Last month, in a widely-reported survey, nearly 700 small to enterprise-level brands gave their thoughts on the future of wholesale. The survey found that 80% of brand executives surveyed do not have a negative outlook on the future of wholesale, and in fact, 90% plan to continue investing in the wholesale side of their businesses.
Getting in one last bit of work before the long weekend, the US Census Bureau released its Monthly Advance Economic Indicators Report for October on the day before Thanksgiving. Advance wholesale inventories were up for the month of October, by 0.9%. The August to September percentage change was revised from up, 0.4% to up 0.7%.
Many industries and sectors across the global economy have greatly suffered as a result of the coronavirus pandemic and the associated recession caused by the Great Lockdown. Demand for some goods and services has simply collapsed, while in other areas, the means of distributing them to retailers or consumers has been severed or greatly disrupted.
Brazil is seeing a skyrocketing of COVID-19 cases that will surely make the traditional type of business more challenging. Brazil has had over 50,000 people die from COVID 19, and now has the second highest worldwide death toll. On Sunday, the Brazilian health ministry said an additional 641 people had died and 17,000 new infections have been added in just the last 24 hours.
FGG Low Cost Marketplace have been around for about a year with very strong (almost exponential) growth in visitors, posts, and global penetration. With their low cost and global market, FGG Low Cost Marketplace allows a growing number of freelance gig Buyer and Sellers to save and make more money.
When selecting or working with a gig platform or marketplace, whether buying or selling gigs, you need to understand: what is the total cost? You should always try to compare the total cost of a gig platform so you know what you’re dealing with. Often the higher percentage the gig provider takes or charges, the more confusing or complicated they make it in presenting those costs; so if it’s hard to understand the total cost on a platform, that means they are often very high and don’t want to openly disclose the costs.
Communal News (CN), a very fast growing global online open news services, has integrated with Freelance Global Gigs (FGG) Low Cost Marketplace, a company with even faster global growth (but on a smaller base), and together they are now able to combine their two services into one for their market research publishing clients.
Freelance Global Gigs (FGG) has increase the number of Buyers by over 175% in the first 20 days of April. The number of Sellers was also up over 85% for the same period. This does not include any integration from the Communal News (CN) Contributors or Subscribers.
Communal News growth has also been phenomenal– the news service often has over 10,000 visitors in a day. Soon when you sign up for one service, you will get access to both services. Both CN and FGG believe it is better for the overall reader, Contributors, Buyers and Sellers that they have only one login and access.
Having a rapidly growing global newspaper integrated into a freelance gig service has proven to provide both with a tremendous advantage. Communal News (CN) is helping to launch Freelance Global Gigs(FGG) Low Cost Marketplace) with propelled rocket-like growth at FGG Low Cost Marketplace, as CN articles demonstrate how Buyers and Sellers can save more money with significant low-cost advantages.
In this economy, where the entire world is dealing with a global pandemic, any company showing a whopping 65% increase in the number of buyers (this year) would be good news. To have such a strong growth number in a single quarter would be considered even better, and almost any company would take it. With Freelance Global Gigs (FGG) Low Cost Marketplace that outstanding growth in buyers, up over 65%, is from just the first eight days in April. That is very exciting and unbelievable growth. This shows that being integrated with a global newspaper will greatly help your business.
The number of buyers coming into one low cost Freelance Global Gigs (FGG) Low Cost Marketplace platform is exploding; the monthly number of buyers that have signed up with the FGG platform increased over 200% in just the month of March alone. We believe the large number of buyers are attracted by three facts about FGG:
- Buyers prefer Lower Cost.
- Buyers want True Global Resources.
- Connection to a Global Newspaper Increases Awareness of Freelance Services.
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 reviewing freelance gig platforms, the very first thing you consider is total cost, and if the platform hides the cost then move on. The large gig platforms charge as high as 27-28% of every dollar. In today’s internet, this is online robbery.
When the investment world went to the discounted platform, not only did they take market share from their more expensive alternatives, but they opened up new markets that greatly expanded the total investment market– especially in the total number of participants. We realize this is not an apples-to-apples comparison, but almost all markets expand when the costs to the individual participants are reduced.
When reviewing freelance gig platforms we recommend the first item you consider is total cost. Many of the large gig platforms charge very aggressive rates; some as high as 27-28% of every dollar. Thus, if you are working on a gig platform charging such a high rate, we would recommend that you consider a slow plan to migrate off it. Over time you should make more money. With every dollar you earn (everything being equal) the buyer and seller are paying double the transaction fees of low-cost gig platforms (only 12%). That is substantial, especially over several years.
India contributes around 40% of the freelance jobs offered globally. In 2018, a Paypal article claimed an amazing one out of four freelancers are now from India. The country’s freelancers dominate software and related fields with India supplying around 50% of technology-based global freelance gigs. India contains a very large size of Millennials within a 15 million person skilled professional market– the majority below 40 years of age.
The number of independent / freelance workers has increased steadily over the past twenty years in Germany, from half a million people in 1992 to over 1.3 currently within a population base that has barely grown.
Now the low-cost digital platform in Germany and the German language has created a crisis for the salaried traditional workers in Germany. With Germany historically a very protected labor market, the freelance gig providers have become very challenging to the entire traditional German work structure. Germany has traditionally developed their own Deutschland companies that often compete directly with large US companies such as Uber, forcing that ride share app to leave important and large German markets.
Communal News recently posted its 5,000th article, capping off a stunning rate of contributor and reader growth. With over 1,000 contributors signed up so far, the site has also had over 20,000 unique visitors and over 84,000 visits in the last 7 days alone! CN is published on Communal News, Google News and Facebook News– in over 100 languages and on social media.