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Freelance copy editors need to be able to understand the tone and voice that a company uses in order to fine-tune copy. Developing an editorial eye for this can take time. As a freelancer, you'll need to be able to switch this skill over from one client to another and make sure that you can stay on track with multiple projects. If you have more than one thing going, keep a set of notes for each client to remind yourself of any important points.
As a freelancer, you may find yourself working for a company as a contractor from time to time. In this case, you won't have to multitask in the same way, but you'll need to learn the style and voice of the company so that you can edit copy to their specifications. Learning and sticking to a company's particular style and voice is usually the hardest part of the job.