If you are looking to hire or be hired for particular freelancing services then odesk and elance have it all. These are, in fact, the leading global outsourcing sites boasting the largest share of estimated 40% industry growth. This elance vs odesk comparison provides lots of insight on where to seek the best freelancing jobs.
Which is the oldest in the industry?
On matters age, elance is leads the way. Established in early 1999, elance is up to 6 years older than odesk which was established in late 2005. This age difference is seen in the nature of the services the 2 provide.
Over the years these outsourcing sites have grown their work force differently. Odesk has an estimated 3.1 million active users while elance trails behind at about 2 million. In terms of proportionality of posted projects however, elance is far ahead at 3 million job posts whereas odesk is at 3.6 million. It is very apparent that it is much easier to land a job at elance as compare to odesk.
When comparing elance vs odesk it is imperative to mention something on the cumulative earnings estimates. Freelancer earnings from elance stand at about $739 million while that for odesk stands at an amazing $920 million.
Which types of projects are offered by the two platforms?
Both odesk and elance have almost the same types of projects- hourlies and fixed price projects. Odesk comprises largely of hourly projects while elance has a relatively even distribution between the 2.
What about the payment services?
Both odesk and freelancer have payment systems via which they pay their freelancers. They charge relatively low tax fee and this way they make their payment package very attractive. Elance charges low rates of just 8.75% per project while odesk does it a little higher at about 10%. From this, it is clear that it is cheaper to work at elance as compared to odesk.
Odesk is well known for pioneering various aspects in the freelancing arena. Hourly projects and the use of tracking software were all first used at odesk. Elance on the other hand boasts using the latest software such as cloud computing and web 2.0. It has been selected as one of Red Herring’s top 100 companies.
So, which is the better: elance vs odesk?
To decide on the better of the 2 calls for consideration of various aspects, most of which we have captured above. Generally speaking, each of the two has its strengths and weak points. Just some very quick overview. Odesk has a much bigger proportion of users as compared to elance. In terms of proportion of projects, elance is far ahead of the game. This also translates to higher probability of securing a job inn elance as compared to odesk. Returns are also much better in elance as compare to odesk.
A choice of the better in the elance vs odesk comparison is thus more individualistic than holistic. That is to say that it is up to the potential freelancer to decide which one satiates his or her needs best.