For certain objectives or deliverables, particularly of the technical variety, Scrum or Agile professionals can maximise the efficacy of the project. Project managers, Scrum masters and product owners can streamline the process, enhance communication, and ultimately, improve the outcome.
For example, a product owner creates accountability, as they are solely responsible for the product that results from the Scrum team’s work. Much of their work hinges on communication; they will ensure goals are clear, communicated, and that the workload is organised and transparent.
Freelancers are an economical, efficient and effective way for startups to source the talent they need. However, once the case has been made, the next step is identifying the right profiles to bootstrap a startup. On large freelancing platforms, this can feel like finding a needle in a haystack.
As an experienced group of freelances, Outvise recognised this issue. That’s why they founded a platform specifically for digital and TMT professionals, so big corporates and startups alike could quickly access the certified expertise they needed. The result was all the benefits of the freelance world, with none of the hassles. Explore the portfolio of experts here.
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The onslaught of the COVID-19 pandemic has proved one thing: remote work works. With more and more companies switching to remote work, outsourcing, and freelance contracting, there has never been a better time to become a freelancer.
While the internet is brimming with ways to jumpstart your freelance journey, finding the freelance project to suit your skills and needs can be tricky. You might experience a highly demanding contract, rude clients, or, even worse–you might get scammed. To help you navigate the freelancing world, we’ve developed a beginner’s guide on how to become a freelancer.
The world’s workforce is rapidly shifting to an online setup, creating a steadfast need for more remote workers. Financial, tech, and other big companies across industries have now set their eyes on the Asia Pacific region to acquire skilled freelancers to help them drive revenue to their businesses.
A recent study conducted by Hire Digital suggests that 59% of senior marketers said that they are maximising freelance service growth over the last five years. Moreover, 66% of companies even say that hiring freelancers on their teams boosts the productivity of their organisations.
The same study by Hire Digital shows that 82% of the world’s youth freelancers come from Asia–a significant gap from the 47% in North America. With Southeast Asia being an outsourcing hub of the world’s foremost financial and technical companies, it’s no surprise that the Philippines ranked 1st among the fastest-growing freelance economy markets worldwide, with over 1.5 million active freelancers. Other active freelance markets come from Singapore, India, and Hong Kong. These Asian countries cater to various industries ranging from tech, finance, hospitality, retail, and more.
According to an article in Lancer X, the number of account workers has risen from 8.8% in 2019 to 9.7 in 2020. Out of 228,200 own account workers, 84% take their freelancing work as their main job.
For the Asia Pacific region, the Freelancing industry not only provides opportunities to gain a higher salary but also to escape the horrors of full-time 9-5 work. In this post from a Filipino freelancer, she cited the dreaded Manila traffic as one of the most compelling reasons for switching to freelancing.
The business sector is seeing a great resignation trend among skilled workers across industries, dubbing the phenomenon as the “Talent Crunch.” The increasing rate is highly alarming for companies, as it’s said that the world will lack 85 million talent by 2030 if the trend goes on.
Businesses across the globe find hiring freelance talents and skilled professionals as the number one solution to the talent crunch. A recent article from Tech Collective said that around 20 million highly skilled freelancers could be found in the Southeast Asia market alone, which is more than enough to resolve the talent crunch in the region and supply additional manpower to other countries.
Hire a HackerEmployers and hiring professionals have also adapted to the changing employment trends. Before, university degrees were all that mattered. Now, online training, certifications, and portfolios place more weight on a freelancer’s resume–giving everyone better access to higher-paying jobs that can help them showcase their talents.
With the looming recession, more Southeast Asian companies are veering towards outsourcing and finding freelance contractors to reduce operational costs. Getting skilled freelancers can help a company reduce up to 30% of operational costs each hire–imagine the savings a company receives when they operate in a fully remote and freelance setup.
Aside from this, senior marketers also suggest that the freelancing industry resolves three of the biggest challenges of business excellence: lack of expertise among employees, long approval processes, and the rapidly changing market. This helps companies save time and resources, which they can dedicate to creating new products or solutions to further increase their revenue.
With all these statistics and trends about freelancing, it’s safe to say that the rise of the freelancing industry doesn’t only offer more employment options for talents, but it also helps numerous businesses thrive on the market today.
Because of the increasing number of freelancers, there is no shortage of people who attest to the benefits of being a freelancer. While each freelancer’s experience may vary depending on their skills, experience, and the industry they work in, here’s what you can expect when you start your freelance journey.
Freelance contracts and gigs provide flexible working setups to accommodate all kinds of lifestyles. Some may be output-based, fixed project rates, or hourly contracts. In most of these setups, freelancers can set their own schedules and pacing.
Aside from your flexible working time, most freelancers are also granted the freedom to work anywhere. While there may be periodic project meetings, freelancers can work on their own terms as long as they can meet the deadlines and metrics agreed upon on their contract.
Compared to regular work, where you're almost forcefully obligated to do every task given to you, in freelancing, you can say no. This includes declining offers, projects, contracts, or even clients. If you deem that a job can't fully compensate you for your skills and experience, or if you feel it won't contribute to your freelancing journey, you're free to decline a project.
Each contract, output, or project you would work on may significantly affect your portfolio and credibility. So, it's best to commit to projects only if you can fully dedicate your time and talents to them.
Freelancers don't base their rates on standard employment metrics. Instead, they charge based on their skills, experience, portfolio, and overall expected company contribution. Because of this, freelancers can charge higher than employees on a traditional working set up if they deem it applicable.
Because of the flexibility of their working setup, freelancers can also take on multiple clients at a time. This freedom can lead to higher earning potential. However, when doing this, remember to review your contract, as some freelancing contracts don't allow talents to work with competitors or other companies under the same niche. Furthermore, don't forget to ensure that you can deliver the demands of your existing projects before taking in a new one.
Boredom is one of the worst enemies of freelancers. Once you've started your freelance life, there may come a time when you will find yourself doing the same things from one project to another. To avoid this, it's best to develop a diverse skill set, which would allow you to take on a wide variety of work. This way, you won't find yourself in a constant loop of a single task.
It's highly recommended to branch out to other skills connected to your current niche. For instance, if you've been working as a Content Writer, you can also explore other writing tasks, such as Email Copywriting, SEO Content Creation, and more. This way, you can offer better value to your new clients.
As mentioned a while ago, senior marketers believe that hiring freelancers allow organisations and companies to adapt to the ever-changing market. This is because freelancers are obliged to learn new skills and constantly adapt to new technologies. Learn new skills regardless through various strategies–watch online tutorials, benchmark quality work of other freelancers, and more.
As a freelancer, you decide when and where you work, and you are fully in charge of where your career goes. In short, you're responsible for your own success. However, just like other company leaders, a wrong decision may also cause a significant decline in your freelancing career. So, make sure you know the industry and niche you'll choose.
It will also help if you have a concrete and systematic plan for your freelancing journey, pretty much like how you'd plan your business. Study the market you're eyeing, analyze the demand of your niche, go through freelance job boards, do competitor's analysis among other freelancers, and more. Doing this would help you manage your expectations and properly navigate through various freelancing marketplaces.
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