Common freelancer mistake is not charging enough or trying to compete with large companies on commodity markerts where margins are just too low. Not generating

Common freelancer mistake is not charging enough or trying to compete with large companies on commodity markerts where margins are just too low. Not generating enough revenue is the direct cause of not being able to afford holidays, time off because of sickness, training, seminars or being worried about periods when work stream peters out. It's hard for a freelancer to employ the economies of scale and hence they need to specialise n a niche where they can outdo big players and charge bigger premium to pay for overheads and cover the risks. A freelancer carries more risks than even a small size company that aren't pooled: sickness, a spot of weak demand for a specific product, not getting paid. Certain overheads are also higher per "head": sales, bookkeeping, legal. One need to charge a top buck and keep overheads low to maintain a sustainable freelance operation. I saw so many freelancers going back to permanent after 2-3 years just because they were not charging enough to compensate for the risks, extra work and flexibility of the service they were providing.