Analysing the pros and cons of this relatively new, but very successful, online phenomenon will depend upon whether you are seeking work or an employer looking for cost-effective resources. Services such as Odesk, Guru and Elance have been cashing in on globalisation by providing the means for even the smallest of businesses, individuals even, to outsource just about any process or project.

Low cost outsourcing

The theory is simple enough, you need something doing but you don’t have the skills or the time to do it yourself, so you sign-up to one of these services, place an advert and wait for the bids to come flooding in. You select your preferred bidder, and if they agree to the terms of your engagement a contract comes into effect until the job in question is completed satisfactorily.

Each of the main service providers uses their own specific models to earn revenue from the user base, and at face value it appears to be a highly profitable business to be in. The question is however, how effective a means is it for outsourcing, or indeed finding work?

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