In a rapidly evolving job market, real estate mogul and reality TV star Ryan Serhant presents a compelling vision of the future; by 2027, he predicts over 50% of the U.S. workforce will be part of the gig economy. This shift, as Serhant describes, is not just a trend, but a transformation in the fundamental structure of our working class. Online financial lending options are becoming increasingly sought after as more Americans shift into entrepreneurship and offering individualized services. 

Read on as TAG discusses how online financial lending remains vital as we shift into a gig economy structure.


What Exactly is a Gig Economy? 

From Serhant’s perspective, a gig economy is a landscape where individuals are increasingly earning as independent contractors across diverse sectors like sales, consulting, and even niche markets such as medical equipment sales. This model of work differs markedly from traditional full-time employment, emphasizing flexibility, autonomy, and often, entrepreneurial spirit.

A significant driver of this shift, according to Serhant, is the impending debt crisis – be it student loans, credit cards, or mortgages. This economic pressure is nudging more individuals towards freelance and contract work, roles that often offer better control over income and work-life balance.

But the gig economy isn’t just about flexible work; it’s about a fundamental skill: the ability to sell. Serhant emphasizes that selling is an essential skill for success in this new economy, regardless of the field. His own journey, from entering the real estate market at a challenging time (coinciding with Lehman Brothers’ bankruptcy in 2008) to becoming a successful salesperson, demonstrates the importance of being able to sell not just products, but oneself and one’s skills.

This economy, powered by freelancers and small business owners, isn’t a fringe element of the market but is becoming the backbone, providing liquidity and dynamism to the broader economy. These small businesses and independent contractors are vital cogs in the economic machine, supporting larger institutions and industries.

Embracing the Gig Economy 

The message is clear: the gig economy is not a temporary blip but a long-term shift. It represents a new working class, one that values flexibility, entrepreneurial skills, and, above all, the ability to sell – not just products – but ideas, skills, and personal brands. This economy is redefining success, challenging traditional career paths, and reshaping the future of work.

Serhant’s insights offer both a roadmap and a call to action. To thrive in the gig economy, one must be adaptable, entrepreneurial, and ready to embrace the art of selling – skills that will define the new working class.

Listen to the full podcast episode as John Lee Dumas of EOFire interviews Ryan Serhant here.

Online Financial Lending to Support the Gig Economy

As we consider this new gig economy, another critical aspect comes to the forefront: the need for flexible financing options for entrepreneurs. In 2024, the landscape of online financial lending has evolved in preparation to meet this potential demand. With more individuals venturing into independent contracting and small-scale entrepreneurship, the traditional models of financing are no longer the only options available.

Innovative online lending platforms like The Accredited Group (TAG) have been around for decades, offering more adaptable and accessible financial solutions to these gig economy workers. Through years of experience, TAG has grown to understand the unique challenges freelancers and small business owners face, such as irregular income streams and the need for quick, short-term loans. This shift in financial services is not just a response to the growing gig economy; it’s also a catalyst. By providing the essential fuel for these ventures, entrepreneurs can now start and grow their businesses.

Serhant’s vision of a workforce dominated by independent contractors and small business owners highlights the necessity for these modern financial solutions. Just as selling skills are crucial in this new economy, so too is the ability to secure financing that aligns with the dynamic and often unpredictable nature of gig work. The rise of online lending platforms is a testament to the financial sector’s adaptability, offering a lifeline to the increasing number of gig economy workers who are reshaping the traditional workforce.

The synergy between the gig economy and these innovative financial services signifies a broader economic transformation. It’s a world where success is increasingly defined by one’s ability to navigate the freelance landscape, harnessing both the skill of selling and the tools of modern finance.

How to Get Started with Online Financial Lenders

Are you inspired to embark on a business venture in the dynamic gig economy? Discover the financial support you need with TAG Online Financial Lending. Our flexible financing options are tailored to the unique needs of entrepreneurs like you. Whether it’s a startup dream, equipment financing, commercial property loans, or expanding your freelance business, TAG is here to help you secure the financing that aligns with your aspirations.

Reach out to us at TAG today and take the first step towards realizing your financial goals and vision.