Can one make a decent living from freelancing ?
noodle: yes.  there are plenty of people who make a good living freelancing.  you'll likely find a good market if you can connect professionals with a need with quality professional freelancers.but, its difficult to make a living freelancing via things like elance.com and similar sites, though, because those are typically about bidding the lowest.  those lowest bids usually come from foreign outsourcing companies.the key here that will likely contribute to your success is to avoid the models like elance and connect good freelancers with clients who are willing to pay well for quality work.  perhaps something that is more about building longer-term relationships instead of one-off projects.