Blogging or Freelancing: Which Is Better To Make Money With?

Introduction.

Do you want to make money online, but are not sure where to start, then this article has been written to help you start on the right path.

Without a doubt, the Internet has transformed all features of contemporary income. Nowadays, making money online is easy. It is gradually reshaping the income-generating setting.

Just as you can now easily purchase anything or pay your bills online, so can you generate workable income to give you the extra cash you need. The truth is that everyone wants to make money online but many dont know how to do it.

More than one-quarter (27%) of Americans earned extra income from side gigs last year, according to the Report on the Economic Well-Being of U.S. Households in 2020, released in May 2021 by the Board of Governors of the Federal Reserve System.

Making money online is not a myth, because people do make money online. When experts say that it is easy to make money online, they mean that with so many options to choose from, anyone can make money online.

Now, when it comes to making money online, two paths have created the most successful people and they are Blogging and Freelancing.

Both can be utilized to make money online, but one is Passive, while the other brings in residual income.

Hey there, dear reader! We hope you’re enjoying the content on our blog. Did you know we have a treasure trove of other insightful articles waiting for you?

Check out the link to the articles below to learn how to be productive and scale your blogging business.

What is Freelancing?

Freelancing is a contract-based profession where instead of being recruited by an organisation or individual, the person uses his skills and experience to provide services to several clients.

In simple terms, freelancing is when you use your skills, education, and experience to work with multiple clients and take on various assignments without committing to a single employer.

The number of assignments or tasks that you can take just boils down to your ability to deliver on them as asked from them.

Freelancing usually involves jobs (called gigs) that allow you to work-from-home situations. You get paid based on the number of jobs delivered and how many clients are ready to pay you.

Pros of Freelancing.

The rise of freelancers has resulted in the development of a new concept – the gig economy. In the gig economy, a person, instead of working for a single employer full-time and getting a fixed salary in return, works for multiple clients on his terms and at a price, he thinks his work deserves.

Here are some Pros that are associated with being a freelancer.

1. Freedom of Clients.

Freelancers have the unique ability to choose the clients they work with.
They also can work with many clients or only a few select clients.

This gives them the freedom to work with whoever they like irrespective of their association.

2. Control of Workload.

Another benefit of freelancing is the ability to choose your workload.
You can work as much or as little as you want, and you can choose projects that are meaningful to you.

You get to focus on the work you love without the distractions of a full-time job.

3. Flexibility.

Flexibility is what makes freelancing interesting because, with such freedom over clients and workload, freelancers have the flexibility that most people dream of.

If you want to work full-time most of the year and only part-time during the summer, you have the flexibility and control to make that decision.

4. Independence.

Most people hate the regular 9-5 jobs so they seek out financial independence which Freelance job offers.

As a freelancer, not only are you free of the cubicle and 9-to-5 work life, but you also can work alone, and for the most part, where you are most comfortable doing so.

5. Exposure.

When Freelancing, you get to experience, diverse kinds of work and people. Working for one company in-house may not provide experience in other industries and career areas.

Freelancing is a way to broaden horizons. This variety can help create an environment that is less redundant and boring.

I wrote a comprehensive guide on how you can become a freelancer and make money with it, check out the article below to get started.

How To Become a Freelancer and Make Money

Cons of Freelancing.

Freelancing as a career comes with its benefits, but also comes with some cons and they are highlighted below.

1. Dealing with Taxes.

Freelancers do not have stable incomes yet they are not exempted from taxation. Taxes can be a disadvantage of freelancing, so be sure to carefully consider regulations and laws when setting your rates.

And if you live in countries where taxes are ridiculous, you should consider relocating somewhere a bit more tax-friendly.

I wrote a comprehensive guide on this blog, on some of the best countries that freelancers can relocate to to ease their tax burden, check out the article below to learn more.

10+ Cheap Countries That You Should Migrate To

2. Lack of Benefits.

As a freelancer, you work by yourself, making it not possible to enjoy benefits of any kind.

Since freelancers are self-employed, they are typically responsible for finding and funding their insurance, buying their own houses, or maybe paying their medical bills.

There are also no retirement benefits that come with freelancing, this is why I recommend you cultivate the habits of investing in passive assets such as cryptocurrency, stocks or real estate.

I wrote a comprehensive guide on how you can build a passive income without any hassle, check out the link to the article below to get started.

How To Build Passive Income Streams With Little or No Money

3. Sporadic Work.

As a freelancer, you experience off and on when it comes to income, this is because most projects can begin and then get shelved and Clients may end a contract early.

You may finish a project and find it difficult to find more work, this is why I recommend you diversify your investment portfolio or seek out other means to earn passive income so as not to become stranded.

4. Ultimate Responsibility.

As a Freelancer, you get to run a business. You’re in charge of business development, getting clients, managing your clients, billing/collecting, advertising and paying taxes.

Not everyone is prepared and able to handle these tasks. You are the master of your brand, and you need to run your freelance career like a business.

To succeed effectively, you need to understand how to run a business effectively. I wrote a comprehensive guide on how you can beat competitors in any given business, check out the article to learn more.

5. Earned Income.

Finally, freelancing does not bring passive income, as all income is based on the amount of work you put in, when you stop freelancing, money stops coming in.

You dont get to make money while you sleep as a freelancer because it is not possible. Also, your income is limited by the amount of work you put in, less work, less money, the more you work, the more money you make.

I wrote a comprehensive guide on how you can become a freelancer and make money with it, check out the article below to get started.

How To Become a Freelancer and Make Money

What is Blogging?

Blogging is the process that implies creating articles, photos, and other forms of content and publishing them on a website which is called a Blog.

A blog is a type of website where the content is presented in reverse chronological order (newer content appears first). Blog content is often referred to as entries or “blog posts”.

Blogs are typically run by an individual or a small group of people called Bloggers, bloggers must manage the blog by updating and adding information regularly.

Pros of Blogging.

Due to the growing number of such web pages, several tools started to appear, which made it easier for users to create online journals and personal blogs.

These tools helped popularize blogging and made the technology accessible to non-technical users. Here are some common Pros attached to being a blogger.

1. Blogging Helps You Get a Better Job.

Nine in ten companies mine online profiles before making a new hire. Employers want to hire people who have a strong online influence and blogging is one way to achieve that.

2. Blogging helps you in starting a business.

Do you want to start a business, but dont know how to, starting a blog can help you attract prospective customers.

When people want to shop or buy something, the first thing they do is go online and read reviews on what they intend to do, this is where blogging comes in handy.

Blogging about products and services your business offers is a way to attract customers to your business.

3. You become a better writer.

When you own your blog, you get to write regularly which helps you sharpen your writing skills. The internet is brimming with information.

What brings a reader to your page is your way of delivering that information. Blogging helps you in developing a unique style and will also make you better qualified for specific content marketing projects.

4. Build Trust online.

Starting a blog enables you to build trust with your audience online, once you give you value via your blog content your audience builds trust with you making you a trusted voice in the industry.

5. Earn Passively.

Blogging brings passive income this is why I recommend anyone seeking to make money easily, all you make is reoccurring income which happens when you sleep. Just put in the work once and wait for the rewards to come in.

6. Starting a blog is easy.

All that is needed to start a blog is a web host and a domain name. You can choose a template from websites like Blogger, or WordPress, finally, Adding posts is almost as easy as sending an e-mail.

Cons of Blogging.

The advantages of blogging are unlimited, you can make money from anywhere while being your boss.

You should also know that blogging is not all bed of roses, as it takes time for success to begin to materialize. Here are some cons attached to blogging.

1. You need to update your blog regularly.

Blogging is not about adding all sorts of posts, you also have to pay the price of updating them regularly cos if you dont, it will stop ranking and get subsided by another blog with updated information.

So keep in mind that the more posts you add, the more you have to update.

2. You May Invest Time, and Get Nothing In Return.

90% of bloggers fail, not because blogging is not viable, but because most people go in without prior knowledge of what blogging is.

Starting a website alone takes a few minutes and is straightforward, but moving beyond your blog simply existing and onto having a website that’s understandable, and profitable is something that requires a whole lot of time to achieve.

Learning proper keyword research (AKA how to find the terms that people are searching for.

Figuring out search engine optimization (so that your blog shows up on Google and Pinterest when people search those keywords)

3. Blogging Is Still a Job.

To be honest, I don’t even see this as a true disadvantage of blogging because of course it’s a lot of work.

Blogging can bring passive income but not in the early years of starting, you have to put in lots of work such as keyword research, picking a deadline, writing, editing, making graphics, giving it a final review and finally publishing it.

Hey there, dear reader! We hope you’re enjoying the content on our blog. Did you know we have a treasure trove of other insightful articles waiting for you?

Check out the link to the articles below to learn how to be productive and scale your blogging business.

Conclusion.

The question here is whether blogging or freelancing, is better? Answering this question, all I would say is that if you want to bring in money in a limited amount of time, then you should consider freelancing.

Consider this not to be passive as you ought to work and deliver on time to the respective clients.

You also need to be good at a certain skill or various skills such as Web Design, digital marketing writing and many more to do well as a freelancer.

It takes time to build trust, and build your portfolio in the beginning, but expect to make money within the shortest period.

But if you want a passive income in the Long term, then you should stick to blogging.

Blogging takes a lot of time when it comes to monetization, but it’s definitely for the long-term and you can diversify as much as possible.

Also, blogging does not require you to master any skill; deep knowledge of any topic and writing is required to scale a blog.

Hey there, dear reader! We hope you’re enjoying the content on our blog. Did you know we have a treasure trove of other insightful articles waiting for you?

Check out the link to the articles below to learn how to be productive and scale your blogging business.