The unequaled growth of Gig Economy has generated more and more independent work professionals over the recent years. The increasing availability of freelance manpower is definitely an encouraging sign to every employer. This completely takes out the geographical barrier, which is a fascinating aspect that drives professionals here. On the whole, freelancing platform simply brings talents and businesses together seamlessly.

It takes profound research and adaptation for setting up a Freelance Marketplace Platform. Here the business model of the marketplace and some crucial website functionalities has listed down.

Business Model

Only a proper apprehension of business model will lead to effective website making. Hence, Business Model is described below:

One who is registered himself as an employer/provider can readily post a job/project. Along with which he must provide the job description, completion period, and the budget limit. A freelancer/customer can browse through the jobs posted or even can search for a particular job using the categorized filters. A freelancer who is a registered member of the website alone can bid for a job. Their details must be submitted along with their proposal, including time and cost estimation. Employers can review those set of information along with their ratings and reviews. Once done with the selection, employers can set the interaction up with the freelancer, discuss terms and get everything unfolds.

Revenue model

If you’re wondering about the ways to standardize revenue options, then this might certainly help.

Project listing fee:

For one to post or list jobs/project, listing fee should be paid to the administrator of the site.

Commission fee from Employers & freelancers:

The administrator will be paid with a certain amount as commission from the employer for choosing the best-fit freelancer. The same will be followed with freelancers too, once they win the project bid from the employer.

Advanced search:

You wouldn’t have come across any freelancing website without this basic function. Here employer and customers should find each other easily. Projects should be listed based on the category, sub category, skills, experience, budget, and location.

Project management:

For an administrator, it’s quite essential to keep an eye on the proceedings. The PHP Script is developed in such a way to allow an admin to flag, edit, approve, disapprove or suspend a project. At times of dispute, an admin has to step up with appropriate measures to keep things at bay.

Ratings and review:

This is the most important to give a wider stance for the employer to choose between several freelancers. Employers who worked with freelancers can be allowed to add reviews and ratings, which should be displayed right up in freelancer’s profile. It may be useful for the employers to find their trustworthiness and adeptness. Likewise, freelancers shall also be allowed to add the same things for the employers, so that other freelancers might get to know their expectations, attitude and working style.

Payment gateways:

Everyone, looking forward to starting an online business will very much be careful of this particular element of business. Your objective should be on developing a flexible one. One size fits all approach is what’s needed here, a powerfully integrated payment gateway with numerous service providers will be more than useful.

After an essential research of current market trends and developments, NCrypted Websites has developed a Freelance Software – Nlance. We have built this PHP Script with extremely useful features and functionalities. With this ready-made script, one can kick start their Freelancing Marketplace Platform. Also, we help you personalize your business by providing valuable customization benefits as well.