Top 5 Gig Economy Platforms To Find Freelance Gigs

Top 5 Gig Economy Platforms

According to a 2020 Gig Economy statistics, an estimated 52% of the United States of America workforce will either earn their living as gig workers or have worked independently at some period of their career by 2023. Would you like to be part of these people? You can’t afford to miss this post; it will expose you to the top 5 Gig economy platforms that 48% of millennials use to look for jobs or engage in business with clients.

Gig jobs are tasks/jobs individuals engage in to make money to take care of their debts or be less dependent on the contemporary form of employment. They usually market their professional skills online for pay. Below are the top 5 gig economy platforms where you can find freelance work;

Toptal

This platform was created in 2010. It mainly connects businesses with freelance designers, project managers, finance experts, software developers, and product managers. It is best suited for I.T professionals. To be a part of Toptal’s talent pool, you will be made to go through a rigorous application process made up of a comprehensive English Language and Communication evaluation. This platform runs an assessment of the personality traits of the applications to discover passionate and engaged candidates. Besides this, candidates are given problem-solving and creativity exercises, in-depth skills assessments, and test projects. Because of this, only 3% of applications come out successful. It is worth noting that freelancers at Toptal are better positioned to get competitive rates for their services. This platform is one of the few that don’t charge its users any fees but instead marks up a freelance rate for its clients.

Read Also: The Gig Economy is Changing Everything – It’s Not Too Late to Get Started

Upwork

This has been rated as one of the best freelance sites. Upwork.com is a merger between oDesk and Elance. It is known as one of the largest freelance markets places used by millions of businesses worldwide. Big names in the industry such as Microsoft, GoDaddy, and Airbnb use Upwork. It is not exclusive to top-level freelancers, as entry-level freelancers are allowed to showcase their skills and apply for gigs.

A good majority of freelancers use this platform because it helps them find both one-off gigs and long-term contracts in a good number of industries, comprising accounting, design, writing, development, marketing, customer services, and more. It all begins with freelancers creating a profile and then putting up basic information about themselves, their services, and their rates.

With Upwork, freelancers can review a client’s ratings, history, and project description before submitting their bids. Both the clients and freelancers are given the room to ask and answer questions about the project and negotiate rates and other details through Upwork. All aspects of the contract, such as file sharing, messaging, and time tracking, are managed through Upwork’s website. With Upwork, freelancers get to choose how they want their payment done. Just like a majority of freelancer websites, Upwork receivers a percentage from whatever a freelance on this platform earns;

  • 20% for the first $500 billed to a client across all the contracts executed with them.
  • 10% for the total sum of billings with a client between the range of $500.01 and $ 10,000
  • 5% for total billings with the client that is more than $10,000

Freelancer

Freelancer.com, known as the largest freelancing and outsourcing marketplace globally, was founded in 2009. It is a gig economy site that connects almost 60 million employers and freelancers from 247 countries. It doesn’t focus on certain industries; however, it organizes projects by category based on skill sets such as graphic design, 3D modeling, illustration, product design, and WordPress. This platform can also browse through local jobs such as teaching, drone photography, general labor, and many different activities.

Just like Upwork, joining this platform is free. Users begin by setting up their profile, then they proceed to showcase their skills and add their experience and how much they charge for their services. Users of this platform can directly exchange messages with clients and keep track of time, submit invoices, and receive payments through Freelancer’s Milestone Payments.

They are a lot of similarities between this platform and freelancer; however, what differentiates the two is that Freelancer doesn’t require much to set up an account, unlike Upwork, where approval is needed. This vetting process on the platform plays the role of narrowing down the competition, thus making it easier to find top-quality work on Upwork. Meaning, that Freelancer is the go-to platform for upcoming freelancers looking to build their portfolios. Like Upwork creating a profile is free, but they are few deductions based on earnings. Below are examples of such deductions;

  1. A service fee of 20%
  2. A 3% deduction for fixed-price projects
  3. A 3% flat fee for hourly projects.

Guru

Guru was first known as Moonlighter. Guru.com was founded by an entrepreneur named Inder Guglani in 1998. This platform has way over 800,000 clients scattered across the globe, with $250 million paid to freelancers for their services. The target of this platform is professionals. Guru works with professionals on 9 different categories, listed below;

  1. Business and Finance
  2. Engineering and Architecture
  3. Writing and Translation
  4. Education and Training
  5.  Programming and Development
  6. Legal
  7. Sales and Marketing
  8. Design and Art
  9. Administration and Secretarial.

Apart from the categories mentioned above, there is a category titled “other,” which caters to everything else.

Read Also: Gig Economy Skills: 21 Skills You Should Consider in 2022

Like other gig websites, creating profiles or accounts is also free on Guru. This platform also has Virtual Work Rooms where freelancers are allowed to work together and include team members to work on tasks. Users of this platform can share files, communicate with team members, use the time tracker, select payment terms, and create agreements and invoices all within the platform. In order to rank high in each search, send direct messages to clients before placing a bid, or bid for more jobs, they are payment plans that can help with that.

Basic Plan
  • Free
  • 9% Job Fee
  • 10 Bids per Month
Basic + Plan
  • $11.95 per month
  • 9% Job Free
  • 50 Bids per Month
  • $1,000 Search Boost
  • Q & A
Professional Plan
  • $21.95 per Month
  • 7% Job Fee
  • 50 Bids per Month
  • Annual Bid Rollover: 100 Bids
  • Premium Bids: Cost 5 Bids
  • $2,000 Search Boost
  • Sales Messages: Cost 5 Bids
  • Add Personal Link to Profile
Business Plan
  • $33.95 per month
  • 6% Job Fee
  • 50 Bids per Month
  • Annual Bid Rollover: 200 Bids
  • Premium Bids: Costs 5 Bids
  • $4,000 Search Boost
  • Sales Messages: Costs 4 Bids
  • Add a Personal Link to Profile
Executive Bid
  • $49.95 per Month
  • 5% Job Fee
  • 50 Bids Per Month
  • Annual Bid Rollover: 300 Bids
  • Premium Bids: Costs 4 Bids
  • $8,000 Search Boost
  • Sales Messages: Costs 3 Bids
  • Add a Personal Link to Profile

Read Also: How to Time Block Effectively: 10 Best Apps for Freelancers

Fiverr

This company was created by Micha Kaufman and Shai Wininger in 2010 as a means for talented individuals to offer digital services ordinarily offered by freelance contractors for a charge of $5. In little or no time, Fiverr began creating opportunities for freelancers open to offering a wider variety of services with different price ranges that skyrocketed their ranking to begin on of the top 5 gig economy platforms. It offers over 100 services with steadily growing users spread across 160 countries. Fiverr can be said to be a center for freelancers in the digital creative industry to offer their services to a global market. The main categories on Fiverr are digital writing and translation, graphics and design, and digital marketing. However, freelancers can offer specific services such as copywriting, podcast intros, menu design, Facebook page banners, book covers, and a host of other services.

Read Also: The Gig Economy: Here Are 10 Tips You Need to Get Started

To get started on Fiverr is free; all you need to do is create a profile and select the services you intend to offer, referred to as gigs.

As a seller, you can include 3 different services on the Gig Page to offer the buyer a variety of choices and upsell their gig with extras. Sellers also have the opportunity of sending custom offers to potential buyers.

After an order, sellers are to keep 80% of the funds. When the seller gets paid for the services offered, Fiverr puts a 14-day hold on the funds if the client is dissatisfied and chooses to request a refund. When that period elapses, the seller can then get to send their funds to a Pay Pal Account, credit their Fiverr Revenue Card, or send money to a bank account of their choosing.

Creatives with talent registered on platforms like Fiverr will get to make less than their colleagues; however, this can be seen as an opportunity to concentrate on sharpening their skills to build their portfolios.

Conclusion

Skilled professionals using websites like Toptal and Guru will get better rates for their services. They would not have to commit full-time to any employer in such a case. It is important to note that gig jobs may not pay as much as full or part-time jobs. However, they are flexible, thus allowing freelancers to set their schedules as they see fit. We sure hope our list of top 5 gig economy platforms is a huge help to you.