Software Freelancing has been billion dollar industry from past few years, it has helped a lot people from lower countries from South Asia, Africa to connected with clients globally earn a decent amount.But in recent times a lot of new people are facing issuing in freelance.
It is becoming very hard to earn decent amount for your initial event if you have worked cheaply for months.The problem is the projects that offer large amount of money and good pay, prefer experienced profile
Clients Quality
The quality of clients seems to have going down in freelancing sites,Most clients only look to freelancing to get work done a lot cheaper and exploit developers.A lot of them make developers do extra, some don't even pay the full amount.Freelancing sites don't seem too efficient when solving these issues, often it is the developer who loses in these cases.
OutSourcing
Number for small Out sourcing firms have increased rapidly in past fews, who connect small clients to trusted companies from allover the world, such as connecting an client from US to a software company India. This has had an impact on freelance market, as a lot of clients with decent budget stay away from freelance site , rather opting for a trustable outsourcing company.
Remote Jobs
Another factor that has impacting the market, is the rise in hiring of remote developers. Platforms such as turing are helping developers and companies , connecting with each other.This is having an impact on freelance markets, since now small business can find trustable developers globally for there projects and stay away from freelance platforms.
Too much crowd
Freelancing sites have seen a huge number of developers joining, especially from countries such as Bangladesh, India and Pakistan.This is made harder for new comers to get hired, and hiring rates going down.
One can always get an Indian Developer at a cheaper price
Each year, an high numbers of young Indians become ready to join the tech industry, Unfortunately a lot of skilled guys are left out, as companies cannot hire everyone.These guys then look to freelance markets, offering a lot cheap rates.The most favourable thing is India inflation rate is highly controller and all items are available cheaply.let's compare it, with it's neighbouring country Pakistan.which has an very high inflation rate,A Pakistani Developer will have to charge 4 times that of an Indian developer to be equal.
Incentives offered by software companies
The companies are coming up with employee friendly policies each year to improve there productivity.Most companies provide health insurance, bonuses, provident funds and many other benefits to there employees.As an freelancer you are missing out on those.Furthermore the working environments have become more employee, extra time is highly discouraged, employees socialize with each other easily on there workplace.Furthermore you only work 8 hours a day, five days week as an employee, while as an freelancer you need to be available and work whole week.Most important factor is that you wont be getting any paternity leave, or retirement money working as an freelancer.Even if you work 50 years for upwork and give them huge number of profit, they won't be providing any retirement money to you.
Even though freelance markets are still doing well, but it is becoming harder to get desired reward, even some experienced freelancers are also looking for jobs to get.The companies have become a lot flexible, offering good quality working environments, good salary packages and also remote work options.Overall , it will be better to get a job rather work as freelancer for most of the guys.