The Rise of Asian Freelancers - by Dipesh Garg (Truelancer.com) How Asia is growing as a super power of skilled workforce.

1. The Rise of Asian Freelancers
By Dipesh Garg
Founder, Truelancer.com

2. The Payoneer Forum - New Delhi
Why Freelancing?

3. The Payoneer Forum - New Delhi

4. Extent of Freelancing in Asia
34%
16%14%
13%
8%
9%
6%
How do Freelancers get Jobs?
Referrals
Portfolio Websites
Social Networking Sites
Online Job Boards/Sites
Personal/Professional Blog
Advertisements & Cold Calling
Contests & Other
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5. Extent of Freelancing in Asia
$0
$5
$10
$15
$20
$25
$30
Asia India
Average Hourly Rate
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0
200
400
600
800
1000
1200
US India Rest of Asia
$0
$50
$100
$150
$200
$250
$300
$350
No.ofFreelancersThousands
TotalEarningsinUSDMillions
Earnings No. of Freelancers

6. Growth in terms of Avg. per Capita Income
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0
5000
10000
15000
20000
25000
30000
35000
40000
45000
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
Avg.perCapitaIncomeinUSD
India Asia United States

7. What to expect in Coming years?
0
10000
20000
30000
40000
50000
60000
70000
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060
Avg.percapitaIncomeinUSD
India Asia United States
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8. The Payoneer Forum - New Delhi

9. Future Plans of Freelancers
24%
38%
30%
8%
"Always solo Freelance"
"Open a Small business"
"Generate income from other solo works"
"Return to Full time employment"
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10. The Payoneer Forum - New Delhi

11. What do these stats predict?
In next 5 years, India and other parts of Asia will be
ruled by Small Businesses driven by Freelancers and
not giants like Infosys.
Asia will grab more than 65% market share in the
$15B Freelance market with India leading at 45%
share alone.
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12. The Payoneer Forum - New Delhi

13. Challenges faced by Asian Freelancers
• Language Barrier
Freelancers from countries like
China, Indonesia and Russia face
problems communicating with
English users.
Asia has the highest number of
English using people with over 250
Million users in India, Pakistan and
Philippines alone.
But the sweet part is…
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14. Challenges faced by Asian Freelancers
• Currency Exchange and Marketplace Fees
 Direct Transfer to Indian Bank A/C. (Save Paypal fee)
 Indian Freelancers transact in INR so no Market Risks of Currency Rate
fluctuations in Long term projects.
 Higher Commission rates/Fees of major Freelance Jobs
Marketplace.
 At Truelancer we charge as low as 3% commission which is also the
lowest in the Industry.
 Low currency conversion Rates by Major payment players
like Paypal.
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15. Challenges faced by Asian Freelancers
40% Freelancers report having trouble getting paid the
wages they’re owed.
80% of them were paid Late.
Avg. No. of Days their payment was delayed?
52 DAYS
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16. What Next ?
• Build Online Reputation.
• Become Flexible & form Virtual Teams
online.
• Collaborate and work as partners.
• Focus on Brand Building, It goes long
way.
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17. @Truelancer
• Join now & Start early.
• Post Services and Sell 24x7.
• Invite your Network & Build Reputation.
• Deliver work & Get Paid.
• We secure your Work & Payment
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Get started at www.truelancer.com

18. Thank You
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Get started at www.truelancer.com
Reach me @
dipesh@truelancer.com
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