- 올인원 프로필링크, 리틀리
- 세상 쉽고 깔끔한 페이지 만들기 리틀리
Many office workers dream of transitioning to freelancing. While freelancing offers flexible scheduling and the potential for higher earnings, it requires consistent marketing and sales efforts to ensure a stable income. Many hesitate to make the full leap to freelancing but utilize talent marketplace platforms to build a foundation by taking on side jobs. Talent marketplaces help freelancers generate revenue, but users often complain about high commission fees. Today, we'll introduce talent marketplaces with lower commissions to help you maximize your earnings.
Key Takeaways for Today
- What is a Talent Marketplace (Platform)?
- Brief Reviews of Key Talent Marketplaces
- Selling Your Talent While Avoiding High Commissions
- Platform Sales Commission Comparison
- Why You Should Look for Platforms with Lower Commission Rates
- Conclusion
What is a Talent Marketplace (Platform)?
To generate additional income through side jobs or freelancing, you need to promote yourself to attract clients. In Korea, platforms like Kmong, Soomgo, and Talin are commonly used for this purpose.
A talent marketplace is a platform that allows individuals with specific talents or skills to share and trade their abilities online. Users can create personal sales pages following the platform's guidelines and generate income at a low cost. Businesses and individuals seeking cost savings are the primary buyers. Most transactions are one-time; for example, a seller who enjoys writing can leverage their writing skills to provide services like blog post creation or website content editing, earning income in the process. In this way, freelancers have the opportunity to utilize their talents and generate a stable income.
Brief Reviews of Key Talent Marketplaces
Let's briefly review the major Korean talent marketplaces, Kmong, Soomgo, and Talin. While various other platforms exist, we've selected these three as the most prominent. Although all platforms are considered talent marketplaces and offer open access, they each have distinct characteristics.
Kmong, Soomgo, and Talin Introduction
Kmong is a platform frequently used to sell creative talents like design asset creation, video production, and coding. Due to high seller competition, the selling price tends to be relatively low on this platform.
Soomgo offers many of the same services as Kmong but is primarily categorized as a face-to-face talent marketplace. It focuses on services like vocal lessons, language exchange, facility and equipment maintenance, and moving, where talent is primarily sold in person. The pricing on Soomgo tends to be higher compared to Kmong.
Unlike Kmong and Soomgo, Talin concentrates on selling talents related to lectures and one-day classes, such as makeup, vocal lessons, professional training, and photography. Since the platform is specifically focused on lectures and educational services, its talent selling scope is narrower than Kmong and Soomgo but is considered more in-depth.
Sales Commission Comparison
When reviewing the commission policies, you'll notice that in addition to platform usage fees, various other charges like VAT, payment gateway fees, and more are deducted as commission. Some platforms also withhold income tax before depositing the funds.
- Kmong
Kmong utilizes a tiered commission structure. For frequently traded price ranges, a 15% commission is applied, and the commission decreases as the transaction amount increases. For example, if you sell a talent for 3,500,000 won, the seller will receive 3,260,000 won in revenue based on Kmong's sample commission structure.
Kmong Sales Commission and Revenue Calculator
- Soomgo
Soomgo also employs a tiered commission system and utilizes the concept of 'credits.' When a buyer sends a service request, experts in each field must deduct credits to reply and send the request. These credit costs are said to be quite substantial.
<Soomgo Sales Commission Guide>
Soomgo's official sales commission guide indicates that for a transaction of 700,000 won, the final settlement amount is 634,500 won. This is in addition to the separate credit charging costs.
- Talin
Talin's sales commission is structured differently depending on the class type. Online and offline one-day classes are subject to a 15% commission, online and offline multi-session classes to a 14% commission, and e-books and recorded video classes to a 20% commission. Similar to Kmong, VAT is additionally levied, and 3.3% income tax is withheld before deposit.
If you generate 700,000 won in revenue from selling e-books or recorded video classes on Talin, 7,000 won in VAT (10%), 140,000 won in brokerage commission (20%), and 18,249 won in income tax (3.3%) will be deducted. The seller will ultimately receive approximately 534,751 won.
We've examined the sales commissions of major Korean marketplaces. As you can see, in addition to the commissions themselves, various additional deductions apply, which can lead to significant dissatisfaction among sellers regarding their profitability. Even if sellers want to set higher prices, they face limitations on the talent marketplace platforms due to the competitive nature of the market. If prices are set too high, it becomes difficult to attract buyers, which is another disadvantage for sellers.
Selling Your Talent While Avoiding High Commissions
: Littly, an All-in-One Platform for Creators to sell your talent!
: Littly's Talent Sales Commission: 2% to 5%, PG Payment Gateway Fee: 2.9%
While major Korean talent marketplaces are crucial tools for freelancers to secure commissions, their high commission fees raise concerns about their long-term viability and can lead to reduced engagement with buyers.
The Littly platform offers creators a low sales commission of 2-5% when selling their talents. You can receive commission discounts based on your accumulated sales. For a 100,000 won sale, you'd earn 91,310 won. (Littly's commission rate is not applied based on the selling price but rather on accumulated sales. If you've consistently generated high earnings on Littly, you can benefit from commission discounts.)
* Sellers are responsible for filing and paying income tax and VAT on their durumis sales.
The Littly platform allows you to sell your talents and products with a low sales commission of 2-5% and a payment gateway fee of 2.9%. You can sell your products through your own website and drive traffic to the purchase page through social media integration.
Why You Should Look for Platforms with Lower Commission Rates
The reason freelancers utilize platforms with lower commission rates is that it allows them to earn more, propose projects at competitive prices, and secure more project opportunities. However, when choosing a platform with lower commission rates, it's crucial to consider its trustworthiness. Littly addresses these needs. Littly adopted a nearly commission-free policy to resolve the issue of high commissions prevalent in traditional freelancing platforms and is atrusted service used by over 40,000 clients, including Samsung Fire & Marine Insurance and Kakao Pay.
Conclusion
Freelancers have limited time to sell their talents, and instead of focusing on selling more talents in the same time frame, it's better to maximize the profit from each transaction. By maximizing profit per sale, you can focus on providing higher quality talents, not just quantity. The resulting high-quality talent fosters market competitiveness and enables you to command higher prices for your talents.
To achieve competitive buyer acquisition, Utilize Littly, a platform with low sales commissions for your talent sales. Compared to other talent marketplace platforms, Littly's remarkably low sales commission supports high earnings for numerous freelancers and creators in the talent selling market!
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