Aug 7, 2019 03:23:43 PM by Will L
If you are an Upwork shareholder, or think you might want to be, this will be an interesting article for you:
https://seekingalpha.com/article/4282169-long-term-buy-hold-upwork
Aug 7, 2019 04:24:21 PM Edited Aug 7, 2019 04:26:51 PM by Wendy C
All comments in the article are well known facts for the platfom online industy at large.
What is NOT addressed in the article: the people equation ...
1. Theoretically everything syncs; in reality theory alone is not adequate
2. The site continues to be technically wobbly (less so than in the past) and remains lacking in ease of use (UX). This is particularly bad in light of the fact that a hefty % of jobs that are tech related.
3. All the ad budgets in the world will not ensure buyer satisfaction. Buyer satisfaction is fully contingent on the selected FL doing a superb job.
This is only possible if U. retains the top-notch proven FL professionals.... and brings new ones on board. Properly.
a) vet applicants prior to allowing them to create a profile
b) clean house of inactive and undepefomming FLers
Aug 7, 2019 05:09:50 PM by Abinadab A
Wendy C wrote:All comments in the article are well known facts for the platfom online industy at large.
What is NOT addressed in the article: the people equation ...
1. Theoretically everything syncs; in reality theory alone is not adequate
2. The site continues to be technically wobbly (less so than in the past) and remains lacking in ease of use (UX). This is particularly bad in light of the fact that a hefty % of jobs that are tech related.
3. All the ad budgets in the world will not ensure buyer satisfaction. Buyer satisfaction is fully contingent on the selected FL doing a superb job.
This is only possible if U. retains the top-notch proven FL professionals.... and brings new ones on board. Properly.
a) vet applicants prior to allowing them to create a profile
b) clean house of inactive and undepefomming FLers
Another kudo for this post.
Aug 7, 2019 07:10:24 PM Edited Aug 7, 2019 07:11:04 PM by Miriam H
Will L wrote:If you are an Upwork shareholder, or think you might want to be, this will be an interesting article for you:
https://seekingalpha.com/article/4282169-long-term-buy-hold-upwork
Thank you for sharing. While it's clear Upwork has some work to do on more effective screening of freelancers, this article gives me hope that this is part of the plan (including verification, paying for connects, etc). It sounds like they want to pivot to more enterprise level support and consider their competition companies like Cognizant vs. other online freelance platforms.
I certainly hope they are reading these forums and speaking with successful freelancers as they make plans for the future.
Aug 8, 2019 04:07:24 AM Edited Aug 8, 2019 04:09:07 AM by Rene K
Q2 is out: Upwork Reports Second Quarter 2019 Financial Results
Everyone should read this:
Q2 2019 Financial and Business Highlights
And especially this part:
Everyone should make their own conclusions about their future on the platform. (Spoiler: Gig Work may not be here to stay.)
Aug 8, 2019 05:05:20 AM by Wendy C
@ Rene, thanks for posting this. I'm continuing to think a mutual past effort should be resurrected ...
Aug 8, 2019 06:08:09 AM by Rene K
Wendy C wrote:@ Rene, thanks for posting this. I'm continuing to think a mutual past effort should be resurrected ...
Maybe now it's the time, indeed. On Upwork since they seem to be steering this way. Let see how ll of this evolves...
Aug 8, 2019 07:04:10 AM Edited Aug 8, 2019 07:04:32 AM by Wendy C
Yep. Upwork only. More manageable and more cost effective.
Aug 8, 2019 07:10:00 AM by Phyllis G
What's not accounted for is the degree of overlap between "Larger Engagements" and "Gig Work". That is, how many FLs have UW portfolios consisting of a mix of <$1k and >$1k contracts? How many FLs consistently leverage small contracts into long-term relationships?
I am all in favor of bringing more consistent and reliable professionalism to the FL pool here. But I think they are looking at the wrong metric, i.e. below/above $1k contract value. When they say that client spend in the "larger engagements" category has expanded largely unaided, I want to jump up and say, "Of course it has, and it's directly and exclusively due to the professionalism and reliability of the FLs supporting the low end of that category and feeding it from the 'gig work' category!!!"
Aug 8, 2019 08:02:23 AM by Cheryl K
Yay!
That was my investment strategy anyway when I bought my shares. I just waited a bit for the price to drop after the initial offering.
As much as we gripe, Upwork in some form is here to stay.
I recently edited a book that included a section on outsourcing and the writer mentioned Upwork by name.
Aug 8, 2019 08:40:39 AM by Preston H
I look forward to the total gig economy.
Human labor as a commodity. Like oil or soy beans.
Aug 8, 2019 10:01:51 AM by Jennifer M
I for one welcome our new overlords.
Just let me know how much *Edited for Community Guidelines* I need to *Edited for Community Guidelines* to get the nicest shack in this place. I've got no shame, Upwork. Just let me know.
Aug 8, 2019 05:17:27 PM by Alexander B
Lol wow. I really must be a kind hearted person because I can't even imagine what words are supposed to go in the edited areas of your post.