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So
You Want to Be a Freelancer...
Article by Elena
Fawkner
What's the difference between running
your own home-based business and freelancing? (tick, tick, tick ...) Give up?
Me too. If you want to work for yourself from home and have a special talent or
skill that you think others would be prepared to pay for on an hourly or per-project
basis, why not stop thinking in terms of the traditional "home business"
paradigm and start thinking in terms of freelancing instead?
What Is
a Freelancer?
Quite simply, a freelancer is an independent contractor
who earns his or her living by contracting for projects on a project by project
basis. A freelancer is not an employee of anyone and so he or she must actively
seek out work, negotiate the terms and conditions of the project (the contract)
and complete the work to the satisfaction of the client. Once the project is complete,
the freelancer seeks out and enters into another contract for another project.
Alternatively,
the freelancer may have obligations under a number of different contracts with
different clients at the one time.
Another variation involves the freelancer
producing work and then seeking buyers for that work. A freelance writer of magazine
articles, for example, would fall into this category.
Who Hires a Freelancer?
Those
who hire freelancers are as diverse as freelancers themselves. In some cases,
companies will hire freelancers to complete a short-term project as an alternative
to hiring a new employee. This is often the case where the work in question is
spasmodic or ad hoc and the company cannot justify hiring an employee for such
work. Companies also hire freelancers to help smooth out the peaks and troughs
of workload. Again, where there is a temporary oversupply of work, the company
will hire the freelancer on a short-term basis to help cope with the backlog.
In
other cases, companies hire freelancers for their special expertise in a certain
area. A company may want to create a new website, for example. Hiring a freelance
website designer for such a project makes more sense than hiring a website designer
as an employee since once the website is complete, the function will no longer
be required.
Magazine and newspaper editors also hire freelancers or, more
precisely, buy rights to freelancers' work. A freelancer in this type of situation
may write a piece and submit it to a number of different editors in the hope that
his or her work will be "picked up" by that editor and published, in
return for which the freelancer receives payment. By its nature, such an approach
is speculative since the freelancer can't be sure that anyone will actually buy
the work. Of course, once the freelancer has been published, it is relatively
easier to get the editor to buy the freelancer's work in the future and, as the
freelancer's reputation grows, so too do the opportunities for
future business.