Jun 6, 2023 11:19:20 AM by Madiha M
Hi passionate souls!
I hope all of you are doing well. I just want to ask who are the people whose bids actually work on Upwork> is it really a platform where you can grow as a billionaire?
Solved! Go to Solution.
Jun 7, 2023 01:46:53 PM Edited Jun 7, 2023 05:48:05 PM by Anthony H
Such negativity, you guys.
Let's get real: At $25 per hour, you would have to work 40 million hours to earn a billion. If you worked 40 paid hours per week (that's 40 hours of paid work, leaving no time to write proposals and other incidentals), you would earn a billion in 1 million weeks. There are 52 weeks per year, so that's 19,230.7 years at $25 per hour earning 40 hours per week (sorry, no bathroom breaks). So, yes, you could do this theoretically. Practically, however, not a chance. (Zippia, whatever that is, says if you made a minimum wage of $7.25 per hour, it would take 69,000 years to make a billion. $25 divided by $7.25 is 3.44 and 69,000 divided by 3.44 is 20 ,058, so 19,230.7 years is just about right -- ballpark figures.)
However if you were James Paterson, noted as the writer who made more than any other in a single year, a billion would take you a bit over 10 years to make. In his best year, 2020, he earned about $95 million.
Jun 6, 2023 01:23:59 PM by Elisa B
A billionaire...maybe one in a million? I have the feeling they are not content writers, though.
Jun 7, 2023 01:46:53 PM Edited Jun 7, 2023 05:48:05 PM by Anthony H
Such negativity, you guys.
Let's get real: At $25 per hour, you would have to work 40 million hours to earn a billion. If you worked 40 paid hours per week (that's 40 hours of paid work, leaving no time to write proposals and other incidentals), you would earn a billion in 1 million weeks. There are 52 weeks per year, so that's 19,230.7 years at $25 per hour earning 40 hours per week (sorry, no bathroom breaks). So, yes, you could do this theoretically. Practically, however, not a chance. (Zippia, whatever that is, says if you made a minimum wage of $7.25 per hour, it would take 69,000 years to make a billion. $25 divided by $7.25 is 3.44 and 69,000 divided by 3.44 is 20 ,058, so 19,230.7 years is just about right -- ballpark figures.)
However if you were James Paterson, noted as the writer who made more than any other in a single year, a billion would take you a bit over 10 years to make. In his best year, 2020, he earned about $95 million.
Jun 8, 2023 01:03:59 AM by Nichola L
But those thousands of years, don't matter - except of course values will have depreciated - so your figure (ballpark) should probably be multiplied by x. However, with AI the Gen Zs and the Gen Alphas are going to live forever. They will be nourished on greenbacks and drink the waters of success - they will find a way of keeping Upwork aboard the good ship Eternal.
(I think I feel a limerick coming on, or something even stronger ...)
Jun 14, 2023 11:54:26 AM by Anthony H
Nichola,
I don't know what's stronger than a limerick. It's an interesting thing to ponder.
Reminds me of the old gag, however: What's the most lucrative form of writing? Answer: Ransom notes.
Jun 7, 2023 03:08:24 AM Edited Jun 7, 2023 03:10:32 AM by Viacheslav K
1000000000$ / 900$/h (max hourly rate after fee)/ 40h\w / 52 weeks = 534 years ;^)
Jun 7, 2023 05:51:50 AM by Clark S
Reaching the billionaire status is unlikely, but there are plenty of freelancers who have made millions through Upwork.
Jun 7, 2023 06:13:53 AM by Sudhir K
Depending on what you do. If you happen to build an organization and grab 47% of the jobs posted on Upwork...then definately yeah. You never know what future brings, enjoy the present moment
Jun 11, 2023 10:58:30 AM by William T C
Madiha,
As a Millionaire yes - Billionaire no.
Only apply for Jobs that are an exact match for your Skills.