Reply
cancel
Showing results for 
Search instead for 
Did you mean: 
Reply

New pricing rollout dates announced

Ace Contributor
Stefan K Member Since: Oct 29, 2015
31 of 47

The thing is that Upwork is expelling writers, graphic designers, translators and maybe few others segments of freelancers from Upwork. Odesk was focused mainly on programmers who typically had long term contract. 4 months ago I introduced my younger brother to Upwork who is a programmer. He now has exactly one client and earnings crossing 8000USD, so he is approaching the top 5% fee. This can almost never happe to a graphics designer. I have had around 70 clients on Upwork, short term, well paid one time jobs. 95% never cross 500USD/lifetime client level. And I was on Elance few years.

 

Btw. how could Elace survive so many years with 8,75% fee for years. WIth same or even better services?

 

Upwork claim it is loosing with me, though I am paying thousands USD on fees with my small contracts. I do not want you to loose. So no new jobs on Upwork, almost zero activity here for me. 

 

Good luck with this genial experiments, but I am not going to volunteer in this. 

Community Guru
Douglas Michael M Member Since: May 22, 2015
32 of 47

Stefan K wrote:

 

....Btw. how could Elace survive so many years with 8,75% fee for years. WIth same or even better services? . 


Stefan,

 

The same way Upwork survives and makes up shortfalls in revenue: by infusions of venture capital.

 

The thing is, venture capitalists' patience is long, but not infinite. Elance dug itself a hole out of which it could never rise and turn a profit (or become publicly saleable). So its investors pulled the plug and arranged to transfer its asset base (us contractors), and whatever portions of its market would follow (at least some of our clients and most if not all of the Enterprise clients)  to oDesk, now Upwork, in the belief that it has better prospects for a return on their investment.

 

tl;dr: Elance didn't survive. It went broke. oDesk ate it.

 

Best,

Michael

 

 

Active Member
Vivek K Member Since: May 5, 2015
33 of 47

Who acquired whom?

 

Elance acquired oDesk or oDesk acquired Elance?

 

As far as I know Elance acquired oDesk. That means Elance was in more comfortable position rather then oDesk.  So not really sure how you are sying that "Elance dug itself a hole out of which it could never rise and turn a profit"

Community Guru
Douglas Michael M Member Since: May 22, 2015
34 of 47
My answer stands. The figures are available if you care to research them.
Frequent Visitor
Ivan S Member Since: Feb 14, 2016
35 of 47

I have heard that many people are going to leave upwork as they dont like new commission pricing. I d like it because already realy enormous rivalry in my area of work  (more then 144 k specialists) In this case, it will be easier to take projects for me (i'm beginner here)

Active Member
Blagoja M Member Since: Feb 7, 2016
36 of 47

Maybe it's just my field of work, but these days the job postings are much reduced than usual... maybe i'ts only in my mind, but i think the new pricing is already taking it's taxation...

Active Member
Nikola N Member Since: Jul 28, 2015
37 of 47

Also I have noticed that the new job postings are extremely reduced, it is really bad sign.

Community Guru
Douglas Michael M Member Since: May 22, 2015
38 of 47

I would not expect new postings to take a hit three weeks before the commission rises. If anything, clients affected by it and aware of it might be prompted to post more jobs before it takes effect.

 

I suspect seasonal variation (the summer slump, according to rich-country production cycles).

 

Postings may decline as a result of the price hike, though that is most likely to affect the kinds of low-rent clients—the ones unwilling to pay contractors more—Upwork would just as soon do without.

Community Guru
Cheryl K Member Since: Jul 16, 2015
39 of 47

I'm already figuring the new costs into my bids.

 

Yes it has slowed down, but I think it is the summer season.

 

Cheepies still abound but hopefully they will leave once they discover the payment "fee" on their end.  I do think it will become more a platform for long-term relationships and less one-time jobs.  I for one will be charging more on the front end of new relationships

 

But like everything good or bad.........this too will pass

Ace Contributor
Cody C Member Since: Mar 27, 2015
40 of 47

And then they'll (Upwork) will enact yet another price increase, like they've done the past 2 years.

TOP KUDOED MEMBERS