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Upwork stole $10k from my account

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Upwork stole $10k from my account

Ilya Novohatskyi
Feb 24
2
Share this post

Upwork stole $10k from my account

newsletter.microns.io

Morning everyone.

Upwork blocked my account last week and froze hard earned money, so I needed to dedicate more time to my agency to stabilize the situation. I wrote Twitter thread regarding this situation.

Anyway, you'll find three new startups looking for new owners. We vetted and prepared them for sale.

P.S. It's already one year since the war started in my country 🇺🇦 I hope the war ends soon and everyone will be safe against Russian occupiers.


Photo by Rebe Adelaida on Unsplash

👋 Welcome

Welcome to the 50 new people joining this week.

Let me know what you think of your first issue. Replying helps Google realize it’s not a spam.

Prefer Twitter? Drop me a DM here.

Now let’s crack on with the newsletter ☕️

☘️ Partnerships getting stronger

More people are joining our affiliate program and spreading the word about Microns. This week I checked and found that we paid almost $1k in commission to our affiliates. Great milestone.

Twitter avatar for @ilyanovohatskyi
Ilya Novohatskyi 🇺🇦 @ilyanovohatskyi
Two new sales 🥳 Already paid our brand ambassadors almost $1k for referring new buyers.
Image
1:05 PM ∙ Feb 21, 2023

It's wonderful to see how people are creative about promoting Microns. I saw partners featuring our listings in their newsletters, writing blog posts, sharing their podcasts, and reviewing on YouTube. I'm so proud to have such partners and value everyone who helps us grow.

If you want to become one of us and have an audience, ideas, or desire to earn. Sign up here, create content, and share your partner link with others. Tracking and payments are on us.

😱 Platform risk is real

Upwork permanently suspended my freelance account with $500k+ in earnings during the last four years this week. They didn't reply to my emails for almost a week, money was frozen, and clients were surprised.

They said that I failed the verification process, but this sounded funny as previously, I always passed it quickly. I provided all documents requested, answered all their questions, went through the screening process without electricity (because of the war), and solved a programming task.

Twitter avatar for @ilyanovohatskyi
Ilya Novohatskyi 🇺🇦 @ilyanovohatskyi
Upwork just stole $10k from me and permanently suspended my Top Rated account.
Image
8:01 PM ∙ Feb 16, 2023
241Likes34Retweets

Moral of this story:

  • Continuously diversify your assets.

  • Don't depend on one income channel.

  • Don't hold money on platforms because platform risk is real.

This case taught me that platforms are great for starting your business, but they're so bad for the long term because anytime you could be blocked without any reason.

Thank you to everyone who supported me and spread the word about the situation. It means a lot! And if you need front end engineers (React.js, Next.js) on demand, feel free to reach out.

📰 Looking for new owners

Annotate websites with social comments

Website Annotation Tool

  • $36 in Annual Revenue

  • Business model: Freemium

  • 165 customers

  • Target audience: People who love reading and discussions

  • Built with Golang, Alpine.js and Firebase

  • Founded in 2022

  • Value: Codebase and development time

🔥 Asking Price: $2,000


Find and connect with trainee coaches

Coaching Marketplace

  • $198 in Annual Revenue

  • Business model: Marketplace

  • 100 subscribers

  • Target audience: Someone who is interested in coaching

  • Built with Webflow, Tangram and Dubsado

  • Founded in 2022

  • Value: Standard industry benchmark

🔥 Asking Price: $3,000


Create AI generated portraits with background themes

AI Generated Portrait App

  • $530 in Annual Revenue

  • Business model: One time sales

  • 26 customers

  • Target audience: Creatives

  • Built with Flask and Bootstrap

  • Founded in 2022

  • Value: Code development cost

🔥 Asking Price: $3,000

💡 Wisdom from subscriber

Twitter avatar for @no_fear_inc
Mario Peshev @no_fear_inc
Working with 400+ consulting clients, recurring problems and pain ups are raised with almost all of them. These are 18 core topics we evaluate and refine with businesses generating $750K to $50M in annual revenue. (I charge $6K - $20K for 4-12 weeks of advisory.) 🧵
1:47 PM ∙ Feb 17, 2023
199Likes12Retweets

💌 Share with a friend

If you found value in reading this newsletter, please share it with your friend.

To view previous newsletter issues, please check my library.

Stay awesome,

Ilya Novohatskyi

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Upwork stole $10k from my account

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