DEVELOPMENT OF A FREELANCE EXCHANGE

Millions of professionals around the world are switching from traditional work to freelancing, and thousands of large enterprises and small startups are interested in working with freelancers. Do you want to benefit from it? If so, we will help you develop a freelance exchange.

A freelance marketplace is a platform where companies can find and hire individual professionals for specific jobs, and freelance professionals, in turn, can apply for open positions if their skills meet the requirements. Contractors interact with employers remotely. Freelance exchanges are popular for the following reasons:

• It is an almost unlimited source of labor. Companies can find a variety of professionals with any qualifications and specializations from anywhere in the world.

• This is an extremely convenient way to hire a candidate. An employer can start working with a contractor who fits his criteria perfectly.
• It is a simple time tracking tool. Once an employer has hired a specialist, he begins to receive accurate information about how much time was spent on a specific task.
• It is a platform with a built-in payment gateway. When the job is done, the employer sends the payment to the contractor right inside the platform.

Most giants like Google or Amazon work closely with freelance software developers. Considering all the potential risks, hiring an independent developer is still a good and profitable idea for the following reasons:

• Work on demand: in the online marketplace, you can find specialists to solve certain problems, and as soon as the work is done, the cooperation is terminated or paused. Accordingly, there is no need to pay for downtime.

• Wide range of salaries: The freelance model allows you to reach the best talent living in another country and cut costs through cheaper labor costs abroad.
• Market without Borders: By trying the freelance market for business growth, an employer will have the opportunity to work with different people from different countries, and implement cutting-edge trends to stay ahead of their competitors.

According to one study, over 10 years from now, more than half of skilled labor in developed economies will be working as freelancers.

Good professionals are beginning to value freedom more and more and prefer flexibility to a “stable” position in a company. And freelancing can give them that.

Reasons for popularity:

• Low Barrier to Entry: It is easier to start a career on a freelance website because people can apply for a certain job even without previous work experience.

• A quick and easy way to find a new job: The field of job opportunities is much wider compared to traditional job sites.
• Continuous learning and improvement.
• Additional source of income: Even if you work in an office full-time, you can find a part-time project for yourself, increase your income and improve your skills.
• Freelancing allows you to manage your time exactly the way you want and devote as much time to work as you want.

By deploying a new platform for freelancers, you get the opportunity to:

• Receive constantly growing income. The number of freelancers and employers on your exchange will constantly increase. If you apply the right monetization strategy, you can make a solid profit.

• Improve the freelancing industry. With the help of the platform, you can solve the existing problems in the labor market, better meet the needs of users.
• Join the collaboration of the future. Freelancing is the future, so the sooner you follow this trend, the sooner you will benefit from it.

Whatever option you choose to monetize a freelance exchange, we will help you implement any of them. The most common monetization options are:

• Commission fees

Most of the popular freelance platforms charge employers and freelancers a commission for every successful deal. This is the most common way to raise funds on an active freelance site.

• Shareware

Under this model, you offer the basic functionality of a website for free, and provide access to additional functionality for a fee.

• Service package fees

You can offer your users to buy a certain amount of services. Buyers can combine services and pay for whole packages depending on their needs.

• Profile promotion fee

Freelancers may want to appear at the top of search results, and companies may want their jobs to be the most visible. Let users pay to promote and advertise their profiles to increase your income.

• Subscription fee

Some freelance exchanges make money by offering subscriptions. Subscriptions can be linked to service packages – for example, “Start”, “Business”, “Professional”.

• Mixed model

Using this model, you can combine several types of monetization, providing more convenience for freelancers and employers, and thereby increase your income.

IT-company AVADA-MEDIA is the market leader in providing simple and effective solutions in the field of business automation. We offer to develop a turnkey freelance exchange using the most effective programming tools – frameworks Laravel, Yii 2.0 and Symfony. An individual approach allows us to develop a truly unique product. You will receive a tool that can significantly increase the conversion rate of your business.

As a professional software development company, we know that our clients value business tools for their reliability, stability, flawless security and flexibility with a wide range of features. We have mastered a technology stack that helps us deliver better solutions. We adapt our services in accordance with the requirements of our clients and can develop a product of any complexity.