Making $$ - a strategy…
January 7th, 2006
I’ve been using & refering people to www.planetsourcecode.com for such a long time now & this never occured to me… probably because i was not mature enough or i never thought on these lines!
www.rentacoder.com is a sister site of planetsourcecode (it seems so) which facilitates the meeting of a software buyer & a coder. People put up bids (software buyers) for projects that they want & people like me (coders) bid for those projects. Those bids which have a certain level of intelligence & honesty & a decent budget, get accepted by the buyer. The coder finishes the task & the buyer gives him the money. Rentacoder.com is the mediator, which facilitates this transfer of money & keeps a watch on all activities, preventing any foul play. Not to mention the 15% cut from each transaction goes to rentacoder guys!
& people have made millions by just bidding for such projects & completing them on time. For example, Tometa Software, Inc. has a net earnings of USD 1,956,532.30 (member since 9th Dec, 2001) & this ain’t a small amount! (INR 8,80,43,940)
So, what can be a successfull business plan?
What i realized after surfing & scanning zillions of biddable jobs at renatacoder was that they all can be clubbed into some categories, namely…
1) Development (core)
a) Win32
b) Linux
2) Development (web)
a) .NET/win32
b) LAMP
3) Software Testing
4) Infrastructure / Server management
5) Misc tasks
(might be other streams as well…)
So, if a team can be formed which can take up specific streams from these categories & deliver timely results, making money at rentacoder will not be a challenge atall. 5-6 people working under the same “nickname” can simultaneously bid for projects (in different or same streams) & deliver timely results. Profits can be shared according to the amount of work done or according to the number of BIDS completed.
I think, this model is definitely worth a try… atleast there’s nothing to lose. No risk & all gain!
off to bidding new projects 
Posted in Rent-A-Coder | Comments (1)
January 8th, 2006 at 9:19 am
maybe not with same nickname but as a team name.
try getafreelancer.com