Freelancing is one of the coolest and most comfortable methods to make money online. Ever since the inception, advancement, spread and the use of the internet, many can now make money in their comfort zone. Wherever you are; your kitchen, in the living room, you can make money via freelancing. It’s that easy. All you need is to get your device ready, either it’s a laptop or a desktop, connect to the internet and voila! You’re ready to make money! It’s a very easy and sweet way of making money comfortably instead of toiling and sweating it out on the field or in an office.
Freelancing presents one with the opportunity of working anywhere and with anyone in the world without having to get a visa and a work permit. That’s nice, isn’t it?
Once upon a time, you had to spend to get a visa and a work permit, fly to wherever you like to work, and start adapting to your new environment; the weather, the exhaust, noise of school kids, the noise made by crickets at night – a new life generally. This could be fun in itself, but then, it could be challenging to adapt to a new life. Thanks to freelancing, I can sit right on my couch, and get clients from other parts of the world, doing business and getting paid.
Cutting through government immigration policies
To a very reasonable extent, freelancing has cut out all the complexities of taxes, permit and other harsh conditions for working abroad or in a foreign country. An immigrant without a work permit is not granted permission by the “immigration and tax law” to get employed in a foreign land. In the United States, for example, any income received by a US citizen working in a foreign land without a work permit will be heavily taxed. Such income is called the “US source income.”
However, if the income meets one of these requirements, it may not be so:
- The amount of income must not exceed $3000 in value
- The service rendered must be on a contractual basis
- The employer must have spent nothing less than 90 days of being “physically” present in the United States.
Freelancing extensively cuts through this rough phase because it is strictly an employer/employee relationship that has no government policy involved. There is no tax by the government on income gained through freelancing.
The Emergence of Digital Jobs
The emergence of digital jobs has made immigrants searching for jobs in a foreign land on the decline. The advancement of computing technology has made this possible. Even top companies no longer have to go through the tough and rigorous process of bringing in a foreigner to handle digital jobs. All they do is to outsource the work to people who can prove they possess the required skill.
Currency Power and Exchange Rate
Now, many people may not consider this well but let’s give it a thought. If a company needs to outsource a job to a foreigner, the currency exchange rate of both individual countries comes into play. In as much as the freelancer has the right skills and is capable of handling the job; the employer can actually spend less and save more provided his country’s currency has the upper hand. The employee, on the other hand, would be highly favored because the currency in which he earns will be much higher in value than his local currency. In this case, there is a balance on both sides as they all benefit from this transaction. This can only happen in freelancing. However, if there is “immigration” to either homeland, standard rate applies.
In freelancing, the employer has the upper hand. Once the job is done to satisfaction, the employer can pay the freelancer for the job; otherwise, he can withdraw the funds unless they both reach an agreement to cancel the transaction. In the real world, an employer can monitor his employee and sue him if it results in fraud or any form of nullification of the terms and conditions between both sides. For this reason, many employers would prefer a physical relationship with their employees than a virtual one especially if the employee is from a foreign land. In this case, there will be a need for either person to migrate physically for the business to be actualized. However, this is not so with freelancing. The identity of both parties is not known hence the risk of losing in the business is high. With proper freelancing practices or with systems such as “pay on project completion,” an employer can be assured his money is safe and secure until the project is completed to satisfaction. This will cut down the need and cost of either party migrating to a significant extent.