Danny Margulies quit his job.
Next he wrote 'how to make money writing' into Google.
Two days later he had his first client on freelance marketplace Elance.
It's become his sole place for finding work.
Fair to say, he's making more than enough money writing now.
Note: Since recording this episode, Elance has been phased out to join forces with ODesk to become 'UpWork'. All of the advice etc stays the same across freelance sites whatever they may be called.
Let's be clear: Danny does not work for Elance.
Here’s some of the key takeaway points:
Be prepared to earn less to begin with while you build up your reputation (after each job you get 'reviewed')
Check out your competition - figure out what you could be worth
Don't be afraid to learn as you go - there are loads of online resources to teach you (Danny wasn't a copywriter before he started on Elance)
By doing all of your work on just one site (such as Elance) you build your reputation and that feeds more work
Treat it like a business and it will BE a business along with repeat clients over time
Creating a course as a 'passive income' is far from passive - it's a hell of a lot of work, but a great sense of achievement
You can get Danny's 5 Elance hacks (which apply to other freelance marketplaces as well) for free by going to www.freelancetowin.com/being-freelance - we checked them out and they're really good if you're thinking of working online in this way
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