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Freelancing: What Is It? How Much Money You Can Make?

Updated: May 6, 2021

Before you decide to take the leap into freelancing, it's important that you know what's freelancing, the benefits of freelancing, how much money you can make with freelancing.

Freelancing has become a popular choice for people who are looking for flexible work from home jobs. How much can you realistically expect to earn from freelance?

The answer varies depending on what type of freelancer you are.

How much money you make from freelancing, depends on you.

If you are working full-time, you'll probably make more than those who freelancing part-time.

If you are lazy, you won't make as much money as someone who works extra hard.

If you freelance for an hour a day (Monday to Friday) and charge $20 per hour, you'll make exactly $400 per month (minus fees and charges, if any).

I mentioned how Morgan Overholt made about $500,000+ in 3-4 years flat. Then, there's Danny Margulies who made around $200,00+.

Here are my own earnings:

See? It's not like there's a fixed salary. I mentioned earlier that freelancing is as much a business as any other business.

What's Freelancing?

Freelancing is a term that has been around for centuries. In fact, it's believed that the first freelancers were skilled laborers in ancient Greece and Rome who had no ownership of their labor but instead sold their services to other owners.

The individual would then go to work for whomever they pleased and would be paid by the day or hour.

Freelancing is a term that has been around since the late 1800s. The Oxford English Dictionary defines "freelancer" as “a person who works in a particular profession or trade on their own account and under no obligation to any specific employer”.

This definition applies to both self-employed people such as painters, gardeners, lawyers, designers, etc., and people who work for themselves in more traditional professions like teaching, journalism, music composition, and more.

Freelancing is a simple, efficient, and straightforward path to digital entrepreneurship. Freelancing is the fastest way to make money.

Just as you trade your time, experience, skills, and resources to get paid at a job; you'd now do that with freelancing too (except with multiple clients).

What are the benefits of freelancing?

Have you ever thought to yourself, "I just want to work for myself"? Or maybe, "this job is too much and I need more flexibility". If so, then freelancing might be the perfect solution.

Freelancing is a popular choice for many professionals who want to have more freedom and independence in their work.

Freelancers can set their own hours, choose the projects they want to take on, and even decide how much money they make per hour.

Freelancers enjoy freedom. You can work at home, or choose to move around as you please. There's no commute. There's no need to dress up. There's no time wasted. You don't sit around for someone else to give you work.

No idiot bosses and even more irritating colleagues (unless you really love that).

You don't have to worry about office politics because there aren't any.

The best part is that how much money you make with freelancing is totally in your control.

Interested in learning more? Check out my freelancing course

Watch and learn from the new YouTube Channel for TrooperTribe.

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