Skip to Content

Freelancers bringing home the bacon

More
Text SizeAAA

Filed under: Career, Recession

No more discounted dental or a 401k match. No more access to an office vending machine selling Coke for 50 cents. And bye-bye color copier.

Those were the days working full-time at Thestreet.com. Since getting laid off in March it's been hard to say goodbye to those lovey-dovey corporate perks.

But don't feel sorry for me. As a new member of the freelance economy I am actually working more now and even (don't hate me for saying this) turning down some projects.

I've gone from unemployed to self-employed. I'm happy. And I'm not alone.

Sarah A. Needleman's great piece in the Wall Street Journal (subscription required) today about "Negotiating The Freelance Economy" captures the big picture. She describes the fast rise in freelance opportunities in the recession, since it's cheaper to employ part-time or contract workers without health and retirement benefits.
In fact, one freelance worker is so busy with projects she has the luxury of "doing just the fun stuff" with no immediate goal to return to the full-time workforce. She works in web-optimization, but as the article explains, it's not just web and software wizards and graphic artists who are making out well. Everyone from accountants to lawyers, sales reps and journalists are joining the new freelance economy. Jobs posted at work-for-hire sites like Elance.com and Odesk.com are surging compared to the same time last year.

Don't get me wrong; freelancing is not a perfect world. I had to get over some insecurities and annoyances, like "How should I afford health care? COBRA, individual policy or Freelancers' Union?" "How much time can I spend working at Starbucks before they start charging me rent?" and "What to put on my new business cards?"

Some parting advice for the full-timers out there who think they could never enter the freelance economy, that it's too scary: Start making some income for yourself on the side. Ease into the freelance world by taking on a part-time, once-in-a-while gig that you enjoy. That's how I did it. I've always freelanced articles and worked on side projects throughout my full-time working career.

Do you speak a second language or have an A in statistics? Tutor. Have a passion for writing? Freelance some articles locally. Love to garden? Offer to landscape this summer on the weekends. Catering, web design, direct-sales, you name it. A lot can be done in the evenings and on weekends. You never know what your side job might lead to. At the least, it may be something to fall back on part-time if you lose your full-time post this year.

And at this rate, with so many freelance openings, you'll likely make enough to pay up for teeth cleanings and color copies.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Margarine or Butter: Which is Healthier?
Which is healthier? Margarine or butter? Liquid margarine is a healthier option, but if truth be ...
Ensuring a Safe Manicure and Pedicure
Millions of women (and a few men) visit nail salons regularly to have their nails done. ...

Barbara Bartlein
Barbara Bartlein Filed under: Budgets, Home, Real Estate, Wealth, Recession

Extreme home makeover, Part IV: Progress at last, but roadblocks remain

This is the fourth part of a five-part series about how the writer and her husband, Charlie, tackled a major overhaul of their home and the pitfalls they faced along the way. To read the first ...
Kelly Phillips Erb
Kelly Phillips Erb Filed under: Tax, Technology, Taxes-income-tax-basics, Taxes-advice

E-filing tips that should save time, if not money

If the trend in e-filing continues, the IRS expects more than 100 million individual taxpayers to file their tax returns electronically for the 2009 tax year. More than one-third of those taxpayers ...
Kelly Phillips Erb
Kelly Phillips Erb Filed under: Tax, Taxes-income-tax-basics, Taxes-advice

IRS' e-file program gaining users

Chances are, you filed your federal taxes electronically this year. According to the IRS, about two out of every three individual taxpayers elected to e-file in 2009, up almost 6% from returns ...
Amy Pyle
Amy Pyle Filed under: Banks, Budgets, Debt, Real Estate, Recession, Mortgages, Refinancing

Faces of loan modification: Kathy Partak, Auburn, Calif.

How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here. Kathy ...

Headlines from WalletPop Partners