Thinking about quitting your 9-to-5 and making your side hustle your main gig? Whether you're doing graphic design, contract writing, freelance event planning, photography or something else, statistics are on your side for predicting success. As the economy (and the way businesses operate) change with the times, freelancers are more in demand than ever. Consider these statistics while you're making to decision to go solo.
Who is Freelancing?
More people are freelancing than you think. In the United States, freelancers make up 34 percent of the workforce, on track to become percent by the year 2020. In Canada, freelancers will be 20 percent of the workforce, according to Freelancer.com. Don't you want a piece of that freelance pie?
Millennials are the most likely to split off and work on a freelance basis: They're 38 percent more likely to go it alone when compared to other generations of workers.
How Are Freelancers Getting Work?
Sixty-five percent of freelancers say the Internet is the easiest way to get work, so stop looking at Facebook and start looking for work. In fact, 31 percent of freelancers said it would be easy for them to score a job online in less than 24 hours.
You don't have to stay online to get a freelance gig, however. Fifty-three percent of freelancers said they found the majority of their business via word of mouth.
Which Cities are Best for Freelancers?
It's probably no surprise that in Canada, the top five cities for freelance work are Toronto, Montreal, Vancouver, Calgary, and Ottawa, with each city increasing freelancer jobs by about 17 percent each year. The good news if you don't live in or near one of these cities? A ton of freelance work is not location specific, so you can find jobs from Sweden to Sault Saint Marie.
Freelancing is a lot of work, but if you love the idea of going sans boss and you provide a service that isn't location-specific, it's a win-win for both you and your clients. They don't have to hire a full-time employee, and you don't have to be a full-time employee. Use these statistics as a lesson: Breaking into the freelance world might be way easier than you think.