Working in the Gig Economy audiobook cover - How to Thrive and Succeed When You Choose to Work for Yourself

Working in the Gig Economy

How to Thrive and Succeed When You Choose to Work for Yourself

Thomas Oppong

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Working in the Gig Economy
Career Foundations+
Marketing & Acquisition+
Client Management+
Operations & Finance+

Quiz — Test Your Understanding

Question 1 of 9
What is the primary driver behind the shift from traditional full-time jobs to the flexible gig economy, according to the text?
  • A. A global economic recession that eliminated full-time roles
  • B. Technology that enables quick and easy global collaboration
  • C. Government tax incentives for small businesses and freelancers
  • D. The rising cost of higher education forcing people to work sooner
Question 2 of 9
What does the author suggest you do if you are highly passionate about a specific field but lack the necessary skills?
  • A. Abandon the idea and stick to a field where you already have expertise.
  • B. Partner with a more experienced freelancer and split your profits.
  • C. Develop or improve the skills through online courses, reading, or passion projects.
  • D. Exaggerate your abilities on your profile until you learn on the job.
Question 3 of 9
Why does the author recommend studying social media influencers when building a gig economy career?
  • A. They demonstrate the importance of carefully presenting yourself and building a strong personal brand.
  • B. They are the most likely demographic to hire freelance workers for short-term gigs.
  • C. They provide the best platforms for advertising freelance services to a global market.
  • D. They earn the highest income in the gig economy and offer a direct financial blueprint.
Question 4 of 9
How should a gig worker approach creating a profile and pitching to potential clients?
  • A. Compile a comprehensive list of every skill you possess to cast the widest net possible.
  • B. Highlight only the specific areas of your expertise that are most relevant to your ideal client.
  • C. Always offer your services for free on the first project to guarantee a long-term contract.
  • D. Use a generic, standard job title to avoid confusing the search algorithms on freelance platforms.
Question 5 of 9
What strategy is recommended to take the stress out of rejecting a client's project proposal?
  • A. Ignoring the email so the client eventually gets the hint and moves on.
  • B. Setting up an email template that is friendly, explains your reasoning, and recommends other freelancers.
  • C. Asking for an exorbitant fee so the client is the one who ultimately declines the project.
  • D. Forwarding the proposal directly to a competitor without notifying the client.
Question 6 of 9
To ensure a project aligns with a client's expectations, at what specific milestones does the author suggest discussing the work and getting feedback?
  • A. Only at the very end when the final product is delivered.
  • B. Daily, through mandatory morning check-in calls.
  • C. When you have completed 30 percent and 70 percent of the work.
  • D. Before the contract is signed and immediately after the final invoice is paid.
Question 7 of 9
How does the author suggest gig workers establish realistic deadlines for their clients?
  • A. By asking the client how quickly they need the work done and agreeing to their timeline.
  • B. By adding an automatic two-week buffer to every project estimate.
  • C. By breaking projects down into smaller tasks and assessing how long each will take based on past experience.
  • D. By working continuously without breaks until the project is finished to guarantee early delivery.
Question 8 of 9
What is the author's specific advice regarding managing taxes as a self-employed worker?
  • A. Wait until tax season to calculate what you owe to maximize your cash flow during the year.
  • B. Set up a dedicated account and aim to put aside 30 percent of each payment for taxes.
  • C. Pay taxes directly out of your personal account to keep your business account solely for expenses.
  • D. Rely on freelance platforms to automatically deduct and pay taxes from your earnings.
Question 9 of 9
What actionable step should you take immediately after successfully completing a project to help attract more business?
  • A. Increase your hourly rates by 10 percent for your next client.
  • B. Request a testimonial or a referral from the happy client.
  • C. Send the client a physical gift basket to ensure they remember you.
  • D. Immediately pitch the client a larger, more expensive project.

Working in the Gig Economy — Full Chapter Overview

Working in the Gig Economy Summary & Overview

Working in the Gig Economy (2018) is a practical guide to the competitive world of self-employment. How do you learn to enjoy the freedom of self-employment, and how do you make sure you don’t fall into the traps of burnout and disappointed clients? Thomas Oppong lays out the most effective ways to succeed in the gig economy.

Who Should Listen to Working in the Gig Economy?

  • People who are thinking about going freelance
  • Freelancers and independent contractors who feel stuck in a rut
  • Anyone interested in the future of work

About the Author: Thomas Oppong

Thomas Oppong is a writer who specializes in entrepreneurship, strategy, business development, and marketing. His work has been published by the likes of CNBC, Inc. Magazine, and The Business Insider, and he curates a weekly newsletter for over 45,000 subscribers. Oppong is also the founder of Allstartups.com, a website that provides resources for start-ups and entrepreneurs.

 

© Thomas Oppong, 2018. This Summary of Working in the Gig Economy is published by arrangement with Kogan Page.

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