When products and services move to low-cost, more advanced platforms they often help expand the entire marketplace. When reviewing gig platforms, the very first thing you review is total cost. The largest gig platforms charge as much as 27-28% of every dollar. In today’s internet this is beyond over charging.
When most products and services went to the discounted platforms, not only did they take market share from their larger (much more expensive!) alternatives, but they almost always opened up newer, faster growing markets that greatly expanded the total market, especially in the total number of participants. With help, we now believe the gig market will completely open up globally.
Based on history, the low-cost platforms will, and possibly already are, growing faster than the high priced legacy platforms. The facts are that over time the lower cost platforms almost always win. Now low-cost platforms are seeing real participation growth; for example we are seeing Freelance Global Gigs (FGG) Low Cost Marketplace growing at about a 100% increase in user traffic this month alone.
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One big reason why FGG Low Cost Marketplace is seeing triple digit growth is that FGG is integrated with Communal News giving FGG an accelerated global launch. Communal News provides over 200,000 links to every new FGG post providing a very high volume of viewership.
The market will eventually turn from small isolated, especially individual country gig platforms, to the larger broader lower-priced platform providers with global services who are already greatly expanding their gig coverage.
It’s almost always better to be a global seller, as the reach and breath is just so much larger. Even with a global provider, if you prefer to sell within a single country, the access you receive will help you to establish a foothold and early support on a very fast growing platform.
With these new platforms combining lower cost with global translation into most local languages, users are getting exposure within almost every country, and benefiting from the lower price which could help to expand the overall market many times over.
Historically, with almost all low-cost or discount platforms, as the costs go down those benefiting from the platform early on often grow exponentially faster than late adopters. Low-cost discount brokers not only start gaining market share, but they help to significantly expand the entire market, greatly expanding the total number of participants.
Of course, no one wants to overpay for a services or a gig, but the question is, “as the cost comes down with platforms such as FGG Low Cost Marketplace, does the volume of buyers expand at a far greater rate?”