How Much Can You Make Freelancing?

We live in an emerging, international economy…one based on knowledge, information, and skills.

One where employers are no longer interested in giving you a nice air-conditioned office, administrative help, free coffee and lavish benefits.

Here’s the silver lining: One segment of the workforce has seen an explosion in growth: Freelancing.

Basically, freelancing is taking your skills and providing them to a variety of buyers instead of working for just one employer.

It’s a much more flexible way for companies to meet their needs and it gives you a lot of options about where you work, who you work for and how you work.

Today many freelancers do that from home. You can actually freelance from just about any place in the world you can get a good Internet connection.

That’s good news for International Living readers because you might be able to speed up your move-overseas plans if you knew you could earn an income from, say, Ecuador and take advantage of the lower cost of living.

One of the largest online freelance networks has exceeded the $400 million mark in freelancing fees paid out. And that one network posts about 50,000 new assignments a month. From simple $25 proofreading gigs to $100,000 consulting roles and everything in between.

This is not to be confused with the old “stuffing envelopes” make-money programs of years gone by. This is doing real work and getting paid when you complete the work.

And these job networks are global. You offer your skills around the world. As an English speaker, your knowledge, experience and skills are in demand for many companies trying to sell products and services to the world’s English-speaking countries.

Most Baby Boomers I speak with in my business grossly underestimate the skills that they might have that could translate to working on these freelance networks.

Also Baby Boomers fear their computer skills aren’t up to the task—but many of the jobs are not computer intensive at all. It could be proof reading a document, providing consulting expertise over the phone based on your career experience or reviewing a business plan and offering constructive comments.

There are even freelancing networks for lawyers, mechanics, doctors, nurses, veterinarians, electricians and plumbers…all providing a way for people with these skills to work online.

And it’s much better for your bottom line…

One of the complaints about freelancing is that you don’t earn as much as you might if you were employed full time for a company or an organization. This is generally true but there are some pretty big economic advantages…

You don’t have to buy and dry clean a work wardrobe, you don’t have commuting expenses which for many means a car, gas, insurance and maintenance, and you can usually get more work done in a shorter period of time because you are no longer dragged into office politics.

If you are willing to educate yourself and invest a little time “learning the ropes,” this can be a very liberating form of income. Because it is from your home, you get to choose how many hours you put in each week and what kind of work you do.

If you use these networks rather than freelancing on your own, you don’t have to build any websites, do mass mailings, go to trade shows to drum up business or spend endless hours on the phone dialing for dollars.

You simply go online and see which of the estimated 300,000 assignments available every day you’d like to tackle.

If this economy is not working for you, and you’re considering a move overseas, consider the advantages a freelancing career might afford you. You might be able to move sooner, lower your expenses, and make the move with more confidence because you have learned how to work in the emerging global economy.

Editor’s note: Winton is behind a special program that shows you how you can use your existing skills to tap into global markets and make money from anywhere in the world. Find out more here.

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