The Corporate world has its own language that non-business people cannot comprehend.
This technical terminology is called Jargon of the Entrepreneurs.
In earlier Times, when things were performed in the traditional manner, it was extremely imperative to be in a specific assigned place to learn and do practices.
Then gradually unconventional methods began to take hold, circumstances and events became such that Education and knowledge was not confined to one place, you sat at home and began to have access to the most aspects of the world.
And that’s exactly how another industry came into being in which you didn’t have to confine yourself to a place to work.
That is called freelancing in digital world .
After freelancing and remote jobs became a regular industry, the working style and language of the sector also became different from the general sectors.
Its called Jargon of the Digital world.
It is important for anyone working in the freelancing or digital world to be familiar with the language of this field.
Here are some major jargons,
●GIG ECONOMY
●GIG
●GIG WORKER
●BID / PROPOSAL
●NICHE
●MARKETPLACE
●PMB
●PROJET
●ASSIGNMENT
●PAYMENT STRUCTURE
●ESCROW
●TIME SHEET
●DEAD LINE
●MOCKUP
●REVIEW / FEED BACK
GIG Economy
GIG Economy is One of the most used term in freelancing Jargon.
On digital or freelancing platforms, offering flexible services for short periods of time is called gig economy. It can be done with a company or individually by connecting online. At the same time it benefits equally, to clients and to the worker.
Those who work on freelancing gigs are called contractors or short time partners.
For example, you installed a taxi driver application on your smart phone, created an account on it and provided basic information like name, phone number and bank account or credit card details, now you open the same app. Find a taxi driver as needed, talk to him, route and fare are fixed, and he arrives at your location ten minutes later, you travel, transfer money online via the same app, whatever the driver’s behavior, you took a half minute to write about driver’s behaviour and service.
You didn’t hire a permanent driver. No headache of monthly salaries , on the other side driver is also Woking freely.
Getting your taxi service from a company is called Gig Economy.
The freelancing work is done exactly in the same way.
GIG
Advertising or posting your work on freelancing platforms, like I am providing such services for some specific amount, this advertisement or posting is called gig.
GIG WORKER
Working on a gig is called a gig worker or freelance worker which is the same thing.
BID / PROPOSAL
When a client gigs his project in a marketplace or asks that I need some kind of freelancer or gig worker for a specific job, with a specific budget, then if you consider yourself eligible according to the job or project of that client. You will apply for this project according to the requirements terms, compensation, time and delivery, which is called bidding, submitting proposal and applying to Gig.
NICHE
Freelancing begins with a specific job, a specific service, a specific skill.
The department you choose according to your skill,
Then offer your service in that field, this is called Niche. It can be a topic. It can be a job, it can be a title of a website, topic of a website content, it can be a YouTube channel name, or topic if the Video. A
A specific topic of a blog, etc. is called Niche.
MARKETPLACE
A platform where a freelancer finds a client with or without a gig and a client finds a gig worker or freelance worker, is called a marketplace.
CLIENT
The person or company who takes your service is called a client.
PMB
On a market place, when bidding on a proposal or gig, there is a need to discuss further with the client on the acquisition, terms, etc. of the project, then the PMB or private message box is used as a messenger of job marketplace.
PROJECT
Whatever work the client assigns on the freelancing platform is called project.
ASSIGNMENT
And the project you get from the client will be called your assignment
PAYMENT STRUCTURE
After offering or taking services, Money is the second most important thing to be discussed , Money offered or taken for service.
So if you don’t know how to transact money with the client, or with the Freelancer , then no matter how expert you are, it doesn’t help. The worker has to ask that what is your budget? How will you pay?
If the work is longer, then you and the client already have a structure in mind, both have to agree on a money releasing procedure. It is called payment structure.
ESCROW
There is a working agreement between you and the client, in whom the working hours, fees, structure, etc. are fixed, so according to this agreement the client’s money is paid to a third party in the market place where This transaction will be temporarily secured, When the job is done, then the marketplace will deducts their commission from the client’s money and transfers the rest to your account.
TIME SHEET
When the contract to work with the client on a project will be according to the specified time then the client will track your time, there are different methods of time management and time tracking.
Time sheets are used to track and record this time data.
DEAD LINE
The final working time for handing over the completed project should be fixed before the escrow, fixed time from both ends is called deadline.
MOCKUP
The client is sometimes given a lure to take the project, which is called mock-up, which means making a small sample of the client’s desired work for free in advance. If so, it can be presented and told that I understand your project and can work accordingly. It can be a video, a photo, an article, etc.
REVIEW / FEED BACK
Freelancers advertise their gigs on many marketplace platforms, There are Remarks and stars showing with Gigs.
After getting the work done, client or freelancer writes their good or bad impressions on each others profile, which is called reviews or feedback.
These reviews are like tags. If they are bad, Then hope of good disappears. And if they are positive, more chances to get hired or appear as a trusted client.
