The gig economy is nothing new. In fact, it was standard practice from as early as two centuries ago, as it was common for most people to work multiple jobs to eke out a living.
But since the 2008 financial crisis, the gig economy has experienced a resurgence, with as much as 35% of the workforce identifying as freelancers or self-employed in the U.S. alone.
As for the percentage of the workforce working in a gig economy in Singapore, that number stands at 8-10% – and it’s unlikely to drop. Rather, experts predict that the number of people taking up freelance jobs in Singapore could swell further with the rise of gig platforms, where independent talents can easily connect with prospective clients.
By 2030, the traditional 9-to-5 may no longer be the overwhelmingly dominant model for work – in fact, a PwC study predicts that by then, ‘permanent’ full-time workers may make up only 9% of the workforce.
This rapidly growing segment has now gained so much traction that several government entities, including the Ministry of Manpower, are looking into ways to better protect and support our independent talents. Concrete plans, such as a special insurance scheme to support injured freelancers who are unable to work for long periods and even legal support for payment disputes, are on their way to being put into practice.
Yet even with more structured support for independent talents, the more immediate challenges of freelancing remain.
Foremost amongst these challenges: finding clients. A survey by Contently found that securing enough work was by far the biggest daily obstacle for independent talents.
Then there’s the fact that you have to take care of everything by yourself, including marketing, pitching to clients, drafting contracts, chasing for late payments, and even managing your finances.
Cue StageMetro. The Singapore-based platform is designed to eliminate the major obstacles faced by independent talents through automation, helping them to spend more time serving clients rather than worrying about pitching, marketing, or securing payments.
For instance, instead of having to find new clients on your own via networking or word-of-mouth referrals, you can simply set up a profile on their platform. Investing a mere 15 minutes allows you to get discovered by everyone on the app, and affords you access to hundreds of services in the local scene – from funky ones like card readings and circus performers to more mainstream ones like yoga instructors and videographers.
The app runs on a point system: the more points you have, the better your talent grade – and the more you can charge. You get points for completing services for satisfied customers, of course, as well as other easily-ticked-off tasks like connecting your profile to social networks.
StageMetro even runs training and community events to help their independent talents become more successful and connect them with others – another one of the three biggest challenges you’ll face as a freelancer in Singapore, according to MoneySmart.SG.
Then of course there’s chasing for late payments, which the app has neatly taken care of as well. When clients book you on the app, payment is secured electronically. Once the service has been completed, the money will be transferred directly to your bank account within 7 days . And if it happens that the client cancels on you last minute, you’ll still get 50% of the fees.
The best part? We help you earn money online at minimal cost. While many online platforms charge exorbitant commission fees, cutting into freelancer profit margins and making it difficult to price competitively, StageMetro’s membership fees start from as low as $10/month with zero commissions. This means that with the completion of a single gig, you’ve covered your subscription fee for the month !