July 29, 2015
Chicago based ConceptDrop has realized the potential of the freelance economy and is working to create equal opportunities for talented freelancers, by connecting them with clients who need their skills.
The Bureau of Labor Statistics (BLS) recently reported that self employment only rose 0.9% between 1998 and 2013, but most other data contradicts that. For example, the percentage of Americans filing individual tax returns with self-employment income increased from 10.5 percent in 1998 to 12.5 percent in 2013.
In the fall, we reported that there are currently over 54 million people in the United States who identify themselves as freelancers. They make up about 34% of the country’s workforce and that number is expected to double by 2020, according to WorkMarket cofounder Jeff Wald.
ConceptDrop pairs up talented, vetted, freelancers with the clients and projects that can best use their expertise. They have a large network of freelancers, and based on a particular client’s needs, they use their private algorithm to do the matchmaking.
“If you look at the labor market, there’s a clear trend where everything is moving towards a freelance economy,” said Phil Alexander, CEO and co-founder of ConceptDrop. “We’ve been building out this network of freelancers … and we found that the talent is equally distributed everywhere. But opportunities aren’t created as equally. We found that there are some designers in faraway places that have the same skill set as a designer that’s based here in Chicago.”
Potential clients only need to provide a brief outline of their project’s design requirements and they will receive a quote upfront. Since many of the freelancers in their network are outside the United States, ConceptDrop also guarantees speedy expediting.
ConceptDrop was founded in 2013, and are a graduate of LaunchHouse, an accelerator in Cleveland. In the short time they’ve been around, they’ve worked with over 100 clients and have raised over $300,000 in funding.
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