Hi Tammy -
Places like eLance, Guru, and so forth are notorious for very low payouts. You have to consider the time and effort that is being spent compared to the ROI received. If you spend 20 hours worth of time bidding and then finally land a job at even one of the highest rates (usually around $15.00/hour at best - and those are rare) then how much are you actually going to benefit? If that same 20 hours could have been spent in marketing and getting a solid, long term client - you have to determine for yourself what scenario works best for you.
Sometimes the need for cash-flow is real while you build your business - but there again - consider the time commitment. Is a part-time job locally a better option that will give you a little more freedom. Only you can answer that...but think about what we promote as a key benefit to our clients. We give them back valuable time so they can focus on generating revenue. So time is money.
I'm sure you will make the best decision for you and know that we are here for you to help you and be your sounding board.