Benefits of the Gig Economy

Having a solid academic background or writing a well-tailored CV no longer guarantees people their dream job. Due to an increase in job competition, many work in industries they are not interested in or that do not leverage their academic studies. This leaves most with little to no choice but to look for alternative sources of income. As a result, the gig economy becomes a viable option. Interestingly, those who become service providers often find many exciting benefits such as a higher earning potential and more control over their time.

For example, young adults in India who offer rideshare and home delivery services are reportedly making anywhere between RS 15,000 (~$210) to RS 22,000 (~$308). When compared to recent graduates that are hired by software companies, the young adults in the gig-economy have a higher income. Although not many skills are required to offer rideshare and delivery services, these same results are often seen in other gig services such as programming and graphic design.

We see this same trend happening in other geographic areas of the world with the United States being a prime example. Without a doubt, the higher earning potential and time freedom is responsible for about 50% of American workers choosing to participate in the gig economy rather than searching for traditional jobs.

So, whether it is for extra income or for the freedom to be selective about the work that is done, offering services that leverage one’s skill set in the gig economy is quickly becoming a way to increase happiness and secure financial stability.

A Few Benefits Enjoyed By Service Providers in the Gig Economy

They are selective of the work they choose to do and they normally work from a location of their choice. For many, this manner of work is preferable instead of a typical office.
Participation in the gig-economy does not strictly reward academic qualifications. Instead, it rewards the mastery of a particular skill and the ability to replicate results.
They have the power to define their income by requesting their desired compensation in exchange for their service.
Due to the flexibility of the gig economy, service providers have the freedom to dedicate time to other passions.
Service providers have the ability to create multiple income sources. For some, the gig economy offer supplemental income while others dedicate their full attention to acquiring multiple clients.
As previously stated, working as a service provider is quickly becoming one of the best ways to create an exciting career. For those already involved in the gig economy, they will have the opportunity to offer their services on the Serve Platform very soon! Since Serve facilitates a direct connection between service providers and users, the providers will have more control of their compensation and their work. If you have any questions about how Serve is empowering Serve Providers, visit our website or message us on Telegram.