At freelance sites, bid is the amount of money that service providers need, in order to do a job for the buyer. If you need to make money online at freelance sites then you will have to search for jobs at freelance sites, that you think you can complete. When you find a job of your interest, you will then have to place a bid on that project.

For example:

Lets say you are interested in doing data entry jobs at freelance sites. You searched for data entry jobs at a freelance site and find one project. You open the project description page. After reading all the details about the job, you decide to [or try to] get the job.

So then you will have to place a bid on that project.

You can watch this video to know more about Bids.

Placing Bids At Freelance Sites

You can also see the bids that other service providers may have placed on that project.

Why you need to place low bids on projects if you are a new comer?

For new comers: winning a project is not easy. That is because they have no ratings or feedbacks at that freelance site.

So, the first goal for new people is the build some reputation at freelance sites. And in order to build reputation, one needs to earn some ratings. And to earn some ratings, one needs to win projects.

And in order to win projects, new comers have to work for low rates. So they have to place the lowest possible money in their bid so that they can win their first project.

Most projects have a upper and lower bid limit. This is called the budget or budget range.

You can place any amount of money in the given budget range.

Some projects have no budget range so you have to place a reasonably low bid in order to win projects.

So then what actually is this BID?

BID is simply the amount of money that you want from buyers in order to do a job for them.

To know more about online jobs at freelance sites, go here;

Online Jobs at Freelance Sites