month, or even next week.
So what’s the solution? What can do you? You can’t just
magically change the economy and make the job market better; you
probably won’t get a lot done by writing a letter to your senator either.
Believe it or not there is a solution and it requires a lot of work and
dedication but it’s a lot better than being unemployed.
Create your own job! I know, that sounds a little funny when you
just look at it like that but it’s the truth. There are no jobs out there
and the few that are open are only going to highly qualified people
with years of experience so unless you fit that category you have to
create your own job. Specifically I’m talking about freelancing.
People have been doing freelancing for thousands of years; even
in ancient Rome the army hired mercenaries to go into battle when
there weren’t enough soldiers. Mercenaries were freelance warriors;
they weren’t employed full-time by a particular nation’s army—they
just worked for whoever was willing to pay the most.
Hopefully you don’t have to do any paid fighting any time soon
but the spirit of the mercenary and the idea of contract work carries on
thousands of years later in the form of freelancing. By becoming your
own boss and establishing contract relationships you open up a world
of money-making possibilities while completely abandoning all of the
negative aspects that come with a typical, “9 to 5” job.
In this book we’re going to explore the many options you have
should you choose to become a freelancer. We’re going to talk about
freelance work in a way that allows you to learn the essential
techniques regardless of what field you choose to freelance in, be it
business, graphic design or even housekeeping!
Why Do Freelance?
So what’s so great about freelance work exactly? Well, let me start out
by giving you an example of the type of person freelancing is NOT good
for. If the following paragraph describes your life then you can stop
reading this and just go back to what you were doing.
Do you enjoy getting up early, every single morning and wading
through miles of traffic to get to work? Do you find it exciting seeing the
exact same people every single day, five to six days a week with
absolutely no variety or change? Are you your boss’ best friend? Do you
look forward to answering to your boss and having to meet his or her
deadlines constantly? Do you enjoy never seeing your family members
during the day or always having to miss out on events like school recitals
and soccer games? Is it fun to make poverty-level wages and live
paycheck to paycheck so that you pretty much have no variety in your
life because any big expense could make your bills come crashing down
on you?
If you answered yes to all of those questions then, as I said, stop
reading and go back to your “wonderful” life—freelance work probably
isn’t for you. If you did freelance work you’d be your own boss; you’d be
taking your career into your own hands and having complete control over
your life. You can just throw this book away or delete it from your hard
drive.
Now, if you didn’t’ answer yes to all of those questions you might
be the type of person who could have a lucrative career freelancing. Get
comfortable, grab a pen and a pad of paper so you can take some notes
and get ready to explore one of the most rewarding and lucrative ways
of making a living in the 21st century.
Does freelancing mean you will get rich overnight? No, it takes
work and dedication. There are a number of obstacles that you will have
to overcome but the rewards will be substantial if you are willing to put
in the time and effort. The possibilities are endless. There are
opportunities for any person to break into the lucrative career of
freelancing. All you need is diligence, patience, and tenacity to pursue it
and make it happen. This book will show you how.
On the other hand, if you are the person that was described at the
beginning of the chapter, get that beverage and curl up with the latest
novel by your favorite author. It might be enjoyable reading and that is
fine. Just remember, unless you are doing that for a living, you won’t be
making a dime.
Be Your Own Boss
Freelancing allows you to be your own boss. This means you make
your own hours. Making your own hours does not mean loafing around
all day. It means having the self-discipline to set aside a certain amount
of hours that you work each day. But, as the boss, you get to decide
what those hours are. That way you can pick up the kids from school,
have lunch with the spouse, go to the gym during the day when it’s not
so crowded, and never have to make that horrible rush-hour commute.
Wear what you want. Does your current job have a dress code?
How does sitting in your pajamas all day sound; what about just
spending the day wearing your favorite pair of worn out jeans and that
T-shirt from that unforgettable 1980’s rock concert. If you are an
independent agent, like a freelancer, then you decide the dress code.
Set Your Own Price
Being a freelancer means that you get to set your own prices for
what your time is worth. You get to determine your own prices based on
your costs and your time. You don’t have to pay yourself a minimum
amount or charge a certain amount; you have total control over what
kind of money you can make. Instead of waiting years to get a raise you
can adjust your own prices. As you become more proficient and widen
your client base you can double and triple your earnings as you see fit.
Live Wherever You Want
Have you ever considered living somewhere else but your job
and family obligations keep you stuck in the same place. Freelancing
gives you the freedom to take your family, if that applies to you or just
yourself and live wherever you want. As long as you have a phone, a
computer and a way to receive mail, you can live at the South Pole or
Hawaii and still have a lucrative freelancing career. Your home is your
office. You can be sitting in a coffee shop and enjoying a scone with a
mocha latte at the same time you are making millions of dollars.
Realistic Expectations
A lot of people live by two very
popular, old saying: “Nothing in life is
free,” and “If it sounds too good to be
true then it probably is.” In the case of
freelancing, the price is minimal. As you
will see in future chapters you will need
some general items such as a
computer, a printer and maybe a fax
and scanner. After you have the
materials needed to be a freelancer
your greatest cost will be your time and
effort. How much are you worth? The
best part is that you get to decide what
your time and effort are worth.
As far as the rule “if it sounds too good to be true it probably is,”
here is something to consider. You should not quit your day job
immediately and hope to make $10,000 next month. Instead, start
slow and work your way to making the money you want. If you are
making the equivalent of your full time job and you have too much
freelance work to do, then decide to freelance full time and quit your
day job. If you work hard this process can happen rather quickly, so
don’t be discouraged. The jobs are real. The money is real. The only
investment is the amount of time you are willing to invest.
The market for freelancers is growing in leaps and bounds. The
future markets are projected to continue to grow at the same rapid
rate. This means more fantastic freelance opportunities and greater
potential income. Companies love working with freelancers because
they’re a lot more convenient and often a lot less expensive than
hiring traditional employees. When a company hires a freelancer the
freelancer worries about the materials and methods in completing the
project. The company (or individual) only has to be concerned with
communicating their needs to the contractor (another word for
freelancer) and approving the final results. Freelancers don’t have to
be hired out from temp agencies, given benefits for meeting work hour
requirements or any other formalities that employees require. Because
of this and thanks to the trend of downsizing and cutting employees,
freelancing is becoming more active and profitable than ever!
Let’s do a brief overview of the pros and cons to give you a clear
image of what you can expect when getting into freelancing.
The Pros
• Be your own boss, set your own hours
• Never get fired—you only have to look for new clients
• Work when you want and how you want, no limits
• Work thousands of miles away, no distance barriers.
• Spend more time with your family and friends
• Potentially make a lot more money than a “9 to 5” job.
• Economy affects job availability differently; usually a poor
economy increases freelance work rather than decrease it.
The Cons
• No work is guaranteed—you’re always looking for clients.
• Profits will be slow until you build up your business.
• In the U.S. you will have to pay more taxes.
• You must be skilled or a professional; there’s no freelance
hamburger flipping.
While there are definitely some caveats to be had about freelancing
you can see that there are more pros than cons and honestly the pros
outweigh the cons, for most people anyway. The versatility of
freelance jobs makes them a powerful choice for anyone who’s had
trouble holding down a steady job with their local economy.

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