Category:
Freelancer Script
Five Types of Revenue Models for Every Freelancer Clone Website
By admin on May 26 2022
Not every entrepreneur can undertake a successful business online. Not everyone has the guts to do it and the capital to back him up.
But wait…
You can change your fate with a freelancer clone from the Best Freelancer Script and unleash the true potential of a freelance marketplace. Now, anyone who isn't interested in opening a gig platform, you can either leave or stay long enough to become a millionaire by the first quarter of 2023.
The choice is yours!!
Need for strong revenue models
Every business has its revenue-generating streak and you must have it too. Therefore, to make success your second name, you must know how to effectively utilize a freelance PHP script in 2022. This is just the right opportune time to monetize your website effectively and rank higher than ever. Let's check out the popular revenue models.
Transaction-based revenue model
This is the most way to earn by selling service to a company (B2B) or a customer (B2C). Some of the ways to do it are:
- Licensing: Also known as a one-time purchase idea, this involves selling a freelance platform with all the bells and whistles. The buyer just needs to declare that they will not resell the source code.
- Subscriptions: This is a recurring-based business model by offers exclusive perks to recruiters and buyers against a certain fee.
- Pay as per usage: This is a clever tactic employed by site admin to charge users based on their monthly, weekly, bi-weekly, or yearly basis.
- Freemium/hybrid pricing: Starting as a free-to-use platform and gradually integrating monetizing factors. This is often referred to as the hybrid model as it often reserves some functionality for the later stages.
Commission-based revenue model
This is undoubtedly the second-most common revenue model to incorporate in the best freelancer clone script. However, as businesses are changing the ways of earning revenue, you should change it too. Some of the most common ways are to earn from every successful bid, job post, landing new awards, dispute management, and so on.
Note that –
There's something called tiered commission. This is somewhat a new concept. A flat rate or percentage is levied on certain transaction volumes. It can be charged per transaction as well. The admin decides on it.
Advertisement model
This is another common method to earn from leasing out spaces for advertisements. Much like classified portals, a freelance platform can also earn substantially by renting out spaces. However, you need to make it the freelance PHP script. Otherwise, the script might not support it properly. Now, depending on the rate of organic traffic, the revenue potential increases likewise.
Interest-based revenue model
Have you heard of it before?
Probably not…
An interest-based revenue model is solely based on the type of revenue generated in the form of interest on their –
- Loans
- Deposit payments
- E-wallets
A freelancer clone must have this option readily available. It is extremely important as small and medium-scale businesses are increasingly using this revenue model.
Once an interest is generated by a customer by making a deposit or repaying a loan or simply investing in a venture – a percentage of the sum will be deducted as revenue at the end of tenure. You can compare this method much to the banking procedure. However, make sure your script supports this advanced feature.
It is always recommended to schedule a demo before making the final purchase. Only if you find the Best Freelancer Script up-to-the-mark, request for a rough estimate.
Affiliate-based revenue model
This is more like the commission model – only, somewhat different. The principle difference is that your business draws a commission from the recruiters rather than from the freelancers. A supplier of a service and a project contractor constitutes the essence of an affiliate model. The contractors refer (rather re-direct) to the supplier's services. Referral links are used to generate income (a certain percentage) from the sales done.
Hope you get a freelancer clone that can offer all of these revenue models. Only then you can expect a handsome return on investment by FY 2023.