Here’s the breakdown of the past few months for my consulting business: I finally get a big payday From the chart, you can see a big spike in the amount I was paid in November. That’s because one of my biggest clients had 2 months’ worth of invoices that they finally paid in November. […]
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How I earned my first $100k working part-time I’m pretty curious, and one of my favorite things to learn about is people’s work–especially successful people. I’m particularly interested in how successful people started out, since that’s typically the most difficult part of the journey. After all, when you start a business, you don’t have a […]
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I’ve been slacking on posting my income reports lately, but am getting back into the swing of things. Anywho, below is the breakdown of the past few months:
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Even though you may be working your tail off, you could still be losing money. I’ve seen lots of consultants fall into this trap, and it can put a serious squeeze on your business and personal cash flow–and we all know that too little cash can cause a lot of stress. To start and run […]
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Do you want to look unprofessional and incompetent? I didn’t think so. But if you set your rate too low, that’s exactly what will happen. For example, plumbers in my area typically charge about $75 an hour. Now, if I find one that charges $50 or maybe even $40 an hour, that price might look […]
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This post is a little later than originally planned, but in any case, here are the numbers for what I billed for time worked in April: Total billed: $14,772.50 Number of clients billed: 9 Average amount billed per client: $1,641.39 Average hourly rate: $150.00/hour Total billed hours: 98.5 For comparison, in March 2011, my billed […]
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I firmly believe that the best way to maximize your revenue is by finding a good niche for your skills. For example, my main source of consulting business is SQL and VBA development for Microsoft SQL databases. There are probably tens of thousands of people who can do that, and if I entered that marketplace, […]
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Going forward, I’ll be posting my monthly income summary, but first, I wanted to recap my income since I started my own consulting business. Why am I posting my income online? I want to show how much you can earn as a freelance consultant. My results may not be typical, etc., but hopefully it’ll give […]
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