The freelance market, also known as the gig market or gig economy, is a brilliant way to make a living. The gig economy is projected to rise to such an extent that almost 43% of the US workforce will freelance come 2024.
But what are the reasons for this meteoric rise? What could possibly have such an impact on this type of work that so many people get interested in? Well, sit back and grab a cup of coffee as we are going to talk exclusively about the expectation of the freelance market for 2024.
Goodbye Traditional Lifestyle
Chances are that your father or grandfather has some knowledge about the gig economy. But back then this wasn’t a very good way to make a living.
Nowadays, thanks to the meteoric rise of technology, we can safely explore freelance options due to many services out there that open a whole new market to us.
A freelance market is a place where freelancers can compete for projects based on their reputation, portfolio, and rate of satisfaction from previous gigs. It is truly a place where you could work for anyone in the world, as long as you come to terms with the person. The work also doesn’t require you to be anywhere, just right in front of your desktop computer or laptop. For more details, check out this definitive guide to the gig economy by Embroker.
The freelance market is structured in a way that it could also become the 2nd option; a safe option to make extra money.
As of currently, more than 34% of the entire US workforce is freelancing and as we mentioned at the start, the numbers are predicted to rise up to 43% in 2024.
You Work On Your Schedule
A lot of the US workforce takes issue with the way how work schedules are structured. You have to be in the office by 9, but you have to sometimes wake up in 6 to make the journey.
Freelance completely eliminates the issue of having to wake up hours before you ever start working, which is something that gives you flexibility. Also, the question of where you work from is nonexistent, and all you have to do is deliver on time.
So, comfortability and flexibility are two very important things that should always be taken into account when determining a person’s efficiency and remote work is something that offers this a lot.
According to Stellar Content, if working on your own schedule wasn’t enough to convince you that freelance work is definitely one of the best, then the added bonus of comfortability sure will.
Freelance Will Globalize the World
If there is one certain thing that this type of work will definitely pioneer, it’s the question of globalization.
In this setting, you could be a European working for an American company, or even an Aussie working for a Korean based company; it really doesn’t matter as long as you and the company are satisfied with one another.
Globalization is something that is pushed more and more, but the question of how to push it seems to be a tricky answer. Luckily, if there is one way you can work for a company that’s on the other end of the planet, it’s through freelancing.
Freelance Will Open New Opportunities
With more and more platforms designed to appeal to certain industries, it’s only a matter of time before we can hire or work a very specific job that doesn’t include graphic design, web design, programming, social media, etc.
This means that more and more platforms will offer you new opportunities in terms of your skills. What’s more interesting is the fact that almost 27% of all retired Americans are tech-savvy enough to freelance, according to freelancejobopenings.com.
The Internet Is Pushing For It
The best thing about this kind of work is that it doesn’t require you to pay for employee benefits or give long contracts.
As more and more startups are sprouting all over the world, they can minimize the risk of failure by not having to employ workers. Instead, they can hire a freelance worker through one of the many platforms out there and have him on payroll.
If your startup needs a designer, then you don’t have to specifically hire one. You can do it through the internet and avoid having to pay for his employee benefits.
Don’t think as you’re doing any of your local designers’ dishonesty, as chances are they are already freelancing.
Freelance Will Change the Concept of Entrepreneurship
Traditional entrepreneurship means offering products and services to the people in your cities, countries, etc. By providing a solution to a specific group of people, traditional entrepreneurship grew with more staff and more revenue.
However, modern entrepreneurship combines freelance elements to create something entirely different. Namely, nowadays you could find entrepreneurship that is solely made out of freelance workers that offer a variety of services to the marketplaces and platforms where they conduct business.
This not only does it create a more viable work ecosystem where everyone specializes in their own thing, but it also offers the option of reaching the next level and becoming a global company with no real offices.
It Will Bridge the Talent Gap
While freelance will someday prove a viable income option for many people outside the digital sector, it is still an area that is predominantly digital heavy.
What we mean by this is that most of the platforms, marketplaces, and websites that offer this type of work are mostly orientated towards the digital sector. As of current, most of these jobs you’ll find on these platforms are designed for computer work.
Some of the most popular ones include translation, ghostwriting, programming, designing, web designing and development, data science, business consulting, and many more that appeal to the IT, the digital sector, and other sectors that have uses of computers.
However, finding skilled workers is rather tricky, if we take into account the amount of competition. But, due to the nature of the work, the sixth annual “Freelancing in America 2019” study found out that nearly 45% of all workers will provide a solid skillset that anyone could use come 2024.
