freelancing as a web dev

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so i just finished my masters in CS and am working as a backend web dev( node js). Yes, I'm a failure. Moving on, I was thinking of freelancing but I have no idea how that works. Can anyone give me some info?
So, considering my country i make ok money, but can i make more working as a freelancer for people from western Europe / USA?
I like the idea of being paid on project basis, i think i'd try more and finish project much faster therefore i'd make more money.
Do i need more experience? I currently have half a year experience in node, but i think I'm doing pretty well considering I'm an only BE dev on a large project.