Outsourcing for Small Business: One of Internet’s most famous marketplaces for freelancers, Freelancer.com (also known earlier as GetAFreelancer) recently logged its 2 millionth user! One whole million in the span of almost a year. The site helps employers and freelancers from more than 234 countries connect for part-time or full-time online work. The site has well over 100 categories of work types to choose from including software designing, content writing, handling social media, article writing, reviews, brand promotion, data entry, etc.
21% users from the US
The site has headquarters in Sydney, Australia. However, the most users come from the United States. America accounts for 21 per cent of the Freelancer.com users. India accounts for 19 per cent of the users. Site statistics show that other users come mostly from the United Kingdom, Pakistan, Canada, the Philippines, China, Bangladesh, Romania and Australia (in decreasing order of numbers).
What are the project types on Freelancer.com
The Economist, in an article about Freelancer.com says, there are projects including “everything from the composition of a rap song to help teach English to Chinese students to designing for a luxury hotel in Barbados,” on the site.
Some of its recent projects included Spanish Forex Translator with 19 bids averaging $122, Filipino Recipes with 13 bids averaging $56, creating a cars website with 11 bids averaging $804, WordPress customization with 29 bids averaging $138 etc.
The company has a real-time ticker on the website homepage that states the following three interesting details about the users:
- 2,077,659 freelance professionals
- $78,737,840 USD user earnings
- 899,340 projects completed
Such was Freelancer.com’s growing hold that it bought Freemarket.com and LimeExchange – two virtual content marketplaces.
How Freelancer.com works
The site states a flowchart for projects as following:
- Post a project in seconds
- Compare and select bidders
- Create Milestone Payment
- Work Completes
- Release Milestone Payment
Typically, users first have to set up an account. Then, they could go around bidding on projects or opening a project of their own. Bidders ask questions while project creators specify details and there is a message board for every project so both parties could discuss clarifications. The Milestone Payment options allow part payments to be released at various stages of completion of the project.
A user is charged a refundable US $5 for posting a project. The amount is refunded when the owner picks a freelancer for the job. However, once the project is completed, US $3 or 3% of the total project cost – whichever is higher – is charged from the creator of the project. The first post for a project is free.
For those looking for work a commission of US $5 USD or 10% for successful bids – whichever is higher – is charged. There is a gold member scheme in which all registered have to pay only 3% of the project cost.
Ratings and Reviews help bidders and project creators choose partners. Once a project has been completed, both project creators and freelancers are able to write reviews and rate the other party.
Money transactions work through a host of options
Freelancer accepts payments via Credit Card, Paypal, Moneybookers, WebMoney, Wire Transfer and money other regional banking methods. Withdrawals are through all these options too.