It's all about creating value for your customer.
"Don't give me some trend analysis, give me actionable insight ". Recommend watching this:
https://www.youtube.com/watch?v=u2SdmYuMMIg
I earn $180000/year, recently raised my rate to $280/h and working 40h/weeks. Feel I create way more value for my customers than my cost, so I started several small projects in parallell the last months to move away from consulting. Most of them was about a week of work and give about $10000/year with minimum maintenance.
Started building webpages, but figured out that this in itself don't solve a problem I can't fix with some sitebuilder (all about value). All my value creation in now in gathering data from different (API) sources into and databases and generating custom reports on this data. The most important skills I need is Python and SQL, stuff I did not know under 3 years ago.
For the $10000/year examples I make some prototypes, try to understand the business I try to sell to and calculate something I don't think they already easily know that will increase their revenue way more that my cost. Then I make the cold call (<3min), just to ask if I can send them an email with some analysis. They almost always get back the next day with an email or call back for more details or some adjustments.
Hope to go all into startup in a near future, only focusing on this. Love the feeling of solving real problems and see people willing to pay for it recurring <3
Hey! It sounds like both your consulting and budding start-up are very interesting. I'm looking to get into consulting. Python and SQL and my specialties.
If you want to cut back on your consulting perhaps I can try to take some of the work off of you. I could work under you at half your price $140/h, so you could spend more time on your start-up and still be making money from your consulting and keep your clients. It makes sense for me as it would be a quick way for me to get into consulting and it seems like you already have the workflow, etc down.
Or perhaps you would want to work with someone on your startup. I have had a few successful start-ups over the years.
You can check my LinkedIn and my email is in my HN profile. Get in touch if you are interested!
Comments
It's all about creating value for your customer. "Don't give me some trend analysis, give me actionable insight ". Recommend watching this: https://www.youtube.com/watch?v=u2SdmYuMMIg
I earn $180000/year, recently raised my rate to $280/h and working 40h/weeks. Feel I create way more value for my customers than my cost, so I started several small projects in parallell the last months to move away from consulting. Most of them was about a week of work and give about $10000/year with minimum maintenance.
Started building webpages, but figured out that this in itself don't solve a problem I can't fix with some sitebuilder (all about value). All my value creation in now in gathering data from different (API) sources into and databases and generating custom reports on this data. The most important skills I need is Python and SQL, stuff I did not know under 3 years ago.
For the $10000/year examples I make some prototypes, try to understand the business I try to sell to and calculate something I don't think they already easily know that will increase their revenue way more that my cost. Then I make the cold call (<3min), just to ask if I can send them an email with some analysis. They almost always get back the next day with an email or call back for more details or some adjustments.
Hope to go all into startup in a near future, only focusing on this. Love the feeling of solving real problems and see people willing to pay for it recurring <3
Hey! It sounds like both your consulting and budding start-up are very interesting. I'm looking to get into consulting. Python and SQL and my specialties.
If you want to cut back on your consulting perhaps I can try to take some of the work off of you. I could work under you at half your price $140/h, so you could spend more time on your start-up and still be making money from your consulting and keep your clients. It makes sense for me as it would be a quick way for me to get into consulting and it seems like you already have the workflow, etc down.
Or perhaps you would want to work with someone on your startup. I have had a few successful start-ups over the years.
You can check my LinkedIn and my email is in my HN profile. Get in touch if you are interested!
Any ideas for lucrative side projects?