Archive for the 'SMB' Category

Project Contract- Building Mutual Trust on LimeExchange

The Project Contract on LimeExchange helps to determine in advance how the project will progress from stage to stage or milestone to milestone. Before the project execution gets started, both the parties have to agree to the terms and conditions laid out in the Project Contract, which comprises of milestones and attachments.

Why Project Contract?

  • Both the parties mutually agree on scope, deliverables, payment and schedule of project.
  • Increased transparency and mutual trust
  • Sustained monitoring of the project at every stage.
  • Project Contract for a Buyer

    On receiving a bid, the buyer can view the Project Contract sent by the service provider and can agree/disagree or edit the same. However, if a buyer edits the Project Contract sent by the provider when the project is in the bidding stage, the contract is automatically withdrawn. But if the project is in progress and a buyer submits a new Project Contract, the previous one would continue to hold until the new one gets approval from the service provider.

    A buyer can also attach:

    • Statement of Work (SOW) – stating exact scope of the work to be completed, often known as deliverables.
    • Master Service Agreement (MSA) – stating the terms and conditions and modalities for the completion of a project.
    • Non-Disclosure Agreement (NDA) – restrict providers from disclosing any confidential or business information obtained during the completion of a project.

    A buyer can award his project to a service provider provided the provider confirms his ability to execute the project within 48 hours of selection of bid and the Project Contract stands in the ‘Agreed’ state.

    Its Advantages:

    This unique work flow (Project Contract) safeguards a buyer’s interest against non-delivery or provider’s inability to work for your project, reducing the chances of any mediation. However, there are times when changes need to be made in the Project Contract circumstantially. In such a case, either of the parties may initiate the changes in the same but the other party needs to agree to the changes made therein.

    Project Contract for a Service Provider

    While bidding for a project, the service provider creates a Project Contract describing his bid in terms of milestones and project amount and sends it to the buyer for his approval along with the attachments (Statement of Work, Master Service Agreement and Non-Disclosure Agreement).

    It may also happen that a provider gets a project Contract from the end of the buyer. In such a case, he can agree/disagree or edit the same and resend it to the buyer. However if he agrees, it doesn’t mean that his bid has been selected and if he disagrees, it doesn’t mean that the negotiations between the buyer and him have come to an end.

    Its Advantages:

    Project Contract protects a service provider’s interest against non-delivery due to your preoccupation with other work and projects. However if he confirms to work on his project and the contract stands in ‘Agreed’ state, the buyer needs to escrow the project amount to our platform.

    Hope our Project Contract would minimize the chances of intricacies associated with project execution. We welcome your insights and suggestions on the same.

    How to find clients in the ongoing financial crisis?

    “Successful job seekers know that even in tough economic times, there are opportunities. You just have to dig a bit deeper.”
    Roberta Chinsky Matuson, President of Northampton, Massachusetts based Human Resource Solutions.

    The current financial storm has adversely affected the economies of almost all the countries across the world. Freelancing has emerged as a good option for many, who wish to play smart in current financial crisis.

    The biggest challenge that you may face in freelancing is to find new clients at this hour. As this financial disquiet will take some more time to subside, you must have a well-devised strategy for attracting new clients and orders.

    We have listed here some tips that can help you find clients even in today’s economic scenario:

    Use social networking tools for marketing

    How you choose to market yourself will directly impact how long it will take to find a new job.” — J.T. O’Donnell, a nationally syndicated workplace columnist.

    In the existent recession, marketing has to be focused and cost effective. Web gives you adequate social networking tools to market your skill set effectively. social networking You can make a good professional profile on leading social networking websites like LinkedIn, Twitter etc, and collaborate with clients from all parts of the world. This might bring you in contact with a potential client, who may be in look out for a dedicated and competent freelancer like you.

    Also, you can register yourself and create an effective portfolio on any online services marketplace like ours. You can get real-time access to projects matching your skill set and get started with making great profits.

    Use Word-of-Mouth business strategy

    “Customers set up a hierarchy of values, wants, and needs based on empirical data, opinions, word-of-mouth references, and previous experiences with products and services. They use that information to make purchasing decisions.” — Regis McKenna, a well-known marketing guru & Chairman of the Board of the Santa Clara University Center for Science, Technology and Society.

    Clients value the feedback that freelancers receive for the quality-backed services they render. Ask the clients, who you have worked with, to post their testimonials and feedback for your work on different forums so that you gain word-of-mouth publicity (a powerful public relations weapon) and gain access to new clients and orders.

    The feedback given by the clients that you have already worked with would serve as an index for gaining access to new business opportunities as the work done by you will be recognized by the employers themselves.

    Add credibility of your portfolio

    If you wish to attract new clients towards your portfolio, you must concentrate on adding credibility to your profile by supporting it with complete description of your skill sets. We would also advise you to prove your credentials to the business community. The best way you can do it is by taking Online Skill Tests and getting a certified seal on your profile.

    This strategy can help you reposition yourself in the highly competitive job environment of current times. Further, you can also strengthen your portfolio by getting your credentials verified by an authenticated investigation agency (like Justifacts on LimeExchange). This will serve as a hallmark of trust on your profile and bring you in the front of the queue of bidders.

    Stretch your professional limits and competences

    Companies have resorted to cost cutting and are on a serious look out for freelancers with multidimensional creative and technical abilities. Pushing your limits can really act as effective ‘gap fillers’ and improve your portfolio. If you’re a freelancer, you need to have more flexibility as compared to full-time employees. Look out for roles that you can play outside your work preferences. money online

    “New skills can come from a small part of your job that you most enjoy doing.” – Diane Morgan, Director of Career Services at London Business School.

    For example if you are a content writer, you can opt for less-specialized role such as that of a proofreader or an editor. This way you can price your less-specialized role too which you can’t do as a full-time employee as it would fall into your kitty as a part of your overall service.

    You may take some time to stretch your professional limits. However, this is not impossible and you should always attempt to learn something new every day to broaden your comfort zone.

    Keep in touch with your clients

    Always make an effort to remain at the forefront in the minds of clients you’ve worked with so that in future if there comes up an opportunity, it’s your name that certainly comes in the frame instantly. You can stay in touch with your clients and contacts through different means such as emails, calls, social networking tools etc.

    business networking You can even post a blog on any theme and send it to your former and future business associates. This can be an effective way to reach out to your clients and keep them interested in your portfolio. You can impress your future clients by sending them updates and latest industry events pertaining to their business domain.

    You can further attract your clients by giving them some value-added suggestions regarding their products & services and also recommending them some new features integrating which their business can flourish.

    We hope that the above-mentioned practices will help you strengthen your profile as a freelancer and fetch you lucrative projects even in such rough times.

    How to best use LimeExchange: SMBs, SMEs get more business!

    As we discussed in our previous blog about how Individual freelancers can ‘Best use LimeExchange’ to get more work opportunities by completing their profiles similarly, small medium businesses (SMBs) & enterprises (SMEs) can also reap the benefits by providing detailed profile at LimeExchange.

    Profile Completeness, is a must for all service providers to acquire more freelance jobs and to become an established workforce at LimeExchange. After creating an account on LimeExchange, make sure that you have filled up all the required fields as given below:

    1.General Information- Provide correct details such as Company Name, complete address, the country /countries your offices are located in and the contact details. By giving accurate details, you increase your chances of attracting more buyers from your own preferred location of work. Do not forget to mention that you are a SMB or SME. SMB1

    • Profile type- If you are a SMB or SME, select for business type. Fill in all the necessary details for e.g. in which year your organization was founded and the current number of employees working in your organization. Be upfront in giving all the information as this will help you build credibility among the buyers and other communities at LimeExchange.
    • Overview- Provide short, precise and complete details about your company, this will help buyer know you better. You can also give URL of your company’s website and also have SEO keywords listed to derive benefit of the traffic and your profile to highlight your company.
    • Educational background- Provide details on academic qualification (school/ University) of your top executive management as this will enhance company’s credibility in this cut-throat freelance market.
    • Skill set – Add your employees’ expertise, services and strengths. This will help you acquire best projects at LimeExchange, To see some examples, check out some profiles on LimeExchange who have already got hold of many good projects owing to variety of skill sets of its employees.
    • Work experience- Here you can mention the work experience of your top- level management and experts, their clients and the number of years they have spent in a particular business domain.
    • Upload / link your certifications, the issuing “Institute” and the year in which it was attended/ awarded to your outstanding employee or a top-level executive. Sometimes a good certification can bring an impressive project in hand.

    2. Company info- It includes all important information regarding your company, its infrastructure, about your employee strength, number of offices and its branches. If you have dedicated QA labs, mobile testing labs or other specialized services, clearly mention in infrastructure section as this will prompt buyers looking for such service stations outside their country to land up on your profile and award you the projects.

    3. Portfolio – Create an effective portfolio to get maximum projects to work on LimeExchange. If you have designers/ software developers or any other professional in your organization, you can provide links of your past successful assignments or upload any non-executable file up to 10 MB. The file may contain an image, audio or video. Also, upload writing samples of writers/ bloggers with their portfolios and get awarded with more projects.

    3. Connections- connect with your old trusted network with which you have worked in the past, build Company’s network to obtain better projects.

    4. Limestand- If you are a company which provides graphic design category professionals, upload their work samples for e.g. Design, Illustration, Print Design, 3D Modeling/CAD, Blog Theme Design, etc. design logos, banners and creative using our Limestand feature. The community votes for the best and enhance your chances of getting great work opportunities at LimeExchange.

    We encourage, all our providers to work actively on completing their profile to get more number of project(s). And continue reading our blogs as there is lot more to come in our next blog on “How to best use LimeExchange- Notifications”

    How to Best use LimeExchange – For Individual Freelancers #1

    Online Profile? Why do I need to have a profile on online services marketplace? Why is it important? Tell me more…

    Online Credibility, Online Profile, Profile completeness

    Well…Your Profile is your online resume, it is your credibility online. The first thing which a buyer would look at is your profile and in this glance you need to generate interest in the Buyer’s mind, who is looking at outsourcing work. Buyer needs to know at a glance about you and develop trust online. Unless he feels comfortable with what he sees, he would not reach out and spend time for evaluating your proposal.

    You might ask now, so what do I do?

    Well…Your Profile should have

    - Concise and precise details on Summary/About section, Education, Relevant Work Experience, which help establish your background.

    - It should consist of your images, photographs, videos, which you can showcase as your online presence and help establish authenticity.

    - It should contain a complete list of all your skill sets corresponding to your expertise/specialized area of work (say Flash, Adobe in Graphic design; Joomla, Drupal, Perl PHP, Java in Web Development; dotNet, VB, VC++ in software development; Online Blogging, Ghost writing, English to Russian, Chinese in Writing & Translation and much more), which you possess.

    - And against the common understanding of literal nomenclature of ‘General Information’, precise and valid information about your existence & authenticity. Valid address, and details, which a buyer can search and find out easily and establish a verifiable online presence.

    This and many such small things would go a long way in leaving a lasting impression on the Buyer’s mind and establish credibility and trust.

    At LimeExchange, you get up to 10 MB of free space on your profile to upload as much as information as you feel would help provide the right testimonial to the buyer.

    Read on to find information on ‘How to use the tools available @ LimeExchange for your profile‘?

    So why feel shy in detailing your profile? Use it in the best possible manner!

    Do let us know your comments on this blog post and we will try and provide more and more information in days to follow.

    P.S. Yet again more resources to provide more information on this subject. Interested …then Read on

    - Some best practices to know about creating and maintaining your online profile

    - Why is it important for earning online?

    - An old yet informative List of 100 sites requiring a detailed online profile for getting jobs on the web.