Business Performance up Among UK Freelancers

Increase in freelancing work predicted for 2015 yet freelancers remain only partly optimistic

The freelancing and self-employed community witnessed an increase in work towards the end of 2014, with continued rise expected for 2015, according to the latest Freelancer Confidence Index.

The survey, published by the Association of Independent Professionals and the Self-Employed (IPSE), and freelancer platform Elance-oDesk, found that in the final quarter of 2014 freelancing contracts accelerated and resulted in an income increase of 7.4%.

Overall freelance confidence was up with 53% of Elance-oDesk members expecting a rise in revenue in 2015 and 70.9% of IPSE members believing that revenues will either rise or remain at 2014’s levels. However 51% of the respondents also predict that their overheads will rise over the next 12 months.

Research manager at IPSE, Suneeta Johal, commented on the findings;

“The survey shows a strong end to 2014 with freelance businesses performing well. The results suggest the number of contracts will continue to grow and capacity for freelancers will increase as demand for services rises.”

With Elance-oDesk’s UK manager, Hayley Conick, adding;

“These innovative professionals are less dependent on physical location and are therefore taking advantage of a broader amount of opportunities – especially as businesses increasingly use the Internet to find talent.”

For guides and advice pieces on freelancing or becoming a freelancer, check out Startups.co.uk’s section on contract work here.

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