The Benefits & Drawbacks of Making Money at Home as a Freelancer

Freelancing opportunities are everywhere, but before you get into freelancing industry, you need to know the benefits and the drawbacks of working for yourself on a per client basis
A lot of people will tell you that setting foot outside of the office was the best thing they ever could have done while others will tell you that they could not wait for each of their freelance projects to be over because they simply could not stand the stress of their assignments.
In order to be a successful freelancer you really need to weigh all of the pros and cons and be absolutely sure that freelance career is suitable for you.
So, without further ado, here are some of the most common benefits and drawbacks you will face as a freelancer.
Benefits
The moment you decide to become a freelancer, everyone you talk to will  probably tell you how cool it is to be your own boss.
You are in control of your work and nobody else (except for your clients) can  tell you what to do. If you don’t want to work on Fridays – you don’t have to. Take any days off that you want, but make sure that you finish your projects  by the deadline. By being your own boss, you really have the freedom to steer  your life where you want it to go.
You get to plan your own schedules, choose the projects that you find
enjoyable, charge any rate you please, and be almost totally self sufficient –  a major bonus of being a freelancer for many people looking to escape the  daily grind.
Another of the big benefits you will always hear people talking about when it  comes to freelancing is that you can set your own dress code. If you find all  of your freelance work online, who is to say that you don’t have to just hang  around in your pajamas or underwear all day long? No sense in getting all dressed up when you can just get out of bed, enjoy a  nice cup of hot coffee, watch the news for a few minutes and then plop  yourself down at your computer to start your workday.
Freelancing gives you the ability to work in your own style and in total
comfort no matter who or what you are doing work for. By working freelance you can also spend a lot more time with your family and
friends. Because you do not have to go to work on a strict schedule, you can spend time  with your children when they get home from school and with your friends and  your spouse whenever they have off work.The flexibility of having a freelance career is second to none and there is  practically no other job in the world that gives you both the spare time and  the financial freedom to do what you want to do when you want to do it. Finally, with freelancing you have a near limitless income potential. Because  you work for yourself, you get to keep all of what you earn. Not a penny goes  to anyone else (aside from the government in the form of taxes). All of the profits belong to you so you get to spend it how you please.  Furthermore, because you work on a per project basis, you can accept as many  projects as you want to earn as much money as you see fit. You are not salaried, so the more work you do, the more you get paid.

Drawbacks
As with anything in the world, there are drawbacks to becoming a freelancer in any field you choose. The predominant drawback is that you are not as financially stable as you are when you are working for someone else. You have to take care of all of your money anagement, you have to work on  project after project if you want to have enough money to stay financially  afloat, and you have to provide for your own healthcare. These three factors all add up to create a feeling of fiscal insecurity for many people, and because of the major financial risk involved, many people  feel that freelancing is not for them. There is also heavy competition in the world of freelancing. The internet has
been both a blessing and a curse to freelancers from around the world.
On one hand it has opened the doors to make the world of freelancing much more  accessible to anyone who has ever thought about setting out on their own and  becoming their own boss. On the other hand though, the internet makes it very easy for freelancers to  get in touch with potential clients and possibly steal jobs right out from under you.
Because of the heavy competition as a result of the internet, you may have to  start out with very low pay for each project you do as a novice freelancer. When your client list expands however, you will be able to make more in the  long term.