Small Business Labs

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Jinglesmart - Online Project Marketplace for the Jingles Industry

Small Business Labs

According to Staffing Industry Analysts , the online staffing industry is now about a $1billion dollar industry that's growing at "double-digit" rates.    The best known of the firms in this industry are probably oDesk and Elance.

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Online Talent Marketplaces Continue Rapid Expansion

Small Business Labs

There are several interesting new data points on the increasing use of online talent marketplaces like Elance-oDesk, Freelancer.com, etc. work reports from Elance-oDesk, which recently merged. The chart below, from the Elance-oDesk reports, highlights the relative strong growth on online job listings.

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Businesses Hiring More Freelancers

Small Business Labs

No doubt not by coincidence, the company that sponsored this research - Elance  - recently announced a tool to help mid-sized companies do just that.  Elance's announcement came shortly after MBO Partners (an Emergent Research client) and Work Market announced a similar offering called The Managed Contractor Cloud.

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Startups and the Growth of Online Staffing

Small Business Labs

Online staffing firms and marketplaces like Elance, oDesk and Freelancer.com continue to report substantial growth in jobs posted, jobs placed and money paid to service providers.   Elance recently reported that over $750 million has been spent on its platform and they are over 3 million registered freelancers.

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The Verticalization of the Gig Economy

Small Business Labs

One clear signal that an industry is expanding is when participants start to specifically target niche, specialized or vertical market segments. This industry started with generalist sites like Elance that connect a wide range of workers with people looking to hire help. . 

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Excellent Presentation Explains Online Talent Marketplaces

Small Business Labs

.  It also describes the rapidly growing and diverse online talent marketplace industry. Online work arrangement platform (OWAP) is Andrew's fancy term for online talent marketplaces like Elance-oDesk, Freelancer.com, etc.  He explains all this in the presentation.

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The Growing Role of Technology Based Talent Intermediaries

Small Business Labs

The Two Sides of MBO Partners: Things May Not Always be What They Seem is an interesting article from Andrew Karpie from the Staffing Industry Analysts.   The author calls MBO Partners a "work arrangement intermediation platform" that share traits with the online staffing firms like oDesk and Elance.

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