oDesk Guide – Fixed Price Vs. Hourly Assignments

oDesk offers two schema of work. It can be either fixed or in hourly projects. In this marketplace, freelancers could work online at home for free. Some providers prefer one over the other, but they could also employ both approaches since oDesk does not limit one job at a time. Each provider could handle multiple projects depending on the capability to accomplish works at the predefined period of time.

Listed are points of Fixed Price Assignments
• Payment is based on deliverables
• No log time required, therefore you are the boss of your time
• Fixed payment is given regardless on how much hours you’ve spent for the completion of the project
• No payment guaranteed backed by oDesk – this approach lie on the trust between buyers and providers
• Good points in your profile but do not count toward accrued oDesk hours

Listed are points of Hourly Assignments
• Payment is based on the number of hours worked
• Log on oDesk Team Client application is required
• Work is monitored – Information recorded in the Work Diary includes keystroke volume, screenshots of a provider’s computer taken at roughly 10-minute intervals, and even optional webcam shots of the provider at his or her desk
• Payment is guaranteed – system automatically invoiced and billed to the buyer, and you will be paid weekly for work completed
• Offline works are not guaranteed, therefore inform the buyers regarding with this concern beforehand

Beginners in IT freelancing are subject to the question on how to determine your best rate according to web jobs managed. oDesk marketplace is very competitive. As beginners, who have not yet built any position, it might be essential to set the hourly rate a bit lower to hitch job opportunities. When good feedback history is established and documented on your profile, you can gradually inflate your rate to a figure that you are more comfortable and confident with.

As a summary, working online in oDesk can be in fixed price or by hour. Providers have an option on what type of work they could bid to. Setting a lower rate at the beginning can be considered an investment in your potential as an IT freelance professional.

About Agnes Galinato

Agnes has been a self-proclaimed Rockstar VA for 5 years. When she's not focused on a computer screen, she's a certified couch potato.


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