Here’s Why More Millennials Are Adding Freelance Work to Their Full-Time Gigs
Do you ever dream about quitting your day job? Or maybe you love your current gig, but the entry-level salary just isn’t cutting it anymore. Whatever your reason for picking up a side gig and starting to do freelance work, you’re not alone.
New data from LinkedIn, shared on Fast Company, shows that now more than ever, full-time US employees are freelancing on the side, and that group is growing three times faster than the number of full-time freelancers on LinkedIn. The study also found that more men are freelancing than women, and millennials are freelancing more than any other age group.
To get their results, LinkedIn examined 9,600 ProFinder professionals, qualified freelancers who have opted into their platform to find freelance jobs. They also found that 20 percent of people who write “freelance” in their LinkedIn profiles are also rocking a full-time job, showing that the idea of a side hustle is on the rise.
So, which industries are pulling in the most full-timers who freelance? According to the data, the top five are:
1. Financial services and insurance
2. Professional services
3. Technology and software
The study also found that the not-at-all-shocking reason why most people add freelancing to their full-time jobs is for the extra money. And since 47 percent of these professionals live in California, New York, Illinois, Texas, Massachusetts and Florida, higher costs of living likely play a major factor in needing additional sources of income.
LinkedIn also noted that other motivators included testing out the waters before becoming a full-time freelancer, helping with personal branding and expanding your professional network.
Do you have a side hustle? Tweet us about it @BritandCo!
(Photo via Getty)
Fall is right around the corner, and we're getting amped up for our next session of Selfmade, Brit + Co's 10-week interactive startup school. Designed to help you create a new business or grow your existing one, this course is personally led by Brit + Co founder Brit Morin and co-founder Anjelika Temple, and supported by more than a dozen of the top female entrepreneurs, creatives, and investors in the country. Students receive personalized coaching on everything from how to get out of your comfort zone to how to scale your business, and everything in between. And now, thanks to Office Depot, even more of you can join the course!
For the fall session, we're thrilled to team up with Office Depot to grant 200 FREE scholarship seats to the course. Scholarships are open to US residents, focusing on women of color, women from underserved and underrepresented communities, and women in need of support to help them trail-blaze. After all, we firmly believe that your support system is a huge part of how you achieve greatness, and we are here to cheer all of you on.
To nominate yourself or someone you know for a scholarship, head to our nomination form right here. The deadline for scholarship nominations is September 27th — it's time to take the leap!
Beyond the scholarship, Office Depot is all about helping you accomplish more. Whether it be the start phase, growth phase or keep businesses going phase, Office Depot offers a full suite of business solutions, including services and products, to help you work from anywhere, organize and save time and help build your brand.
So what are you waiting for? Take a chance on yourself and get yourself one step closer to truly being selfmade. Learn more about the Selfmade program, apply for a scholarship and prepare to be inspired :)