A Freelancing Co-op
Freelancing certainly comes with its highs and lows. I’ve heard time and time again from freelancers of all skillsets that the sporadic rate of their work is sometimes a source of great pride and other times one of pain and financial worry.
It’s a Universal Problem
This is not actually a problem isolated for the freelance community. Any person in a contractor or commission-based position has had this problem. For instance, a landscape contractor may be very busy during those spring, summer and fall months but desperate for business in the winter. It takes a great deal of fiscal management to be able to smooth those highs and lows so that your wallet is not poorly positioned for the slow periods of income.
Most sales positions have actually figured this out. It is very difficult to maintain the same level of sales revenue month after month, year after year. Despite every sales manager telling you this shouldn’t be the case and that sales revenue should always be growing, this is a reality for many. Now, if you are trending red for a long period of time you may have another problem.
What happens in these sales positions is that only a portion of a salesperson’s sales revenue commission is released each month with the remainder being held to offset slow periods. When that salesperson goes below a certain income level for a month, their salary draws against that retained commission, making their income appear as a leveled salary.
Back to Freelance
Of course, as I mentioned previously a freelancer could absolutely take it upon themselves to manage their finance and save their excess earnings to be used during slow months. This ideal is not easily realized though. If a person is earning a lot, it means they are working a lot. Those are the times where we want to rejoice in our exploits and start spending more.
There is no need to deny it. It happens to us all.
This is something that all of the major freelance websites have failed to address. Freelancer, UpWork, Elance, and so on have been so focused on just attracting new freelancers and clients that they have paid no heed to the financial burdens a full-time freelancer faces.
It is a shame really because those full-time freelancers are normally where the quality is realized. Someone that puts their everything into their freelance projects is bound to provide more effort to delivering quality than a person that is just doing it on the side and has no financial obligation to deliver. This causes a number of the best freelancers to effectively “burn out” of the freelance game and go elsewhere to search for employment.
And, each time one of these freelancers leave, the entire community is left the worse.
The Co-op Solution
Despite these legacy freelance platforms not offering a solution and just reinforcing the problem, a solution does exist. A new platform, FreelancerNation.com, provides a cooperative freelance environment where share members are able to smooth out their income and be better padded for the unforeseeable future.
The way it works:
The first step of Freelancer Nation does scare some people at first site. It requires a $240 investment. But wait! Hear me out.
The $240 initial investment gets the member share and voting rights to the cooperative. The shares can be used in the future to draw income against the platforms profits (40% of all profits are paid out the Share Members!).
Now more immediately, freelancers that sign up as a Share Member reduce their platform fees to 4.5% from the platforms 9% (the industry average is 10%).
Essentially the literal, “buy-in” is to get members to figuratively, “fully buy-in”. Putting each Share Members interest in line with the organization’s best interests and the community’s best interest ensures that everyone is the better for it.
The Benefits of Freelancer Nations Co-op Structure
It is obvious that the initial purchase saves the freelancer money in the long-term and gets them an income each month, regardless of the amount of work they got that month. Freelancers are also looking out for their peers because the more work they bring in (the more total revenue the Freelancer Nation platform brings in), the larger each Share Members’ share check will be that month!
“We’ve developed a platform that promotes profit sharing, promotes progress and quality, and promotes better community involvement.”
It also makes it better for the clients posting projects on freelancer nation. They are getting better quality freelancers because these freelancers can now plan for the long-term and when the community supports each freelancer, they can achieve more! D
Did I peak your interest?
Have a look and give it a try.
Visit FreelancerNation.com. Sign up now to begin your new freelance career.
And, if you are hesitant of the $240 Share Member cost, it is free to sign up as a standard member. The standard membership is similar to legacy freelance sites but certainly not equal. The project fees are still lower, the platform does not hold your earnings (you get funds in your bank immediately after submitting your project) and you still have the support of the community.
Once you try it, then decide if you want to be a full Share Member or continue with your free membership. Always free, better full.