Managing Upwork Fees
Is Upwork fees have you feeling confused and frustrated. This is a Virtual Assistant Blog and this hopefully shine a light through the darkness. Upwork is the largest freelancing site with more or less 12 million registered freelancers and around 5 million registered clients. Can you imagine country of people applying for a job? When you register for Upwork it is important to be aware of the fees the platform charges.
What are the Upwork Fees
The Upwork fees both applied for the clients and the freelancer/virtual assistant. Just some background story. A few years ago Upwork officially started December 18, 2013 it was known back then as Elance or O-Desk. They only charge 10% on all clients payment. Then it changed in 2016 when they change their fee system. Both the freelancer and the client will be charge Upwork fees depending on the amount being paid by client and the amount freelancer will get from his client. Sounds confusing? Lets try to break it into more details. I can speak for freelancer myself. Your first within $500 payment you will be charged 20% of it. So if you charge $3 the actual amount you will get per hour is around $2.40 and the remaining $0.60 is for Upwork fee. Then if you receive more than $500 the Upwork fee is lessen and it becomes 10%.Upwork state that they need to have the maintenance fee being the largest freelance market in the world so that is the reason they had the Upwork fee.
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As Virtual Assistant How Can We Manage Upwork Fees
Being a Virtual Assistant registered in Upwork we need to update our profile and make sure we upload the different services we offer and make sure to get our Portfolio done in the best possible way. We need to add our work experience/freelance experience and ask testimonials from our client so that we can get our rate higher in Upwork based on our skills and work. As a beginner we should not settle for starting rate of $2 since it will have a 20% deduction for Upwork fees. It is ideal to start with around $5 per hour so that we know that we are getting paid with what we are worth for our skills and performance. This is just my own observation and opinion but you will always be the one to decide about it. This is just a guide so that you will be aware of the Upwork fees and Know how to manage it without thinking am I getting the right payment for my task at Upwork.
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