Five Tips for Success
It’s safe to say traditional employment structures have been changing. Gig work has presented an opportunity for those seeking flexibility and independence. Success in the gig economy relies heavily on self-discipline and flexibility. By implementing these tips, you can navigate the challenges and maximize the benefits of gig work.
Proactively Manage Your Finances
Income can vary from job to job and week to week on a gig income, so managing your finances responsibly is crucial to long-term success. You’ll need to set aside a portion of your earnings for taxes, savings, and emergencies.
Consider Multiple Gigs
While delivering food with DoorDash or Uber Eats may be lucrative in the evening, it can be slow earning during daytime hours. Look for a gig where you could earn during the day and get back to deliveries in the evening. Maybe you have a couple neighbors who could use a dog-walking service? Then the Rover app might be for you!
Track Your Mileage and Other Expenses
Whether you rely on a mobile app or pen and paper, it’s crucial to keep accurate mileage records. While delivery apps typically provide estimates, the number you log is often higher. Tracking your mileage becomes especially important when filing taxes because you can claim deductions for it. It’s not limited to just delivery drivers; other gig workers, such as babysitters, should also monitor their mileage. Although you can’t deduct the commute to and from work, you can claim mileage deductions for transporting children to and from school or activities.
Take Advantage of Rewards or Perks
While you won’t receive benefits often offered with full-time employment, many of the gig platforms do have small incentives. Whether it be discounts on health insurance, phone plans, or free Pandora music like Uber currently offers, it’s worth looking into. And check back in occasionally for any changes or new rewards.
Invest in your Skill Set
Identify trends in your industry and invest time in learning new technologies or acquiring skills as this could open opportunities for higher-paying gigs. Consider online courses, workshops, or networking events to stay informed and connected.
Palo Magazine
