Upwork is an online platform that connects clients (that hire talent for their projects) to freelancers. If you have a skill that's in demand, you can find work at Upwork. It is the largest freelancing platform where millions of jobs are posted each month. World's some largest companies trust Upwork to find talent and you can make a stable income from there if you have the commitment and the needed skills.
History of Upwork
Upwork is formed by the merging of two freelancing platforms known as oDesk and Elance. oDesk and Elance were two independent freelance platforms and they got merged in 2015 to form Upwork after the oDesk's acquisition of Elance.
How does it work?
It begins when clients (or the companies) post their projects on Upwork. Freelancers get a list of posted jobs in their feed based on their search history and their selected categories.
Freelancers then submit proposals. Clients filter the submitted proposals and they reach out to freelancers to interview them. Finally, a freelancer (or an agency) is awarded the job based on their profile strength, proposed budget, and several other factors.
There are two types of projects. Hourly, and the fixed-price ones. For the fixed-price projects, the budget is fixed and you get paid in milestones. For example, the client may pay pay 50% when half of the work is done or they may decide to pay the money in the end. You can discuss with them to decide on milestones.
For hourly contracts, you can use Upwork desktop app to track the time while you are working. The budget is usually not specified for hourly contracts and you get paid your hourly rate as long as you work on the project. Every week, your logged hours are sent to the client and the funds are released. Thus for hourly contracts, you get paid each week.
In addition to the Upwork desktop app, you can log hours manually too. Hourly contracts are secured by Upwork so you guaranteedly get paid for the hours that you log through Upwork desktop app. Manually entered hours don't qualify for Upwork's protection.
When the contract is ended, both parties are allowed to leave reviews for each other. Solid reviews from clients count towards the freelancer's badge earning like Top Rated and others. Similarly, a positive rating on client profiles help them attract more (and better) proposals towards their job postings.
Clients need to add their credit cards or need to link their verified PayPal accounts in order to fund projects. Fixed-price contracts need to be funded in advance by clients, while hourly contracts are billed each week.
Freelancers can use Payoneer or they can add their bank account in Upwork to get paid. Payoneer is the recommended and best payment method for freelancers.
So this was a brief article explain what Upwork is and how does it work. In other articles, I'll be talking about tips on Upwork success for freelancers.