Business

Hire.Bid uses gig economy to flip professional services marketplace on its head

gig economy
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Making full use of the gig economy Hire.Bid launches its professional services platform to improve the way people find and hire high-end professionals.

The service economy is immensely important to the US economy. In the US, services account for 80 percent of the economy. With such high numbers of professionals involved, traditional marketplaces encourage these workers to bid lower and lower prices to win freelance contracts from clients online.

By adding the gig economy into the mix, Hire.Bid looks to change this process by increasing the quality of the experience for everyone involved.

gig economy

“Over the past 20 years, the number of gig economy workers — those who operate as independent contractors, often through apps — has increased by about 27 percent more than payroll employees,” according to CNBC’s number crunchers.

Hire.Bid’s proprietary system incentivizes professionals to perform their best for clients and allows those same professionals – even if employed – to make money by auctioning off their spare time. The platform inverses the traditional model where professionals race to the bottom with low bids (and resulting low service), instead allowing clients to bid for the services of high-performing professionals.

“Our unique patent-pending model, which flips the traditional model on its head, works for hiring the most in-demand professionals, and coupled with our proprietary ratings system, results in a system that benefits both professionals and clients,” explained Founder and CEO Neil Sandhu.

Having personally seen the inefficiencies in the marketplace for services, Sandhu taught himself software development and founded Hire.Bid. He realized that the marketplace experience could be improved by creating a platform that harnesses the efficiency of the Internet while rewarding the best performing professionals.

By creating a true on-demand marketplace for services – instead of clients posting projects, professionals can now offer their time on auction to be bid on by potential clients.

While more traditional marketplaces often employ a “walled garden” approach where the website controls the connecting of professionals and clients, resulting in inefficiencies, Hire.Bid uses a unique model to create a more efficient and transparent market that connects professionals and clients.

“Anybody looking to hire a professional for a gig or project, from programmers, to lawyers, to accountants, finance professionals, consultants, and many more will love what we have to offer,” added Sandhu. “Users can test drive professionals without making expensive commitments, and professionals don’t have to focus on undercutting rivals.”

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Tim Hinchliffe
Tim Hinchliffe is the editor of The Sociable. His passions include writing about how technology impacts society and the parallels between Artificial Intelligence and Mythology. Previously, he was a reporter for the Ghanaian Chronicle in West Africa and an editor at Colombia Reports in South America. tim@sociable.co