The Top 4 Challenges Faced By Independent Contractors and How to Overcome Them

Working full-time as a freelancer can be a great career decision for talented professionals. It can provide you with exciting work opportunities that you usually wouldn't be able to find in your typical 9-to-5 job or within your geographical location. Aside from this, it also lets you make a living at your own time and pace, which means that you can schedule your work hours as freely as you'd like.

However, there are a few challenges freelancers face regularly. For example, if you're new to working for yourself or on your own, it might be difficult to adjust initially. Luckily, there are ways to overcome these obstacles so you can build a successful freelance business for yourself.

With that said, here are some of the four most significant challenges that freelancers typically face and what you can do to overcome them.

This is possibly the biggest challenge for freelancers. At least when starting out. Many new freelancers excitedly set up their home offices and a fancy website for their new business. Unfortunately, when they're finally ready to get to work, it's crickets. This can be highly discouraging and is often why many freelancers end up quitting and returning to the corporate world. Not having that secure, stable income is stressful, and it is essential not to take that personally. It is not a reflection of your worth. People don't know you yet!

For many freelancers, the solution is spending hours sending emails to potential clients, hoping one of them will answer back. However, the problem is that you have no way of knowing whether these organizations are even looking for freelancers, making this approach relatively inefficient.

One of the best ways to start and find clients is to use freelance platforms, like Work for Impact, Upwork, Freelancer.com, or Fiverr. Through a platform like these, you will start within a safer environment you'll have access to payment security and vetted organizations.

Specifically, at Work for Impact, you'll have access to a wide range of job opportunities from clients around the world. For example, you can effortlessly search for jobs that require your skills and apply online. This way, when you reach out to potential clients, you know for sure they're looking for freelancers with your unique skill set.

Once you land a few jobs, make sure to nurture and grow your client relationships. Remember, you aren't the only fish in the sea. So, you want to be sure to stay in touch with your clients in case they need your services again. You can start sending simple greetings to your clients during holidays or just reaching out to see if there are any new projects you can assist them with. In addition, it can help you continue to secure new jobs from your existing clients.

For a lot of people, working from home is the dream. However, many freelancers find that after they've worked alone in their apartment or bedroom for months on end. Where the idea of a home office isn't all, it's cracked up to be.

It can be especially tough when you're home alone, and you look on social media, only to be bombarded by pictures of your friends attending office events and enjoying the camaraderie of working for a larger organization.

Over time, you may feel lonely, which can become a big problem for your freelance business if not foreseen and taken action.

Remember, as a freelancer, your office is wherever you want it to be. If you get tired of working from home, try working from a coffee shop or other public places where you have access to Wi-Fi.

Another way to make freelance work less lonely is by finding coworking spaces. These are shared office spaces for freelancers, creatives, and entrepreneurs. Working in places like this will give you the feeling and liveliness of your typical corporate office. While still providing you with the freedom to choose your hours. It's a great alternative to working by yourself and could also be an opportunity to connect with other local professionals.

Most importantly, you need to maintain a good work/life balance. While things like doing exceptional work and meeting deadlines need to be priorities for freelancers. Dont forget about your mental health. Its easy to get lost in your work but be sure to make time for friends and family so you can get a healthy amount of human interaction.

Every freelancer has found themselves in this situation: You complete your project, the client is happy, you send your invoice, and then you wait. And you wait. And then you wait some more.

While most clients will promptly pay you after you successfully complete your work, there will always be a few that dont always pay you on time. It can be both irritating and time-consuming having to continually email clients in order to track down payments. 

And for full-time freelancers who depend on this money to make a living, late payments can really start to negatively affect your business cash flow.

This is another scenario where freelance platforms can be extremely useful. Many of them, including Work for Impact, have payment protection services. This can help ensure you always get paid for the work youve completed. If you have an issue with a client, the platform provider will go to bat for you and will even cover your payment if youve kept proper records of your work.

This means youre never waiting around for payments, and instead of chasing after invoices you can focus on finding new and exciting projects.

Most people who work a 9-5 job take their stable income for granted. They simply show up every day and collect their salary no matter how much work there is for them to do. 

Freelancers dont have this luxury.

Sure, there could be months where you have more work than you know what to do with and the money is just rolling in. But for every really busy month, theres bound to be a month where youre hustling just to get enough work to fill your schedule.

No matter how hard you work, there will always be times where your income slows down a bit. This can make life as a freelancer a little stressful at times if youre not properly prepared.

The key here is to know that there will be slow times during the year and plan ahead. Youll find that sometimes youll earn more and other times youll earn less. So, if you make sure to set aside money when times are really good, youll always have reserves when things get a little slower. Ideally, its a good idea to have a few months worth of income saved in the bank, just in case you need it.

Over the course of the year, the busy times will balance out the slow times. If you allocate your money wisely then this is an obstacle that can be easy to overcome.

Like any pursuit, freelancing comes with a few challenges. However, once you overcome those obstacles, youll have the opportunity to make a great living, all while having the freedom to work when and where you want.

Work for Impact is a freelance platform that aims to connect skilled freelancers with organizations that are built upon ethical business practices. By joining the platform, youll gain access to a wide range of job opportunities being offered by clients that want to make a difference around the world.

Click here to sign-up to Work for Impact and find meaningful freelance projects.