Let’s get one thing straight: Freelancing is not easy. While it offers fantastic benefits — flexible hours, more control and creative independence — there are still plenty of risks involved with striking out on your own and running your own business. And while the economy struggles to recover, freelancing poses pitfalls.
According to the infographic below, compiled with information from MastersDegree.net, a surprising 80% of freelancers have dealt with a client who ultimately didn’t pay for work that was completed. Average losses totaled $6,000 — quite a hefty chunk of change to lose.
Have freelancing gigs become less plentiful (or lower-paying) in the current economy? Have you gotten a dream freelancing gig, or have you gone through a freelancing nightmare? Tell us about it in the comments below.