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Upwork:Competition: Difference between revisions
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|Fiverr is well run and the strongest competitor among smaller companies. They compete in a "productized" freelancing segment and don't focus on long term working relationsships. | |Fiverr is well run and the strongest competitor among smaller companies. They compete in a "productized" freelancing segment and don't focus on long term working relationsships. | ||
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|Deel | |||
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|Deel is operating in the EOR segment. At the current stage this is more an opportunity than a thread | |||
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|Freelancer.com | |Freelancer.com | ||
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===== Our assessment of competition from Fiverr ===== | ===== Our assessment of competition from Fiverr ===== | ||
Even though Upwork and Fiverr are on par with each other, Upwork is more attractive to corporate clients due to its lower take rate and availability of hourly contracts. Therefore, as the world shifts to a freelance workforce, Upwork will benefit more than Fiverr. Fiverr may have great marketing, but Upwork recently started spending heavily on brand marketing. If Upwork's brand marketing pays off, it will outperform Fiverr further. We also feel that Fiverr's 20% fee imposed on freelancers is disadvantageous to freelancers who have worked with a client for a long time. That will likely force them to work outside the platform. Nevertheless, in October 2020, Upwork launched Project Catalog, which is similar to the "gigs" feature in Fiverr<ref>https://www.upwork.com/press/releases/upwork-launches-project-catalog-beta-a-new-way-for-businesses-and-independent-talent-to-instantly-work-together</ref>. If clients were attracted to Fiverr instead of Upwork because of that feature, that is no longer the case. | Even though Upwork and Fiverr are on par with each other, Upwork is more attractive to corporate clients due to its lower take rate and availability of hourly contracts. Therefore, as the world shifts to a freelance workforce, Upwork will benefit more than Fiverr. Fiverr may have great marketing, but Upwork recently started spending heavily on brand marketing. If Upwork's brand marketing pays off, it will outperform Fiverr further. We also feel that Fiverr's 20% fee imposed on freelancers is disadvantageous to freelancers who have worked with a client for a long time. That will likely force them to work outside the platform. Nevertheless, in October 2020, Upwork launched Project Catalog, which is similar to the "gigs" feature in Fiverr<ref>https://www.upwork.com/press/releases/upwork-launches-project-catalog-beta-a-new-way-for-businesses-and-independent-talent-to-instantly-work-together</ref>. If clients were attracted to Fiverr instead of Upwork because of that feature, that is no longer the case. | ||
== Deel == | |||
[[Upwork Versus Deel Full-time hiring]] | |||
== Freelancer.com<ref>https://www.freelancer.com/about https://www.linkedin.com/in/mattbarrie/?originalSubdomain=au https://www.linkedin.com/pulse/what-can-upwork-ipo-learn-from-freelancercoms-stock-michael-a-brooks/ https://www.freelancer.com/faq/topic.php?id=36 https://www.freelancer.com/feesandcharges https://www.freelancer.com/hire https://www.freelancer.com/support/payments/milestone-payment-for-employers-2228/ https://www.upwork.com/direct-contracts https://www.freelancer.com/faq/topic.php?id=5 https://www.freelancer.com/about/investor-pdf.php?id=168084920&name=FLN%20ANNUAL_REPORT_2021 https://investors.upwork.com/static-files/881b56ef-812d-456d-89e5-98eef866460e#:~:text=Marketplace%20take%20rate%20for%20the,marketplace%2C%20resulting%20in%20strong%20retention.</ref>== | == Freelancer.com<ref>https://www.freelancer.com/about https://www.linkedin.com/in/mattbarrie/?originalSubdomain=au https://www.linkedin.com/pulse/what-can-upwork-ipo-learn-from-freelancercoms-stock-michael-a-brooks/ https://www.freelancer.com/faq/topic.php?id=36 https://www.freelancer.com/feesandcharges https://www.freelancer.com/hire https://www.freelancer.com/support/payments/milestone-payment-for-employers-2228/ https://www.upwork.com/direct-contracts https://www.freelancer.com/faq/topic.php?id=5 https://www.freelancer.com/about/investor-pdf.php?id=168084920&name=FLN%20ANNUAL_REPORT_2021 https://investors.upwork.com/static-files/881b56ef-812d-456d-89e5-98eef866460e#:~:text=Marketplace%20take%20rate%20for%20the,marketplace%2C%20resulting%20in%20strong%20retention.</ref>== | ||