What Is the Gig Economy and How to Thrive in It - Growth Freaks

What Is the Gig Economy and How to Thrive in It

freelancer working on laptop

The term gig economy is starting to become more and more popular in the business world. If you’ve never heard of the gig economy, we’re here to tell you all about it. This concept appeared as a result of the increase in the number of people who work as freelancers, or in temporary positions and for short-term engagements. If this sounds like something you’d be interested in, make sure to read on. Today, we’re going to explain what the gig economy is and how you can thrive in it.

What Is the Gig Economy?

The gig economy is a labor market where freelance work and short-term contracts prevail. Basically, it’s an environment characterized by the existence of independent workers and temporary positions. You’ve probably noticed that there is a recent trend, especially among the younger generations, of seeking more flexible jobs, or jobs that imply finishing a task and moving on to the next “gig”.

This is happening partly due to the fact that the internet makes working remotely much easier. As a result, people can choose to work on projects in different cities and even in different countries, while employers can select from a higher number of qualified individuals.

How Can You Thrive in the Gig Economy?

Keep Yourself Connected

One of the main concerns of people who work in gig economy jobs is that you’re never sure whether you’ll always have a next project to take care of or not. While you might be tempted to simply wait around for the next opportunity to fall into your lap, this is something you should avoid doing. The only way to know for sure you’ll always have something to work on is to go look for it yourself. This means connecting with independent workers, freelancers, people in the industry, and so on. You never know how a business connection might end up being your next employer.

Act Like a Business

Even if you don’t actually own a business, you should still act like one. What we mean by that is that you should let possible employers know you’re a professional by billing them using invoicing templates, developing an elevator pitch, ordering some business cards, and so on. Of course, one of the greatest things about working as a freelancer is you can wear pajamas all day long. Still, no one has to know that.

Stick to a Schedule

You might be tempted to work erratically when no one imposes a schedule on you. Actually, this is a mistake. You have to impose a schedule on yourself, and then make sure you stick to it. Otherwise, you’ll tend to either procrastinate or overwork yourself. We know you won’t be able to have the exact same schedule every day. This depends on the people you work with. Still, an approximate one is better than nothing. Moreover, remember that when you’re working, you should act as if you’re at the office. This means avoid meeting your friends or going out during work hours.

If you’re part of the gig economy – or you want to be – keep in mind the tips and tricks above on how to thrive in such a work environment.

Image Source: here.

Author: Amanda Knowles