Becoming a blogger allowed me to open my horizons at many levels. Last month I rebranded my blog, with a new logo and a theme. I also ordered a promo video for the blog on Fiverr. It got me thinking… My blog became a (very small) business and I find myself outsourcing a few things to cheap freelancers all over the world. I talked to many online entrepreneurs this month, and they all told me the same: online businesses can be great and their potential is definitely augmented by freelance online marketplace platforms, such as Fiverr and Upwork.
I feel that if we had to hire somebody full time (or a regular freelancer, for that matter), the vast majority of us would refrain from starting a (online) business. The setup costs would simply be too high. Online businesses enable us to get access to very cheap labor, without having to compromise quality. Do you want to hire an expert for a one-off job without having permanent costs? Fiverr-alike platforms enable you to do just that. On top of that, you can find pretty much every type of service offered on this kind of platforms.
More and more people value flexibility in their jobs. 20 years ago, no company would allow you to start “until 10am” and work from home “a few times a month”. Companies have learned that people want flexibility, and offer them just that. On top of that, it’s now known to increase productivity (and working time and productivity are two very different things…). At the same time, more and more people decided to start their own businesses. As for Fiverr-alike platforms, the majority of people work there to make some extra bucks at the end of the month, but you also find many people making a living off of it.
There are many advantages to this type of platforms. First, they enable you to get in touch with people from all over the world (meaning every kind of market). In some markets, $100 is enough money to live on the entire month. No wonder they only charge $5 for 3 hours of their skills. Second, they allow you to outsource without having to hire. Yes, regular freelancers did that before Fiverr came about, but they were certainly in your market and you didn’t have the full spectrum of skills that Fiverr offers.
I honestly think that we’ll quickly migrate to an environment where the main workforce of businesses is outsourced online. Both having a business and trading your time for dollars is becoming more and more deprecated. I think we’ll witness a stellar growth of these platforms (in terms of customers and providers) in the next years. Personally, I see myself as a big client of these platforms as I grow my online businesses.
I should also say that after blogging I realized that the only institutions I will ever work for are universities. I will not consider working for a company ever again because I now understand the game. The main point is that companies pay you a fraction of what you generate every month. You’re happy with your salary, the benefits and what not. They don’t want to lose you, so they will increase your salary every now and then just to keep you motivated – most increases are actually ridiculous, BTW.
At the same time, because of your pay, the bank will lend you money so you can buy a home and turn your dreams into reality. You’re officially in the rat race. You need that paycheck at the end of the month, you’ve got a mortgage to pay. And kids to feed. You’re stuck. They make more money with you, so they increase your salary once again, by a tiny amount. It motivates you for that year. And this goes on and on and on like a hamster on a wheel. If we stop to think about it, we’ll realize that this strategy will prevent most of us from setting ourselves free. People get themselves more and more into the rat race as their salary increases. Companies will adjust the salary with fine detail: they want people to think they are getting rich, but they can’t let that happen – otherwise they leave.
A final note on machine learning, because it will be very big, in my opinion. Some visionaries do now believe that art degrees will be more valuable in 10 years from now on. I think this says a lot about it. In particular, I believe that many algorithms will have a lot of machine learning and AI components. My particular opinion is that online algorithms are rapidly moving that way.
At the same time, I think that mass tech gadgets will continue to steadily evolve over the next years. In particular, I believe that there will be a huge progress on smartphones and drones.
Virtual – real world interaction
We can’t deny it. Social media has really become the thing of the past 10 years. It has been happening so fast that it is actually difficult to realize how big social media got. Pinterest has launched about 7 years ago. As of February 2017, it had 150 million active users. Not many companies get so big so fast, with… about 800 employees. Also launched about 7 years ago, Instagram has now 600 million monthly visitors. It is happening, whether we realize it or now. I happen to think that there will be a lot of room for growth in the interaction with social media – we have way too many people using it to not capitalize on that.
At the same time, I think that mass tech gadgets will continue to steadily evolve over the next years. In particular, I believe that there will be a huge progress on smartphones and drones and the economy will revolve around mass tech and its usage in the real world. It will also increase mobility. I am not only talking about Uber and Uber-alike companies that will come about but mobility from every angle. Apps will definitely be the body of mobility of many things we thought were only possible to do or experience in one particular location.
Again, virtually everyone uses smartphones now and everyone has experienced some of their potentials. The money is where people are at. I have no doubt that smartphones will become way more sophisticated and have way more impact in our lives.
As a Tesla lover and believer, I can’t really avoid this one. I believe that electric cars will take over in the next years. Actually, they won’t take over because they are eco-friendly or anything of that sort, if you ask me. I think Tesla is a magical company which is going to make electric cars more beautiful (this is already done, really 🙂 ), faster, safer and cheaper (well, most of this is already true). The model 3 will probably be the game changer and I do believe that Tesla will achieve all this with the profit made on the model 3. OK, but ain’t most of this already happening?
Yes, but what if I told you that I believe that the car technology we have right now will soon migrate to airplanes? Have you thought about the actual reason why Elon Musk – the greatest – has invested in electric cars (Tesla), rockets (Space X) and Solar panels (Solar city) all at the same time? Synergies…
What do you think will become big in the next 10 years? Let me know!