Raket Machine: The Pinoy Yuppie’s Guide to Online Freelancing

Following our Podcast Series on Freelancing, I collected the best tips from there and put it into this freelancing guide for the Pinoy Yuppie. This is pretty long guide, clocking in at more than 2,500 words. Read it. Listen to the podcast episodes mentioned, and more importantly, DO SOMETHING! If you like this guide, then please share it to your friends who would like to learn more about freelancing.

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R A K E T M A C H I N E

Introduction

Do you remember your teachers in Elementary or High School who sold Tocino, Ice Candy, or vinegar? They were trying to make ends meet and found their own “raket” to supplement their income.

Thankfully, in the 21st century, you don’t need to sell tocino or ice candy to earn extra income. All you need is a functioning computer, decent connection to the Internet and a set of good, marketable skills in this knowledge economy.

Based on estimates made by the Department of Science and Technology (DOST) Information and Communication Technology Office, the number of online freelancers in the Philippines is close to a million! That’s a lot of online freelancers who are trying to find a living online.
SOURCE: InterAksyon.com

Elance.com and oDesk.com, which merged in 2013 to become the world’s largest freelance marketplace affirm the DOST estimate. The two websites have over 8 million users all over the world and a full 1/8 of this number hail from the Philippines. SOURCE: TechinAsia.com

The level of income is also huge! It’s significantly huge! Here’s the report from Elance-oDesk, presented at the TechinAsia article:

Elance-oDesk freelancers generated more than US$750 million worldwide in 2013, of which US$76 million (3.3 billion PhP) was produced in the Philippines. From January 2010 to April 2014, the country’s freelancers have earned more than US$207 million (9 billion PhP).

In 2013, Elance-oDesk’s top performing city was Metro Manila, which is the country’s financial capital and most populous region. Freelancers in Metro Manila earned US$29.9 million (1.3 billion Php) for the year. The next top earning cities were Illigan at US$7.8 million (342 million PhP), Bacolod at US$5 million (221 million PhP), and Davao at US$4 million (174 million PhP).

The potential to earn a LOT is there. The market is here. The world recognizes the power of the Filipino freelancer.

onlineassistant

Are you excited? Pressured?

Okay, before you hyperventilate and go crazy in looking for online jobs, take a deep breath and read this article. It will show you how to get started in your freelance career. If you’re doing great in your 8-5 job, fine, you can stop reading now and listen to our podcast for employees instead.

But if you want to try this path for yourself, read on. I can’t possibly cover every single thing that needs to be covered. But I will point you in the right direction.

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