A team of freelancers offers many advantages. In today’s world where businesses are all about innovation and creativity, it’s not surprising that the demand for freelancers has been steadily increasing. Freelancers are skilled professionals who manage their own workloads and schedules. They typically work remotely.

The success of your business often relies on the talent it brings on board. Sometimes, though, it’s hard to find the best talent for a given job locally. Building a talented freelance team is often the answer to this problem. Coda Strategy weighs in.

Why Hire Freelancers Over Full-Time Employees?

Career freelancing is growing rapidly thanks to the flexibility it gives both the employer and the employee. In 2020, freelancers made up an estimated 36% of the workforce in the U.S. There are several reasons for this growth, including the reduced cost of hiring freelancers and the reduction in overhead costs that results from hiring off-site workers.

Starting a Company with a Team of Freelancers

If you’re starting up a company, it’s often better to start with a team of freelancers instead of full-time employees. Registering a new business as a limited liability company or LLC is also a good idea, as the process is straightforward and this type of business formation doesn’t limit company growth. To set up an LLC, it’s recommended to use a formation service; state laws can differ, and it can become complex if you’re not familiar with them. Additionally, formation services are typically less expensive than hiring an attorney.

Finding the Perfect Freelancers

Finding freelancers from all over the world is simple thanks to online job boards such as Upwork or Fiverr. These sorts of boards attract talent from around the world, and you’ll be able to find your pick of freelancers on either of these. If you want to search for freelancers from a specific country, you can often find localized boards online, such as Guru Mexico.

Managing Freelancers

Managing a team of freelancers isn’t an easy task. You’ll need to drive productivity, communication, and expectations through digital channels. This can leave a lot of space for mistakes, so it’s critical to use a project management tool.

There are a variety of tools out there, ranging from small programs like Trello or Pivotal Tracker, up to large-stake management tools that allow for multiple phases like Jira.

Other must-have tools that will benefit your operations include time tracking tools, communication platforms, accounting software, and even free tools that can convert JPG to PDF online and other such time-consuming tasks.

Paying Freelancers Easily

Paying freelancers is simpler than it’s ever been before. Some freelancers living in Mexico might want to be paid directly into their bank accounts. In this case, you can use a service like Remitly, which makes transferring payments internationally fast, secure, and simple. By using Remitly, you can pay your freelancers through this simple, cost-effective platform that guarantees fair exchange rates.

Keeping Your Team of Freelancers Happy

Keeping a team of solid freelance talents is essential to a business’s success. By building a relationship with your team and treating them like employees, you can gain a level of loyalty with your freelancers and ensure you keep the best skill sets on your team.