We need a better freelance marketplace. If you agree, then read on.
Clients seeking talent on major freelance platforms often encounter a
frustrating reality. Their project postings are met with an overwhelming
flood of proposals, many from individuals clearly lacking the necessary
skills or experience. This deluge forces clients to spend valuable time
sifting through numerous unqualified applications just to find a handful
of suitable candidates. Even after this time-consuming process, the
quality of work can be inconsistent due to the open nature of these
platforms, leading to project delays and subpar results.
Adding to this frustration is the escalating cost of using these
services. What once seemed like a straightforward fee structure has
evolved into a complex system of charges. Clients now face not only
commission fees but also various additional costs such as marketplace fees
and payment processing charges. For businesses relying regularly on
freelance talent, these mounting expenses can significantly impact their
bottom line, often without a corresponding increase in value or quality of
service.
Proposal Paralysis
Inboxes overflow with a torrent of unvetted pitches, many from woefully underqualified applicants.
Quality Roulette
Each project becomes a gamble, with inconsistent results damaging timelines and bottom lines.
Hidden Costs
Escalating fees chip away at budgets, with commissions, marketplace charges, and more eating into resources.
Trust Deficit
The revolving door of freelancers makes building reliable relationships difficult and usually not incentivized .
Though a single platform is likely not going to sufficiently fix all woes,
we believe that the core design and implementation of current freelance
marketplaces unsurprisingly led to many of these issues. A better
thought-out version could bring about a more efficient with better
incentives, and we believe that our solution is the simplest and most
sensible of them all.
On our marketplace, clients can build their own marketplace of invite-only freelancers.
They can manage who is part of their freelance pool, who can bid on new services
and projects, and ensure that only trusted and qualified freelancers are part
of their network. This also allows
freelancers to focus on building a powerful brand
through a profile that showcases their portfolio, career history,
client testimonials, publications, and more to earn trust before connecting
on a potential project.
The reason that this could work is simple. Look at the chart below:
Before. A typical design of a freelance marketplace.
This is how some of the popular freelancing marketplaces (not all) typically
structure the platform. It's a basic design in which one huge marketplace
exists with a bunch of freelancers, and into which clients can submit their
jobs. Then out of this huge marketplace, freelancers, sometimes without
restrictions, can bid on those jobs, creating an inefficient process and
poor experience.
Now compare this with our design below:
After. WorkSonata's design of client-based, invite-only freelance
marketplaces.
WorkSonata will become an ecosystem of invite-only freelance marketplaces
that clients can manage. This naturally cuts down one huge marketplace to
several smaller ones, with each one directly created by the client. This
provides natural incentives that other freelance marketplace typically don't
have.
For example, instead of trying to control for the
supply-demand issues, usually due to low quality freelancers and projects,
by forcing additional compensation or basic filters that can be easily
bypassed, our clients will dictate the freelancers that they've vetted and
trust beforehand, and allow these freelancers to participate in their own
marketplace.
This provides several obvious benefits:
- Curated Talent Pools: Businesses can create their own invite-only
marketplaces, ensuring access to pre-vetted, high-quality freelancers.
- Quality-Focused Matching: By allowing companies to hand-pick
their freelancer pool, WorkSonata prioritizes quality matches over quantity
of applications.
- Streamlined Hiring: With a pre-approved talent pool, companies
can quickly initiate projects with trusted freelancers, significantly reducing
hiring time and effort.
- Enhanced Control: Businesses have full control over who can
bid on their projects, ensuring alignment with their quality standards and
company culture.
- Efficient Onboarding: By maintaining a consistent pool of
freelancers, companies minimize the need for repeated onboarding, increasing
overall productivity.
We are still finalizing our pricing strategy, but it will likely be a
subscription + commission model. Our commission will only be around 5-7%,
which we believe is fair and one of the lowest in the industry, and the
subscription is to help certain clients and freelancers scale if they so
need. We also plan to experiment in offering a subscription-only option to
qualified members on a case-by-case basis.
Importantly, clients and freelancers will have
free access and ability for core functions such as project posting,
project bidding, account/profile creation, messaging, etc. We are looking to
provide as much value as possible, while aiming to provide even more for the
ones who are serious about growing on our platform.
Start Now for Exclusive Offers
We're currently in development, but are accepting new profiles to join our
waiting list. Only those who are already signed up will have access to
exclusive
discounts as a way to show our appreciation for their early support. Sign up
below: