SME Tech Summit Matt Barrie Freelancer PresentationPresentation Transcript
The Next Internet Revolution: Liquid Labour on Demand Turbocharging your business with online freelancers Matt Barrie Chief Executive Freelancer.com http://www.freelancer.com [email_address]
2009 The other 80% of the world’s population are about to join the Internet..
World population: 6.71 billion and growing
Number on Internet: 1.4 billion (21%)
Other 5 billion on an average wage of ~$1 to 5 USD a day
Growth rate of Internet users (2000-8):
Africa 1030%, Latin America 660%, Asia 363% vs. World 290%
55:1 relative income disparity with India, 22:1 in China
* Source: CIA World Factbook, 2007 estimates.
** Source: World Bank, 2006 estimates.
Country Population Labour Force Income/Day (USD) Literacy India 1.1B 516.4M $2.25 61-73% China 1.3B 803.3M $5.50 91% USA 0.3B 153.1M $123.00 99%
Only 21% of world’s population.
The rest are coming..
The Future Today Tomorrow Goods Services
More people in the world have capacity to provide labour than sell goods
eBay for Labour Connects small business owners with massive, global, highly skilled, online labour pool
1,120,858 users US$46M in work
How it works
What can you Outsource?
Website Design, IT & Software
Content Writing, Blogging
Data Entry & Admin
Engineering & Science
Product Sourcing & Manufacturing
Sales & Marketing
Accounting, Legal, Business Plans
Just about anything you can think of!
Small Business Owner Need a Website Need some new brochures Need to redesign my showroom Want better packaging Need to find a manufacturer for new product Sell more!
What can you Outsource? 15 Bids US$169
What can you Outsource? 21 Bids US$1266
What can you Outsource? 28 Bids US$1289
13 Bids US$1197
274 Bids US$61
8 Bids US$513
How big is this? Bigger than Amazon.com, Apple, Adobe in Bangladesh
The Revolution is Coming “ By 2015, US companies will move 3.3 million service jobs to offshore locations, accounting for some $136 billion in wages. Of this total, 473,000 jobs – or 8% of jobs in the information and communication technology sectors – will go offshore.” * * Source: Forrester Research (2008)
How BIG could this get? “ 160 million jobs, or about 11 percent of the projected 1.46 billion service jobs worldwide, could in theory be carried out remotely, barring any constraints on supply” * * Source: McKinsey (2008)
Turbocharge your business today!
Any skill set you need
No job too large or too small
Average job under $200
Any time of day – 24 x 7 x 365
Highly competitive marketplace
Reputation is managed by the exchange ensuring quality and reliability
Milestone payments through the exchange provides safety & surety of deliverables
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