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by iudqnolq
2364 days ago
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> But to be in that position you first need to build a stable revenue stream and that happens more easily with hourly consulting. I'm trying to get started with freelance work as a college student, and I've experienced the opposite. People want project-based billing because they don't trust me, or my ability to work "as quick as an experienced programmer". (For context, when I say starting I mean starting. I'm currently working on my second contract ever. I have no non-internship work history. My first was for $50 for what ended up being 4hrs, my current was $300 for what I expect will take at most 20hrs. Then Upwork takes 20% for making the match and providing insurance against my not delivering.) |
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I don't know the exact nature of your work - is this just doing generalized programming work, or do you specialize in something (e.g. setting up a Wordpress site)? If what you do is repeatable enough, at some point you'd make good money working per project because you'll become much more effective. Of course it's more difficult to pull off when you do generalized work.
This however has one very significant exception, and that's when dealing with a corporate client which would lead to more work.
You see, any company that's larger than 20 employees separates the financial management from the technical staff. That means that if you've made it through negotiations and contract work setting an hourly framework with the financial side of the company, you're now another tool at the disposal of the technical people which could utilize you almost on a whim.
With a project based setting you need to go almost to square one and renegotiate all the way down every time you want more work. It's not just a hassle for you - it's a hassle for the engineers who'd love to use your help.
This, eventually, is what builds you a recurring revenue stream; making yourself available to the technical people at minimal friction. I've been responsible for a pretty significant corporate operation where my team was responsible for procurement of products and services the size of a respectable startup A round, and dealing with vendor onboarding, scope of work, legal approvals and financial signing at the VP/CFO level were a huge time waste. Contractors who billed hourly were much simpler to work with - waste time once and be on your merry way for months at a time. I try remembering that now when I crossed sides, back to consulting. Try make the life of the people who need your services as easy as possible - usually you'll have mutual interests.