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What Is the Revenue of UpWork?

Last updated on September 30, 2022 @ 10:22 am

UpWork is a freelancing platform that allows businesses to connect with remote workers from all over the world. It is one of the largest freelancing websites, with over 12 million registered freelancers and 5 million registered clients.

The company was founded in 2015, and is headquartered in Mountain View, California. UpWork was formerly known as oDesk, and merged with Elance in 2014.

PRO TIP: The following note is a warning about the potential revenue of Upwork:

Upwork is a great platform for freelancers, but it’s important to remember that your earnings are not guaranteed. The amount you earn will depend on a number of factors, including the quality of your work, the demand for your services, and the competition on the site. So while it’s possible to earn a good income on Upwork, there’s no guarantee that you will.

UpWork allows businesses to post projects, and freelancers can then bid on those projects. The client chooses the freelancer they want to work with, and then both parties enter into a contract.

The revenue of UpWork comes from the fees that it charges clients and freelancers. It charges a 2.75% fee for every payment made by a client to a freelancer. It also charges a $0.30 fee for every hour billed by a freelancer.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.