Gig Economy

Gig economy refers to a labour market that contains a pool of employees known as gig workers, and have entitled themselves to either freelance or short-term contracts through technology platform companies.

The gig economy can benefit workers, businesses, and consumers by making work more adaptable to the needs of the moment and demand for flexible lifestyles. A wide variety of positions fall into the category of a gig. The work ranges from driving for e-hailing apps, delivering food, writing code or freelance articles to doing market research paid surveys.

Gain flexibility: A side hustle is typically something that an individual manages, which means they have control over their side hustle’s schedule. You can fit your side hustle around your full-time job and any other activities or commitments you have by controlling your calendar.

Earn extra income: A side hustle is a means to supplement your income while working full-time. It may be easier to pay bills, contribute to savings, or help with other obligations with the extra cash. Your side hustle may be able to flourish as a result of the additional income.

Expand network: Expanding your network is one of the most effective strategies to advance professionally and to build your career. A side hustle can help you connect with people you wouldn’t otherwise meet. Whether it’s through customers or vendors, a side hustle can help you meet new people.

Build new skills/experience: Many people use their side hustle to pursue their passions. Pursuing your passions as a side hustle may provide you with the possibility to turn your hobby into a job. You can also learn new talents that will aid in the success of your side hustle.