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Low Cost / Discounted Freelance Gig Platforms are Here – Has the Time Past for the Gouging High-priced Gig Platform?

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First you need to understand gig platforms are a different category from freelance jobs. The whole concept, structure and solutions are uniquely different.  So today we are only reviewing gig platforms.

The first thing you need to review and measure is the total cost of a gig platform. When you look at the total costs of the leading gig platforms today, it definitely has a price-shocking feel to it. For example the leading platform charges sellers 20%, then often adds on 5% more to the buyers, and then possibly an additional 2-3% for service fees. The total costs come in as high as 27-28%! That leaves only 73 cents of every dollar for the gig provider doing the actual work. That is just gut-wrenchingly high.

Freelance Global Gigs translates and publishes in over 100 languages covering over 97% of the world’s communications, offering a truly worldwide open gig platform !

Why and how can a company charge so much?  

The main reason is that they have a very large stable of solutions (gig providers) and buyers giving them a critical mass advantage as they are the ones that basically developed the gig platform. They captured the pole position and use it to aggressively profit from it.

Are there alternatives? 

Yes, but most do not have anywhere close to the gig provider listings (critical mass) that the leader does.

Once the gig providers start migrating to low-priced platforms, then you will see many (maybe most) gig providers following suit, and the buyers will not be far behind. Most gig providers work on several platforms at the same time. For them, it is a critical mass game. They will focus where the majority of buyers are. If a low price or discounted service starts to gain small but strong migration, then you could see an avalanche of gig providers adding to the new discounted platform, because most if not all gig providers would love to be on a open low-cost platform. This is their long term goal. But, for today, gig providers need to pay their bills, and today’s discount platforms just do not provide enough buyers to support a real industry migration.

What do gig buyers want?  

They are in a better position then the gig providers. They often reach out and sign up at the discounted platforms. They are usually small companies and their livelihood is not involved so they migrate fluidly and usually follow the gig providers.

Freelance Global Gigs Marketplace (FGG) drives very high levels of traffic (exceeding over 1.9 million visits per year), increasing the potential activities of buyers or sellers.

What discount gig platform would your recommend? 

We believe the best discount platform would be one that can bring real value to the table and is also very low priced.  We like gig platforms that are completely scalable while providing additional services– especially improvements that directly help the gig providers to ensure that they can generate enough of the income they would need in order for them to slowly migrate away from the very high-cost platform.

Historically in most industries we have always migrated to low-cost solutions, but remember even then the discounted platforms were measured in several ways– to be better total solutions, not just singularly fixated on price or cost.

We believe the best solution is the very low-cost platform Freelance Global Gigs (FGG). They achieved robust traffic growth in only a few months after their parent become a Google News provider. Since then Facebook News began publishing their freelance global gig news. They are the first gig platform to use the globe’s largest news providers to distribute news, links, increase awareness, and traffic to the their website. They claim each and every new gig posted on their platform has over 200,000 related news links. They have used their news to promote gig providers and industries. If true, then they have amazing scalability!

(This article is one example of their news reach)

Freelance Global Gigs motto:
FGG Provides More and Costs Less !

Freelance Global Gigs has a one time total charge of 12% of sales with no fees.

With each gig (or gigs as they allow up to five which is a real plus for most gig providers), they have all gigs translated and published in all major languages, providing over 97% of global communications. Again, they publish each gig in over 100 separate global languages! This is incredibly scalable and tremendously helpful marketing for the small gig providers. As one gig entrepreneur said after reading his posts in many languages “it gives you an incredibly strong feeling of joy and self-esteem.

Very Low Cost / Discount

FGG has a one-time total charge of 12% of sales with no fees. Freelance Global Gigs believes they offer the lowest gig platform, with no hidden charges (buyer and seller combined save over 120% compared to the leader in the industry!). This gives the gig provider increased income on each job, allowing far higher earnings and more profits, all of which would accelerate their total migration.

A gig provider claimed:
“Why should we be charged 27% when FGG is only 12%?”

So the real question is – will enough gig providers sign up at the FGG platform to really start a long term migration (new critical mass) to a low cost or discount gig platform?    

We agree that FGG can leverage or scale their platform possibly better and faster than any company, especially for a discounted price model. The freelance gig providers would benefit the most by migrating to a service with deeply discounted fees, but are enough ready to take the needed step, knowing it would help improve their own and industry outlook? Only time will tell, but until this low-cost migration starts, a single company will continue charging obscene prices, continually squeezing the little guy in this captured industry.

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The Gig Economy Gets It Together

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Anyone who’s ever done gig work – from rideshare drivers to freelance writers – experiences moments of doubt. At those times, it’s easy to believe that no one is thinking about your value as a worker, or how to protect you in the most basic ways that full-timers might take for granted.

Rest easy, gigsters: Someone is thinking about you, starting with governments around the world that suddenly seem aware of how big of a deal gig work has become in the past 10 years. The February 2020 Gig Economy Tracker, powered by Tipalti, analyzes recent trends and headlines in the mushrooming gig belt, which will comprise some 75 million Americans by the end of this year. Put another way, that’s closing in on half the U.S. workforce. It’s also revising long-held definitions of “workday” and “payday” as gig work (and gig workers) proliferate.

Another thing freelancers know about are all the ways payments can go wrong. They’re experts on the many snags that prevent gig folk from getting paid in time to make rent. But that situation is giving way to more enlightened and humane ways of getting freelancers their money, as industry and government finally face gig economics they’ve been ignoring.

As Manish Vrishaketu, COO at payment services provider Tipalti, notes in this latest Tracker, “Gig and marketplace partner payments are integral to the business model and require careful consideration. Ineffective payments can literally hurt the business, because the supply chain is so closely tied to performance and success. An unhappy provider – who likely is customer-facing — may taint your reputation with customers. Gig payments are mission-critical.”

Who Am I?

Much of the gig economy talk these days has to do with California’s Assembly Bill 5 – known simply as AB5 – which is essentially forcing large gig economy players like Uber to start treating their gig workers more like team members and less like expendable cogs in a machine.

California’s legislation set off a wildfire of sorts, with U.S. cities and states – as well as nations including India – announcing laws similar to AB5, at least in spirit. Some actually go quite a bit further into fairly draconian territory as governments set things right for gig workers – whether gig workers want the help or not.

Many are unhappy with how the new laws are written, and how they recategorize freelancers. U.S. legal maneuvering over gig work is far from over, as New Jersey Governor Phil Murphy signed legislation that reclassifies certain freelancers. And the wrangling has just begun.

Legal standing hasn’t stopped companies from snapping up gig workers, though. Package delivery service Amazon Flex debuted in Australia in January, and could be coming to a city near you soon.

The Gig Grows Up

India has proposed one of the more interesting takes on this. The country’s Department for Promotion of Industry and Internal Trade wants only licensed professional freelancers to do gig work. They would be issued a kind of vendor ID number under the plan – but it’s not a done deal.

In fact, when it comes to the gig economy, very little has been settled, from regulation to the legal status of “workers” to who’s responsible for what under these agreements. It promises to be a rollicking year as these laws (and their court challengers) zero in on what “gig” means.

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The Future Of Unattended Retail Report: Vending As The New Contextual Commerce, a PYMNTS and USA Technologies collaboration, details the findings from a survey of 2,325 U.S. consumers about their experiences with shopping via unattended retail channels and their interest in using them going forward.



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GiG platform to power new lottery business

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After securing a license from the Malta Gaming Authority (MGA), lottery newcomer, Megalotto, has gone live across multiple markets in its effort to “redefine” the online lottery experience of its customers.

Backed by venture capital company Optimizer Invest, the new online lottery and gaming business will launch its mobile-first lottery product on the Gaming Innovation Group (GiG) (GIG:Oslo) platform.

Megalotto will give millions of players access to lotteries on a global scale in a mobile-first environment.

According to a recent press release

…the St. Julian’s-headquartered business will be a unique brand within the online lottery vertical as its product is a departure from traditional transactional lottery products while its interface is intuitive for ease of use.

In addition to offering the largest jackpots from top lotteries around the world, Megalotto will also have on offer scratchcards, slots and instant win content, from well-known third-party suppliers.

“We are delighted to be going live with our new venture and to get our product in front of customers, said Megatotto’s Chief Executive Officer, Grant Williams.

“Our vision from day one has been to design and build an innovative and disruptive lottery product, and we believe we are on track to do just that. We have recruited a high quality, experienced management team to lead the launch of this new Optimizer Invest backed product, matching the ambitious plans we have in place for the markets we will be targeting, added Williams.”

Also commenting on the recent tie-up, Chief Executive Officer for Optimizer Invest, Petter Moldenius, said…

“The innovative Megalotto product is the result of a successful partnership between two of our portfolio companies, bringing a world class, truly customer friendly experience. Megalotto will give millions of players access to lotteries on a global scale in a mobile-first environment that is pushing the envelope for innovation of iGaming experiences on-the-go.”

Betsson acquisition:

In related news…

…Swedish holding company, Betsson AB (BETSB:Stockholm), has reportedly acquired Gaming Innovation Group subsidiary Zecure Gaming Limited, which operates its inhouse brands in Sweden.

The approximately €31m (US$33.6 million) deal, which consists of a €22.3 million cash payment, plus a prepaid platform fee of €8.7 million, has seen the transfer of GiG brands – Guts, Kaboo, Rizk and Thrills – to the Stockholm-headquartered company. The brands operate under licenses held in Malta, UK, Sweden and Germany (Schleswig-Holstein).

According to the press release, the Rizk brand will be launching under licenses held in Croatia and Spain. In addition to gaining opportunities with other brands in the two European countries, Betsson plans to integrate its own payment platforms and proprietary sportsbook with the GiG platform. The move will allow the holding company to offer its advanced technologies to potential B2B clients of the platform.

Growth potential:

Commenting on the acquisition, Chief Executive Officer for Betsson AB and Group President, Pontus Lindwall, said…

“Betsson’s ambition is to outgrow the market in the long term, organically and through acquisitions. This acquisition confirms that Betsson is a driver of the consolidation of the market. We believe this deal offers a good opportunity for Betsson to consolidate, at good value, where we can create synergies and apply our core B2C skills and marketing insights to scale these assets to their true potential. The agreement with GiG further strengthens and expands Betsson’s outreach and growth potential for its proprietary sportsbook and payments platforms in the B2B market. As one of the largest European operators, Betsson is well positioned to continue building on its strategic position.”



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Gig Based Business Market Projected to Witness Vigorous Expansion by 2019-2025 – Jewish Market Reports

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In this report, the global Gig Based Business market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2025, growing at a CAGR of XX% during the period 2019 to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2019 to 2025.

The Gig Based Business market report firstly introduced the basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the Gig Based Business market report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Request Sample Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=2577976&source=atm

The major players profiled in this Gig Based Business market report include:

The key players covered in this study
TaskRabbit
Guru
Rover
HopSkipDrive
Freelancer
Fiverr
Favor Delivery
Upwork
DoorDash
BellHops
Turo

Market segment by Type, the product can be split into
Website-Based
APP-Based

Market segment by Application, split into
Freelancer
Independent Contractor
Project Worker
Part-Time
Other

Market segment by Regions/Countries, this report covers
North America
Europe
China

The study objectives of this report

You can Buy This Report from Here @ https://www.marketresearchhub.com/checkout?rep_id=2577976&licType=S&source=atm 

The study objectives of Gig Based Business Market Report are:

To analyze and research the Gig Based Business market status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the Gig Based Business manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions Gig Based Business market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the keyword market.

Make An Enquiry About This Report @ https://www.marketresearchhub.com/enquiry.php?type=E&repid=2577976&source=atm 

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