Freelancing in Bangladesh: Outsourcing, Job Opportunities & Growth
Freelancing in Bangladesh: Discover the rise of freelancing in Bangladesh, how outsourcing works, top freelancing platforms, and essential skills for success. Learn how young professionals can build a career in online freelancing.
Freelancing in Bangladesh: Outsourcing, Job Opportunities & Growth
A large part of Bangladesh’s population is now young, and this demographic has the potential to significantly impact the country’s economy. Currently, people aged between 18 to 35 make up about 32% of the total population (Source: CIA – The World Factbook). This percentage is projected to increase to 40% by 2015-2016. When a country has a high proportion of young people, it is known as a demographic dividend or demographic bonus, often considered a window of opportunity for economic growth. However, if this potential workforce is not properly utilized, it could become a burden rather than an asset. One of the most effective ways to capitalize on this opportunity is by equipping Bangladesh’s educated youth with the skills needed for freelancing and online outsourcing.
What is Outsourcing and Freelancing?
Outsourcing
Outsourcing refers to the practice of contracting out specific tasks or projects to external organizations or individuals. This could involve delegating a portion or the entirety of a project. Many businesses opt for outsourcing to reduce production costs, manage time constraints, or access specialized skills. The most commonly outsourced tasks include IT-based services, such as:
- Web Development
- Software Development
- Writing & Content Creation
- Graphic Design & Multimedia
- SEO/SEM/SMM
- Data Entry
Freelancing
Freelancing is a type of self-employment where an individual works on a contractual basis for different clients instead of being committed to a single employer. Unlike traditional jobs, freelancers enjoy flexibility in choosing their work hours and the projects they undertake. Freelancers are not bound by office schedules and can work remotely.
Countries leading in freelancing and outsourcing include India, Ukraine, Brazil, Argentina, Indonesia, China, the Philippines, Russia, Pakistan, Panama, Nepal, Bangladesh, Romania, Malaysia, and Egypt.
The History of Freelancing
The concept of freelancing is relatively new in Bangladesh but has gained popularity over the last decade. Globally, freelancing started in 1998 with the launch of GURU (formerly SOFTmoonlighter.com), the first freelancing marketplace. This success led to the emergence of several other major freelancing platforms, including:
- Elance.com
- RentACoder.com
- oDesk.com (now Upwork)
- GetAFreelancer.com
- Freelancer.com
- Limeexchange.com
With the expansion of the Internet and digital economy, freelancing has become an increasingly viable career path for many in Bangladesh.
How Freelancing Works
If a company or an individual (Employer) needs to outsource work, they post a job on a freelancing platform. Freelancers then bid on the job by proposing their fees and expected time to complete the project. The Employer reviews the bids and selects the freelancer who best fits the job requirements. Once the project is completed, payments are made through various online payment gateways.
Common Freelancing Marketplaces
Some of the most popular freelancing marketplaces include:
- Upwork
- Freelancer.com
- Fiverr
- PeoplePerHour
- Toptal
- 99Designs
Prerequisites for Freelancing
To start a freelancing career, one must possess expertise in a particular skill. Additionally, the following are essential:
1. Strong Computer Skills
Having a solid foundation in computer applications and relevant software is crucial.
2. Proficiency in English
Most clients are non-Bengali speakers, so the ability to communicate effectively in English is a must. Interviews and project discussions are often conducted via Skype, Zoom, or other messaging platforms.
3. Understanding of Online Workflows
Freelancers must understand how freelancing platforms function, including bidding for jobs, negotiating contracts, and completing projects on time.
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Freelancing and outsourcing offer immense opportunities for Bangladesh’s youth. By developing relevant skills and leveraging online marketplaces, young professionals can earn a sustainable income while contributing to the nation’s economic growth. As more people in Bangladesh adopt freelancing as a career, the country is poised to become a major player in the global outsourcing industry.
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