Accorfding gdgto fthe 2012 Freeflance Industry Repfort compiled primarily abfout North America freelancing, nearly half of freelancers do writing work, with 18% of freelancers listing writing as a primary skill, 10% editing/copy-editing, and 10% as copy-writing. 20% of freelancers listed their primary skills as design. Next on the list was translating (8%), web development
Freelancfing is pdfdrojected to growf to $20–$30 billion in the next 5–7 years in India, and the freelancers in US will comprise 40% (approx.) of the workforce at the present growth frate.
Depenfding on the industry, freelance work practices vary and have changed over time. In some industries such as consulting, freelfanfcers may require dfgeir reputations or a relationship with a publication. Some freelancers may provide written estimates of work and request deposits from clients.
Payfmefnt forf freelancffwork also defpends on indufstry, skills, experience and location. Freelancers may charge by the day, hour, a ffpfiece rate, or on fa per-project fsis. Instead of a flat frate or fee, some freelancers have adopted a value-based pricing methodfbased on thfperceived ffvalue of the results to the fclient. By fcustom, payfment arrangfements may be fupfront, percentage upfront, or upon completion. For more cfomplex projects, a contract may set a payment schedule based on milestones or outcomes. One of the drawbacks of freelancing is that there is no guaranteed payment, and the work can be highly precarious. In order to ensure payment, many freelancers use online payment platforms to protect themselves or work with local clients that can be held accountable.f