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Freelancing platforms are a great way for beginners who want to start making money online. Whether you are looking to pay the bills, or seek more professional development opportunities, there is no question that many people have discovered the benefits of working that way.
There are a number of people competing for jobs in freelancing platforms like Freelancer, Upwork, 99Designs, etc… The competition is getting higher and higher, because the lifestyle of a freelancer is gaining more and more popularity.
You can find many people who are willing to work for you for a reasonable price on these websites. Another way to find great people is to search them in Facebook groups from engineering universities.
If you are looking for someone who can do something specific, you have to find a Facebook group which consists of future engineers. You have to search the group by country, because you would prefer to have people from your country.
When you are hiring for the first time, you have to budget half of what you think you are going to spend on them. If the project is $2K, you should tell them something around $1K. They will be satisfied with that, because that is probably closer to what will get from a job for a month.
If the customer wants the project to be delivered within 2 weeks, you can tell your employee to deliver it within 1 week. That is the 50% rule. The risk management is very important. You should stay on the safe side. Usually whatever you do, you end up spending a little bit more.
When you do something for the first time, you have to be even more careful.
Another rule is do not spend the money before the project is delivered. There are a lot of things that can go wrong. The customer may not be happy. You do not know how the employee will deliver the project. This is why you cannot pay upfront.
Also, always take your money from the customer upfront. There are a lot of people that may not want to pay you after you deliver the project.
This is how you find people, hire them and how you manage the process the project of outsourcing the project to them.