Idea #



Finance App for the Gig Economy

June 13, 2018

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Backstory: About a week ago, I took an Uber in downtown Baltimore. I always try to talk to my driver. Sometimes they don't feel like talking and I stop there. Other times, It makes for a great conversation.

Anyways, this Uber driver ended up asking what I do for work. I told him that I was a consultant, but that I was starting an email newsletter for entrepreneurs and sending out free startup ideas.

I asked him if he had any ideas, and I got a good one...he said something like this:

"I am an Uber driver, a Lyft driver, and I even do some freelancing on the site. Lots of gigs. I spent a lot of time keeping track of the tasks I do and the money earned from various sites and sources. It's a pain. It would be awesome if there was an app that automatically aggregated my different sources of income and put it into one spreadsheet."

I thanked him for such a great idea, and asked him if I could put this idea in my newsletter. So thank Jeremy for this idea!

Deep Dive:
The market for this is growing. A lot of people are working for themselves now and doing multiple things to make a living. Here's some possible features of this app:

  • Integration and support for popular gigs like Uber, Lyft, Upwork, and even mTurk
  • Mobile-friendly site and accompanying app.
  • One-click export of all data. The app should be able to export all of this data into a spreadsheet.

Validation: The gig economy is growing fast and this came from a real gig worker.

Monetization: You could do the freemium route here, offering tracking for one job for free and charging a small monthly fee for multiple jobs.