What is Upwork?
Upwork, a marketplace for freelancers in fields like writing, graphic design and web development, is often a valuable tool to start out your career. The site tries to form it easier for professionals to seek out projects, communicate with employers and obtain paid.
If you’re new in your field, you’ll rack up valuable experience without always having to pitch clients cold. You may not earn the maximum amount as you expect since the location is filled with new workers who are willing to require work for a touch less pay. But with a transparent idea of the logistics, you’ll make this marketplace work for you. Here’s how to make money with Upwork.
How to make money on Upwork
1. Set up a robust — and honest — profile
Your profile serves an equivalent purpose as a general résumé for prospective employers. You can’t get work without one.
Fill out the work type you’d wish to do, the precise areas during which you’re skilled and your level of experience. This is all self-reported, so be honest. If you get hired for jobs you can’t deliver on, your account might be placed on hold or closed.
After that, add a headshot and an in-depth description of your background. You can include links to a portfolio or to specific work samples. You can also fill in your education, what percentage hours per week you’ll work, location and preferred rate. If you’re not sure what to charge, check out the rates of other freelancers on Upwork who have a similar experience.
Assuming everything is verifiable and accurate, Upwork will approve your profile within 24 hours. Then you can get working.
2. Connect with (legitimate) employers
Submit proposals for jobs you qualify for with Connects, the platform’s internal tokens. Upwork provides a limited supply of those, so consider carefully which gigs you would like to travel for. You get 60 Connects per month with a free account. The proposals you submit include an introductory letter, your required fee and answers to questions the client included within the posting. You can also send samples of any work you think would be relevant.
If someone reaches out to you, you don’t have to use any connections. The more robust your profile looks, the more likely you’re to receive job offers from potential clients. Displaying your best work or highlighting specific experience can assist you to stand out. If you’re new in your field, volunteer experience counts, too.
Before applying for a gig, get a thought of the potential employer’s reputation. The Better Business Bureau, Glassdoor and an inquiry for news coverage of the employer on Google are good places to start out your research.
Upwork’s rating system helps you decide who you really want to work with and lets others see if they want to hire you.
Much like Uber or Lyft, both parties rate one another after the contract is complete. Employers are graded on a five-star scale, and their ratings are visible on their pages. Ratings from your clients structure your Job Success Score, which may be a percentage displayed on your profile that represents what percentage gigs were completed to the client’s satisfaction. These ratings assist you to decide who you actually want to figure with and lets others see if they need to rent you.
Even if everything checks out, keep communication and payments within the location. Documenting behavior on each side discourages scams, as clients are going to be held in charge of making a shady payment or work requests or making claims about your work without in-site proof.
3. Set your price and start working Upwork
Upwork’s fee structure is predicated on what proportion money you create from each client over time. On the primary $500 earned from a private client, you incur a 20% service fee. Once you reach the $500.01 to $10,000 range, Upwork takes a tenth cut. After that, it’s 5%.
You can get paid in one of two ways: hourly or fixed price. Upwork’s fees are the same for both.
Your hourly rate on Upwork is that the price before the service deduction. So if you list a rate of $20 per hour for your first gig, you’ll expect to earn $16 per hour. When you negotiate a rate for a fixed-price job, an equivalent idea applies; if you’re getting paid $400 for employment, you’ll be paid $320 after the cut.
If you’re approached for a job with a low rate of pay, don’t take it at face value. Negotiate with the customer to find a price that fits.
If you’re approached for employment with a coffee rate of buy much tougher work, you don’t need to take it at face value. Negotiate with the customer to seek out a price that matches.
All hourly projects get logged in your Work Diary, which is made into Upwork’s desktop app. With this function on, the app will keep an in-depth record of your progress on a project. The app tracks some time in 10-minute billing cycles. It records keystrokes, scrolling, clicks and active windows. It also takes a screenshot periodically. You can delete these snaps before you submit the record of some time, but if you are doing, you forfeit the cash you made therein a 10-minute period.
You can also turn the Work Diary on and off at any time and log work manually instead, but using the tool helps you qualify for an Upwork service called Hourly Protection. This service ensures that you’ve paid for work you can prove you completed, even if a client refuses.
Payment for fixed-price projects is more straightforward. The person or company contracting you has got to put aside a particular amount of cash once you make the agreement. The employer must also set milestones, which are concrete deliverables on the thanks to the finished job. You’re paid with some or all of the deposit once you hit these checkpoints, and therefore the remainder is paid once everything is complete.
4. Get paid on Upwork
All of your hourly projects are billed weekly. You’ll get paid after you and therefore the client review the work, 10 days after the billing period ends. you’ll get paid through options like direct transfer to your bank or PayPal.
If a project gets dropped before it’s finished, that’s when Hourly Protection and milestones are available handy. If you think that you weren’t compensated fairly, Upwork features a dispute process.
For fixed-price projects, you’ll begin a dispute if the client fails to buy a milestone or refuses to buy what you think is completed work. Hourly Protection helps with payment disputes on other projects because the documentation from your Work Diary can help prove once you were working and what you were performing on.
Upwork makes it easier to seek out jobs and make extra money but think twice about which gigs you would like to use for. And inspect our guide to managing money as a freelancer for advice on the way to handle your newfound income, once it starts rolling in.