In the end, 33% of the new clients who posted jobs got their payment method verified. Of this 33%, 78% of them hired someone for their project. The first 4 days of a job being posted showed the most activity of hiring, after which the rate slowed down dramatically. (Upwork advertises that most clients hire within 3 days of posting - this seems to be accurate)
I believe, that many 'legitimate' clients are searching for the right freelancer, and never seem to find that person. This can be evidenced from the fact that clients still hire all throughout the 30 day period. I also think that because many experienced freelancers simply bypass (filter out) posts which have an unverified payment method, clients are forced to hire less experienced freelancers, or no one at all.
This also creates an opportunity for new freelancers to get established, and have an easier time landing a job. The data suggests that we should spend the time to capture that +33% business opportunity, by strategically weeding out the spam posts. In this competitive environment, we cannot afford not to.
Also, it would be one less potential client to leave the platform, because he/she could not find an appropriate match for their project.
Thank you Setu
Fascinating stuff as always....
Would it be a real pain to ask what percentage of verified clients's job postings result in a hire in the same time period?
I still wholeheartedly agree that freelancers ignore new clients to their detriment. Once you weed out the chancers and scammers the rest are more likely to hire, there is less cometition and in my experience the bit of extra hand-holding that is usually required is more than worth it.....
I agree with everything above... and then of course the elephant in the room is Upwork's insistence on deciding what they show to clients, in terms of (a) recommending people who haven't even expressed an interest, and (b) by ordering the people who have expressed an interest by some arcane criteria, and imposing different levels of visibilty on them.. It's quite possible/entirely probable that a lot of these clients don't find what they're looking for because of the way they're presented to them by Upwork. And all these decisions are made by a variety of robots/algorithms/roborithms that have time and time again on these forums been shown to be not only ineffective, but worse than random. The elephant is not only taking up the whole of the sofa and blocking the view of the telly, it's lying on the remote control.
Upwork is (badly) automating itself out of business...
New clients are awesome. I love working with new clients.
If a client agrees to my rates and sends me a hire offer, I'll work for them as long as their payment method is verified or their milestone is funded. New client or experienced client, does not really matter.
I start with small milestones or I use an hourly rate contract with EVERY client who is new to ME. So I apply the same safety filters universally.
You may have worked with 100 contractors before me, but you have not worked with ME, so I don't trust you enough to start work with an unverified payment method or unfunded milestones no matter who you are.
If the project is interesting, I suggest you accept the invite for interview or apply. If the client is really interested in hiring and is in the process of verifying their payment method, it will be fixed after a few business days. In case they hire you before their account is verified, you can request for them to fix the issue with their payment first before you start working.
I've had several clients who were new and eventually grew in the site in terms of paid contracts and number of hires. So, do try to give a new client a chance in the same manner that someone hired you even if you were fairly new on this platform. Just be careful though and take note of my suggestions above.
I must admit, I've been avoiding unverified clients like the plague. This thread has opened my eyes (and made me feel a little guilty, too). Thanks to everyone above.
I was invited for an interview, which brought me here. The client has been on Upwork since Oct 2016 and not yet verified payment. But it is the first job posted by the client, so I'll give it a chance.
I'll update this post with the outcome.