I strated as a freelancer, now I have my own agency. Runing an agency and being an individual freelancer is very similar or basically its the same. Only the difference is when you have an agency you have more works and people to hanlde the works. Getting jobs and delivering is the same process though.

Now come to the point:

Look at the screenshot, thats my last 12 months earning that i only paid through upwork direct contract. Also I recevied more $20k+ in other payment gateway in last 12 months.

I made $85k in 2021.

And this year 2022 approximately $115k – $120k, that means minimum $10k per month.

This is my own experience with freekancing.

So thats why:

Freelancing can be a good way to earn money, especially if you have a particular skill or expertise that you can offer to clients. It can provide you with the flexibility to choose your own projects and set your own schedule, which can be especially appealing if you have other commitments or if you prefer to work independently.

However, it’s important to keep in mind that freelancing can also be unpredictable, and it may be difficult to find consistent work. You may also need to spend time and effort on tasks such as marketing and invoicing, which can be time-consuming and may not be directly related to the work you enjoy doing.

Overall, whether freelancing is a good way to earn money will depend on your individual circumstances and goals. It’s worth considering carefully whether freelancing aligns with your needs and preferences before diving in.

Here are a few tips for new freelancers:

1. Define your niche: It’s important to be clear about what services you can offer and to whom. Identify your areas of expertise and consider targeting specific industries or types of clients. This will help you stand out and make it easier to market your services.
2. Build a strong portfolio: As a freelancer, your portfolio is your calling card. Make sure to showcase your best work and include examples of projects that demonstrate your skills and expertise.
3. Network and market yourself: Freelancing can be competitive, so it’s important to put yourself out there and let potential clients know what you can offer. Consider joining relevant professional organizations and networking events, and make sure to have an up-to-date online presence (e.g., a website or LinkedIn profile) that showcases your skills and experience.
4. Set clear terms and expectations: Make sure to clearly communicate your terms and expectations with clients, including your rates, payment terms, and deadlines. This will help avoid misunderstandings and ensure that you are fairly compensated for your work.
5. Manage your time and workload effectively: As a freelancer, you are responsible for managing your own time and workload. Make sure to prioritize tasks and allocate your time wisely, and don’t be afraid to say no to projects that don’t align with your goals or that are not feasible given your current workload.

I hope these tips are helpful. Good luck with your freelancing journey!