oDesk Term: Hourly and Fixed-Price
Applied for a job and confused about these terms: Hourly, Fixed-Price? Here are some tips.
Hourly
If you apply for an Hourly job here are the advantages:
* Hours Worked = Verified Payment
* You will get paid weekly.
* You won’t meet deadlines.
* Your hours worked will be credited on your oDesk Profile
You will need to sign into your oDesk Team Application for this to happen. If you don’t have the skills, then an hourly rate would best fit you.
Fixed-Price
If you apply for an Hourly job here are the advantages:
* No need to log hours.
* You can request for an upfront payment.
But there are disadvantages:
* You will have to meet deadlines.
* You’ll have no guarantee. If the buyer doesn’t want your work he has to option to pay or not pay you.
* You will earn the same amount of money even if you have finished it ahead of your deadline.
* Your hours worked in a Fixed-Price jobs will not be credited on your oDesk Profile.
Hourly rates are small, yet you are sure of your payment. Fixed-Price rates, on the other hand, are high but the payment is not guaranteed. If you are sure that you can meet deadlines and you posses the skill then you can do Fixed-Price jobs. For newbies, it’s best to do Hourly jobs for this will build up your experience here at oDesk.
Advertisement
