Wednesday, December 3, 2014

Best Freelancing Site Elance Information

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About Elance:
Elance was first launched in 1999, its name inspired by a 1998 Harvard Business Review article titled "The Dawn of the E-Lance Economy". It was initially developed as a technology for supporting virtual work. Two years later Elance introduced a vendor management system (VMS) for contractors and third-party services used by large enterprises. In 2006 Elance sold its enterprise software division and developed instead its current web-based platform for online, contingent work.

As of February 2013, Elance is used by approximately 500,000 businesses and 2 million registered freelance professionals, who have collectively earned nearly $850 million to date.

A merger with oDesk, another online staffing platform, was confirmed in December 2013. The deal is expected to be finalized in April 2014 and the two companies will create a resource that consists of 8 million freelancers and 2 million businesses.

Elance Clients:
The Elance website allows businesses to post jobs, search for freelance professionals, and solicit proposals. They can evaluate the contractors applying for the job and, once a contractor is selected, communications and files are exchanged through the Elance system. Payment for jobs, which can either be hourly-rate or project-based jobs, is made by the client through Elance's system, which deducts a percentage of the fee, 8.75%, as a "commission." Elance's Work View tool provides an official record of work completed. For project-based jobs statement of work or milestones are used to indicate progress toward completion, and funds are held in escrow by Elance to ensure payment upon completion of the milestone.

Elance Freelancer:
Freelancers search Elance's website for jobs and can research clients' buying histories on the system. Each freelancer can post a profile displaying past jobs and feedback, a portfolio, and specific skill and educational-background information. Registered free users are allowed to submit a limited number of proposals each month while those on paid membership plans can submit additional proposals. Elance offers payment guarantee once work is done using the Elance system.

A 2012 survey of freelancers conducted by Elance indicated that freelancing was the "sole source of income" for 48% of respondents and that 69% had at least a bachelor's degree

Skills:
Information technology jobs, such as web and mobile programming and development, account for the majority of earnings on Elance (59%), followed by creative jobs (24%), marketing (7%), and operations (7%). Jobs for writers and graphic designers are also popular. Elance maintains a current list of their overall top 100 in-demand skills, and in 2011, the most in-demand skills were PHP programming, WordPress programming, article writing, graphic design, and HTML programming. Specific data, including global job growth numbers and earnings on the most in-demand skills, is made available on Elance's website.

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