Rising unemployment has forced many to turn to other sources of income such as business and self-employment, in which a large number of young people turn to freelance. Because of the flexibility and benefits, freelancing looks great and people want to be a freelancer who is working from home at any time and making money.
Those who have just started or want to start freelancing have a question about their future as freelancers and that is What is the scope of freelancing in Pakistan and around the world? So in this article, we will talk about some trends and statistics about the scope of freelancing in Pakistan.
Freelancing is growing rapidly in Pakistan and around the world. It was a part-time job and people used to do it when they had no job but a few years ago, freelancing emerged as a profession and now people are taking it seriously as a career.
Scope of Freelancing in Pakistan
If we talk about the scope of freelancing in Pakistan, so yes freelancing is the future of the work Industry. In the last few years, it has become a highly adoptive career and a large number of people are starting freelance businesses not only in Pakistan but all over the world and this number is growing rapidly in Pakistan.
Google, the world’s largest and most popular Internet company, also favors freelancers for business. As of March 2019, the total number of Google employees was 102,000 while the number of contractors/freelancers hired by Google was 120,000.
On the other hand, if we look at Pakistan’s global rankings in freelancing, according to the report of Online Gig Economy Q2 2019, Pakistan has surpassed other Asian countries including Bangladesh, the Philippines, and Russia, and won the 4th position followed by the United States, United Kingdom, and Brazil. Neighboring India ranks seventh on the list.
In Pakistan, there are more than one million freelancers who are contributing to Pakistan’s economy. According to the report of the Pakistan Software Export Board (PSEB), Pakistani freelancers earned $150 million in FY2019-20. In the year 2020-21, for the first time in the history of the country, IT exports increased by 47.4% and reached $2.12 billion.
The number of freelancers increased by 42% from Q3 2018 to Q2 2019. Elance, Currently Upwork showed that Pakistan ranked 3rd in the total registered members on Upwork. Pakistan has also a high number of freelancers on freelancers.com.
According to Inavero Report. In 2017, 43% of businesses hired freelancers, which increased by 5% in 2018 to 48%, and this rate increased further in the covid 19 days.
As you know 2020 was not a good year due to Covid 19 and the worldwide lockdown, but there is a huge rise seen in freelancing during Covid 19. During the lockdown, people who had already set up their business online did not face such difficulties but those who did not bring their business online faced very difficult situations.
Since Covid 19 and Lockdown, every business owner and worker around the world has felt the need to keep their business online and this is one of the reasons for the increasing freelancing after Covid.
Nowadays, every business wants to beat its competitor in the digital world and many new businesses are on the list. These businesses need a digital marketer, graphic designer, or social media manager in the form of freelancers to meet their needs. So you can become a digital marketer, or graphic designer and serve these businesses and make good money.
Freelancing contributes to Pakistan’s economy, so the government launched a project called Digiskills to train 1 million freelancers to empower young people and increase exports of IT services. Digiskills offers 9 free courses that are in demand and everyone can earn money by selling these skills online.
These statistics and trends show that freelancing is rising day by day and it is the future of the work industry in Pakistan and all over the world. So you have a chance to become a freelancer and sell your skills online and make money from home and if you don’t have a skill so Digiskills can help you to build a skill that is in demand.
How much a freelancer can earn in Pakistan?
How Much Money Does a Freelancer Make? This is a question for anyone who is interested in freelancing or wants to do freelancing. So freelancing is not like a typical job in which you go from 9 to 5 daily and at the end of the month you get a fixed salary.
There is no earning limit in freelancing because it does not offer you a fixed salary, you can sell your skills online / offline and earn as much as you want on a contract basis. Many seasoned freelancers earn millions because of their high-quality work. Hisham Sarwar is a seasoned freelancer who earned 1 Million Dollars in a single year through freelancing in 2016.
It takes years for a person to earn Rs 1 million and he earns 1 million in just one year. Many freelancers earn a lot through freelancing and change their lives. Not only that, with the help of these top-rated freelancers, a lot of jobs are created and they also become a source of support for the national economy.
Many freelancers start part-time freelancing but when their workflow increases they Turned to full-time freelancing. Freelancing does not bound you to get more than one order at a time because there is no boss who will order you.
Freelancing allows you to become your boss and increase your earning potential by taking multiple orders at a time. You can also outsource your work when the workflow is high. Like many other freelancers, you can start a software house by building your team and hiring people who work for you.