Freelancing

7 Fast-Growing Industries For Freelancers

Considered one of my favourite issues about being a profession coach is that I get an inside have a look at many industries by means of my work with various shoppers. Let me inform you… that was actually an attention-grabbing vantage level to be looking from this previous yr. Greater than any yr in latest reminiscence, 2020 introduced profound adjustments throughout all industries. 

Some of the important adjustments I noticed and mentioned with shoppers was the increase in freelance work. The so-called “gig economic system” has been rising steadily for years. The financial challenges in 2020 and the rise of distant work contributed to much more progress within the variety of U.S. employees taking over freelance work. 

In 2020, 2 million workers joined the freelance economic system, elevating the proportion of American employees engaged in freelancing full time by 8% to a complete of 36%. The freelance sector has grown to generate $1.2 trillion in earnings yearly. 

Youthful generations of employees are additionally extra prone to take part within the freelance economic system, with 50% of Gen-Z and 44% of Millennials working freelance. With extra new faculty grads getting into the job market, we’ll solely see much more freelancers. 

One other driving issue within the progress of the freelance economic system is that many employees really feel that freelancing provides higher flexibility. This has grow to be particularly related with the rising uncertainty of residing life with Covid-19. 

For a lot of, freelance work appeared a greater match for these unsure occasions, with 67% of freelancers reporting that their job flexibility made them extra ready to take care of the life-style adjustments that got here with Covid-19. Freelancing affords the chance to set your personal schedule, permitting employees to have higher boundaries of their work lives. Of freelancers surveyed by FlexJobs, 89% stated that they selected to hitch the gig economic system as a result of it provided higher work-life steadiness. 

All this has created a a lot richer freelance panorama and lots of new roles for freelancers. For these seeking to pivot to working freelance, or freelancers seeking to increase their portfolio, listed here are 7 industries which might be rising rapidly into 2021.

1. Accounting, finance, and bookkeeping

With all of the monetary challenges that 2020 introduced throughout many industries, everybody might use accountant. In keeping with a FlexJobs report on the freelance economic system, accounting and finance is likely one of the hottest freelance jobs for 2021. 

Plus, the accounting sector is anticipated to see 6% growth over the following 10 years. The demand for distant freelance jobs doesn’t prolong simply to CPAs, however provides many choices for professionals with abilities in finance, bookkeeping, tax submitting, banking and auditing. 

Many main firms are currently hiring freelance accountants. However one of many strengths of this subject is that corporations throughout all sectors, starting from firms to small companies, want the varied companies supplied by a professional monetary skilled.

So whether or not you’re a CPA who’s seeking to strike out by yourself, or somebody who has been doing tax submitting in your aspect hustle, you’ll be able to count on the market to be wealthy for freelance accountants and monetary professionals. 

2. Customer support

Whereas it is generally missed, customer support is a vital a part of many sectors — even now, with so many individuals working (and procuring) from residence, shoppers nonetheless discover points with their purchases, companies and home equipment.U.S. corporations lose a staggering $1.7 trillion in revenue yearly as a result of unhealthy customer support. Customer support additionally has a big impact on model loyalty. After only one single unhealthy customer support expertise, 48% of consumers reported switching to a different model!

The Covid-19 pandemic hasn’t lessened the necessity for good customer support, and if something, it is made it much more vital. Many corporations have directed extra consideration to their customer support departments this yr. A report discovered that on common, corporations have been coping with over 100% more customer support calls that have been rated as “tough.”

Whereas customer support jobs have been historically full-time positions inside a devoted division, more and more corporations want to freelancers to fill customer support wants. FlexJobs has seen a sharp increase up to now a number of months in demand for freelance customer support jobs.  

3. Digital advertising 

Advertising consulting is one other sturdy house for freelancers in 2021. Additionally it is one of many most lucrative spaces throughout the freelance economic system, with advertising strategists incomes as much as $100,000. Many corporations look exterior of their full-time workers for his or her digital advertising wants, with 22% of social media activity managed by exterior expertise.

Covid-19 introduced a significant uptick in e-commerce, with on-line transactions seeing a 40% rise. With a lot extra procuring occurring on-line, companies are dealing with extra competitors than ever. Savvy advertising can be important as corporations jockey for eyeballs within the digital market. 

Advertising is a broad umbrella, and the excellent news for freelancers is that there are a lot of methods to specialize your skillset to cater to the wants of companies in 2021. 

Some highly sought-after skills within the on-line advertising house embrace Search Engine Optimization, information analytics, branding or model growth and net design. 2021 is a good time to be taught a brand new ability or specialize should you’re hoping to compete within the digital advertising freelance sector. 

4. Remedy

It must be a shock to nobody that the demand for therapists is on the rise. After such a tough yr, an increasing number of persons are realizing the worth of a top quality therapist. 

The pandemic has been particularly onerous on relationships, with 34% of couples reporting that Covid-19 led to some better battle of their relationship. The pressure of working from residence additionally contributed to relationship struggles, with 22.95% of couples reporting that working from residence had a adverse impression on their relationship, and of these {couples}, 6.67% stated that the pressure of working from residence precipitated a breakup.

The elevated psychological well being pressure and relationship difficulties ensuing from Covid-19 will seemingly contribute to progress in lots of alternatives for therapists and counselors who concentrate on psychological and behavioral well being. The necessity for marriage and household therapists is projected to develop by 22.3% in 2021, and the demand for behavioral and psychological well being counselors is anticipated to develop by 24.7%.

Whereas many therapists work by means of medical facilities and clinics, many select to function freelance or with a personal observe. The expansion of on-line remedy fashions like BetterHelp has additionally created extra alternatives for therapists searching for freelance and contract alternatives.

Most remedy or counselor roles would require substantial coaching and in some instances, the next diploma. This positively isn’t for individuals who want to freelance as a aspect hustle, nevertheless it’s an amazing route for these seeking to make a profession turn into a satisfying and significant subject with nice prospects for freelance work sooner or later. 

5. HR and Recruiting

As distant work has more and more grow to be the norm in lots of our work lives, the choices for distant and freelance HR and recruiting work have enormously elevated. As of 2019, there have been already 43,000 HR consulting corporations, which generated income to the tune of $25 billion. 

Corporations are more and more turning to exterior human-resource professionals and recruiters.  Freelancers on this subject present the good thing about an out of doors perspective, in addition to flexibility to work on a undertaking or non permanent foundation. 

Many corporations flip to freelance recruiters who’re specialised of their experience and concentrate on serving to shoppers discover expertise to match particular wants. Insiders at platforms for freelancers resembling Fiverr and Professional360 are seeing regular progress within the variety of HR consultants doing freelance, in addition to the demand for HR and recruitment-oriented contract work. 

6. Computer systems and IT

After the 2008 financial crisis, the pc and IT sector noticed a significant increase, as many industries adjusted and upgraded to get again on tempo. Many consultants count on there might be one other main shake-up to the IT sector as we start to recuperate from the Covid-19 pandemic and subsequent financial downturn. 

Whereas we’ve not but seen the most important surge in IT jobs that some anticipated in response to Covid-19, in line with FlexJobs data it’s nonetheless a sector that’s seeing among the highest numbers of freelance job listings. 

Cybersecurity jobs can be in particularly excessive demand, as cybercrime has risen by 600% because the starting of the Covid-19 pandemic. As malware and ransomware assaults and community safety breaches grow to be extra frequent and complex, the demand for cybersecurity jobs will improve as properly. 

7. Actual Property

Regardless of most of the monetary challenges of Covid-19, sure sectors of the actual property market noticed progress. Lockdowns, stay-at-home orders, and excessive Covid an infection charges in main cities had many setting their websites on single-family properties in rural and suburban areas. As of September 2020, gross sales of current properties hit a 14-year high, with median costs additionally rising. 

Specialists have optimistic predictions for the housing market in 2021. That is sure to drive the demand for realtors, actual property traders and different actual property professionals. 

The rise in distant work can be set to be a driving power in the actual property market. As extra employees are capable of work remotely, they gained’t need to deal with lengthy commutes, which permits them to discover residence possession exterior main cities. Over 2 million American renters who wouldn’t have the ability to afford to purchase of their present market would have the ability to buy a starter residence in one other a part of the nation. 

Whether or not you’re a long-time freelancer, or you’re hoping to lastly ditch the nine-to-five in favor of one thing extra versatile, you’ll be doing your self a significant favor should you centered your power in considered one of these rising industries. Glad looking!


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