Should You Go To Freelance Marketplace With Your Software Project?

The free market aims to solve many problems of outsourcing, and all business people who have to delegate certain activities to offshore teams will sooner or later face these problems. Where do you find a contractor? Which one should you choose? What skills do you need to get the job done? How do you do recruitment and projects transparently? The answer may come from the free market, such as Elance, Guru or oDesk.

But when there are many more readily available options, why choose a free market?

• You can Google search for software companies and see the top ranked results, but the highest search results show the best SEO level, not necessarily the best expertise in your field. You will also waste a lot of time jumping from link to link, from website to website – this is not the best way to compare companies.

• You can visit the events, exhibitions and congresses of professional developers and find contractors. The advantage is eye contact and direct dialogue. But the downside is the cost: At the first meeting you attend, no one can guarantee you’ll be the perfect contractor.

• Social networks, forums, blogs – close to Google search, but again, it’s more about looking at the companies that appeal to you than searching one by one.

• Referrer—Do you have colleagues who have previously worked with a company who would be happy to recommend you? Great, but what if you don’t have one like that?

• free market. Here we offer the most versatile solution. Many players gather in one place. The easiest way is to post your work and wait for the contractor to find you. Or-You can start by checking the rankings to find the company you need in the most convenient way.

Let’s take a look at the Elance stats on their website: they are arguably the most popular market, with over 1.7 million customers and 3.5 million contractors. The number of messages posted in 2013 reached 3.5 million. Even your niche market has significant competition, but at least it’s more effective than Google searches.

Bad things can be overcome

The downside to these markets is that there are many freelancers who are relatively new to their field. Or they are just for an extra source of income, so to speak, the general level of professionalism is low. If your medium or large project requires a “serious” team, or if you just want to recruit people from the top, it becomes a matter of thorough searching. However, no matter where you look for a contractor, this is inevitable.

The top players in these markets are really prominent, so you can start by looking at the rankings from the top.

Can determine your choice

The main advantage: it can be affordable due to competition. Outsourcing makes the cost in an affordable way. The rest is quality delivered on time – it is not impossible to find among the many contractors.

Such markets also offer many other time-saving and useful goodies, some of which can be crucial for your choice. Let’s take a look at some of them provided by Elance.

• First, when we talk about IT and software development, the ranking of more than 47,500 contractors mentioned above. You can save time by looking at leaders, their expertise, customer feedback and other information. The leaderboard is based on the points system and is updated weekly by Elance.

The results are influenced by the following factors: delivery of quality work within time and budget, customer satisfaction, sustainable customer relationships and performance indicators, depending on the service category.

• Time tracking software calculates the time the contractor spends on the project and intercepts work in progress. They are picked up and delivered to the customer at random times (about once a minute). You can view the workflow in real time to give your opinion to the team. It is very convenient and transparent for both parties: you can be sure that you pay for the recorded time and the contractor guarantees that you pay for the working time.

• The free market takes the share of the platform offered (usually 10%). They don’t want to lose revenue and offer safe and effective payment methods (this is also emphasized to avoid any kind of financial fraud). As for Elance, the system used is called Escrow. After the project is divided into milestones, the funds are placed in escrow. Again, this is proof of risk to both parties – payment will not be made until the agreed workload has been completed and accepted.

• Customer feedback is an extremely important part of any contractor’s record. Once published, it cannot be deleted

Develop the following indicators: quality, responsiveness, professionalism, expertise, compliance schedule and cost.

• Many other benefits of working in these types of markets are usually reflected in the work process. For example, Elance provides customers and contractors with educational and training resources, tips and best practices – all links are conveniently stored on dedicated pages. Or a referral program, which allows Elance members to market friends as new customers, making money and connecting (you can also read more about it on the website).

• Each market must guarantee security and openness, so members must provide and update the correct, accurate and complete information of each member: legal name, contact details, investment portfolio, etc. Personal accounts cannot be shared between users; team members cannot share or transfer credentials; accounts cannot be transferred or sold to other users. There are also methods such as reporting violations.


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