I haven't been around on the forum - have kept manic busy in the last couple of weeks. Just wanted to share this simple method with everyone that I've been using for some time now.
What I'm going to share with you is nothing new or revolutionary but it works and I'm sure someone can use it for themselves
So here's the process:
- Register on freelancing sites like RentACoder, Elance and Guru.com
- Go through the projects that have been posted and find the ones that interest you and in which you have expertise in
- Place a reasonable bid on the projects you liked. While bidding, make sure you've read all the requirements of the buyer. Come across like you KNOW what you're talking about (use examples from your previous work and show how it relates to the current project - ).
EDIT: Previous work means work done by other coders for you, not your own work. As Becky pointed out in her post below, it'd be dishonest if you show your work as a sample and then hire someone ELSE to do the work.
- When your bid is accepted, thank the buyer and get to work.
- Look at the buyer's description of the project and write your own, shorter version of the same. Try to explain the whole thing clearly in lesser words. You can hold back some information regarding the URL of the site on which the coder will work and reveal it only in a private message or only to the winning coder.
- Using that description, post a NEW project as a buyer on the site. Set your maximum acceptable bid lower than what you bid on the original project (obviously )
- When you receive some bids, select a coder and make sure he/she delivers quickly. Their turnaround time should be LOWER than what you promised the original buyer.
- When the coder finishes their job and provides you with the final deliverables, check them thoroughly. If everything is ok, accept their work and pay their dues.
- Take the deliverables and give it to YOUR original buyer.
- When the buyer accepts your work, you get your final payment after deducting the fees charged by the site. You can subtract what you paid your coder and what's left is pure profit for no real work
Personally I bid on 5-10 projects everyday. It takes me 30-45 minutes a day and it's good return for almost no work on my part. Just this weekend, I've made net $130. When this week ends, I'll be getting nearly $250 as profit from 2 projects.
NOTE: If you find someone who does great work for low prices - REWARD them. You can pay them small bonuses and keep them in mind when you need to get a similar project done.
Go out there and take action!