What is the Gig Economy?

You may have heard the term "gig economy" floating around a lot, but what does it mean? Let's take a look at what exactly the gig economy is.

What is the Gig Economy?

The gig economy, unlike tradition employment, is based around the idea of short-term employment and freelancing. Whereas a full-time employee is, well, employed full-time, an individual participating in the gig economy is likely to be hired as an independent contractor or freelancer, and work for a company only for a short period of time.

How big is it?

The gig economy is the future. A study undertaken in the US has shown that by 2020 up to 40% of people could be part of the fast-growing movement. With the price of living so high and employment hard to find, it's no wonder that people are opting to sell their skills online, to whoever is willing to pay them for it.

How can I take advantage of it?

It's actually really easy to get into the gig economy. First, think about what marketable skills you may have. Can you write? Do you have a talent for voiceovers? Or what about web design? The list goes on. Here are a few fields that are in demand:

  • Logo Design
  • Web Design
  • Copywriting
  • Proofreading
  • Online Marketing
  • Voiceovers
  • Video Work
  • Website Development
  • App Development

Think you've got what it takes? Then check out these two sites: Fiverr and Upwork, register, and get started!

Article by Conor Engelbrecht

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