I do plan onto pursue independent contracting in feature. I would love to hear the thoughts of the community on how to pursue independent consulting. For instance, how do you find clients, how do you pursue a niche and keep yourself updated as a contractor
1. (for now) Ignore all the "read this, study that". If your goal is to be "independent", then I take that to mean you want to make money. "Reading this, study that" does not immediately make you money. It's important, but not THE most important thing right now.
2. Network with other independents and get on jobs they are on. Focus on getting paid and making money as quickly as possible so you can start to get a feel for how much you can charge and how steady an income you get.
3. Let go of your fear of putting yourself out there or getting a "no". Don't worry about telling "everyone" you are independent. Focus on telling people / circles / influencers who are most related to your client base.
Again, I'm not saying the "read this, study that" advice is not important. My advice is that there is a lot out there and your single most important focus should be on your goal: getting paid for your work.
Keep running experiments, different rates, different jobs, different emails, different job boards and get hired. See what works, get paid, rinse and repeat.
If you're just looking for a quick and dirty solution, find the full-time posting of the job you want to do, and apply to the job with your cover letter being honest about how you want to help and work with them, but ask if they are open to a freelancer. You'd be surprised how many people will kick those tires and get you off and running.
Has worked for me for the past seven years. The cost of putting your work out is basically zero these days - all you have to do it put the time in, which you have to do in one way or another anyway.
Not my field of expertise, but if I were a data science consultant I'd make sure I'm a top ten (%) kaggle person, and so on.
The most important thing in contracting is being reliable and showing up. So many contractors just don't show for work or leave before the signed end date so if you avoid that you're already ahead of the pack.
You can slowly get used to it, learn how to invoice, build a network, present yourself as independent while actually having work and not starve to death.
I was a hired it consultant, but have now been self-employed for four years, which has been truly great! I create a lot of content on the topics of freelance, self-employment and tech. I have also started a forum in which anyone can ask questions around these topics: https://annaleijon.discourse.group/
Best of luck!!
I made sure to get at least one strong contact from each call/meeting. As time went on, the quality of referral got higher, until I was talking to two people who had work and no one to do it.
I ended up getting both contracts, and they kept me busy for my first year (making better money than I had ever made as an employee).
Your network has more value than you might think, and working that network can be as simple as “hey, who do you think would be interested in...”
2. Only then, book 1 client. It doesn't matter for how long, it just needs to be at a reasonable rate for something you're confident you can deliver on time for <20hrs/week.
3. Only then, in your remaining weekly capacity, start the sales process to land a second client (at a higher rate), and start setting up your business admin processes (invoicing, budgeting, accounting, etc)
4. Only then, pick up a copy of Alan Weiss's Consulting Bible or Million Dollar Consultant - for tips on pricing your services & writing proposals.
At this point, if you find out you don't enjoy sales or high rates - partner with a consulting firm. Otherwise, keep going.
Interestingly there are contracts for full-time employees too nowadays for non-tech related roles so companies can save on not having to spend on benefits.
Main thing I learned is pay yourself a fixed amount and don’t treat your business bank account as your own. I ended up having owing my business money in the first few years lol.
Also the good thing is some of the stuff I buy I use it as a business expense.
Been doing it as primary income source for about a year and I enjoy it. As long as the work keeps flowing in I’ll stick with this path. I lucked out in that one of the contacts I made runs their own consulting agency so they bring me in on jobs I’m good at when they need help.
So networking, your work ethic, and integrity demonstrated to others seems important..
Happy to answer more questions if you can narrow down your ask to specifics.
Imagine you are working at a games company trying to hire a contractor to help with 3D audio programming. The ideal candidate is probably going to have a portfolio that includes 3D audio programming, or at least audio and DSP experience.
Personally, I'd focus on building valuable expertise in a community that includes the kinds of people and businesses for whom you would want to work. There is always demand for skilled engineers who deliver.
These days I still do direct independent client work, and new clients come through a consulting / MSP firms I work with, and from my existing network. I get better paid with direct work, but the work coming from the firms is usually more interesting.
Eventually you get to the point of turning down work just because you have too much already, and deciding what you really want to be doing with your time.
I'd say the most difficult thing is trying to find that sweet spot between too little work, and too much work. Sometimes the sales pipeline from initial interest to actual engagement can be measured in years.
But remember, it's feast or famine.
And the moment you need to add employees and other people to the mix, be prepared for the complaints to start as just like when you have houseguests or someone borrows your car, it's never treated the same as you would treat it.
This issue above is really the limiting factor for most entrepreneurs because we're willing to do all the hats to get it done/sold.
An employee only has vestment up to their compensation and once they figure out what their time is worth, you are screwed paying more and more.
Finding solid people willing to do the job is what we site for the cause of shuttering a 35 year old family business as it was too difficult to hire and train and retain people constantly wanting to level up, or just get their buck for least possible effort/education or not discuss/engage more connection into the business and desire to grow it along with them... as that's how businesses are built, people get invested in it.
But I do keep a consultancy up and running even if idle. The business taxes and bookkeeping if idle can be automated and take seconds to do and it's a legal functioning producer of tax deductions in just maintaining it's existence.
I've gained more connection and "side" opportunity/money just networking and being open to offer sellable good products and forward thinking services for those that want a "solution" and a confidential, personalized service for "projects" or "consultancy" that needs a experienced individual to work with them addressing concerns you wouldn't want to get a RFQ or do a parade of estimation/bidding for.
But again, it's the hustle and contact that get you gigs.. gigs that all eventually end as time is money and when it's on their time, it's not your money anymore. Remember that. :P
Before COVID when I was more active I wrote a comprehensive free guide on this. It's titled for project managers but it really applies to a lot of independent consultants. Here's the link: https://iqoach.com/ultimate-guide-to-becoming-a-well-paid-in...
I tried to distill my experiences from myself and my clients, hope you find it useful.
Good luck!
Sidar
Perfect timing that I'm working on a service for freelancers by curating good quality freelance jobs from many different sources - job boards + LinkedIn + Twitter etc, filtering them and sharing the best leads with freelancers. It will be helpful if you are a freelancer or an agency. This is totally free for now and planning to release it as a service [1]
Most of these companies in this list are most likely to hire freelance developers/marketers/writers.
It's still in beta, feel free to reach out/dm me if you would like to access the full document. [2]
[1] -> https://twitter.com/RahulrangarajR/status/148021905157812224...
People will say this is wrong, people will say they didn’t, but I’m telling you this is just how the world works.
Soon to be move out of the United States if the Democrats pass the Pro Act.
Wrote a few applications.
Got one of these projects.
Repeated it when the project came to an end.