Mavenbyte guidelines for Service Buyers/Providers

Last revised on April 15, 2009

Please read our Disclaimer first before proceeding.
Goal of Mavenbyte is to facilitate serious business people to meet online assuming the role as either a project buyer or provider - or even both. As a buyer, you can publish a project you need to be done which will help you and your business grow and flourish. You can publish your project online at Mavenbyte at the comfort of your home or office. The sellers (or "providers" as we would like to call them) registered on Mavenbyte are from diverse backgrounds skilled in various fields of contemporary technologies and can bring much added value to your business. The providers in turn get payed by you in compensation for their rendered services. Payment goes through Mavenbyte's secure Step-by-step Payment Service (Click here for more information).

Guidelines for Buyers

1. Tips for Setting a Realistic Maximum Project Price

   Providers are searching for projects which are priced at a practical rate and can be completed in a reasonable amount of time. It is very equitable to assume that buyers want to receive the best quality of work for minimum amount of money spent. Providers on the other hand, want to earn a fair rate of return for their rendered services. Most successful deals can be reached through careful consideration of a rate that works best for a buyer and provider. Deals reached in this fashion leads to a favorable situation where both parties emerge as winners!

   As a buyer you will find the following itemized tips very useful while creating your project at Mavenbyte and trying to figure out how much it should be priced at.

   • Setting a realistic Price: The price on a project should be as pragmatic as possible. If the project involves complex work and is priced too low, you could still get providers to bid on it. But be aware however, that such types of deals are not without risks. You could end up with receiving an end product that is not to your satisfaction or even the provider walking away from the project and you searching for another provider costing both parties more time money and energy.
   • Always look at a provider's rating: Mavenbyte has an efficient way of providing reviews (or ratings) to both buyers and providers from a scale of 1 to 10. These reviews/rating were previously provided by buyers/providers working on projects. A provider whose bid is low may not be the best if his/her rating is low.
   • Make Your project requirements unambiguous: Your project proposal should be clearly defined outlining all requirements as lucid as possible. Pertinent and unambiguous specifications always result in more precise bids eliminating misunderstandings and saving both parties time and money down the road. Remember, making matters clear to providers, will also give you better results.

2. How to determine an accurate project cost

   Following are the steps you can take to determine how much a project should cost:

   • Estimate the number of hours required to successfully complete the project.
   • Determine the amount of money per hour that you would want to spend keeping in mind the complexity of work under consideration.
   • Multiply the above two numbers and you will come up with a more realistic total cost of project.
   • Also remember that there are many projects that may look easy to do but beneath the surface require complex tasks. Therefore be wise in determining the actual total cost.

Guidelines for Providers

1. Finding out the feasibility of a project

   Following are the steps you as a provider can take to find out whether a project is feasible to work on:

   • Carefully evaluate the work at hand and the level of skills required to complete it.
   • Find out how much time it will take to successfully complete the project.
   • Given the complexity of the task, calculate how much you would be willing to get paid on a per hour basis. These calculations should give you a clear indication of how much your bid should be valued at.

2. When to commence work

   • Only commence working on a project after you have developed a clear picture of the underlying project task.
   • Assuring above point is met, it will create you a good credibility with buyer and you might even establish a long time relationship with buyers.

3. What to do when you have accepted to work on a project

   • Once you have accepted to work on a project, engage the buyer in a preliminary conversation. You will be able to post your comments either on Mavenbyte or via communications directly with the buyer.
   • After giving a careful consideration to the task, give a feedback about the estimated time of delivery, but remember, this should not stray very far from the original estimation given at the time of bidding, otherwise buyer may loose his confidence in you. This could adversely effect your rating at the end of the project.
   • Your work should be flawless and only handed to buyer (for a preliminary approval) after you have performed extensive QA on the product. Also document your work! This will give buyer a fair understanding of how your solution to the problem was actually implemented.