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How to Test Your Entrepreneurial Spirit in the Gig Economy

How to Test Your Entrepreneurial Spirit in the Gig Economy
Written by Manuela Muroni

Is the Gig Economy right for you?

By now you’re probably familiar with the concept of the gig economy.  As a recent-ish form of entrepreneurship, it’s quite the rage online, both with existing freelancers and those seeking to become freelancers. These days, a lot of people are waving their 9-to-5 jobs goodbye and diving into the gig economy, while others are turning to it out of necessity.

How to Test Your Entrepreneurial Spirit in the Gig Economy

It’s predicted that by 2027, freelancers will constitute the biggest workforce sector in industry. Freelancers are independent contractors who take up various short-term and long-term projects, depending upon their skills, interests, and available time.  Many big firms are choosing to employ freelancers instead of full-time specialists these days, and the reasons are varied.

With all the available opportunities, freelancing in the gig economy can be ideal for women who want to improve their work-life balance or perform meaningful work on their own terms.  As entrepreneurs-in-waiting, there are many fabulous examples of women who have successfully shifted careers.

For example, Diana Svensk’s career turn saw her change from a fashion designer to a noted poker pro.

Firstly, geographical boundaries often do not come into play when firms hire freelancers.  Work may be done remotely. Companies generally make payment to freelancers depending on the number of hours worked.  This presents a cost-effective strategy for employers.

Another advantage is that, because the hindrance of geographical location is removed, firms can hire freelancers from across the world.  This gives companies the flexibility to take advantage of the very best talent for a particular project, regardless of what part of the planet the freelancer is in.  

The use of multiple people from multiple cultures also brings fresh perspectives to a project, which can benefit the company immensely.

For the freelancer, there are many attractive incentives that are not available in a traditional job environment. Chief among these is freedom—freedom to choose the work that you want to do, freedom to choose the people you want to work with, freedom to perform work for which you have a particular talent or conviction, and freedom to work from anywhere at any time.

As a gig economy freelancer, you are your own boss.  You are an entrepreneur.   The flexibility and empowerment of the gig economy makes it extremely attractive.  

But how do you get the ball rolling?

Research and reaching out.

Begin with a list of questions that will help you find your ideal gig economy job(s): How do freelance opportunities work? What types of gigs are available? Where can you find jobs?

Once you have thorough background knowledge of how the gig economy works, the next step is to find your niche.  What skills can you provide to potential employers or projects? In what niches lie within your talents and interests? The answers might lead you towards writing, administrative support, web design, or data science.  

Perfect. There are opportunities in the gig economy for these disciplines and many more.

The next step is to figure out how much you wish to charge for your services.  Initially, inexperienced freelancers often keep their rates competitive as they work to gain traction and build a portfolio.  With more experience comes better-paying gigs.

Once you decide on a pricing structure for your work, register yourself on various freelance platforms like Upwork, Freelancer, Guru, or Fiverr.

Welcome to the gig economy, Dear Freelancer!  Enjoy your newfound freedom.

A word of caution: Although it is easy to jump into the gig economy, it is difficult to survive in it because of the stiff competition and the discipline it requires to be your own boss.  Setting (and adhering to) a structured work schedule will greatly benefit you as a gig economy freelancer.

 

Identity Magazine is all about guiding women to discover their powers of Self-Acceptance, Appreciation, and Personal Achievement. We ask that every contributor and expert answer  the Identity 5 questions in keeping with our theme. Their answers can be random and in the moment or they can be aligned with the current article they have written. In that way, and as a team, we hope to encourage and motivate each other, thus inspiring you to Get All A’s.

1. What have you accepted within your life, physically and/or mentally?Additionally, what are you still working on accepting? Now, we’re talking about resignation, rather stepping into, embraced, and owned.

I’ve accepted that I am where I am and that’s a good thing. 

2. What have you learned to appreciate about yourself and/or within your life, physically and mentally? On the other hand OR in contrast, are there elements of who you are that you’re still working on appreciating?

 I appreciate my mind.

3. What is one of your most rewarding achievements in life? Tell us not only what makes YOU most proud but also share the goals and dreams that you still have.

I’m proud of living my dream as a freelance writer.

4. Of course, we all have imperfections, or so we think. In truth, we are all perfectly imperfect. What are your not-so-perfect ways? Likewise, what imperfections and quirks create who you are—your Identity?

I’m far from perfect and I’m okay with that.  

5. “I Love My…” is an outlet for you to appreciate and express all the positive traits that make you…well…YOU! In fact, sharing what you love about yourself will make you smile, feel empowered, and uplift your spirit and soul. (We assure you!) Therefore, Identity challenges you to complete the phrase “I Love My…?”

I love my poker skills

 

Photo by bruce mars on Unsplash

About the author

Manuela Muroni

Manuela Muroni enjoys the life of a freelance writer

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