The internet gave birth to novel freelance possibilities never before imaginable. In 2014, the share of workers that did their jobs remotely stood at only 17%. In 2020, due to government-imposed stay-at-home measures, this percentage jumped up to 36%. It helped fashion a remote work trend that may soon become a reality for most people. However, what is interesting about this occurrence is that many people are not opting to freelance out of necessity. They do so by choice, waving the benefits stable employment provides.
A recent survey conducted by Payoneer, a leading financial service available on most freelance platforms, claimed that the global pandemic first caused a short-term decline in revenue growth but then fostered a powerful revenue spike. The fall came in the 15% to 17% range, and the comeback resulted in money flow jumping 28% compared to the beginning of 2020. According to Payooner, freelance demand jumped 208% in the Philippines and 160% in India. The US did not find itself in the top ten list of countries whose freelance rates rose dramatically, but still, it also saw an 11% growth in May 2020 and an additional 18% boost in June. In 2019, 35% of the American workforce did their job remotely. With 2021 coming to an end, it’s clear that the shift to working from home will remain. What follows is a breakdown of four industries where remote work demand is at an all-time high.
Even though it is now a commonly held belief that technology may replace up to 94% of accountants, this freelance sector is thriving. It has a projected annual 4% job growth rate until 2029. Going by the last estimates, 60% of small business owners admit they know little about accounting and hire others to complete bookkeeping tasks. So, despite automated software saving businesses, on average, $16 per invoice, people that are good with numbers should still have steady employment for the foreseeable future. Particularly evident by the fact that the US accounting sphere generates over $110 billion in revenues. With 37% of its personnel working remotely. The ongoing pandemic, and its lingering effects, will only boost this percentage.
The online gambling industry came into existence in the mid-1990s, with Isle of Man’s Microgaming and Toronto-based CryptoLogic leading the charge. In its inception, this was a niche market that only attracted a tech-savvy crowd. Once smartphones became a thing, they began to grow exponentially, with market research firm Fortune Business Insights estimating that the global market will hit $158 billion in annual revenues by 2028. The number of casino sites swells at a staggering rate. However, what this industry also has seen a proliferation of are affiliate hubs. These are websites promoting casino and betting platforms that need content writers to fill their pages. Big-brand gaming operators not only offer enticing referral fees, but they also link an affiliate site with their referred players for life. Thus, running such pages is an excellent source of passive income.
Therapy – Life Coaching – Consulting
In 2017, the American Psychological Association(APA) published a report regarding a growing wave of online therapy use. Four years later, the APA released a follow-up, noting that online therapy is here to stay, citing several studies that prove its efficacy. Mental health professionals aside, people are now also seeking help concerning how to better themselves from so-called life coaches. These are laypeople who claim to offer advice based on their immense life experience. According to the Coaching Federation, it is the world’s second-fastest-growing industry. The number of life coaches skyrocketed by 33% from 2016 to 2020. The consulting market overshadows the previously discussed two by raking $250 billion per year, making it one of the most mature professional services industries. Therefore, today, anyone with a specific set of skills and a marketing acumen can sell themselves as someone who has the expertise necessary to sell their advice.
Nowadays, anyone with quality English, a laptop, and an internet connection can work in the customer support sector. It should reach a worldwide size of $32 billion by 2027, registering an annual compound growth rate of 22%. 72% of satisfied customers share their positive experience with others, and 67% of them, are willing to pay more for premium service. Moreover, 57% will leave a service provider if a competitor supplies better customer support. So, keeping clients happy is paramount for businesses. Industry predictions assume that as many as 80% of global customer support agents will work from home by 2024. Hence, that means that there should be no shortage of job opportunities in this field.