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Random Thoughts

Juicing Up Your Income Using Elance.Com - A Great Primer

3/4/2014

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Making money via elance.com is tough if you live in a developed country because the cost of living is so high.

Fact: people want to hire someone in the US or the UK because there are no language barriers and they generally expect a better quality finish; however, when they compare our rates to those of much cheaper and equally qualified people in Asia, they can't justify selecting a UK- or US-based person.

I stumbled upon a guy who made almost $24k on elance in a month by analyzing it and coming up with a winning formula:
​


Hacking Elance – The Step by Step Guide to How I Made $23,700 in 4 Weeks

He's mixed race/black so it can't be said that it wouldn't work for a black person. I am very impressed by the fact that he really took time to analyze the platform and came up with his own winning formula before jumping in. The beauty of using videos to pitch is that people get to:
  • Analyze your language skills
  • See your enthusiasm
  • Build rapport with you immediately
  • Know you have already invested time in their project
I was surprised that he doesn't include a price with his initial bid. I usually eliminate people who do that but I think not including a price probably works much better for bigger projects. If someone only needs a copy edit or other small task they don't want to go through various bidding rounds.

Any way, I only use elance to hire, if I ever want to make money via the platform I will definitely re-read Daniel DiPiazza's tips in Hacking Elance – The Step by Step Guide to How I Made $23,700 in 4 Weeks

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Heather Katsonga-Woodward, a massive personal finance fanatic.
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