Freelancing - the way of doing business
The World Wide Web, as well as other job search channels, offer more and more earning opportunities to people who are sovereign and qualified to independently perform freelancing services. These service providers are independent contractors (freelancers), because they conclude a direct agreement with the client for the execution, usually of a one-off contract.
A freelancer is a person who is generally self-employed and not in a long-term contractual relationship with an employer. Independent contractors are most often writers, translators, photographers, web designers / designers, graphic designers and computer programmers. As a rule, independent contractors sell their services to clients, even though they are not directly employed by them.
Clients who hire independent contractors usually check their experience, which is evident from the portfolio - a set of reference projects. Therefore, those independent contractors who have a richer list and are therefore more experienced have a great advantage in finding new clients.
Independent contractors who know how to offer and market their services have a great advantage over those who are just waiting to be called by the client.
One of the main advantages of independent contractors is that they can do their work almost anywhere - as a rule, they do not need an office or business premises, but can work from home. At the same time, they organize their work at their own discretion, so this type of method is especially suitable for those who find it difficult to adapt to the strict rules or schedules of the employer. As a rule, contracting authorities hire independent contractors online, most often on specially structured websites and portals.
From a specific point of view, weakness part of independent contractors can be stable earnings, because revenues are almost never constant, but interdependent on the amount of work done by the independent contractor during the accounting period. In this way, the independent contractor is also forced to use the financial resources wisely and consequently save money.
Trends at freealncing - are we ready to accept them and to follow?
Forbes, taking into account research on trends through independent contractors, also supported by the giant Upwork, states that the concept of employment in the current growth of work performed by independent contractors by 2027 will represent the majority model of employment.
The technologies that allow this kind of progress are becoming more advanced. At the World Economic Forum in December 2017, Stephane Kasriel, Managing Director of Upwork, pointed out that the growing trend of using artificial intelligence technologies actually has a positive impact on the creation of new jobs and employment growth, especially if we ensure responsible implementation and use of such technologies. solution.
At the same time, both cities and regions will begin to compare themselves in terms of quality staff and talented individuals, weaving. the war for talent will move from companies to urban environments, making them differently integrated into the economy than they are now.
The biggest challenges?
An independent contractor (freelancer) faces significantly different challenges in their work than employees of employers. Clients usually order work in a unique way, which is supposed to be done by independent contractors, but later they delay payment for this work, or they do not want to carry out the latter at all.
Even the days when working from 9 to 5 provided earnings for a good life are usually over. More and more people are self-employed, which has many advantages, creating their own work-related lifestyle, and at the same time less social security in the event of irregular and late payments.
The main challenges which freealncers are facing on a daily basis can be presented by the following 7 groups:
1. Constant search for job orders and promotion of own services
Independent contractors who are already established in the market have a great advantage over those who appear on the labor market for the first time. Namely, they have an extensive list of reference projects, and at the same time they are rich in experience in negotiating contracts, otherwise they would not be able to establish themselves because they would have realized long ago that this way of working does not suit them. In any case, the experienced and established must constantly follow the trends in the industry and take care of their own promotion.
Subscribers most often look for independent contractors online. There are several industry-oriented portals (GetaFreelancer.com, Freelancer.com, ScriptLance.com, eLance.com, Upwork.com, Guru.com, Rent-a-Coder.com, ProZ.com, TranslatorsCafe.com, Fiverr.com, …), Where the user forms his career profile with knowledge and skills, education, references and contact information.
Nowadays, an independent contractor must also have its own website, which should reflect its overall identity, meaningfully connect to social networks and ensure visibility in web browsers as well. In promoting its own services, the independent contractor should focus on the approaches that work and ensure a structured expansion of the set of clients. In particular, it should take advantage of the current situation and possible goodwill of the past employer, who might establish cooperation at this level. A great advantage is the provision of services in the field that the independent contractor best masters and wants to further improve in. In this way, he will become an increasing expert in parallel with the implementation of the work. At least at the beginning of an independent contractor's career, the latter may have to perform certain tasks for lower pay than he would like, but he will be able to gradually raise the price with consistency and quality work performed. In any case, lowering the price in the industry should not be a business model, as it leads to improperly performed work and does not ensure healthy business. The business usually does not reach the contractor by itself, so the classic sending of offers, attendance at conferences and direct presentation to clients is also an important element of promoting one's own services.
In any case, lowering the price in the industry should not be a business model, as it leads to improperly performed work and does not ensure healthy business. The business usually does not reach the contractor by itself, so the classic sending of offers, attendance at conferences and direct presentation to clients is also an important element of promoting one's own services.
2. Uncertainty in terms of constant workload
In this way, contracting authorities that hire independent contractors generally reduce their obligation to the workforce, because despite the higher payment rates achieved by independent contractors compared to employees, the latter do not represent any obligation for the contracting authority when they do not have a contract available to them. fully variable cost. This represents a certain degree of uncertainty for the latter, especially for subscribers for whom they provide services only occasionally, and even without pre-booked deadlines. At that time, they may already be busy with another project, so the client finds another contractor, and they lose the client.
Another issue is possible lack of regular income, because in months without a constant volume of orders, the independent contractor has to rely on savings. Therefore, when negotiating with a contracting authority, it is extremely important to determine the scope of contracts and payment supplements in the event of sudden (urgent) contracts, as a result of which an independent contractor may have to suspend the project for another contracting authority.
3. Management of own - independent activity
As a rule, the independent contractor is alone in managing its own activities. One is to carry out the services ordered by the contracting authorities, while at the same time taking care of administrative tasks, sending invoices, paying obligations, communicating with the competent authorities, promoting its own activities and creating a reserve for a period when it may not have enough orders.
4. Resolving possible disputes with clients
Despite the consistent implementation of an independent activity, a dispute may arise between the contractor and the client. You both resolve the latter according to established procedures, taking into account the manners and mechanisms of business cooperation, and it is welcome that they arrange their cooperation in advance, when there is no dispute between them, with an appropriate contract or at least an order form setting out the rights and obligations of both. If an amicable solution is not appropriate, the injured party must nevertheless resort to established mechanisms, including prosecution.
5. Payment policy
Clients often assume that they can save money by hiring independent contractors. Not only does such behavior lead to the disappointment of the latter, but it also leads to lower quality of services received by subscribers. When it comes to independent contractors, the saying goes that the client receives what they pay for! An independent contractor should be proud of their products and services. Therefore, it is only natural that in the case of a lower payment than the service is actually worth, the latter feels disappointed. Although some companies are always looking for the cheapest option, it is up to the contractor to accept the job or not.
6. Late payment
Just as it is worrying that an independent contractor does not receive a sufficiently high payment for the services provided, he is even more dissatisfied if he receives the payment too late or does not receive it at all. Clients who have poorly organized business tend to be late with payments, some even expect contractors to come to terms with non-payment. Therefore, it is extremely important to keep accurate records of the work performed, and in the case of clients who have proven to be poor payers in the past, the contractor may also request payment in advance.
7. Time management
Sounds simple, an independent performer arranges his own time; he gets up, takes a shower, gets dressed, walks to work, and starts working. His lifestyle is a fun routine. It is important, however, that he adheres to the routine he forms - this is time management for him. Along with the efficient and productive implementation of work, it is also necessary to know when to stop, otherwise bad habits will begin to affect health. Experienced freelancers know how to emphasize that it is also extremely important to know when to move away from the screen and live life to its fullest.
ShareWorking concept at PiplShare
Shareworking is a style of work that involves a shared virtual working environment and independent activity. Unlike in a "coworking" environment, where those working together are usually not employed by the same organization, shareworking basic identity is working within the same organization internally. Typically, it is attractive to work-at-home professionals, independent contractors, or people who travel frequently and end up working in relative isolation. Shareworking is also the social gathering of a group of people who are still working independently, but who share values, and who are interested in the synergy that can happen from working with people who value working in the same environment, virtually connected with each other.
The disadvantage of shareworking is a solely virtual environment and the possible problem of isolation – but shareworking is ready to be used in coworking environments, which offers a solution to the problem of isolation that many freelancers experience when working at home, while at the same time letting them escape the distractions of home.
The main advantage of a shareworking environment is, that those connected don't need their own companies to legalize their business, because Purchase orders are on an internal basis and transactions are organized through a unique cryptocurrency, which is able to be traded on global markets.
Each user is unique, profiles are generated through blockchain technology and profiles are constantly exposed to estimation-validation processes.
PiplShare's main features
- Posting jobs and resumes
- Geton Startup Ecosystem voting
- Referral link invitation
- PiplCoin (cryptocurrency) transactions
- The prospectus - kick-start your project
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.
A blockchain – originally block chain – is a distributed database that is used to maintain a continuously growing list of records, called blocks. Each block contains a timestamp and a link to a previous block. A blockchain is typically managed by a peer- to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. Functionally, a blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically."
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, identity management, transaction processing, and documenting provenance.