La, CA (PressExposure) December 21, 2009 -- Freelancing has become a great career option for many and increasing number of individuals are leaving their office jobs to start freelancing. The economic slowdown resulted in many losing their jobs. Vanessa McKillips is one such determined individual who after suffering the backlash of recession decided to start her own business and engage in full time freelancing.. She says "Never again will I go to work for someone else and risk getting laid off for no fault of mine. The job insecurity is immense and inhibits my performance."
Peter Carmichael is a renowned internet marketer and entrepreneur who has guided scores of people on efficient home businesses . He says "Freelancing opens up new avenues and possibilities and people could deliver better products and services when they were free from the constraints of the company they previously worked for."
Increasing number of companies are hiring freelancers because their businesses are becoming increasingly project-based, one expert said.
"As business models change, you get a lot of organizational upset and that adds to the economic uncertainty," said Joe Pastore, professor emeritus of management science at Pace University. A business really can't see out much more than a year perhaps. And you're operating from business cycle to business cycle."
Peter Carmichael states that there are big economic incentives to hire freelancers. Organizations can cut costs of payroll taxes and benefits and also don't need to buy additional infrastructure and equipment or even find workspace, if they choose a freelancer.
Experts say, it might be worth it for people who have been laid off from full-time jobs to look for some freelance opportunities. A job search typically takes about one month of looking for every $10,000 of salary one makes -- and it might take even longer in today's economy.