One of the benefits of working in the gig economy is flexibility and freedom. Choose your own hours, what days you work, the mix of how you work, etc. With the pandemic, we have all made changes and accommodations.

One of the most popular gig economy jobs pre-pandemic was ridesharing. While it is still a viable option to earn money, drivers may be seeing more competition for the higher traffic locations. In addition to that, cities have different rules about how some businesses operate that has changed commuting patterns.

Many drivers have shifted their focus to food services. That may be restaurant meal delivery or grocery delivery. Because retailers have suffered lower foot-traffic, they are looking for ways to access customers in similar ways to those in the food and grocery space. With these changes, shopping and delivery services appear to be on the upswing again as more business move to using delivery platforms. Some platforms, like Instacart that had specialized only in grocery delivery, now provide access to beauty supplies, electronics, sporting goods, and more. This means more options for consumers and more opportunities for personal shoppers for delivery platforms and services.

Another shift has been the move to online shopping for people that may have opted for the in-person experience before. Now, these buyers are looking online to find clothing, household goods, accessories, and previously owned items. This can be an opportunity for giggers who want to sell items on social media like Facebook Marketplace, auction sites such as eBay or major online retailers like Amazon and Walmart that allow individuals to sell on their platform.

If the gig economy is a good fit for you, monitoring patterns and trends then adjusting may ensure you are able to continue to get the most out of your local market.

Featured Loan Partner

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