Have you bid on projects with the opportunity or high-value label before? You may have wondered why these projects require 3 proposal credits rather than the 1 proposal credit needed to bid on other projects. We recently changed the name of these potential high-income projects from high value to opportunity, but we’re not stopping there.
We introduced the opportunity label – originally high-value – a year and a half ago. Opportunities offer freelancers the chance to identify projects that may convert to further work. Our belief that the convenience this offered to freelancers meant that these projects were worth more in proposal credits. As a result, we introduced a mandatory 3 credits requirement to bid on any opportunities with this label attached to them.
However, after reviewing this process and listening to feedback from our PeoplePerHour community, we’ve made the decision to reduce the required proposal credits number to 1 credit. We hope this will improve the PeoplePerHour experience for our freelancers, and also be beneficial to buyers.
Why is an opportunity worth bidding for?
Opportunities are projects that we predict are more likely to generate high additional income over the next 12 months, based on historical data. This makes it easier for freelancers to identify projects with a potential higher income that could represent an opportunity.
For example, you can see a project that only pays £10 but is listed with the opportunity label. This is because our previous learnings suggest this buyer will go on to use freelancers for further projects. However, bear in mind that our predictive model is not 100% accurate, so there is no guarantee of repeat work.
Are you happy with the update? Let us know your feedback in the comments section below.