AbstractThe key objective of the current research is to investigate the feasibility of developing a nichebusiness within a crowded online marketplace.
How to achieve success in an online freelance marketplaceExecutive Summary(1000)Globalisation and the internet have significantly changed the ways people used to interact for their business purposes. Effective communication is one of the key achievement factors in thepresent the business world. The internet has been changing the communication process and making it easier for them develop effective business relationships. For instance, it is now possible to connect virtually with someone regardless of the time and place. The internet is not only useful for effective communication but is also helpful regarding minimising operational costs. For instance, people from the developed countries like the US and the UK are using or purchasing services from the people of the developing economies like India and China to utilize cheap labour. People can avail such benefits through online freelance marketplaces such as Freelancer.com, PeoplePerHour.com, and UpWork.com, etc. In this report, we take a gander at the perspective of managers, scouts, and workers of theascent of the supposed gig economy which fit working methodology. Due to decline in thebusiness, the report will draw for the most of the quantitative diagram response from YouGovsenior pioneers of the examination and the REC JobsOutlook survey coordinated by ComRes.Disclosures can be investigated using subjective data, rising in the guideline of composedgroups with agents of automated job stages, scouts, industry masters and other externalaccomplices. Individual research quotes and disclosures from the numerical data given allthrough the report and are attributed in like manner. The introduction of the report describesthe gig economy, its source and elucidates automated stages as they are changing the universeof work. Information from both the YouGov and ComRes surveys exhibit on the means wecan expect the criticalness of cutting-edge of the workplace in UK market to enhance it togrow later on. The accompanying zones of the report by then set out the danger of creatinggig economy in perspective of managers, choice of specialists and independent workers.Subjective bits of information from representatives of the computerized work stage and theexpert in the industry plan to disseminate the conspiracy around the shift of gig workingsociety in the UK. The aim of focusing on these fragments is to eliminate the real threatshence opening entryways for investor groups hence giving a big stage to make proposals toThe Flexie Bench, to help in developing its upper hand.
Chapter 1: Introduction 1.1 Aim of the studyThe key point of the study is to develop systems for successfully developing a nichebusiness within a crowded freelance marketplace.