Evernote Advantages:
- There is a free option that will be
good enough for many people.
- Lightning fast search. Searches as
you type, instead of having to press
enter. This is highly preferable.
- Good for loose, relatively
unconnected ideas that you want to be
able to access easily in the future.
- Great for keeping a journal. It can
never be lost, it automatically date
and time stamps entries, and if this
is all you want to use it for, it
will be free.
- Great for web or email clippings.
There’s a convenient hot key set
(win-A) you can use to add
highlighted text/pics/whatever to
Evernote.
- Flawless syncing across multiple
computers and/or mobile devices.
They’ve been syncing for so long,
that they have it down pat. I never
have issues with this.
OneNote Advantages:
- More structure to notes. This is the
main reason I use OneNote more than
Evernote. I like a hierarchical
structure to my notes. OneNote has
up to 5 levels and Evernote has up to
3 levels. Each level is an order of
magnitude higher in organizational
structure.
- It synergizes with Microsoft Office
Suite better. For example, if you
have an email in Outlook and you want
to send to OneNote, there is a
convenient button that does it
quickly and easily.
- More powerful desktop software than
EverNote. It tends to do non-search
things faster. It usually takes less
time to load.
- Upfront one-time only cost. It is
not cheap, but you only have to pay
once.
Evernote Disadvantages:
- Not very structured, so it is
sometimes difficult to find notes.
Basically you’ve got just notebooks
and tags as a way to organize.
- The premium version is a monthly or
yearly subscription instead of an
upfront cost. However, it is only
$3.75/month if you pay for it yearly.
This is a bargain for the time saving
and convenience value they provide
me.
OneNote Disadvantages:
- No free option. To use OneNote
legally, you must buy it.
- Not as mobile as EverNote. It is not
as good at syncing over multiple
computers as Evernote. It takes a
smidge of fidgeting to get it
working. However, once you get it
working, it should be fine.
Conclusion:
They both are good at different things. There is no reason you cannot use both.
Use Evernote for web clippings and keeping a journal. It has a quick and convenient hot-key set for clipping. With journaling, it automatically keeps track of the date and time and is easy to find again.
Use OneNote to hold my “knowledge database.” Important things for work or home or whatever, I keep in different notebooks. It then syncs between my work computer and home computer.
I recommend paying for both. The price is small for the value you get. I’ve tried out the paid Evernote and I like it, but not everyone needs to get it if you’re going to use it sparingly or you are frugal.
There is another option to OneNote that is free, but not as powerful and doesn’t have syncing capabilities (which is huge for me). I would use it if I didn’t already have OneNote and couldn’t afford to buy it. It is called Keynote. You can get the original version (now unsupported) or the updated version by someone else. I would probably go with the 2nd one.
Ref: Evernote Vs OneNote