I quit my job this year and have been making a reasonable living via Elance and oDesk. Mostly GWT/Google App Engine projects, but starting to dip into Android as well.
On oDesk I was lucky enough to meet a great client almost immediately. I got an ongoing project with him for ~30 hours/week. I think I'm grossly undercharging him, but it's a steady gig that leaves me able to pick up other projects on the side.
For fixed price projects I generally don't even bother considering anything under $5K. I try to stand out by bidding high rates (by Elance standards). So far it's working fairly well. I hope to develop enough happy customers so that eventually I'll be able to move off of those sites and just get clients by word of mouth.
On oDesk I was lucky enough to meet a great client almost immediately. I got an ongoing project with him for ~30 hours/week. I think I'm grossly undercharging him, but it's a steady gig that leaves me able to pick up other projects on the side.
For fixed price projects I generally don't even bother considering anything under $5K. I try to stand out by bidding high rates (by Elance standards). So far it's working fairly well. I hope to develop enough happy customers so that eventually I'll be able to move off of those sites and just get clients by word of mouth.