Making a Million Dollars in the Gig Economy

If you work at the Gig Economy, you work for yourself. It does not matter what it is that you do: Rideshare, Airbnb, whatever. What you earn doing it is determined by how you do it. Not by the platforms you use. You do not earn a wage; you get paid by customers.

One of the most appealing aspects of working for yourself is the ability — in theory — to earn unlimited income. You’re not held back by tiered corporate pay scales

An article in Money is a great example of this. I would highly recommend that you read it with your business in mind.

Ok, you might not really make a Million dollars, but you can make more than you do today.  The basic principles described in this article still apply!

Step up your business thru these plateaus

  • Scale to six figures
  • The Service Treadmill
  • The semi-scaled
  • Leveraging your assets. The only way to a million dollars.

Most Gig workers never get past Level 1. They don’t even know there are levels. They don’t know that they are running a business.

Scaling to six figures is hard in the Gig world as most Gigs are very labor intensive for low compensation, but the plateaus mentioned here are the same! Just at different scale.  This article is about professional consultants who are self-employed, but the guidelines apply to any personal business. Including Gig Businesses.

You are providing a service (generally if we think of only Rideshare). That covers Levels 1 and 2. You can’t scale yourself, so you can only earn so much. In the rideshare world, if you can’t build a fleet or hire drivers, you cannot scale.

Uber, Lyft, Ola

In level 3 (semi-scaled), you need to bring in more business thru marketing savvy. In many platforms this is just not possible. Recognize that. Find opportunities that allow you to be different from the herd. It is better to be on eBay than on Uber if you want to be known for what you bring to your customers. On rideshare platforms, you are just your car.  You can semi-scale by buying cars and renting them to other rideshare drivers for example.  

Getaround, Etsy, eBay

Level 4 is the only true scalable Gig businesses. Using Level 3 marketing and Level 4 asset management is the only way a Gig Business person can go beyond the ‘per hour’ mentality of selling your labor for money.

You have to eventually expand into Assets; Cars, Campers, Houses, anything.  Or you cannot expand your business.

Turo, Getaround, Outdoorsy, Airbnb, VRBO

You may also like...

Popular Posts

18 Comments

  1. With havin so much content and articles do you
    ever run into any problems of plagorism or copyright infringement?
    My site has a lot of unique content I’ve either created myself or outsourced but it seems a lot of it
    is popping it up all over the web without my authorization. Do you know any ways to
    help prevent content from being stolen? I’d genuinely appreciate it.

  2. I’ve been surfing on-line greater than three hours these days,
    yet I by no means discovered any fascinating article like yours.
    It is beautiful value sufficient for me. In my view, if all
    webmasters and bloggers made good content as you probably did,
    the web will probably be much more helpful than ever before.

  3. bookmarked!!, I really like your blog!

    Feel free to visit my web blog SPS Male Enhancement Reviews

  4. I all the time emailed this webpage post page to all my friends,
    since if like to read it afterward my contacts
    will too.

  5. I very pleased to find this site on bing, just what I was looking for 😀 likewise bookmarked.

    Feel free to surf to my page … Steelovil Ingredients

  6. I am continually searching online for ideas
    that can help me. Thx!

    my blog post: have a peek at this site

  7. Good web site! I really love how it is simple on my eyes and
    the data are well written. I am wondering how I might be notified when a new post has been made.
    I’ve subscribed to your RSS feed which must do the trick!
    Have a great day!

    my blog: True Libido Boost Review

  8. Hey I know this is off topic but I was wondering if you knew
    of any widgets I could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some
    time and was hoping maybe you would have some experience with something like this.

    Please let me know if you run into anything. I truly enjoy reading
    your blog and I look forward to your new updates.

  9. I was curious if you ever thought of changing the page layout of your site?

    Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having one or 2 pictures.
    Maybe you could space it out better?

  10. At this time it seems like Expression Engine is
    the best blogging platform out there right now.

    (from what I’ve read) Is that what you’re using on your blog?

  11. I imply, this game would not have a login factor in any respect, which is unusual for
    a gacha.

  12. Write more, thats all I have to say. Literally,
    it seems as though you relied on the video to make your point.
    You definitely know what youre talking about, why throw away your intelligence on just posting videos to
    your site when you could be giving us something informative to read?

  13. Great web site you have here.. It’s difficult to find good quality writing like yours nowadays.
    I really appreciate individuals like you! Take
    care!!

    Feel free to visit my page: Boost Male Enhancement Ingredients

  14. Magic Crystal Chunks are a new sort of useful resource added witthin the
    first main content replace for Gennshin Impact.

  15. Hello, I would like to subscribe ffor this website to
    gett newest updates, therefore where can i do it please assist.

    Feel free to visit my blog post –Among us mod hack 2021

  16. Hey There. I found your blog using msn. This is a really well written article.
    I will be sure to bookmark it and return to read more of
    your useful information. Thanks for the post. I’ll definitely comeback. http://wiki.soippo.edu.ua/index.php?title=%D0%9A%D0%BE%D1%80%D0%B8%D1%81%D1%82%D1%83%D0%B2%D0%B0%D1%87:michael5634562562

  17. Hey There. I found your blog using msn. This is a really well written article.
    I will be sure to bookmark it and return to read more of your useful information. Thanks for the post.
    I’ll definitely comeback. http://wiki.soippo.edu.ua/index.php?title=%D0%9A%D0%BE%D1%80%D0%B8%D1%81%D1%82%D1%83%D0%B2%D0%B0%D1%87:michael5634562562

  18. My husband and i have been quite satisfied that Peter could finish up his basic research
    because of the precious recommendations he got through the web site.
    It is now and again perplexing to simply continually be giving
    for free solutions which usually the others could have been making money from.
    And now we take into account we need the website owner to give thanks to for this.

    Those explanations you made, the simple website navigation, the friendships you make it possible to create
    – it’s all excellent, and it’s really making our son in addition to the family reason why that content is excellent, which is certainly really mandatory.
    Thank you for everything!

    Also visit my homepage :: junk vehicles orlando

Leave a Reply

Your email address will not be published. Required fields are marked *