What's new

Charity: A Powerful Portfolio Builder

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

GoGetter24

Bronze Contributor
LEGACY MEMBER
Joined
Oct 8, 2017
Messages
566
Location
Various
Rep Bank
$1,940
User Power: 211%
In order to get clients, you need a portfolio. And in order to get a portfolio, you need clients.

Common ways to breech this loop

Doing dregs work. Offering heavily discounted prices, to try and lure clients who otherwise wouldn't contract with someone they don't know and with no track record.

This can eventually work, but it runs into several problems:
  • The jobs will tend to be small. Small jobs are less impressive than larger ones as portfolio pieces. Someone who sees a portfolio of scraps isn't handed confidence that that person can complete a larger project, such as the one he wants done.
  • Low paying clients tend to be worse to work with.
  • It has a de-specializing tendency. Taking any scrap you can get at low prices causes fan out in your areas of focus, which raises work load and delays specialization, thus delaying higher effective hourly rates.
Lying. Fake testimonials and portfolio pieces made by other people. Problems are obvious.

Using work from prior job. It may be, if you're lucky, that your last job taught you a bit in a marketable skill.

But really, that would be a case of 'lucky you'. There are fundamental difficulties in the nature of firms that usually get in the way of you specializing into a marketable skill:
  • It's beyond most managers abilities to perfectly keep you within your core / targeted skill. As the section of the pipeline you're manning dries up, they'll usually assign you around, treating you as more of a generalist. This helps them (reduces their required planning precision and avoids this-quarter losses), but hurts the employee. Both parties accept this inefficiency because of the costs of re-employment.
  • You are decoupled from the market. Your work goes through layers of other people. You don't get the narly direct coupling to the market that a contractor has, so you lack the related areas of knowledge.
  • Your work is combined with other peoples'. A portfolio piece that's "from when I worked at X", just isn't that convincing. A potential client has no idea how much of that you did. He also doesn't know how good you are at everything around that piece of work, such as communication.
Doing work for free. I've heard this mentioned a lot. Offering free work to people just to get the testimonial or portfolio piece. But this is fraught with problems, probably worse than the previous methods.
  • Free means crap. 'Cheap' can be interpreted as a bargain, and the client feels he's scored a good deal and can pretend he's lucky or clever. Free cannot be. "The design for my house was free", "my logo was free". Sounds like he's useless and can't afford quality things for his business.
  • Free breaks the reciprocity principle. When someone gives you something for free, you're indebted to them to some unknown amount. People don't want that. Which is why it's always better to sell for $1 than give something away. One is a bargain: "well that's the priced you asked, and I paid it"; the other is suspicious.
Making your own "example" portfolio pieces. People don't consider this the same. They don't know if you're capable of interacting with an actual client to produce their desired result. You also get no feedback on what people do and don't like.

A better way
Do it for charity
.
  • Charities are based around receiving free stuff from other people. There is no sense of debt creation when a charity receives donations, versus when a business does. So they won't refuse you or disrespect your work because it's free.
  • You won't feel bad about doing that work (as long as it's a cause you somewhat agree with), making it better than dregs or free work. Giving free stuff to a businessman feels wrong, but to a charity doesn't.
  • You can comfortably do your best work, and work on larger projects versus free/cheap work.
  • It still has to deliver what the client wants (or they just won't use it)
  • You get social brownie points for having done work for charity.
  • It works for pretty much anything that can be contracted. There are little fundamental differences between a business and a charity other than one is primary based on profit motive. Both still require photographers, designers, architects, copywriters, etc.

Thoughts...
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Huuf dupdiqv. O cimoiwi gsii dufi denq atit vjot nufim xovj vjios gsii upmopi xic fiw cuuvdenq. Updi vji tvafipvt siedj e disveop miwim, vjiz hiv vu jimq e pup qsugov us djesovz xovj tuni qsukidv, epf gievasi ov op vjios qusvgumou.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom