In recent years, the sharing economy or the Gigonomy has become a fascinating business trend. Companies adopting the sharing model have become adept at tapping excess capacity of both product and services and using to their benefit. With an emphasis on trust, communalism and most importantly, peer to peer transactions, Uber and Airbnb have rewritten the rules on how consumers commuted or stayed in hotels. Consumers benefit from wider and cheaper choices, ease of use and access to user reviews. Besides Uber and Airbnb, there are many other industries offering services, forming a part of the Gigonomy. Example, DogVcay – an online community that connects pet parents with pet sitters across North America or Getaround – a peer-to-peer car sharing company that allows people to borrow cars from others.
The freelance workforce is growing and it’s on the rise across the globe. A ‘Life-first’ attitude is observed among the millennials who’re choosing self-employment for the utilization of their skills.
The world of freelance is undoubtedly colourful, but it’s not all bed of roses. There are pros & cons, ups & downs to everything and freelancing is no exception! Know your challenges before you begin. And if you’re still wondering if you should get started as a gigger, there’s a lot more to consider about.