What are the average freelancing income is the most frequently asked question and a worry for the section of people who are thinking of starting as a freelancer. The freelancing market is still developing and preferred job profiles amongst aspiring freelancers and working people who chose to make money.
Freelancing jobs are short-term contracts that are being hired based on projects or time involved. Freelancing is identifying your skill of expertise, promoting it, and finding related jobs. The freelancing income depends on the work experience and skills expertise you have.
On average, a freelancer earns $20 to $50 hourly. PayPal reported that most Indian freelancers on average earn Rs.20 lakhs annually. The freelancing pay largely depends on the clients also.
Indian clients pay less to freelancers as compared to foreign clients where content and qualities are of the highest concern. Freelancers always have to be on the look-out for high-paying and authentic clients to build their networking and base in the market.
You should also consider the following factors that account for your Freelancing income:
1. Good Internet connectivity:
Freelancing is doable only when you have access to the internet. For better connectivity, broadband is a better option. This also comes at a price. It is one of the most essential tools in freelancing jobs.
2. Payment and client selection:
You must decide the mode of payment like PayPal, DBT, Escrow, etc before sealing the contract so that there is no discrepancy later on between you and the client. While you agree to work and take up the assignment, ensure the validity and authenticity of the clients you are dealing with.
3. Technology:
It is not only about the internet now in this digital age. Different clients have demands of using different tools for their work and accordingly, you have to be equipped with these tools to serve the requirements of the clients. Have a clear and detailed discussion with the clients about their preferences to save time and effort.
4. Know the Market:
It is always suggested to know the market value before you agree to any assignment. This helps in assessment. Without the knowledge of the market value, you may either be working at a very low price which is a loss for you or losing potential clients because of quoting a higher price than what is in the market.
Different Freelancing income & jobs :
There are numerous freelancing income & jobs available in the market. Here we discuss the most popular freelancing works and their pay on an average for clear understanding.
Content Writing:
The online world is filled with content writing skills and freelancers. There are many options available for writing content like blogs, white papers, websites, e-books, product descriptions, social media posts, webinar scripts, newsletters, and articles.
The prime objective of such writing is to grab the readers’ attention and produce engaging content. The skills required for writing contents are-
· Excellent editing and proficient writing abilities
· Great writing and verbal communication quality
· Excellent organising and managing skills
· Highly updated with advanced technology
Average freelancing income of a content writer is Rs.450 per hour to Rs.16,343 per month as reported by PayScale. It largely depends on your work experience and skill expertise.
Digital Marketing:
This field also offers vast opportunities to freelancers that have an interest and experience in e-mail marketing, lead generation, SEM, SEO, PPC advertising, SMM, content marketing, and content strategist.
This includes writing content to increase the traffic in search operations. It has great scope for freelancers. Professional growth is ensured. Certification programs make a lot of difference in this field of work.
The skills required for such works are-
· Excellent editing and copywriting qualities
· Great command of SEM and SEO
· Good knowledge of working with tools like Moz Pro. Google Analytics, etc
Glassdoor reports say that freelance digital marketing specialists get paid from 5 LPA to 9 LPA. On an hourly basis, a freelancer earns from $10 to $60.
Web Development:
Freelancers who have an interest and want to enter the IT sector can choose web development for their careers. Web developers are sought after in every department and as a result, their demand is soaring.
Their job is mainly creating and designing websites and web pages. User support like troubleshooting, maintaining timely updates and functionalities are also included in the job profile.
It demands knowing core programming languages like JavaScript, HTML/CSS, PHP, UI/UX, and Python.
Freelancing income of Web Developers can earn range from 16,000 to 25,000 per month. According to LinkedIn, web developers in India earn a monthly salary of Rs. 37,5000.
Graphic Design:
Graphic design is the art of visual communication of images and words of an idea that are portrayed to the audience. It demands creativity and knowledge of both verbal and artistic depiction.
Promoting brands and marketing demand the need for graphic designers. Graphic design offers a career in different fields such as publishing, industrial design, public relations, and media & advertising.
The major part of graphic designing is to drive sales and target the audience by producing appealing graphical illustrations. This job is in demand in the freelancing world. You are required to be a pro in using design tools like Adobe Creative Cloud, Photoshop, and other such graphic tools.
Freelancing income of Graphic designers as per reports by Glassdoor, starts from 5 LPA. On average, freelance graphic designers get an hourly pay of Rs. 295 in India.
Blockchain Development:
BFSI (Banking, Financial Services, and Insurance sector) majorly sees Blockchain technology in its sector. The scenario has changed now and it is also adopted in industries like education, healthcare, supply chain, retail, and logistics.
It is a relatively new expertise and pretty much in demand. Big industries and companies prefer to use blockchain technology for security purposes. Blockchain development includes computer networking, software development, cryptography, algorithms, and data structures.
This is still new in the market and certified experts are few in the domain. It is the right choice for freelancers who want to make a career out of it. The skills required for it are-
· Excellent knowledge of algorithms and data structures
· Have had work experience in software development
· Know the fundamentals of cryptography
· Have proficiency in programming languages like JavaScript, Java, C++, PHP, etc.
Since this domain is still not explored by many, the demand for expertise in this field is high. The freelancing income of Blockchain developers is from 4.75 LPA to 8 LPA. On an hourly basis, the freelancers earn anywhere between $10 and $25.
You have numerous scopes in the freelancing world, the only thing is you should know your skill and sharpen it which gradually happens working in the domain. It is a world of unending opportunities where you get exposure to every potential investor and industry mentor to enhance your professional career.
FAQs on what is a freelancer’s salary
1. What does a freelancer make?
- A freelancer's pay might vary greatly based on the type of work they do, their degree of expertise, where they are located, and the particular project they are working on.
2. How to pay the independent contractors?
- Compensation to freelancers carry out in a number of different methods, such as hourly rates, project-based fees, or retainer payments. A number of payment options are available, including cheques, bank transfers, and online platforms.
3. Is working as a freelancer a secure career path?
- While freelancing can give you a lot of freedom and liberty, it might not give you the same level of security as a regular 9 to 5 job. Freelancers are responsible for locating their own clients and assignments, and their workload and income may fluctuate at times.
4. Can freelancers negotiate their rates?
- Absolutely, freelancers and clients can agree on a rate. To effectively negotiate, freelancers must be aware of both their own worth and the going pricing for their services.
5. How many independent contractors boost their income?
- By accepting more assignments, enhancing their skill set, enhancing their networking and marketing activities, and gradually boosting their fees as they gain more experience and knowledge, freelancers can grow their income.