While freelancing represents a large percentage of the United States workforce and is on a steady rise in Europe, the global trend is clear: from innovative upstarts to those paid for individual tasks; freelancing is the future of the global workforce. Whether a full-time tech professional looking for extra income or a self-employed upstart, freelancing has proven to be a viable solution for a sustainable and in some cases, supplemental income.
It’s been 10 years since the start of The Great Recession when millions of people lost their jobs due to the subprime mortgage crisis. As per Google, the search terms such as “Jobs near me” and “Jobs hiring near me” has become trending in past two years which shows that most of the companies come out of recession stronger than ever. Most of the companies are reducing costs selectively by focusing more on operational efficiency and freelance hiring to survive today and investing to grow tomorrow.
As the job market has recovered, so has the skill sets that are required to be competitive. With the exponential growth in technology, in fields such as telecommunications (telecom), the original concept of freelancing has taken on a new and exciting form. According to a 2016 study by the Freelancers Union, 34 percent of American workers are freelancing with that number anticipated to mushroom to 50 percent by 2020.
The key to becoming successful in a freelancing market is finding a profitable niche. Although it’s been said a million times before, the reasoning is still sound. In a rapidly evolving job market, zeroing in on a specific talent allows freelancers to tailor their services to the needs of the clients they are targeting. Indeed, the old adage is true, “If you try to be good at everything, you’ll be excellent at nothing.”