Writing in Business News Daily, Sammi Caramela observes there’s a growing number of GenXers and Boomers moving from fulltime work to freelance. In fact, a recent study found that 49 percent of freelancers are more than 50 years old. The reasons for moving from a steady 9 to 5 gig to life as a contractor are pretty compelling:
Freelancing is more conducive to the elusive work-life balance Employment laws put contractors in the driver’s seat when it comes to scheduling and hours worked. That’s appealing for those who have been in the workforce for decades and are ready to end a lengthy commute in order to spend more time with family and friends.
Experience matters Many freelancers work remotely and never meet their employers face-to-face. That means that the ageism experienced by people with a few grey hairs and some wrinkles is not a factor in finding the best fit for a short-term project. In fact, this is a case where the quality of work outweighs all other factors when it comes to delivering a project on-time and within budget.
Semi-retirement is the new normal Fewer and fewer older workers are choosing to retire outright, with more of the 65+ set opting to cut back on work hours rather than spend every day golfing or puttering in the garden. “Because baby boomers tend to have more experience than younger generations, they can use their insight and connections to their advantage, and continue to earn a profit while working remotely with a flexible schedule and perks.”
Read the full article: Why Baby Boomers are Becoming Freelancers
People who want to earn money in non-traditional ways have more options than ever before, thanks in no small part to platforms like Etsy, eBay, and Airbnb. Among the post-career paths 60andme’s Margaret Manning discovered: online tutoring, graphic design, catering, genealogy, and even becoming a movie extra! Those who want to apply the skills they’ve developed over the course of their careers can turn to sites like Fiverr or Encore Fellowships for short term jobs. Joining a corporate board can help someone with strategic skills stay involved in the long term growth of an organization.
Read the full article: 60 Creative Ways to Make Money in Retirement
One challenge in becoming a freelancer is knowing what to charge while striving to earn the salary you’re worth. Erica Gellerman experienced this first-hand, when she learned that a fellow freelancer, who happened to be male, was earning 40% more than she was for the same work. She offers three strategies for those who are transitioning to freelance:
Clearly signal your value through statements like “I provide high value work” and a list of your former clients and experience.
Do your homework by reaching beyond your network (particularly if you’re a woman) to find what the market will bear in your field of expertise.
Set a negotiation strategy, again doing your research to learn the best way to approach the conversation around your fees and how much room there is to negotiate.
Read the full article: 3 Strategies to Earn What You Deserve in the Gig Economy
Photo credit: bark on Flickr