Freelancing is a type of self-employment where you work on projects for clients on a flexible basis. Freelancers are not employed by a company and can work for multiple clients at once. -

key features of freelancing

• independence
• flexible hours
• client based work
• income variability

pros

• freedom to choose clients/projects
• higher earning by charging competitive rates
• work from anywhere
• develop a diverse portfolio of work

cons

• irregular income
• lack of job stability
• responsibility of managing taxes and retirement plans etc
• need for self-motivation
• challenges in finding consistent clients or projects