Pros and Cons to using freelancer.com
Freelancer.com is a freelancing and crowdsourcing marketplace based in Sydney, Australia. Currently, they have more than 22,700,000 registered users, consisting of both employers and freelancers globally. Employers can hire freelancers through their marketplace. Most of the jobs posted are software development, writing, data entry, engineering, sales and marketing, accounting, and legal services.
In this article, you’ll discover the pros and cons of using this platform.
Since there are several outsourcing marketplaces, it is expected to have lots of jobs available for freelancers. One of the selling points of Freelancer.com is getting the job done for less cost, so more employers are convinced to post jobs in the site. With the growing number of employers continually signing up to post new jobs, opportunities should not be a problem for freelancers registered in the site.
While there may be numerous employers on the site, freelancers often struggle to find work because of the growing competition with other freelancers. It is especially more difficult for new freelancers to secure a job because most employers would opt for the more experienced ones since it is hard to gauge a freelancer’s capabilities when all you can do is take their word for it.
It is also apparent that job security is one of the problems of freelancers in the site, and looking for other jobs from other sites is a must if freelancing is your main source of income.
For employers, outsourcing gives them the freedom to set meetings with their employees whenever they want. Things are more convenient since they do not have to meet in an office – several communication options are available for them to go through any inquiries, goals, contracts, and evaluations that they may have.
For freelancers, freelancing gives them the ability to work wherever they want, whenever they want. Flexibility in work hours is one of the perks in working as a freelancer. They can either choose to work full time or part time.
Freelancer.com has a downloadable app that includes Time tracking. Time tracking through the app is mainly used for tracking hourly projects. The app is controlled by the employee, who then can take screenshots of the hours worked as proof to be sent to the employer.
For employers, there’s no other option but to depend on screenshots (for hourly projects). If you would prefer a more reliable reporting tool for time tracking, you will have to look for one yourself.
For freelancers, while they may have control of when they can work, some projects require more time to be accomplished than the set time on the job description. There is a possibility of working for longer hours and sometimes, working more than what you are paid for.
For employers, outsourcing is one way for their business to grow without spending too much. They would not need to pay for the equipment that the employee uses nor rent a space where they can work in.
Freelancer.com also provides cheaper quotes for most jobs which is beneficial for the employer. Employers may choose to pay employees hourly or at the completion of the project assigned to the employee. Employers have the option to not release the payment for the employee if they are not satisfied with the result.
For freelancers, working online would save them money since they will be working at home. Freelancers have control on how much they want to get paid through their bids. Freelancers can choose to get paid either hourly or through set milestones when working for a job with fixed payment.
Unlike other freelance marketplaces, both the freelancer and the employer are required to spend money.
For employers, in the free version of the platform, they need to pay $3 or 3% of the total project cost, whichever is greater. With the premium version, where they pay $199.95 monthly, there are no project fees.
Also Freelancer.com has enhanced ad offers where the employer has to pay extra for enhanced job visibility.
For freelancers, rates range from $3 or 3% to $5 or 5% of the total project cost, whichever is greater. Freelancers also need to pay $199.95 for a premium account if they want to have more bids per month. On the free version, a freelancer has 8 bids per month while the premium version gives them 1,500 bids per month.
Unfortunately, Freelancer.com also seems to charge fees for currency conversion, and they also have inactive fees where they automatically charge a freelancer’s account if it goes inactive for a certain amount of time.
An Important Advice
Going through the reviews on Freelancer.com, there are several unsatisfied employers and freelancers claiming that they have been scammed or unpaid. So, it’s always best to gather more information and check the job you are bidding for or the person you are planning to hire if you want to make the most of Freelancer.com.