I'm just wondering if anybody has done any online freelancing (Odesk, elance, etc) and how successful they've been at it.
I've gone through odesk and rent-a-coder before and it really seems like that all the people who actually get work do so by drastically undercutting their competition (while probably providing a really terrible product in the process.)
I currently work full time but am going to desperately need to supplement my income very soon.
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Freelancing is very hard to do strictly online because it's too easy for some guy in India or China to do the same job for a 5th of the price.
Your best bet is to find an actual physical recruiting agency in your nearest major city that does temp/contract work and see if they have any telecommute stuff.
Or, you know, start building a network and bide your time.