Today’s review is about how you can make money becoming an Upwork freelancer. Upwork is a site where you bid for posted jobs or pitch your projects and get paid. Set your own working hours, you can charge the going rate for your type of work and work from anywhere. You do need good time management skills and the ability to present yourself well to clients posting jobs. As with any freelance work, if you need a regular income then maybe this is not for you. Read on to find out more.
How it works
Firstly, create an account with Upwork and answer all their questions to create your profile. Many applications are rejected so make sure you spend some time thinking about how you answer their questions. With more than 10,000 applications per day, many don’t make it. Follow these tips for the best chance of success. Once accepted, you can then bid for work in your chosen field. You are more likely to be successful if you can show clients examples of your work. The available work is in 8 main areas;
- Development and IT
- Design and Marketing
- Engineering and Architecture
- Writing and Translation
Development, design, or marketing professionals can approach Upwork recruiters who match you to exclusive opportunities with trusted clients.
Each freelancer has a job success score, calculated every fortnight. You will get more work if your success scores are high.
These are some current examples of jobs available; writing Youtube descriptions, writing articles for blogs, and being a virtual assistant. From one-off jobs to 30 hrs per week for 6 months, Upwork has a range of positions to suit most professionals.
Payment and Fees
Choose how you get paid. Their fixed-price protection releases client payments at project milestones. Hourly protection bills clients every week. However you work, the service fees are the same. As a freelancer, you pay the Upwork Service Fee on all billings, including hours, milestones, and bonuses.
The service fee is broken down into 3 categories based on your life time earnings with each non-enterprise client;
- $0-$500: 20%
- $500.01-$10,000: 10%
- $10,000.01 or more: 5%
Read more about the fees and payments here.
How to Succeed as an Upwork Freelancer
Clearly explain what you can offer and your area of expertise. Next, set competitive prices and be prepared to adjust these according to market forces. Thirdly, show off your work, build a portfolio on Upwork, or link to elsewhere. After all, a portfolio will give clients confidence that you can deliver. Finally have a contract so everyone knows where they stand.
As with everything in life, people are more understanding of changes to products and time frames if you keep them informed and explain. Finally, don’t be shy and ask clients for referrals and reviews.
Nana Knows Verdict
Trustpilot rating is excellent from nearly 6000 reviews suggesting you really can make money becoming an Upwork freelancer. Many reviews cite that job filtering is effective so you can narrow your search. I like that they are transparent about their fees and expectations. There are many happy freelancers with Upwork. This may be just what you need to supplement a pension. Nana Knows says give it a go.
If you start working, note that UK taxpayers may need to declare earnings from a hobby or business to HMRC Don’t get caught out! Take my advice and keep accurate records of your earnings from the beginning. HMRC will always advise on these matters.