What is upwork?
Upwork, formerly Elance-oDesk, is a global freelancing platform where businesses and independent professionals connect and collaborate remotely. In 2015, Elance-oDesk was rebranded as Upwork. It is based in Mountain View and San Francisco, California.
Upwork has twelve million registered freelancers and five million registered clients.Three million jobs are posted annually, worth a total of $1 billion USD, making it the world’s largest freelancer marketplace.
Upwork allows clients to interview, hire and work with freelancers and agencies through the company’s platform. The platform now includes a real-time chat platform aimed at reducing the time to find and hire freelancers.
Clients pay a 2.75% per payment processing fee; some clients are eligible to pay a monthly flat processing fee of $25. Payments can be made using credit cards, PayPal, or bank transfer. Payments are made through Upwork’s escrow system, which transfers the funds to freelancers after a 6-day period. Freelancers also pay a fee based on how much they are charging per overall billing to client; 20% under $500, 10% $500-$10000, and 5% $10000+.
To ensure the freelancers are billing fairly for jobs billed hourly, the platform offers a time sheet application that tracks time and takes screenshots while the freelancer is working.
Upwork was formed 18 months after Elance and oDesk announced their merger on December 18, 2013 to create Elance-oDesk. oDesk was founded in 2003 by Odysseas Tsatalos and Stratis Karamanlakis. Elance was founded in 1999 by Beerud Sheth and Srini Anumolu. With the launch of Upwork, the oDesk platform was upgraded and rebranded and the company announced that the Elance platform would be phased out within a couple of years, resulting in a single freelance marketplace.
In early September 2015, the Upwork service experienced an outage which led to an apology being issued by CEO Stephane Kasriel. This led to the introduction of an Upwork Status page to offer freelancers and clients greater transparency.
On 3 May 2016, Upwork announced that the service fee for freelancers will change from flat rate of 10% to a “sliding service fee” of 5% to 20% based on total lifetime billings with each client: 20% for the first $500 billed to the client across all contracts, 10% for total billings with the client between $500.01 and $10,000, and 5% for total billings with the client that exceed $10,000.
As of March 2017, Upwork reported 14 million users in 180 countries with $1B in annual freelancer billings.
From it’s foundation in 1999, the company has raised a total of $168 million through 10 private equity funding rounds.
How to make money on upwork;
Are you struggling to find enough work on Upwork? What you may be lacking is not necessarily the skills to do the work, but the skills to get the job.
If that’s the case, you’re actually in a good position, because it’s easier and faster to learn how to get work on Upwork than it is to learn new professional skills. After that, it is just a matter of determining how to apply these methods to your circumstances. As you do so, you will increase your chances of getting hired, and get more opportunities to deliver high-quality work that clients will give you good testimonials for—thus creating a virtuous cycle of more hiring.
As a graphic designer i make a profile on upwork in 2006 when it become odesk.com,when i recearch on it i realize that taking online tests regarding your skill is a 2nd imprtant step if you want to get serious working on upwork.So i take test regarding my skills,First of all you have to take upwork Readness test it is a test behaf of upwirk terms and conditions. Its very important when you join some platform or a co. you have to know what are the terms and conditions to that platform or a co. if you do not know and just start working you have to face a lot of dificulities.When you preapare this test the benefit is you have to know their terms and conditions. which is very helpful for making serious way of earning at upwork.After that you have to take test regarding your skills.For your help i make video lectures regarding How to work on upwork in three parts. First part is how to create an account on upwork.You may see this lecture on this video link