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Freelancing has quickly become one of the leading forces in our globalized economy. There are many reasons for this shift from an employer’s standpoint, and there has already been much ado about that. But what do things look like on the other side of the coin? What is it like to be a freelancer, and the big question – is it worth it?

That depends on what you value, what kind of work you do, and of course, whom you ask.

Pro: Flexible Schedule

Not into the whole “9 to 5” work scene? Then freelancing might be a dream come true. As a freelancer, you tend to have more control over your schedule. Many freelance agencies supply their freelancers with work at the start of the day or week, allowing them to tailor their work hours from there. Other freelancing agencies enable clients to set their own work schedules.

Con: Less Stability

The flip side of that is that freelancing offers far less stability than a traditional job. Some weeks, you may be overwhelmed with work, while others may be dangerously lean. It is strongly advisable to keep this in mind and save money during busy weeks to cover those with less work.

Pro: Multiple Jobs

Many turn to freelancing in university due to a lack of experience on their resume. Freelancing allows you to work several jobs and build up your resume quickly. Whether or not companies choose to “count” freelancing work when you apply for future roles, however, is another matter.

Con: Low Pay

You’ll likely have to work multiple jobs, anyway, to make up for the low pay. Working below minimum wage is common if you work with an agency as many are based in and hiring clients overseas.

Pro: Low Entry Requirements

Too many companies and educational institutions exclude candidates based on a lack of certification. The certification process is skewered to benefit older applicants, leaving younger ones out in the cold. Freelancing, meanwhile, typically has fewer entry requirements.

Con: No Benefits

That said, it also doesn’t offer benefits. If you freelance, you’ll have to afford healthcare yourself – which can be hard to do with that low pay.

Based on these factors, you can start to consider whether freelancing is right for you.