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Web-Based Business Strategies and Monetization Models
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Why Micro-Entrepreneurs Choose To Earn a Living By Monetizing Their Own Skills, Know-How and Assets

Why Micro-Entrepreneurs Choose To Earn a Living By Monetizing Their Own Skills, Know-How and Assets | Online Business Models | Scoop.it

Robin Good: What is it that drives an increasing number of people to develop small, micro-businesses online instead of looking for the next best-paying position inside a company?

The online creative crowdsourcing community Fiverr asked its users, who offer all kind of skills and services for a base fee of $5, and got some interesting responses.


From the original article at Co.Exist:


"The micro-entrepreneurship economy--an economy that allows people to make money off their skills and assets--is rapidly growing, led by an army of freelancers and fully employed workers who want to make extra cash on the side.


86% of respondents are looking for job independence.


80% are frustrated with the 9 to 5 grind. The top six frustrations: lack of freedom, not making enough cash, working regular business hours, reporting to a manager, commuting, and boredom.


72% of respondents say their primary motivation for joining Fiverr is the money.


40% of users started using the service to have fun while making money, and 32% are hoping to gain more professional experience.


Some people aren’t straying far from their day jobs--42% offer skills that they also use in their full-time job.


But 35% are angling to monetize a hobby."



Informative. Interesting. 8/10


Read the whole article: http://www.fastcoexist.com/1680092/why-people-want-to-be-micro-entrepreneurs 

(Image credit: African Entrepeneurs in the 21st Century - Guludo

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Micro-Entrepreneurs' Herald a New Frontier of Economic Sustainability

Micro-Entrepreneurs' Herald a New Frontier of Economic Sustainability | Online Business Models | Scoop.it

Robin Good: If you, like me, are a small online entrepreneur-publisher, not after venture capital, but interested in building a high-value information service that can effectively help people solve a problem out of your own expertise, know-how and passions, this article is a definite must-read.


Jamie Wong writes: "...the discontented worker leaves behind the “security” of a corporate job in favor of his or her passions--is a new and growing behavior in post-industrial countries, particularly in the United States, Europe, and Australia.


The media has named the growing trend toward micro-entrepreneurship “the Rise of the Creative Class," “the Gig Life," or "the freelance economy.”


...


...there’s one stark difference between micro-entrepreneurs today and the “Free Agent Nation” citizens of the late '90s: technology."


...


This new freedom economy is working because it’s good for economic growth, and it’s growing because it can lead to better lives.


But this technological revolution that enables greater autonomy and flexibility will also require a humane infrastructure to survive. (The article details which ones specifically).


...


"New companies that empower individuals to become micro-entrepreneurs not only stimulate the economy by creating new revenue streams and disrupting outdated models of business, but provide individuals access to more fulfilling, rewarding, and authentic lives."


Excellent read for individuals wanting to build a truly valuable service online to help others while creating their own sustainability.


Highly recommended. 9/10 


Full article: http://www.fastcoexist.com/1679903/the-rise-of-the-micro-entrepreneurship-economy 

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