Things you need to consider when freelancing
In the events industry there is a large number of freelancers, this is owing to the fact that events are not an even distribution of work over the course of a year like other jobs and industries. Events can also be seasonal depending on the type of event. Because of this it means that you may be tempted to become a freelancer. There can be many benefits to freelancing but there are also some pitfalls, with this in mind this is a brief overview of things you need to consider before becoming a freelancer.
- Freelancers don’t always get consistent work, this means you may have months where you are quiet for work and may have less income coming in. For instances if you work on corporate events they predominately tend to take place through spring and autumn months, with quieter summer and winter months, there will still be some planning activities that are required however you should try and budget for these quieter months when you may not be earning as much.
- You won’t always start working on event at the start of the event planning, sometimes this can be very late into the planning of the event, so you need to be able to get up to speed on an event fairly quickly, with a good understanding of the type of event you are working on. It can be difficult if you have only previously worked on a certain types of events, as different events will have different requirements so you may need to consider doing some research or study on other types of events to help bolster you experience when freelancing.
- You will need to be able to work with all types of event teams and people, quickly building good working relationships. Different teams will have different dynamics and if you are someone who adapts quickly to new environments this is a real benefit.
- You will need to take responsibility for your own Income Tax and National Insurance through HMRC (this is if you are freelancing in the uk, for other counties this maybe different so make sure you check this with your own countries tax requirements) You need to be able to accurately keep track and copies of your accounts, which will include you income, expenses and budgeting.
- You will also need to be able to promote or market yourself as a freelancer to expand your client base, this maybe online or through active networking in the industry.
- You will need to factor in time to look for freelance jobs, not all work is going to come to you, you will need to actively look for companies who are employing freelancers and this can be quite time consuming.
- Unless you already have a big selection of clients you can go to when you initially start as a freelancer you might be a bit light on paying work so you need to make sure you have accounted for that before you jump into the freelancer world.
Freelancing can give you the opportunity to gain fantastic experience but it can be hard work and longer hours especially if you are working for several clients at any one time, making it essential to think about how you will manage you time and get though the tougher times as well as the experiences you will be gaining.