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Elance: Not for Beginning Freelancers – Yahoo Voices –

Elance can be a fascinating, half-eBay, half-classified ads job site. In the Elance Marketplace, service “providers” are linked with job “buyers” by using a basic message board-like interface, that permits buyers to publish projects as well as for providers to investigate same projects and bid to find the job.
There are various freelancing categories on Elance, including Writing and Translation, Programming and Software Development, Logos, Graphic Design, and Illustration, Website Design, Business Design, and “Other”.
Buyers post projects–for free–and providers investigate various projects. Providers then describe why these are best person for the position, often attaching examples of previous work, and after that bid on the project, describing how long the work will take at the same time.
Then the purchaser decides.
Providers can make a basic profile about themselves or their business, and make up a Portfolio of past client work, in order that potential clients can watch their develop Elance and elsewhere.
While posting projects cost nothing for Elance buyers, for providers there is often a membership fee. While the lowest priced option is only $11 each month, by way of example, for any “Limited” membership, many Elance buyers usually work with “Limited” providers, choosing “Select” providers only. A Select provider membership starts at $69 each month, although once a year membership runs $349. For this fee Select providers can invest in “sealed” bid projects (Limited and Professional members cannot); on many occasions, probably the most lucrative projects are posted as Select projects. In essence, looking for the lower-cost option on Elance will limit you skill to offer the best clients.
Since 2004 I have earned greater than $80,000 on account of Elance. While technically I have earned $15,400 in line with my Elance profile, I’ve found clients on Elance with then converted into non-Elance clients. In one case, I went from 10 hours each week as a writer for starters client’s web site to working 40+ hours a week for them for eight months. In other cases, I acquired long-term website writing, SEO writing, and program testing projects.
Elance not merely charges a subscription fee, additionally, they charge between 6.75% to 8.75% on the project total towards the provider. In other words, in the event you win a $200 project, $13.50 to $17.50 goes directly to Elance. There can be a minimum $10 fee likewise, so smaller projects, like a $50 article, will likely be charged a $10 fee over top.
Like eBay, buyers and providers provide feedback per other. Elance rates on the 1 in order to 5 scale. I currently hold a 5.0 rating, and several buyers will only use providers using a 4.8 in order to 5.0 rating. Performing quality efforts are key to maintaining an increased rating.
Elance assists in writers, website designers, and software and business consultants with a reasonable effort under their belt, and who will build a strong portfolio to find clients. A complete beginner to freelance writing, as an illustration, will find it hard to find clients on Elance. Most buyers need to see some work samples before considering a provider.
At the same time frame, in a few categories the values for projects are incredibly low. Keyword articles, as an example, in many cases are priced at $2-$4 per article for the batch of 100 articles. Even a well-seasoned professional takes 10-12 minutes to create a 400 qord keyword article; between writing, saving, uploading, and client communications, at best a $2 per article rate would yiled $9-$10 hourly for the work, pretax.
Providers from Romania, India, and Pakistan have flooded Elance, and will often underbid U.S. and Canadia providers on account of cost of living differences. On the other hand, some buyers will not work with non-U.S. providers for a number of reasons. When looking at project bids, bare this phenomenon planned.
I recently grabbed a ghostwriting book problem for over $3,000 on Elance; the project helps keep me busy for part from the summer, and a topic I already enjoy. This is work I could have never found without Elance. The buyer can be found in a different part in the country, and in many cases through professional contacts I could have never connected with him to execute this fascinating (and remunerative) Elance work.
Elance is a great tool for freelancers, but I wouldn’t recommend it for complete beginners. Use it to be a second step after making sales to Associated Content or Constant Content, and keep in your mind that the competition may be brutal. Bid fair rates, do quality work, and obtain your completed project done prior to official deadline to keep a superior buyer rating, and Elance works well to suit your needs.

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