What is Gig?

The gig economy reigns supreme. More than 40% of Americans are working as freelancers. So, what is a gig?

A gig is a temporary job or project. The employee often works on a specific project for an organization, either as an independent contractor or a freelancer. Most gigs are part-time or project-based. An employee working a gig might get paid hourly or may receive one lump sum for a completed project. People might do one gig at a time, or do a few at once.

What are the Pros and Cons of working as a Freelancer?

CONS

No health insurance or other benefits.
Not as secure as full-time employment jobs
Can take time to build a steady-stream of income
No to minimal training provided (assumed you have skills to complete the project or tasks.)
You need a strong technology (i.e. computer, high-speed internet, smartphone with a rich data plan)
You may need car or other equipment.
Some platforms/ opportunities may require a background check.

PROS

Freedom to do work you enjoy and choose.
Possible to work from home (or anywhere).
Flexibility of setting your own schedule of when you will work. Especially helpful for those who want a part-time schedule or to add a side-hustle on top of a current job.
Access specific types of work that may be hard to find locally.
Experiment with a career change before making a leap.
Work and interact with a variety of people.
Build skills and experience in an area of interest.