Earlier quoted context omitted.
It took me several years, when I was part time (my first two years) I think I was billing about 40. When I jumped to full time I went to 75 and over a year or two slid it up to 85. I got a call about 10 years ago for a weekend gig doing some perf tuning on a web app and they offered me 150/hr, asked if that was sufficient (It was a large company, they were used to big firm rates). I just about died trying to contain…
Quick question: I've been on my own for a couple of years now at a lower rate but I landed a six month contract and managed to save about $20,000. Unfortunately I spent that on living expenses over the next year after it ended because I am not so good at the business end (leads, billing etc). So my question is (actually two) how do you stay consistently busy and up to date on hours? Also have you managed to save (or…
I dont think there is a secret recipe for staying busy other than the very basic truths. Meet and make friends with other people in your space and be a good person. Be on time, work hard, be honest and fair, respect people. Even if you fail people will give you lots of latitude if they personally like you.
I sub out work on occasion and have tried things at a few different levels. I have hired people off ELance and ODesk (which almost never works out); hired people I was introduced to and hired people off of CraigsList. In all of that certain truths remain, people who cost more money usually do that because they are better. Mostly at this point I hire other people like myself that have been at this for a long time and bill about what I do. I worry less about their work. In fact where possible I just bring them into a deal and let them work directly with my client. That way I am not in the middle of anything, I dont deal with money etc. Since I am not really trying to be a big firm making money off of people, skimming 15-20% off the top is just not worth the risks that come with it. Everyone is happier this way. I sometimes get asked if I worry that the person I bring in may steal my business and while the thought does cross my mind it is not the right thing to worry about. If that happens then I have to question what I was doing wrong that the client felt better using the other person more than me.