One indisputable fact about the gig economy, it’s booming, and there’s no prediction as to when it’s going to slow down. As a result, many are turning away from the typical 9-to-5 jobs and looking to secure multiple revenue streams from freelancing gigs. These positions offer increased job flexibility, allowing freelancers to work when and where they want. The creative freedom one earns from pursuing this career path also allows them to choose the clientele they would like to work with. Who wouldn’t want to be their own boss?
What do the future of freelancing and the gig economy hold? What are well-paying positions out there? Continue reading for insight into this rapidly growing job market.
Is Freelancing the Future?
What makes this job prospect so attractive to so many people? First, the opportunities are almost limitless as to where you can work daily. Second, since the beginning of the pandemic, thousands have had to transition to fully remote positions. Now, more than 65% of those workers have reported a desire to remain full-time remote workers post-pandemic.
Despite this growing trend, some industries are not adapting to these new worker preferences, which has led to an increase in freelancing. This influx was also attributed to the number of people who lost their jobs during the pandemic. At the rate the gig economy is projected to grow, more than 50% of the workforce will be freelancing by 2028.
How Much Do Freelancers Make?
Many find freelancing extremely beneficial for having control over work schedules and career experiences. Although, entering this job market means facing the reality of earning an income to support yourself, which can sometimes be unpredictable. According to recent statistics by ZipRecruiter, the average salary for a freelancer in the U.S. is $63,448.
Note that this salary is much higher than the average for most other countries, and not everyone is guaranteed to earn this much while freelancing. The amount you make will vary depending on the industry, billing method, and professional experience.
Top 5 Highest Paying Freelance Jobs of 2021
You’ll find that most industries hire freelancers, so there should be no trouble having jobs to choose from. Although, certain freelancing jobs tend to pay more than others. Below are the top five freelancing gigs and how much you could potentially make:
Social Media Specialist:
The world of social media marketing needs freelancers more than ever. Social Media specialists are responsible for handling various projects such as social media management, content planning, and content writing. Therefore, you should have strong management and content creation skills to succeed in this role. The average salary for this position is $45,631.
SEO (Search Engine Optimization) specialists work to optimize their client’s content to help them reach the top of search results on searchable platforms like Youtube and Google. Businesses need these rankings for a larger return on interest. The average salary for this role is $59,871.
Freelance web designers work with clients to plan, create, and code web pages for their company websites. This position requires the professional to be well versed in web design, coding, and user experience in order to thrive. The median salary for this position is $77,220.
Copywriters are known for earning higher incomes. In this role, professionals write on various Professionalsustries, depending on your client’s needs. This can include social media posts, sales, in this role scripts, blog content, web pages, and marketing campaigns. The good news is that most people can start in this industry and work their way up. The median salary for this role is $67,120.
No matter the product, companies producing something for consumers will always need someone to do the selling. With the help of freelance sales specialists, they can present presentations, make phone calls, and send emails to clients from anywhere in the world. The mean annual salary for this role is $45,750.