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$700 000 Russian programmers on Odesk

by fahadabrarkhan
8 replies
I was browsing through the Odesk website and I saw one programmer worked 11 000 hours and his hourly rate is $60 per hour. So multiply the number of hours worked by the hourly rate and he earned close to $700 000 just by learning how to code. Sure the programming languages are hard and tough. But still it is a good amount of earning
#$700 #odesk #programmers #russian
  • Profile picture of the author MarketingBees
    I THINK the $60 is an amount they set on Odesk but it's negotiated with every job.

    However, there's also multiple levels of programmers many who earn far less and some who will go onto earning that from one job.
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  • Profile picture of the author NK
    Also, how long has he been working and is he doing it alone? I know programmers who actually takes work from one account and have 2-3 ppl actually working at the same time.

    MarketingBees is right, the hourly rate on the profile is usually higher than what they actually bid for. Not to mention he probably didn't start off with that rate in the first place. You don't just start bidding for jobs at that rate with zero history.

    If he worked 10 hours a day on his own, every single day, it would have taken him a little over 3 years to reach that amount. That would indeed leave him with a very impressive $20k/month income. Even if he did it over the course of 6 years that's still a pretty impressive numbers at $10k/month.

    Good programmers are hard to find. Great programmers are even more so. $60/hour is really high IMO and judging from the hours he put into it, he must be good at what he does.
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    • Profile picture of the author nik0
      Banned
      $60 doesn't really sound like a lot for someone with programming skills.

      If I hire a plumber or electrician I also pay at least $60/hour (most charge more).

      When I personally worked as a freelancer for a few months I received almost $40/hour (construction job that didn't require any skills).
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  • Profile picture of the author David Hooper
    Agree with NK. Sounds like this is a service with multiple people working. This can be good or bad. It's good in that it can go quickly, but sometimes the communication isn't as easy as it is when working with one person. You're usually going through a project manager though, so you'll be connected with one guy personally and he'll do all the rest for you.
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  • Profile picture of the author cyberzolo
    Dang I guess there is a lot of money to be made on Odesk. Only thing is I hate freelancing, its like you are a slave.
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  • Profile picture of the author hbhanot
    Is he still working there or left for vacations..
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  • Profile picture of the author writeaway
    If that programmer knows his or her stuff and adds solid value, he or she is worth every penny of that rate. Don't assume that skills are commodities. They aren't. Some coders are worth paying extra for due to the quality of their work.
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  • Profile picture of the author IMMer1975
    Ditto what some people here already said. GREAT programmers are worth a fortune. Sometimes a higher hourly rate for a A-player works out cheaper than a lower rate for a B-player with all the back and forth, poor quality etc.

    It's a great income stream to be a developer. Even with all the offshoring, programmers remain in demand. In the US, starting graduates can easily get $80-$100k per year. One big drawback of course, it's not passive income and not easy to scale. But as far as "working" goes, it's a great gig.
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