7 Reasons Why Hiring A Freelancer Is Smart For Your Business
Planning to launch a new business? Hiring the right freelance talent might just be the right choice to cut back expenses, grab key talent and optimize performance.
Read on to find out why hiring a freelancer is probably one of the best business choices you’ll make as a startup entrepreneur!
1. Access to Unique Talent
One of the most obvious benefits of hiring a freelancer is that you’re hiring people you couldn’t normally be able to find or afford. Recruiting top talent is now easier than before thanks to platforms like UpWork and PeoplePerHour.
At these sites, and dozens of others, you can browse through thousands of highly qualified individuals from all over the world. Top performers will perform no matter where they are, so you don’t have to limit yourself to local talent.
2. Freelancers Can Work Remotely
As freelancers can be based anywhere in the world, you will be saving office space with each freelance contract you sign.
Conventional employees require office space and have a range of practical needs that raise costs. On the other hand, freelancers who work from their own home will cost you zero overhead and won’t get in your way.
This makes freelancers ideal for startups. Working remotely reduces costs, boosts productivity, and gives you access to virtually every skillset on the planet.
3. Hiring a Freelancer Is Cost-Effective
Another major benefit. Hiring freelancers is not just cheap; it’s cost-effective.
While are paying your regular employees for a full workday regardless of what they do, you pay your freelancers only for work done.
Simply put, hiring a freelancer means you spend each dollar productively. You won’t be paying for coffee breaks, socializing, or idle chatting.
Moreover, freelancers don’t require competitive salaries or company benefits. This doesn’t make you a bad employee for hiring them, because a freelancer will be working with many clients at any given time. Instead of relying on a single source of income, they spread out and offer their services competitively.
When it comes to actually hiring freelancers, the options are virtually limitless. Top freelancers aren’t cheap, but as they compete for the best jobs, their rates are reasonable and competitive.
Moreover, some freelancers require hourly rates, which might seem steep compared to the salaries you might be paying out in your company. Note that this is still an economical solution, as the freelancer will only be paid for the hours they worked and not a second more.
More affordable freelancers offer per-project or per-milestone ratings. For example, freelance writers will charge for each article, and sometimes for each word written. This gives you maximum control over what you pay.
4. Team Flexibility
Perhaps the most unique benefit of freelance talent is the flexibility they give to your team. Even if you’ve assembled a great team, you might find yourself needing a specific skill your team doesn’t have.
Freelancers allow you to plug any holes in your team’s skillset with speed and precision. Moreover, you don’t need to have any long-term engagement with your freelance talent. You can work with them for only as long as you need to.
Freelance workers can also ensure that your company is operational 24/7. Even after office hours are over, your remote workers could be replying to blog comments, engaging with the community or offering customer support while you sleep!
5. Helping You Achieve Business Goals
In addition to team flexibility, hiring freelancers can be a powerful tool in your business strategy. Freelancers think and act differently than regular employees. This can open up a whole new dimension of business development possibilities.
Freelancers are self-employed entrepreneurs with at least some background in business. You can leverage their experience and ideas to promote your own strategic goals and find new solutions to achieve growth.
As they rely on repeat business, freelancers will strive to help you succeed. If you grow, they get more business from you, so it is in their best interest to help you achieve your business goals.
Freelancers depend a lot on a robust portfolio of past projects and need your referrals to get more clients. This gives them additional motivation to keep performing at their best. Freelance services only get better with time, as there is no complacency due to a secure payroll.
Especially when tasked with quality control and customer service, freelancers will have a personal stake in performing at their best. This will affect not only their work with you but any future jobs they might take.
6. Outsourcing Reduces Business Risk
Technically speaking, freelancers are not employees. This means that you don’t have the business risks associated with hiring when you work with a freelancer.
For example, freelancers can’t demand compensation benefits or insurance. You can replace them easily, and they can’t sue you for unfair dismissal because they weren’t employees in the first place.
Hiring freelancers doesn’t make you a bad businessperson. Instead, it gives you more flexibility and lowers your risk. Freelancers are usually creative, highly talented individuals who don’t want to work as regular employees anyway. By outsourcing to them, you are helping them achieve their goals.
7. Boost Productivity and Well-Being of Your Regular Employees
Finally, remote workers will help the productivity and overall working conditions for your regular employees. If workload threatens to overwhelm your office staff, relieve them with a temporary freelance contract.
As mentioned earlier, remote workers can also pick up the slack outside office hours, preparing your operations for when your regular folks will return to the office the next morning.
Ready to Launch Your New Venture?
Now that you’ve seen the benefits of hiring a freelancer, it’s time to continue setting up your new business.