In an economy where many people are still losing their jobs as others find it hard to keep new ones, the world of freelancing is looking up on Elance. The huge online outsourcing site has been developing year on year and its latest figures show how popular freelancing is becoming in the current climate.
According to the site’s own figures, the fourth quarter in 2010 saw Elance freelancers rake in more than $27 million US dollars. This represents an increase of around 38% on the same period in the previous year. In addition to this, previous figures for the second quarter in the same year showed total earnings of $23 million US dollars. This was a full 45% more than the providers on the site earned the year before.
The most interesting thing here will be whether the growth continues as the economy gradually improves and jobs are more readily available again. While some people are undoubtedly filling the gap between jobs by doing some freelance work, others may be focusing on maintaining their new career courtesy of Elance.
Elance has also recently reported that finding work online is becoming more and more popular, with growth bucking the more disappointing trend in other areas. It would seem as if Elance, as one of the leading places of its kind online, is enjoying record growth thanks to the general state of the economy and the jobs market elsewhere. It looks set to continue as well.