Elance (deleted)

Elance, where companies find, hire, manage and pay contractors online, is transforming the way businesses get work done.

On Elance, companies gain instant access to more than 99,000 rated and tested professionals who offer technical, marketing and business expertise. With more than $215m in Elance earnings to date, independent professionals use Elance to meet clients and get paid for delivering great results.

Elance is experiencing record growth. In the past year, over 270,000 new jobs have been posted on Elance representing well over $100,000,000 of work. Over the same period, over $60m has been earned by elancers for work delivered and over $200m in all.

The record growth on Elance is fueled by more businesses hiring "on-demand" to maintain flexibility and cost-effectiveness. Getting work done online by independent professionals is a major trend as companies have discovered the benefits of using the expertise available through online experts, and as an alternative to adding headcount.

Elance makes money when the work is delivered and payments are made through Elance. When clients (employers) make payments to their service provider(s), Elance deducts between 6.75% and 8.75% from each payment to cover its Service Fee and Payment Processing costs, transferring the remaining amount directly to the service provider’s Elance account.