Freelancing continues to be a popular alternative to traditional 9-5 positions and incorporates the demand for some of the highest paying skills in various industries. In fact, a 2018 report by the Bureau of Labor and Statistics shows that there are currently over 16 million workers in the gig economy.
In addition, more and more companies are choosing to outsource task to freelancers and remote workers. Furthermore, freelancers and remote workers contributed over $1.25 trillion to the US economy and statistics indicate that freelancers could make up 50% of the workforce by 2027.
If freelancing appeals to you, you’ll need to up skill and become proficient in the following high paying and in demand skills.
Blockchain is the technology that runs major cryptocurrencies. More and more companies are indicating their willingness to use Blockchain technology for future transactions.
Therefore, freelancers who want to pursue a career in Blockchain will need to acquire certain skills. These include data analysis, cryptography, Bitcoin, IOS development and others. Furthermore, these skills can fetch up to $150 per hour and top freelancers can make up to $130,000 annually.
2. Bookkeeping And Accounting
Freelance accountants are in demand across all industries and especially with startups and small businesses. Their rates range from $20 an hour to $75 for those with more experience.
To qualify as a freelance bookkeeper, you’ll need to seek certification from the National Association of Certified Public Bookkeepers (NACPB) or the American Institute of Professional Bookkeepers.
You must meet the eligibility requirements of these bodies which include being in possession of a 4 year accounting degree, completing exams offered by these bodies and having at least 2000 hours relevant work experience.
Once you’re certified, you can charge higher rates and apply for jobs that require certification before hiring.
3. Graphic Design
Freelance graphic designers use computer software and applications to create images, videos and presentations for clients. They help businesses and individuals come up with images and text that help to showcase brands to the world.
Freelance graphic designers create posters, brochures, signage and other items to help businesses with marketing, brand recognition, user interface design and others.
Furthermore, freelance graphic design is becoming increasingly popular with organizations. This is due to the fact that they don’t have to have full time staff to handle one-off design tasks.
The average hourly rate for graphic designers is $45 but experienced designers can charge up to $150 per hour.
4. Social Media Marketing
Social media marketing is a strategy that businesses use to target potential customers on social media. This allows them to improve brand recognition and generate leads.
Marketers who work in social media perform several duties. These include managing an organization’s social media pages, creating content that appeals to readers and handling customer issues that come up in social media comments.
This job will have a 10% annual growth through to 2026. Furthermore, freelancers in this field can expect to earn around $49,000 yearly.
Final Thoughts On The Highest Paying Skills For Freelancers
Freelancing will experience exponential growth in the next few years with experts predicting that up to 50% of the workforce will enter the gig economy by 2020.
This is bound to appeal to workers who prefer flexibility, freedom and the ability to command their income in the marketplace. By choosing to up skill in these in-demand areas, freelancers can ensure consistent jobs. Plus, they can increase their chances of earning high wages.