#upwork clone app

Upwork Business Model How Upwork Works & What Is Upwork Clone

Upwork is a popular freelancer marketplace that came into existence with the merger of two freelancing companies, Elance and oDesk, in 2015. The company Elance was originally founded by Srini Anumolu and Beerud Sheth. Similarly, oDesk was founded by Odyaaeas Tsatalos and Stratis Karamanlakis. After 18 months of the merger of these two companies, Upwork came into existence. The basic idea behind building Upwork was to connect businesses with freelancers to complete business projects.

A freelancer marketplace platform involves two parties; the employers and freelance candidates. Upwork popularized the freelancer marketplaces among both the parties.

See Also: How to Build a Two-sided Marketplace Strategically?

Benefits Of Freelancer Marketplaces For Businesses/Employers

Using freelancer marketplaces, employers can find more accurate talent for their businesses.

Employers get access to a wide pool of qualified professionals who meet the prerequisite criteria of the project.

Employers have the benefit of choosing an affordable candidate to get the job done.

They have access to check previous work submitted by the candidates and choose the right candidate accordingly.

Employers need to pay only for the work being assigned which is more affordable option as compared to permanent employment.

Benefits Of Freelancer Marketplaces For Freelancers

Candidates get a wide exposure to their skills while having the liberty to work at their comfort.

Freelancers may get a chance to work with their desired employers irrespective of their location.

Freelancer marketplaces offer secure payment options based on escrow systems to ensure timely payments.

Freelancer candidates enjoy work life balance due to flexibility of taking up a job at their preferred time.

The popularity of freelancer marketplace is quiet eminent from the growth of Upwork. Here are some key Upwork stats:

There are 145.4 thousand core active clients at Upwork who spend at least $5000 per year.

In the FY 2020, Upwork reported revenue of $373.63M.

Upwork’s revenue has grown at a CAGR of 22.4% over the past 4 years.

In 2020, approximately 1500 freelancers engaged on Upwork indicating 50% increase from freelancer count in 2018.

Upwork Revenue Growth

Such amazing growth stats have intrigued entrepreneurs to learn more about Upwork business model and launch Upwork clone.

What Is Upwork Business Model?

Upwork business model is governed by the idea of getting work done for a business without hiring a permanent employee. Businesses or employers post about their task requirement on Upwork. Upwork analyzes the task requirements and matches them to the right freelancers. Employers can check the candidate profiles, reviews and bids before interviewing the top candidates.

Upwork also offers a chat option to allow employers and freelancers discuss about projects, share files and collaborate on projects. Invoicing and payments for work happen with Upwork protection so that employers have to pay only for authorized work.

Key Customers: The key customers of Upwork business model are business employers and freelancers. Upwork is a suited platform for companies looking to hire talent or professionals with specific skills and professional freelancers looking for work opportunities. Thus, Upwork business model is a type of online skills selling and professional buying platform.

Value Proposition: Upwork creates immense value for registered businesses and freelancers.

Value Proposition For Employers-

Employers have access to wide skill set.

Companies can analyze candidates based on prior wok.

Employers get bidding from multiple freelancers to choose affordable candidate.

Value Proposition For Freelancers-

Freelancers have access to wide range of tasks.

Upwork assures timely and accurate payments for freelancers.

Upwork has verified employers which assures security for freelancers.

See Also: 6 Most Efficient Marketplace Business Models To Boost Revenue

Userflow Of Upwork Business Model

Employers:

Client Portal Of Upwork

Sign up & post a job requirement.

Freelancers post bids and proposals on job requirements.

Employers can use Upwork platform to schedule calls and interview candidates.

Employers can track hourly work progress so they have to pay only for actual time spent on work.

Freelancers:

Freelancer’s Portal Of Upwork

Click on the button ‘Become A Freelancer’ to get started.

Create a profile and Upwork matches them to right job postings.

They can check the job postings and post bids.

Once accepted, freelancers can choose from multiple payment options including hourly and fixed paid.

How Does Upwork Earn: Upwork Revenue Model

Upwork has raised a total of $168.8M in 12 funding rounds. Apart from funding, Upwork revenue model has two revenue streams:

Commission From The Freelancers: Upwork charges 20% commission for first $500 a freelancer charges to an employer. Moving forward, the freelancer has to pay 10% commission for billings between $501 to $10,000 and 5% for billings above $10,000.

Different Membership Plans For Employers: Upwork offers 2 types of membership plans to employers; Basic and Plus. The basic package is free and employers can get 3 freelancer proposals for a job posting. The plus package costs $49.99/month and the employer has access to a dedicated account manager and 15 proposals per job posting.

See Also: How to Start a Successful Multivendor E-commerce Marketplace?

Wrapping Up:

The pandemic has heavily affected the livelihoods of many and loss of jobs is the top concern. However, there are companies that still hire talents through job portals. Eyeing this as an accurate opportunity for investing in the job portal development, you can consider the Upwork clone.

What is special about the Upwork clone?

Being readily available to strike the marketplace is the speciality of the Upwork clone. Yes, the Upwork clone app is ready-made and doesn’t involve any overlong development processes. If you think that the speciality of this app ends with this, then you are wrong. Another speciality is the customization option. We insist our clients mention any customizations they want before we proceed to the white-labelling process. So, yes, these are all the specialities associated with our job portal app development solution.

Common features of the Upwork clone

Social media login

Any user will crave for instant login. As developers, we understand that and so we have integrated the social media login feature.

In-app communication

The job providers can communicate with the job seekers regarding their experience and skillsets through the private messaging feature.

In-app payment facility

Job seekers and job providers don’t have to bother about the transactions as the app itself houses various modes of payments.

The revenue model

Commissions - Whenever an employer finds the right match for their company and hires them, you will get some commission. Similarly, whenever a job seeker gets a freelancing project, you will get the commission.

Membership plans - Both job seekers and job providers can subscribe to the membership plan and can access numerous profiles and job posters.

Ads - Being a job portal, you will get sponsors and ads from different companies. Ultimately, revenue from ads will surface up to be the major part of your income.

Freelancing has increased popularity due to the freedom and the ability to earn more revenue. Job opportunities during the pandemic have gone down. At least, the opportunities for genuine job profiles are low. To rise from the issue, launching a job portal app like Upwork Clone will help connect many companies- Small and big firms, freelancers, and job seekers who wish to freelance.

How does Upwork Clone Function?

Appdupe concentrates on listing freelancers with a list of jobs for the benefit of employer and freelancer. It works in the following ways:

Freelancers can contact employers quickly and bid on the job offer

Freelancers can check the company and employer’s profile for reviews

The advanced filter option can help the employer on a good freelancer

Employers can communicate with the hired freelancers and track their progress of work and pay according to secure payment modes

User-friendly dashboard to update personal details as education, experience, skills, profile picture

Freelancers can mention their fee range, timelines, bids on projects worked

After being approached by the employer, the interview can be conducted at any allotted time and begin working.

Features of Upwork Clone App

Hassle-free profile creation

Easy communication

Safe payments

Innumerable opportunities

Membership plans

Premium benefits

Escrow commission

Dispute management

Social media integration

Earn revenue with Upwork Clone

Upwork Clone script offers a wide range of ways to earn revenue:

Commissions from employer

Subscription fee

Invoice commission

Freelance commission

Feature fee

Sealed fee

Project listing fee

Skill test commission

Private fee

Final Thoughts- Why choose Upwork Clone App