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[Guide] Web/SEO/PPC/SSM Clients from Contract Work Marketplaces (Elance, Odesk & More)

Discussion in 'Making Money' started by beazt, Jan 19, 2012.

  1. beazt

    beazt Power Member

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    Early last year I started using Contract Work Marketplaces like Elance, Odesk etc. to get projects. I was mainly looking to build a good portfolio for Web Design & Development, SEO, PPC & SMM Services.

    Pretty soon two things became clear:
    1). Money can be made from large projects with good budgets
    2). The competition is stiff, and the trick to get projects comprises of bidding low (sad but true:(), building up your reputation (not less than 4 star ratings in any case).

    Just listing some relevant information in case any forum member is looking to experiment with such marketplaces for getting work.

    Most Contract Work Marketplace can be divided into two categories:

    Level 1: (Recommended)
    • Medium to Large Projects
    • Projects Budget ranging from $100 to $5000+
    • Stiff Competition from other Service providers/Bidders

    The Level 1 Websites:
    • Elance
    • Odesk
    • VWorker
    • Project4Hire
    • Guru
    • Scriptlance


    Level 2: (Not Recommended)
    • Small to Medium Projects
    • Projects Budget ranging from $20 to $300+
    • Low Competition from other Service providers/Bidders

    Level 2 Websites:
    • Freelancer
    • Twago
    • Peopleperhour
    • Freelancers
    • Directfreelance
    • Livework


    A few words about the nature of projects/clients:

    The fact is that there are few genuine clients. Let us say that 100 projects are posted a day on Elance. The closing rate would be only 20%, or only 20 out of 100 jobs would actually be filled.
    Obviously there are other reasons behind this ? for instance not getting the right proposal etc. But even counting all that, there are still a lot of people who posts projects just for cost estimation.
    And from those left real prospects, the vast majority would want the world for under $100.
    Hence, the best approach when bidding is to observe which clients are actual bidders and only then investing your time & resources in trying to win the bid.


    Bidders/ Competition/Other Service Providers

    There is some good news here, surprisingly. Although the completion or rather the volume of competing bidders is high, there are few genuine bidders here too. In other worlds, most of them are either teenager with skills looking to make few quick bucks ? or those freelancers who don?t have a proper ?set-up?.
    On quality projects in your niche, it will usually come down to competing with a set of established players over and over again. So tricks like Bidding first, sending an impressive proposal, bidding low while ensuring quality etc. helps you win the contract.


    Basic Preparation before starting to place bids for winning contracts:
    • A completely filled Profile with portfolio, About Us content, certifications (if any), etc.
    • Payment Methods to be accepted
    • Payment Schedules to be accepted (ex ? how much to charge in advance and how much based on milestones)
    • Communication Modes available for clients: (ex- skype, phone, email etc.)
    • ExpertsRating Test: This really impresses the prospective clients. ExpertRating is basically a sort of Independent Authority to test & rate the skills of workers. This is important since an Employer has very little to verify the actual skill level of a worker in such open marketplaces. Clear as many as you can and score as high you can. Use them as your Bragging rights :D

    Recommended Approach
    Based on personal experience, it is best to start out with 2 or 3 Marketplace, establish a stable lead source and then move on to other places. The goal during the first month would be to build 5 star ratings, and then increase sales each month incrementally. I have seen guys bid for a $10 project to submit 25 Social Bookmarks, deliver over and above what was promised, get 5 Star ratings ? and then bid for bigger projects.


    Membership & Bid Details:

    Code:
    www.vworker.com

    Membership Fee: Nil
    Bid Limit: Unlimited
    ExpertRatings Test Required : Yes

    Code:
    www.odesk.com

    Membership Fee: Nil
    Bid Limit: 20 Per Week
    ExpertRatings Test Required: Yes

    Code:
    www.elance.com

    Membership Fee: $20 for 40 proposals Monthly
    $40 for 60 proposals Monthly
    Bid Limit: Depends on membership level
    ExpertRatings Test Required: Yes


    Code:
    http://www.project4hire.com

    Membership Fee: $26 Annually
    Bid Limit: Unlimited
    ExpertRatings Test Required : Yes

    Code:
    http://www.scriptlance.com

    Membership Fee: Nil
    Bid Limit: Unlimited
    ExpertRatings Test Required : Yes

    Code:
    http://www.guru.com

    Membership Fee: $35 Monthly
    Bid Limit: 100 Per Month
    ExpertRatings Test Required : Yes

    Other Sites(Not recommended as per my experience)
    Code:
    www.freelancer.com
    Code:
    http://www.twago.com
    Code:
    http://www.peopleperhour.com
    Code:
    http://www.freelancers.net/
    Code:
    http://www.directfreelance.com
    Code:
    https://www.livework.com/
     
    • Thanks Thanks x 4
  2. Dr_Scythe

    Dr_Scythe Regular Member

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    Cheers for the guide. I only knew about half of these sites :p

    Great for paying the bills but good clients for repeat business are few and far between.
     
  3. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    why have you posted this to a thread that died 11 months ago ?