If you’re looking for a way to balance your life, have more time for family and friends, and make money on the side while still doing what you love, freelancing may be the perfect solution. But it’s not without its challenges. In this blog post we’ll talk about some of the pros and cons of being a freelance graphic designer so that you can decide if it’s right for you!
This post contains affiliate links, meaning I obtain a commission from your purchase at no additional cost to you.
What is freelancing?
Freelancing is a term used for someone who is self-employed and works on a project-by-project basis. This could be in a variety of industries, but for the purpose of this blog post we’re focusing on freelance graphic designers.David Carson Teaches Graphic Design
The pros of freelancing
There are many reasons why people decide to become freelance graphic designers. These include:
The flexibility to manage your own time.
If you’re someone who is tired of having their life planned out for them, this may be the perfect fit! Being a freelancer gives you the most freedom when it comes to setting up your schedule and taking vacations or sick days whenever needed.
Receiving payment quickly.
When you work as a freelance graphic designer, you are usually paid after the project is completed. This can be a great perk if you’re in need of some extra money.
The opportunity to work with a variety of clients and projects.
As a freelancer, you have the opportunity to work on many different types of projects for many different types of clients. This means that your work will never become stale and you’ll always be learning something new!
What’s the downside?
Of course, there are some challenges associated with becoming a freelance graphic designer as well:
No steady paycheck.
While this can actually end up being one of the benefits (see above), for some people the risk is too great and they need a more consistent pay structure to support themselves.
Being taxed as an independent contractor instead of self-employed.
This means that you will have to estimate how much money you should be charging for your services, file quarterly tax returns, and make estimated payments each quarter to the IRS (instead of paying these taxes once a year).
Not having the benefits of being employed by a company.
This includes things like health insurance, sick days, and vacation days. However, some freelancers do choose to purchase their own health insurance or set up a retirement account to make up for this.
Not working the typical 9-5 doesn’t mean less hours.
One of the most common misconceptions about becoming a freelancer is that you’ll have more free time than when working for someone else. This can actually be true in some cases, but it’s also important to remember that freelance graphic designers are usually paid by project – not hourly. So if your client wants their project completed in one week instead of two, you’ll be working those extra hours whether you’re freelancing or not!
You are your own business
When you’re a freelancer, you are your own boss. This can be a great thing because it means you have complete control over your work and how it’s done. But it also means that you are responsible for all of the business aspects of your freelance career – from marketing yourself to finding new clients to invoicing and bookkeeping.
Sometimes too many assignments, sometimes too few
One of the challenges of being a freelance graphic designer is that you may not always have work. This can be due to a number of reasons, such as:
-Not having enough experience or skills yet
-Lack of marketing efforts resulting in few leads
-Too many freelancers competing for the same projects
-Clients taking too long to make decisions
-Having a hard time finding new clients, so existing ones take longer to complete their projects
It’s important for freelancers who go through these periods of too much or not enough work to know that it isn’t always going to be like this. When you have an ebb in your workload, try using the extra time to improve your skills, market yourself more aggressively, or reach out to past clients to see if they have any new projects for you.
So, is freelancing for you?
There are pros and cons to everything, so it’s important to weigh the options and decide what’s best for you. If the freedom and flexibility of freelancing sound appealing, go for it! But if you want a more consistent schedule and paycheck, you may be better off working for someone else.
There are many pros and cons to being a freelance graphic designer – it’s important to weigh them all before making a decision about whether this is the right career path for you!