This One Practical Skill Will Make You Profit In The Gig Economy
The future of work is upon us. 57.3 million people in America freelance, and freelancers contribute an estimated $1.4 trillion annually to the U.S. economy. It is expected that by 2027 the majority of workers will be freelancers. The gig economy is here.
If you aren’t familiar with the gig economy, you should educate yourself fast. Here’s a quick primer.
There are three key components of the Gig Economy:
1. Technology Platform Companies such as Uber, Lyft, Airbnb, Etsy, TaskRabbit, Upwork, etc. These platform companies have a few distinct commonalities:
- Facilitate direct transactions between consumer and producer.
- Flexible work schedules for gig workers.
- Online payments, from which platforms take a cut.
- Online profiles and reviews of both producers and consumers.
2. Gig Workers in two main categories:
- Labor providers such as drivers, handymen, delivery men, lower-educated individuals who cannot find other jobs
- Goods providers such as artists, craftsmen, highly-educated professionals who have side hustles for supplemental income
3. Consumers who purchase the services (either businesses or individuals)
For more on profiting in the gig economy, check out the complete article on the Presentr blog!
(This article was originally published on the Presentr blog on October 4th, 2018.)