Sunday, April 3, 2011

Odesk: Hourly Rate and Fixed Rate

There are two ways on how to earn in Odesk, hourly and fixed compensation.  Buyers/employers decide if they will pay their contractors in hourly or fixed rate.  I haven't had any experience on applying for a fixed rate job because I really don't want to take risks.  However, knowing Odesk buyers would really pay for their contractors be it a fixed or hourly rate.

Fixed Rate

You should be certain that you know the job well and you will finish it on the time that was agreed.  On jobs having fixed rate, you will have this disclaimer in Odesk to know that the payment is not guaranteed.  Once, you agreed on the application will be sent to the buyer.

sample of job requiring fixed rate


Hourly Rate

For me, jobs that compensate hourly is better than of the fixed ones.  You might ask how would the buyers know that you worked on a particular hour.  You need to download Odesk Team.  In Odesk team, you could start your time in a particular employer and this particular software would have screen shots on the tasks that you do in an hour.  Through this, the employer would know how many hours will be paid for you.


Watch about the Odesk team room.
 

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