Have you ever wondered how much freelancing pays?
The small business accounting software I use, Freshbooks, recently shared this infographic asking if self-employed creatives are thrivings or just surviving.
Freshbooks shared that the creatives (graphic designers, illustrators, marketers, writers, editors, and more) using their service charge a median rate of $60 per hour.
The infograph shows that self-employed creatives are thriving in their work and fields.
Personally, when I think about self-employment and freelancing, I am drawn to the amount of influence and impact one can have in their work. As I am growing in my understanding and knowledge of how to run a business and best business practices, I have seen how profitable it can be as well.
Hands down, running a business is a lot of work. It also takes a lot of time and energy to get things starting and running. Plus, there’s no guarantee. Your business idea could flop, you might not get any clients, the supply and demand could change… there’s a lot of risk.
Yet, our last recession made it pretty evident that there’s no such thing as job security. So, staying in a “safe” job might also carry it’s own risky.
Each person has a different story, and I’m not going to try to jump in and tell you it should be done one way or the other. You get to decide your own journey.
For me, I do want to share with you why I am pursuing a side business, freelancing and “hustling” to earn extra income. I feel like there’s a lot of reasons why building my side hustles are beneficial for me both now and down the road.
Six reasons I am personally pursuing side businesses, freelancing and hustling:
- I am continuing to have to grow my skillset and think outside the box.
- I love the idea of being my own boss.
- My work is portable. That’s right. I could work anywhere in the world where I have electricity and a wifi connection.
- It’s helping me pay off debt faster. As one of the many, many Americans carrying debts (whether it be student loans, credit cards, auto loans or other consumer debts), I am working to become more and more aggressive with paying my debts off. A lot of people have the mindset that debt is normal.
- I’ve met people I otherwise wouldn’t have met. Other business owners, creatives and freelancers I have met both bring encouragement and support. Plus, it’s super cool to see what people are doing around the world!
- Energy management. I am not a high energy individual and often have high productive seasons, and then low productive seasons. Navigating the ebbs and flow of my energy takes a little bit of work and side hustles allow me to adjust when I need to.