 Hey guys, it's MJ the student's act tree and what I want to do in this video is just go through this website called freelancer Now I've been using freelancer since 2015 But I was using it as someone who was posting projects to find people to employ and then I thought you know Why don't I just put myself on this thing and see if there's any work online? So what you do is you put like what your education is and your publications and and how much you want to make it An hour, so I want to make $500 an hour Yeah, so that is quite high But the general idea is so I went to meet a client today and normally like when I'm gonna meet the client it's kind of like they say oh, we're gonna pay you so much and You know we want it done by then and I'm like, okay, that's cool Or they say oh, this is a cool exciting project We'll give you a certain percentage of the revenue share the risk with us and I'm like, okay, that's great But the client today was like how much do you charge an hour? So I was like, ooh, how much how much do I charge an hour? So thought well, let me go and check out freelancer and see what other people are doing So what we can actually do is we can actually go and find I mean, this is how easy it is You can actually go and find a job on the internet So let me I want to find one. Let's say for For finance, let's find finance because finance is Something I'm very very comfortable with so let's actually just quit all of these ones for now and See what we can find worth finance Okay Problem related to finance black skulls geometric Brownian motion model That that sounds like something I can do. I mean that is like ct8 over there They don't really like Say what what they want done. Do they they just said ten to thirty dollars. I Love that the average bird is eighty six dollars They want ten to thirty but what do they want to do problem related to finance black skulls geometric Brownian motion model Let's come as you charge a hundred forty six dollars. Let's cut twenty five dollars and do it in ten days So what we do is we can bid on this project Amount paid to you so we can choose how much do we want it bid? Well, he's project budget is 20 so let's actually I think yeah, that guy's also gone at 25 Let's undercut him. Let's undercut him and go in at 15 dollars. Yeah, and he can do it in ten days So we can do it in nine days Okay, there we go. Let's go place bird. No, I don't want to pay to make a bit That is yeah, maybe if it was like a like a big project Oh, we now have to type in like a thousand a hundred words So what makes you the best candidate for this project? You say I think I Will I what I think I will be the best person for this job because I studied Actuarial science and finance The black skulls Model Type black skulls properly the black skulls model made up part of the syllabus how to spell syllabus Syllabus, oh, I didn't spell syllabus correctly Syllabus there we go Okay, and now we go submit proposal There we go No, I think something came up while I was doing that So let's go. Let's go check my projects. No, no projects How do I find the projects that I've oh someone saying hello to me so I can be like hello The oh this is the person With this one over here Hey, let me ask can you give me More details of what needs to be done smiley face But now there was that other thing the job that popped up How do I never get this website It's a finance related question Okay I'm gonna say okay great What are the specifics of the question? So I'm gonna be posting this video on my YouTube, which means these people who want to employ me on freelancer Are gonna be watching this video. So So this is how I would engage with you. Oh, look, he sent me like a little little document Let's let's check out, but I hope this isn't a virus like I don't know. I'm just accepting a random file Off of the internet. What are we doing? What are we doing? Okay? We are opening Microsoft Word. Oh Question 128 should be answered by building a 15-period binomial model These parameters should be calibrated to black skulls geometric brownie emotion model with blah blah blah blah Blah blah blah blah blah blah If your answer to is yes, do the call what is the earliest time period compute the fair value Okay, so it doesn't look that bad Let's see what he says. I just need solution for six and eight. Oh Six and eight compute the fair value of an American call option with strike cakeles a hundred maturity period in With options on a futures contract Okay, that sounds chilled compute the fair value of a chooser option which explores off the end The cool and put each other strike rate, okay, that sounds great So I can say Okay, cool I Can do this When do you need it done by? Let's see what he says Is this is this how easy it is to get like money on the internet? Like are we just like that's basically like homework? I'm gonna like I just do that anyway to make my my drill bit It's not we're gonna get we're gonna get paid like how much do we bid 25 dollars for this? I know we only bid 20. Oh, yeah, cuz we undercut We undercut this guy. Who did we undercut? Let's check out the guy we undercut. Oh my gosh He's a lecturer from Russia. Oh He's very good at mathematical modeling and finance mathematical modeling transportation. Oh Like he sounds really badass. Check this car. Whoa Stochastic optimization game theory I should actually do My My thing like this. Oh, we've got a question. How long does it take? Let me let me see the question. Yeah, how long will it take? This should take I mean it will take very quick, but I mean, you know, it's December and You know, I think I chill by the pool. So let's say it will Take two days and then that way I'm not pressurizing myself. I Will get it within the the timeline It will take two days Is that okay, it will take two days Take two days This is like it's exciting like you're like, oh, what's he gonna say? Is that like a deal breaker? Like is it gonna be like oh two days. I need it done tonight But this guy this guy looks cool and he's got two recommendations I Can also help with statistics, but I do not write code. Oh, well, I can write code So I'm actually gonna like copy and paste this note that oh, I don't know mathematical model in transportation Can't do that constraint optimization linear programming non-linear programming I need solution for only six and eight not all so okay So I think I think what he's saying is he's unhappy that it'll take two days Um Biscuit nothing else to do tomorrow And I guess I could have this done by tomorrow. Let's say that I can have I Can have them done I can have those two done by tomorrow. I can have those two done By tomorrow Tomorrow but tomorrow night. Okay. Let's see what he says Unless he wants to done like now like I don't know how does this website work do you like the people once they work done right right now Oh check look at all the this guy's pretty good See if I was this guy, I would have hired this dude like he was only five pounds more Oh, he says in hours I can have probably probably to Two hours Let's see that It's asking a lot of questions Copy data from webshop to Excel plus image. I don't want that job. I actually like this a lot. I'm gonna copy copy this guy Okay, I can't say I'm a lecturer in Moscow Because that that is crazy Not gonna copy wood for it, but I like I like what he's done there. He's like it looks all professional So we can Wonder what his qualifications are this I mean this is very statistical and actuarial What is our guy saying over there, what is this mark of chain project? Oh, that looks cool But can I just download this guy's project? What am I doing? I actually don't know what I'm doing on this website Now I have what is this is this something that he wrote Okay, we've got we're talking to the client I Have to check it with my professor Then I will release the money. Oh, so this is a very interesting situation is after you submit the solution I have to check with my professor then I will release the money. Is that okay? so potential scam alert What we to get around this because I mean, you know, he doesn't want to pay and I stuff up I don't want to do the work and then he's like, oh, it's wrong and then doesn't pay So what I mean the best way around this is to say 5050 so 50% upfront 50% afterwards Let's do 50% up front and 50% on completion Completion is that it's for completion Okay, and remember cuz I mean we just got a job just like that. So I'm not gonna be like Selling myself out too low and we did go with a very low price So let's well we're talking to him. Let's go find. Let's go find another job. Let's go find another job on freelancer I feel like doing something something on business plan. This user is offline Maybe no, maybe he's just having bad answer. No, he's back on I was supposed to say that is that was very dodgy Okay, yeah, let's let's cancel let's do What should we do something statistical? No, no, let's do business plan a business plan sounds like fun Let's see if anybody needs a business plan done Feel like making a business plan write a business plan write a business plan for 6,000 rain To look the way the banks and investors wanted to look oh What does this qualified me? I've rewritten a lot using something now I need the infant spreadsheets to look the way the bank and investors wanted to look Okay She's pretty so Quite a lot of people are bidding on this one Why is he better at at triple six I Mean I can create milestones for full amount, but we'll release only after I check with my professor No, we need we need 50% upfront 50% 50% and You got to be polite. I think you got to be firm. Look, I don't don't actually take my advice I'm probably gonna lose this client But it's that whole counterparty risk So this is interesting. How does this website actually get around that whole thing in the sense that you do the work and Because I mean freelancer aren't gonna be like, oh, no Let's let's go and do the black skull model ourselves and actually check if MJ got it done properly I don't think they're gonna do that They're not gonna go and redo this question to see if I actually gave the right answer So I can give the right answer and then the person says I checked with my professor and it's wrong And then I can be like no, it's right and then he's like no, it's wrong I'm not gonna pay you and then meanwhile he actually hasn't taken it to his professor He just hands it in and you know gets 100% for for the job so Let's see what he says He's probably talking to that Russian professor as well. If I'm thinking That not under the freelancer Policy, I can't do that. That's not that not come under who is this guy Total amount release at end. It's from the United States He doesn't have any reviews Although he does have payment verified, but he doesn't have his identity verified. He's on plus membership. He's made a deposit Why doesn't he have a profile picture? I can create milestone for full amount But we'll release only off that check with my professor Okay, let's just say oh Sorry can't help then Okay, let's see what he says. I mean, I don't know how many other people feel on sir Well, there's the Russian guy who can help him with that Okay, let's find find work projects with my skills Write an iPhone application Okay, so he's gone offline Copy pays get mobile development. No, I don't actually want to do Programming so let's kill those ones Creative design Yeah, I think that out take that out Excel they just gonna like give these copy and paste things which sound Get data entry done that that sounds so boring get data entry done From handwritten sheets to spreadsheets full in spirit. Yeah, see so it's this cut out Excel because That's gonna give us a boring word Hope with business finance But this guy wants to pay What? Oh, let's see. This is that's a big amount and he's It sounds like a scam But let's see what it's about It's urgent. It's featured and it's got the recruiter thing I'm loaded for bear and nowhere can I find the funds? What are these guys bidding for? Like is this to bid? accounting finance Payroll Like is he trying to know I don't know that just sounds like like a terrible job description Looking for a finance expert 62 random hour What? 40 hour a week. No, no, no, no, no, no, you don't want you don't want anything permanent No, no, no, no, no. Can't we find like a simple a simple job? Let's just go statistics. Let's see if anybody needs help calculating the average of something Statistics I would like to hire a statistician. Oh This this one looks nice. I have some work in an Excel spreadsheet statistics to be done in Excel Who a lot of people have been on this? If you're gonna draw has been on this so we're gonna be competing against an African animal I Mean his budgets too low. There's too many other people interested in it It's kind of like, yeah, we can do that, but we don't want to go through that whole competition thing. I Would like to hire a statistician Yeah, but to do what? What would you like to do with a statistician? Okay, so not a lot of people have done this this guy's gone with a real low one. He's gone in with $30 and check he's even made his profile picture like graphs and stuff Like that's probably cool This bit on this project I'd like to hire a statistician Is this like like they don't actually explain what what am I gonna be doing in this job? Like just what it was the statistician gonna be doing like are we gonna be designing copulars because then it's like But if it's like calculating the mean Let's go at $15 What? $20 please enter an amount greater than or equal to 25 Let's put No, thanks. Oh We have to you know what I'm gonna just type in something and then we're gonna copy and paste that I Studied Actuarial science and one of my Majors was mathematical statistics Comfortable when it comes to working with data Okay, let's just copy that Paste it somewhere Okay submit proposal Okay, so we've placed another bird your chance of being awarded it is high that is great great South Africa representing We've gone with 30 30 does because I mean how how do you place a bird? When you don't know what's going on here? Okay Okay, let's let's look for Oog a contest or a contest Designing a logo. I need a print book cover design Ooh This is interesting Cover needs to be at least 3000 days of dignity in both The image will be used as the front cover so needs to be print ready for a six by nine book all images need to be I can really using a print book an E-book cover picture of book with your idea on it please submit an image that can be Immediately be used as a front book cover. I mean like yeah, we could do that But it's like on horses That doesn't sound too much fun like too much fun Let's go back. Let's see if there's another Whoops, I have a travel company and for my Facebook page I would need 24 different cover pictures which I could change out the year They charging 164 and and it's a contest Academic writing Create the best computing topic PowerPoint like a people like Just outsourcing the work that they've got. Okay. Hold on Let's this this actually fun. Let's try find one more proper job. Let's find No, no, where am I? How do you use this website? I want to browse projects What is that browsing local jobs, what was that work Browse local jobs fashion photography Cape Town 300 and meters away, that's like that's like next door What do they want me to do? I look at that. These are some people around my around my town Why am I looking at a photography job? I am trying to do actuarial work Let's go browse projects see that so that's one thing about the site is you kind of do get a little bit of Off the topic Let's see. Does anybody need any help with the risk management merger and acquisitions professional Project for mind a risk modeling using those what I'm going to do those Those software I'm gonna pay four hundred and thirty seven evaluation work in the Russell 200 How do I close this thing? This thing's irritating me No, what is that minimize? Okay Yeah, nothing really that great about risk management. Let's look for finance. Oh, yeah, there's that black skulls for guy Looking for a finance expert. Oh, this could be interesting predicting economic market crisis using Need someone expert in Excel for tutoring academic writing looking for someone who knows how to use Deanalysis Accountant businessmen. I would like to make some sense about my ideas Investment analyst this one looks like easy to do. It's 901 Let's see what does qualify me. He only has made a deposit Who else is oh my gosh, how many people have bid on this one? Okay, should we do it? Let's just let's just bid How do I bid? Where's my bidding thing? Have I run out of bids like can I only bid so many times oh Freelancer certification required US English level one So what Dr. Get sort of although that's funny enough. I have to pay money for it Let your results speak for you. Although if you saw my formula one video a lot of people were unhappy with the way I pronounce certain words So probably I won't even get this this English level one thing So I'm not going to be able to do the finance job Because I don't want to pay 45 Rand to tell this person that I can speak English Where is is that the Irish flag or the Italian flag so? Okay, no, that's that's not a fun job. Okay, let's look for one more. Let's look for one more One more job on my job summarize and investment portfolio. Oh, we can do that we can do that Yes, we can do this Okay, has not made a deposit is not verified So this guy is basically Yeah, top academic. Wouldn't they the guys posting on that other one? See who else is who else am I bidding against? Acca or they will they all going after waiting with 45. Oh low-balling us Good on this project Let's bird Yeah, 140 three days place bird No, thanks. I special a subject or shall I tell them I'm pursuing the fellowship Pursuing the actuarial Ship in finance and investments So this will be easy to do so I can do so I can summarize your investment portfolio and show you Where it's strengths personal strengths strengths and weaknesses weaknesses So my proposal Wait, what does it tell us your chances of being awarded is high? Well, that's what it always says and then like nothing happened Okay, I think guys y'all that is we've been playing around on the website for a bit We almost got a job, but it's not pretty dodgy We're gonna like do all of the work and then risk not getting paid I don't know. Maybe I'm just a skeptic But but y'all that is that is freelancer We've got our little page where people can come and hire us or For five hundred dollars an hour. I think that's a fair fair price and Yeah, I think Oh, no, I've gone into my details don't show you my details. I Do I look oh the site is actually quite irritating to navigate And It seems like it does want a lot of money out of me like up to pay 45 grand to prove that I can speak English So, yeah, but anyway, let's let's end the video now because I am getting a little bit tired but thanks so much for watching and let me know what your guys thoughts are about freelancer have you used to before and Yeah, let me know your horror stories or success stories in the comment section below. Cheers guys