In the last couple of years, Gig Economy companies have gained widespread momentum. Temporary workers, especially freelancers, are taking advantage of these companies’ opportunities, with the promise of competitive wages and flexible timings. Staffing Industry Analysts report that in 2019, the gig jobs received a whopping $4.5 trillion spending worldwide. That’s massive!
This trend grew out of two major components:
- Thanks to digital platforms, gig economy companies can connect with workers without any hassle. At the same time, these platforms help workers find lucrative opportunities that might otherwise have been difficult to land.
- Flexibility has now become a key priority for the “new worker” who can’t manage the conventional 9-to-5 routine. Gig economy companies grant that freedom to workers, where they essentially can feel like their own boss.
All that being said, it is noteworthy that the gig economy isn’t only about Airbnb, Uber, and a handful of popular companies anymore. Today, especially in light of the pandemic we’re battling, gig economy companies are spread over a variety of sectors, including rideshare to entertainment, therapeutics to pet care, etc.
Let’s look at some gig economy companies that have been faring well in recent years.
1. Etsy – For professional artists and handicraft experts
Any list of gig companies is incomplete without Etsy and shares ranks with publicly listed gig companies. Operational since 2005, the platform has maximized its reputation in the global artist community, helping creators connect with interested customers the world over. Etsy charges $0.20 per listing, 5% of the total item cost, and $5 for shipping transactions. Backed up by powerful AI, the platform matches products to the audience they’re intended for.
2. Share Now – Car Sharing Service for Licensed Drivers
A revolutionary service in the car-sharing sector, Share Now enables people to start driving for the company, provided they have a valid driver’s license. While on the way to their destination, any particular driver can match with ride seekers going in the same direction. Share Now is part of a larger project born out of a BMW Group and Daimler AG collaboration.
3. TaskRabbit – Home Service Providers for Everyday Needs
A subsidiary of Ikea, TaskRabbit allows for projects in the home service category to be listed on their platform. This can include repairs, cleaning, furniture assembly, etc., for “taskers” willing to take up if interested. For now, this service is available in the UK, US, Germany, Canada, and France. Once the gig is completed successfully, the invoice is sent right from the app. Entrepreneur reports that the typical tasker earns $110 per month, depending on their hours and expertise level.
As the gig economy continues to mature, we can expect many more innovative platforms to spring into existence. The best thing about gigs is that you can always find something you’re good at – the options are just so endless!