Ekonomia

How are young people, professionals, Albanians becoming millionaires from home?

How are young people, professionals, Albanians becoming millionaires from home?

Dorian H. is a young Albanian who has so far earned 200 thousand dollars from working online for individuals and companies abroad. His profession is web development and he sells his services on the upworks platform for a fee of $ 75 per hour.

It is impressive that Dorian is still a young boy who has managed to earn a lot of money living in Albania. Like him there are hundreds of young men and women from Albania who sell their knowledge online. The profits for their online work are substantial going into the thousands and hundreds of thousands of dollars, in some cases.

The Upwork platform is an application that lists online professional jobs from around the world. During the pandemic period, registrations from Albania have increased significantly. The World Bank in a special report on the development of e-commerce during the pandemic noted that Albania had a high number of professionals who registered on the "upworks" platform.

The number of Albanians registered on this platform often exceeded that of developed countries.

Elda. An architect with 12 years of experience has earned 90 thousand dollars from her online work, according to data from the "upworks" platform.

Albanian professionals include various fields from IT services, architect, translator, managers, consultants, economists, IT engineers, etc.

Young Albanian professionals have generally received positive reviews from employers, because they provide good services for a not very high fee.

A young woman from Tirana is reported to have earned 60 thousand dollars from advanced data processing in excel. Her employers were amazed at the high quality of work in the short term.

Albanian professionals offer work for a fee ranging from $ 10 to $ 80 an hour depending on the degree of difficulty of the job. But for some services such as architecture and translation, Albanian professionals require much lower fees than their counterparts in the Region and in Europe.

The World Bank sees e-commerce as an opportunity not only for Albanian professionals, but also for Albanian companies that can sell their products in markets larger than Albania's small population of 2.8 million.

In a recent report, "Diagnosis of E-commerce in Albania" The World Bank said that quarantine boosted e-commerce globally and as everywhere in Albania businesses tried to adapt to the conditions they had towards an online trade, albeit truncated.

"In 2020, the COVID-19 crisis has led to a major impetus towards the digitalization of the Albanian economy. A World Bank Venture Survey for 2020 shows that 20 percent of Albanian firms surveyed have either started or increased their online business activity during the COVID-19 pandemic. "In a consumer survey, the World Bank showed that 55 percent of respondents said they had increased their use of the online shoppin since the onset of the pandemic."

* Received from Monitor.al