I've been looking at doing a bit of freelancing on the side but looking at eLance and rentacoder, what the hell? All the projects I found were ridiculous. Someone wanted a design + build for a site "with the functionality of okcupid.com" for $500. Even worse, there were bids at this price!

This one's fun: https://www.elance.com/j/wesite-onli...pvYnMvcS1waHA= $200 - $300 for a semi-complex site and wants someone to work for 6 months?

At first I thought people were just unrealistic but a lot of these are getting proposals!

How does anyone make money working for these kinds of projects? Even the ones with slightly more realistic pricing had proposals at the very low end.