Forbes on Nostr: News From The Human Cloud Freelance Trend Tracker ========== The freelance economy is ...
News From The Human Cloud Freelance Trend Tracker
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The freelance economy is rapidly growing, with US freelancers contributing almost $1.3 trillion in economic value in 2023. Global CAGR growth estimates for freelancing average around 14-15%. Nearly 70 million US professionals freelanced in 2023, and almost 80% of US companies used freelancers to supplement their talent base. However, there is a lack of reliable global and national information about the freelance economy. The Quarterly Freelance Trend Tracker, a survey conducted by a freelance strategy and branding boutique, provides insights into the forward-looking sentiment of the freelance community. The most recent findings show that freelance leaders remain somewhat optimistic, with 48% satisfied with their business performance. Brand and client relationships are key drivers, and the marketplace team is seen as competent. Client acquisition performance varies, with 44% of leaders satisfied and 32% dissatisfied. The marketplace's target clients are primarily small and medium-sized businesses and startups. Attracting additional funding is a low priority for most freelance leaders. Expectations for a global recession are mixed, with 35% of leaders feeling well prepared. Government policies are generally seen as unhelpful to freelancing. Confidence in the growth of freelancing remains strong, and collaboration with other marketplaces is seen as an important growth strategy. AI is utilized in various ways, such as improving marketplace efficiency and the client experience. These findings reflect an enthusiastic group of marketplace leaders who believe in the future of freelancing and are focused on growth and profitability through business fundamentals and grit. The infrastructure for broad adoption of freelancing is still lacking, and positive government support would be beneficial. Collaboration among platforms and consolidation in the industry are likely trends in the coming years.
#FreelanceEconomy #Freelancers #Marketplaces #BusinessPerformance #ClientAcquisition #Funding #Recession #GovernmentPolicies #Ai #Collaboration
https://www.forbes.com/sites/jonyounger/2024/03/27/news-from-the-human-cloud-freelance-trend-tracker/
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The freelance economy is rapidly growing, with US freelancers contributing almost $1.3 trillion in economic value in 2023. Global CAGR growth estimates for freelancing average around 14-15%. Nearly 70 million US professionals freelanced in 2023, and almost 80% of US companies used freelancers to supplement their talent base. However, there is a lack of reliable global and national information about the freelance economy. The Quarterly Freelance Trend Tracker, a survey conducted by a freelance strategy and branding boutique, provides insights into the forward-looking sentiment of the freelance community. The most recent findings show that freelance leaders remain somewhat optimistic, with 48% satisfied with their business performance. Brand and client relationships are key drivers, and the marketplace team is seen as competent. Client acquisition performance varies, with 44% of leaders satisfied and 32% dissatisfied. The marketplace's target clients are primarily small and medium-sized businesses and startups. Attracting additional funding is a low priority for most freelance leaders. Expectations for a global recession are mixed, with 35% of leaders feeling well prepared. Government policies are generally seen as unhelpful to freelancing. Confidence in the growth of freelancing remains strong, and collaboration with other marketplaces is seen as an important growth strategy. AI is utilized in various ways, such as improving marketplace efficiency and the client experience. These findings reflect an enthusiastic group of marketplace leaders who believe in the future of freelancing and are focused on growth and profitability through business fundamentals and grit. The infrastructure for broad adoption of freelancing is still lacking, and positive government support would be beneficial. Collaboration among platforms and consolidation in the industry are likely trends in the coming years.
#FreelanceEconomy #Freelancers #Marketplaces #BusinessPerformance #ClientAcquisition #Funding #Recession #GovernmentPolicies #Ai #Collaboration
https://www.forbes.com/sites/jonyounger/2024/03/27/news-from-the-human-cloud-freelance-trend-tracker/