What is freelance?
Freelance has been around for decades. First, let’s look at the basic principle of freelance and how the system works in order to get a clear idea of the industry.
Freelance is a term used when someone is paid by the hour or on a project instead of a monthly salary, and he works outside the client or office of the company. In most cases, the term freelance is used to describe any work or project that is carried out on the Internet.
In the field of freelancing, clients post vacancies and projects on a freelance website from which freelancers around the world will be able to bid for the publication of a vacancy or project.
When all the project work are delivered and payments are made, the project or work ends. In some cases, the client will again contact the freelancer for another project or work. In addition, some jobs or projects require long-term contracts.
Payment Methods for Freelancing platorms Types
The freelancer is paid depending on the type of work or project that he / she is applying for. In most cases, the client can configure the payment in two ways.
Fixed – if the project has a fixed price, payments can be made after the project has been delivered or based on a stage. At the external level, the freelancer agrees with the client to share the project result. Each time a certain stage is reached, the client pays a part of the total amount of the project.
For example, the project is to create 3 landing pages for a website with a total budget of $ 1,200.
Stage 1: 1st landing page ($ 400)
Stage 2: 2nd landing page ($ 400)
Stage 3: 3rd landing page ($ 400)
Hourly – the project has an hourly pay system if the non-staff member is paid depending on how much time he / she spent on the project. In this type of project, the client and the freelancer must agree on the hourly rate and how long the project will last. This usually depends on the skills of the freelancer, the experience of the freelancer and the client’s budget.
You can determine the type of payment system that the project uses by viewing Upwork. This is usually indicated in the job summary. Here is a screenshot of Upwork projects / tasks with its payment system specified in the project summary.
Depending on the job site of a freelancer, there are several ways to get income from the projects / clients you work for. At Upwork, here are ways to withdraw your earnings.
- Direct Deposit ACH
- Directly to your local bank
- Wire transfer
But for freelancer.com
- Express Withdrawals (Bank)
- Bank Transfer (Bank)
- Freelancer Debit Card
How much money you can earn.
payoneer, a company that helps freelancers by providing online payment transfer services, has paid 23,000 freelancers from 180 countries. According to the survey, freelancers work approximately 36 hours a week (full-time employees work approximately 40 hours a week). The survey also shows that the average frequency earns around $ 21 an hour, $ 39,000 a year.
These numbers are a global average, which means that some of the freedoms earn more than the numbers described above. How liberating can be a factor such as skills, experience and industry.
Who deserves to be a freelancer?
Freelance plans / jobs require many qualifications and it all depends on the company and the client posting the project. In most cases, they require the following:
The right skills
Obviously, some skills and experience can be acquired without any certification or college. That is why people are not able to get higher education. See the example below