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Ask HN: Is it a good time to start freelancing?

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Re: Ask HN: Is it a good time to start freelancing?

#11
I do freelancing. Any one person‘s advice is going to be from a pretty low sample size, but here is mine: the specific industry and the geography you have contacts in matters a ton more than “the economy“ that you read about in the headlines. Maybe that’s a good thing, or maybe a bad thing, but I would recommend talking to the exact people you would be trying to sell your services to.

If you cannot get meetings with those people, it is not a good time to start regardless of the overall economy

Re: Ask HN: Is it a good time to start freelancing?

#12
Economic conditions don't determine when it is a good time to freelance.

People throwing money at you to take their project, is an ok time to freelance.

To a first approximation, there is no good time to freelance because to a first approximation, every potential freelancer is under-capitalized.

Yes, there are success stories, but generally building a successful consulting business means years and years building a base of good clients and even a little initial good luck (like landing one good client right away) doesn't change that.

Good luck.

Re: Ask HN: Is it a good time to start freelancing?

#13
I've never noticed a big link between the stock market and my freelancing business. Perhaps there are more laid-off developers looking to freelance during a downturn, but companies also hire more contractors/freelancers during times of economic uncertainty and hiring freezes.

In any case, economic conditions count for about zero compared to your leads and sales skills.

Re: Ask HN: Is it a good time to start freelancing?

#14
External variables such as pandemic or inflation do not directly affect the freelance community because each company/clients manages its accounts differently. The few keys are word of mouth, networking and the quality of the work offered. Obviously the price issue often comes into play but it is more dependent on your competitors than on "undesirable" and uncontrollable effects.

Re: Ask HN: Is it a good time to start freelancing?

#15
Are you asking whether it's a good time to start freelancing full time or at all?

If the former, my advice is usually that if you have to ask, the answer is no. If you have enough work piling up to require you to freelance full time, then freelance full time. Otherwise, you're asking for pain. In my experience, the people who do well as a freelancer already have a solid professional reputation established, a network of people who are eager to give them work, etc.

If the latter, then yes, absolutely. IMO: every software engineer should take on freelance work every once in a while (time and circumstances permitting). Handling the entire end-to-end process (sales, discovery, implementation, delivery, payment, etc -- not necessarily in that order) not only helps build understanding of why things happen the way they do at work (especially if you work at an agency/consulting firm), but it helps to build communication skills that are helpful to your day job.

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