I have been following an interesting discussion on another forum where someone asked whether there was job security in freelance writing. First of all, the words job security and freelance writing really shouldn’t be put together in the same sentence. When you are providing services on a freelance basis, you are not working a job. You are a business owner who has clients.
Can you earn a stable income through your freelance writing business efforts? Yes, you can, and if you are looking for a secure income, you are probably better off making it happen for yourself than by working for an employer.
If you are working for a company, you have a single source of income. If the company is going through a rough patch or someone determines that you don’t fit in, you may well find yourself being told that your services are no longer required. It doesn’t necessarily matter that you have been doing your job well; if the company is looking to cut costs, you may be let go anyway.
A freelance writer ideally has multiple sources of income. It’s not the best idea to have only one client or structure your business so that one client is responsible for providing you with a large percentage of your income. That way, you won’t take as big of a financial hit if that client doesn’t have steady work for you or you choose not to work with him or her anymore.
One of the best things about working on a freelance basis is that you have control over what assignments to take. There will be times when you take on work that wouldn’t necessarily be your first choice but that can generate income to pay bills or buy groceries, and there is nothing wrong with that. Haven’t you ever watched a movie and wondered why an actor decided to take on that particular role? (My suspicion is that sometimes projects get floated around to people who just need to make some money, but I could be mistaken.)
There is no security in working for an employer, no matter how long you have worked there. The days when someone started his or her working life with one company and stayed there until retirement are gone. If you are looking for security, the place to start is with the image you see in the mirror. Start building the type of business you want that can help you reach the goals you have set for yourself.
P.S. Why are you still reading this? Get out there and work on your business! 😉