7 sectors that benefit from freelance platforms

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No doubt, we are living in a gig economy. Rather than shackling themselves to a regular nine-to-five job, many talented individuals are now choosing to work as freelancers instead. It’s a shift that is being felt by the business community, and there are several studies showing that this situation isn’t going to change anytime soon.

For instance, a study conducted by the Freelancers Union shows that 57 million Americans were freelancers in 2019, an increase of four million from 2014’s 53 million freelance workers. In financial terms, this freelance workforce accounted for a trillion dollars of the United State’s Gross Domestic Product (GDP). Compared to industries like construction, transportation and warehousing, as well as mining, freelancing actually contributed more to the GDP of the United States.

Another study conducted by Intuit also revealed that freelancers are going to play even more prominent roles in the coming years. According to their findings, 40% of the 2020 American workforce will be made up of freelancers, contractors, and temporary employees. They also point out that in the future, 80% of enterprises in the United States will look to increase their use of a flexible workforce, especially since they significantly minimise employment expenses.

Freelancing isn’t just an American phenomenon either. India Microfinance, for instance, reports that India has around 15 million freelancers located in its urban areas, with the number expected to grow and grow until 2035. They also cited a study that points out that some of the countries with the highest number of online workers include India, Bangladesh, Pakistan, the Philippines, and the United Kingdom.

These numbers have resulted in the rise of freelance platforms such as TapChief, seeking to connect freelancers with the industries that need them. And there are definitely quite a number of industries that seek out freelance work, seven of which you’ll find about below.

Sectors that need freelancers

The best freelance websites are the ones that help industries find the freelancers they need. The sectors that are looking for freelancers span from IT to customer care.

1. Computer and IT

Digital industries will only continue to grow as the years pass, so it’s no surprise they’re the top industry that benefits from freelance platforms. With startups often working with smaller budgets at the beginning of their existence, freelancers have become a great way to supplement what is probably a skeletal workforce.

2. Administrative

The rise of virtual workplaces has also resulted in the need for non-traditional workers who can handle administrative tasks in the context of a digital environment. This sector has turned to freelancers to fill this need, as can be seen in numerous job postings looking for virtual assistants. 

This particular industry is also great for college students looking to get into freelancing. A great benefit of freelancing in college is that college students gain some real-world experience before they graduate. 

Here are four reasons why you should freelance in college.

3. Accountancy and finance

Small businesses may not always be able to afford the services of an accounting firm, pushing them to look for other alternatives. The need is so great that there are enough programs out there for sites to come up with a list of top free payroll software solutions. These businesses have also been turning to freelancers to do accounting and financial work for them.

4. Customer service

A full-blown customer service apparatus would be a massive operation that would require dozens of team members, to start with. Businesses that are just starting out may not have the budget for that, which is where freelancers come in.

Businesses can have the queries of their customers resolved even if they do not have a customer service apparatus in place, helping them foster loyalty to their brand. Freelancers, on the other hand, get to refresh their skills as they talk to consumers whose concerns may now be different from the time when customer service was a more face-to-face affair.

5. Software development

The demand for developers is only set to increase in the coming years. Companies large and small are looking for more developers that can handle front-end, back-end, and database work needed to produce a website or app. Getting freelancers to do this work is especially helpful for companies working on a small budget.

Of course, it’s not just any freelancer that gets to nab jobs in software development. There are some specific needs that businesses look for, such as the freelancer being able to help out with any coding requirements if the situation calls for it. There is also a strong preference for developers who can build a project from scratch, as the business may ask them to work on a discontinued project that might require the developer just to get rid of all the previous work done before.

6. Medical and health

The medical sector isn’t the first thing to come to mind when you think of industries that need freelancers. But there is a need for freelancers here, especially for tasks like medical writing, medical transcription, and medical research analysis.

Tasks like these require specialised skills and a lot of time that full-time medical workers may not have, so freelancers have become a way to get these tasks done. Thanks to them, full-time medical workers can focus on their job while these freelancers can ensure that transcriptions, analyses, and writing are also accomplished.

7. Project management

Just like administrative services, project management has taken on a new dimension in this digital age, where physical offices may not always be part of the company and the team may be scattered in different parts of the world.

Thanks to freelance platforms, businesses have been able to connect with freelancers, especially those with past experience and skills in handling projects. 

Freelance platforms like TapChief can help you grow

Whether you’re a small business looking to supplement a small workforce or a professional who has just left the corporate world, getting on a freelance platform such as TapChief is a great way to grow your business or your career prospects.

As a business, it enables you to focus your efforts on scaling up rather than on hiring and building teams. On the other side, if you are a freelancer, regardless of whether you are a newbie or a veteran, you will get to learn a lot. Every project offers something new — different challenges, different opportunities, different objectives, and the duration of the projects also change. On the whole, you will be able to build a very rounded portfolio and learn new skills quickly.

Karthika Anand

Karthika is a Content Creator and Community Manager at TapChief. When not found writing, she's most likely to be found at the gym.