Economic and demographic shifts have given rise to the gig economy – a way of working on a project basis with extreme flexibility requiring minimal certifications, and no sales or marketing per se. It’s a great way to earn extra income with minimal upfront investment or ongoing expense and independence. The market for gig workers is large and growing. According to the results of Upwork’s Freelance Forward 2020 survey, in 2019, 36% of the U.S. workforce had participated in the freelance/gig economy, and more than a quarter of those workers were 55+. You don’t need a formal business plan; you simply need time and flexibility. Whether you’re just exploring this option or have already decided to go the gig route, the information on these pages will provide you with clarity and direction.
10 yes/no questions to help you determine if this is a good direction for you
Do I like project/hourly type work?
Is my schedule and availability flexible?
Do I have good time management skills?
Can I work with irregular schedules?
Can I be available on short notice?
Am I OK with an irregular and somewhat unpredictable income stream?
Do I accept that gig work is short or project term and typically doesn’t allow for advancement?
Am I willing to sacrifice personal time to respond to work assignments on short notice?
Am I tech-savvy with online platforms and work tools?
Am I prepared for keeping track and paying estimated taxes if my gig income exceeds a certain threshold?
Find unique opportunities on local job boards.
Here are questions and answers that address common issues and concerns for those interested in becoming a gigster.
Assess this option against the following eight criteria: