How to make money on Upwork: step by step instructions
Finding a job in the freelance market can feel like a full-time job. Regardless of your short-term or long-term financial goals, choosing the right platform that matches your skill set can be the deciding factor in earning passive income or even a living wage. Edition GO Banking Rates told what Upwork is and how to make money there.
What is upwork
Upwork is a marketplace where freelancers can find potential clients with a variety of skills. Clients post jobs they need completed, and freelancers can bid on positions they're interested in. Work may include graphic design, editing, writing cover letters, blog posts, and other virtual assistance.
Upwork is currently one of the world's largest freelance platforms. Among the advantages of using Upwork is that it is not a verified platform for freelancers, which makes it easier for beginners to get started.
However, Upwork requires new freelancers to have their profile approved to make sure their services are needed. Unlike other platforms, freelancers of many specialties are accepted here, both full-time and part-time.
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It's easy for freelancers to get started on Upwork. But make sure you're thoughtful about the clients and jobs you take on so you don't get taken advantage of. Be sure to increase your rates as your experience grows.
How to make money on Upwork: step by step
Instead of hoping for the best by promoting your writing skills on social media, try signing up for an Upwork account to get more work done. Here are the steps you can take to start making money on Upwork today:
- Step 1: Create your Upwork profile
- Step 2: Verify your identity
- Step 3: Select rates
- Step 4: Start applying for jobs
Step 1: Create your Upwork profile
The first step to making money on Upwork is to create your freelance profile. To get started, click the Sign Up button and use your Gmail account, work email address, or Apple ID to create an account.
After this, you will add your personal details and work history. Be sure to indicate what services you plan to offer. Follow the prompts and Upwork will notify you when your profile is 100% complete.
Step 2: Identity Verification
One of the changes Upwork has made in recent years has been the requirement for freelancers to verify their identity before they can apply for a job. After verifying your identity, a badge will appear on your profile that potential customers can see. This will help you gain their trust.
The first step to verifying your identity is to use proof of identification, such as a driver's license or passport. After this, you will go through a video verification process, during which an Upwork employee will ask you a few questions about your profile.
Step 3: Select rates
You can offer projects to clients on an hourly or fixed-rate basis. Both options have their pros and cons.
If you're using hourly billing, you'll keep track of your time in the Upwork app. The benefit of paying by the hour is that Upwork guarantees that you'll get paid for the work you've already completed. However, as you work faster and more efficiently, paying by the hour can mean you lose money.
With a fixed price, you and the client agree on a fixed amount for the entire project. This ensures that you are not just trading time for money, but if you are new to freelancing, you can easily underestimate the cost of large projects.
Step 4: Start applying for jobs
Next, you need to start applying for jobs to find your first client. Luckily, Upwork never runs out of vacancies.
You may have to settle for a lower rate for the first few jobs while you gain experience. But once you have a few clients and positive reviews, you can start raising your rates.
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Membership Types
When you create an account on Upwork, you can choose from two plans: Freelancer Basic and Freelancer Plus. The basic plan is free and provides 10 connections per month that you will use to apply for jobs. Some other points should be taken into account:
- Most jobs require up to six connections to apply, depending on the size of the job. For example, small jobs costing $49 or less require two connections. Medium jobs $50 to $599 require four connections, and large projects over $600 require six connections;
- if you regularly apply for jobs, free connections may not be enough. You can purchase additional connections for 15 cents each, as well as sign up for a Plus membership;
- Plus membership costs $14,99 per month and includes 70 connections. In addition, you get additional benefits, such as the ability to see the range of rates for the jobs you are applying for.
Is Upwork worth it?
If you are looking for ways to make money as a freelancer, Upwork may be a good option for you. Freelancing on Upwork is one of the few ways to make extra money where you can start making money almost immediately, and there is a large selection of jobs that you can apply for.
However, you will have to work hard to set up your profile, and you may have to settle for lower rates in the beginning. But if you're consistent in finding work and doing it well, Upwork can be another tool for growing your freelance business.
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