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How I Earn the hourly rate of a well off adult at age 18

Anything considered a "hustle" and not necessarily a CENTS-based Fastlane

Subsonic

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Pay yourself first

Alright, sorry for the clickbait headline. I dont make 100k a year yet but I do make around 50€ for every hour that I work.

Outline
  1. What do I do
  2. Why do I get paid so much per hour
  3. How you can do the same in 5 easy steps


What do I do ?
It's not a secret that I clean windows. I dont have a formal qualification or work for rich clients. I get clients mainly from flyers and from referrals. Recently there have been some from my network and social circle as well.

Why do I get paid so much per hour ?
It's because of 2 simple thing. The first is that I charge a set price and not a hourly rate. Paying 80 to get your windows cleaned is no big deal. Paying someone 25 per hour (half of what I make for the set price) is outrageous. Taking a set ammout makes you more money and more on your time.
The second thing I do is the headline I PAY MYSELF FIRST. I get first dibs on the money I make. Yes I lands in my bank account even before the state gets its cut. As a employee I would make about 75% less because everyone else gets their part of the money first.


How you can do the same in 5 easy steps
  1. You choose and physical labour that home/businessowners hate doing. (All of them lol)
  2. You spent 50 to 200 on getting the equipment. Tip: The more expensive your equipment the more money you can take per job.
  3. This is essential: You get jobs in a way that you set the terms. That means no running around door to door, reeking of desperation. Instead you do advertising that makes interested clients aproach you. Flyers work great and are cheap to start with. Otherwise ppc ads work fine as well. When they approach you, you have automatically more authority. You also only deal with customers that actually need your service. This way you don't the wash the car dealerships windows for 20 but for 140.
  4. You deliver. When clients are happy, they dont mind paying you lots of money.
  5. Be professional. Dont overdo it but show up dressed appropriately, talk like a civilized adult and most importantly, be timely.

That's it, I hope this was helpful. While I am not the wealthiest here I think I am in a place now where younger me would be proud. Full authenticity here, I made about 600 this month. This is not much but for to me it proofed that I can make money on my own.
If you want to see more from my business adventures and the learning lessons on the way, check out my progress thread.
 
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James Klymus

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Props to you for taking action, continue to scale.

Also, I hope you do make it to 6 figures and beyond. But putting up a thread that says “how I earn 6 figures” and then admit:
Full authenticity here, I made about 600 this month.

That’s really misleading. You could say something like “how I plan to make 6 figures this year at 18 years old (and how you could too)”
 

Subsonic

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Props to you for taking action, continue to scale.

Also, I hope you do make it to 6 figures and beyond. But putting up a thread that says “how I earn 6 figures” and then admit:


That’s really misleading. You could say something like “how I plan to make 6 figures this year at 18 years old (and how you could too)”
Oh sorry I thought it was obvious with the "wage" in the title.
I calculated it like this : 50×8 hours=400, 400×4 weeks×5 days = 8000 and over a year that's ~ 100k.

I'll change the title to something similar that's not misleading, if I can.
 
G

Guest-5ty5s4

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Doctors earn far more than $50/hour... Often $100-200+ per hour. Obviously they have to go through the dumbest process of all time to get there, with lots of debt and college expenses, but still... $50/hour is more like an engineer or a middle manager in an office somewhere.

And we all know that a normal job of being a doctor is not fastlane, but it can be.

Congrats on taking action though!
 
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Subsonic

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Doctors earn far more than $50/hour... Often $100-200+ per hour. Obviously they have to go through the dumbest process of all time to get there, with lots of debt and college expenses, but still... $50/hour is more like an engineer or a middle manager in an office somewhere.

And we all know that a normal job of being a doctor is not fastlane, but it can be.

Congrats on taking action though!
Haha alright ill correct it again.
 

savefox

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Are you making $50 an hour after expenses and taxes?
 

Subsonic

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Are you making $50 an hour after expenses and taxes?
Yep.

My expenses are only flyers which is negligible. Because of a German law I don't need to pay taxes untill I make more than 50k a year.
This hourly rate will obviously go down when I start running ads etc. but it's just a nice way to explain why a small business like this is miles better than a minijob.
I worked a little more than 12 hours and already made more money than everyone else in my school (aside from the teachers and that one crypto trader). The others that work a job work around 40 to 60 hours a month and get paid up to 520.
 
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savefox

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Yep.

My expenses are only flyers which is negligible. Because of a German law I don't need to pay taxes untill I make more than 50k a year.
This hourly rate will obviously go down when I start running ads etc. but it's just a nice way to explain why a small business like this is miles better than a minijob.
I worked a little more than 12 hours and already made more money than everyone else in my school (aside from the teachers and that one crypto trader). The others that work a job work around 40 to 60 hours a month and get paid up to 520.
I'm making $150-200 an hour doing carpet cleaning before expenses and not making shit because I have to pay for all the stuff like new equipment, trucks, phone receptionists, software, chemicals and ads. You need to charge a lot more so that when you scale you're still making a profit
 
G

Guest-5ty5s4

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I'm making $150-200 an hour doing carpet cleaning before expenses and not making shit because I have to pay for all the stuff like new equipment, trucks, phone receptionists, software, chemicals and ads. You need to charge a lot more so that when you scale you're still making a profit
That's terrific. Hang in there, a lot of those should be sunk costs that stick with you for awhile.

Have you looked into finding the cheapest possible options for some of those things? VA's for phone calls, for example? If you have a small crew, I would stick to doing as much yourself as possible until you have a tiny warchest to scale up.

Applies to window cleaning as well.
 

Subsonic

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I'm making $150-200 an hour doing carpet cleaning before expenses and not making shit because I have to pay for all the stuff like new equipment, trucks, phone receptionists, software, chemicals and ads. You need to charge a lot more so that when you scale you're still making a profit
Thanks for that insight.
I'll do what I can to buff up my margins.
 
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One Jeffrey

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If the customer are worried about your prices being low, it says something about the good quality of your work. No doubt you could charge more, especially if you are currently building a solid reputation.

I also want to congratulate you for taking action! I have read your progress thread and I am very proud of you! The problems you are facing and solving will make you a better Fastlane entrepreneur.

I am tempted to try something similar revolving around completing chores. However, I must admit that the legal side of business always looked scary, but I may push through and just take action. I'll manage the legal stuff later.

I thank you for posting this thread and documenting your process. I look forward to see your business thrive!
 

savefox

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That's terrific. Hang in there, a lot of those should be sunk costs that stick with you for awhile.

Have you looked into finding the cheapest possible options for some of those things? VA's for phone calls, for example? If you have a small crew, I would stick to doing as much yourself as possible until you have a tiny warchest to scale up.

Applies to window cleaning as well.
I'm doing all the work myself and I'll have to cancel my answering service because it's not working well. The problem is the marketing. Apparently I suck at it. My coa is too high and I'm still trying to figure out google ads. The only profitable source of leads right now is local services ads
 

Johnny boy

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Okay now have employees do it and make way more.

GMB page ranked with reviews and website
Answering service or hire a rep
Fb ads
Ppc
Local service ads
Ringless voicemails
Craigslist
Mailers or flyers

Fill up the schedule

Calculate a full time employee’s costs (maybe around 4500 a month in total expenses for one guy.

Okay 21 working days a month is $214 per day. If you want to make 4k a month per guy working you need 8500 a month coming in or $404 per day of work.

Calculate no shows or cancellations, unpaid invoices, etc and take that away

So shoot for like 5-600 per day of revenue with a full schedule with one guy.

Your expense is time, so calculate the time each place will take based on certain factors, add in drive time, and you’ll know how much one guy can do in a day based off of customer factors like number of windows, 2nd story, inside/outside, etc.

Need to calculate price to make sure “oh, this place is average sized, we could do 6 of them a day”

Then you need to charge $100 for that type of job at least. That way if you price it properly you can ensure the 600 a day of revenue and ensure you make a good profit each month for every worker.

Build a calculator to figure out price and let your service rep input the numbers in to get people quotes over the phone or remotely.

Make the work simple for employees so easy to train and grow without so many headaches

Make 3-4k a month per worker, keep growing and get to 5-10 workers and you’ll make 180k to 480k per year

People do that kind of money all the time, do not let your own mindset be the limiting factor and do not think small. Think big and make big. Have the balls and make it happen. Learn how to do the hard stuff like building systems, using a crm, integrating things with api’s, etc. all the stuff other people are too stupid and lazy to do.
 
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Subsonic

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Okay now have employees do it and make way more.

GMB page ranked with reviews and website
Answering service or hire a rep
Fb ads
Ppc
Local service ads
Ringless voicemails
Craigslist
Mailers or flyers

Fill up the schedule

Calculate a full time employee’s costs (maybe around 4500 a month in total expenses for one guy.

Okay 21 working days a month is $214 per day. If you want to make 4k a month per guy working you need 8500 a month coming in or $404 per day of work.

Calculate no shows or cancellations, unpaid invoices, etc and take that away

So shoot for like 5-600 per day of revenue with a full schedule with one guy.

Your expense is time, so calculate the time each place will take based on certain factors, add in drive time, and you’ll know how much one guy can do in a day based off of customer factors like number of windows, 2nd story, inside/outside, etc.

Need to calculate price to make sure “oh, this place is average sized, we could do 6 of them a day”

Then you need to charge $100 for that type of job at least. That way if you price it properly you can ensure the 600 a day of revenue and ensure you make a good profit each month for every worker.

Build a calculator to figure out price and let your service rep input the numbers in to get people quotes over the phone or remotely.

Make the work simple for employees so easy to train and grow without so many headaches

Make 3-4k a month per worker, keep growing and get to 5-10 workers and you’ll make 180k to 480k per year

People do that kind of money all the time, do not let your own mindset be the limiting factor and do not think small. Think big and make big. Have the balls and make it happen. Learn how to do the hard stuff like building systems, using a crm, integrating things with api’s, etc. all the stuff other people are too stupid and lazy to do.
Thanks a lot for this. This is exactly what I am going to focus on now. The concept is validated and I am pretty sure I can charge at least 50% more without loosing anything.

The think big thing is also huge. I was thinking like "omg I could get to 2k earned this year" and now I noticed that it could be 10k a month by Dec if I do what it takes.
 

perchboy

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Thanks a lot for this. This is exactly what I am going to focus on now. The concept is validated and I am pretty sure I can charge at least 50% more without loosing anything.

The think big thing is also huge. I was thinking like "omg I could get to 2k earned this year" and now I noticed that it could be 10k a month by Dec if I do what it takes.
How will you fill up the schedule enough to hire a full-time employee? That’s my problem right now.

If you can get people on reoccurring contracts though it would be easy asf
 

Subsonic

How you do anything is how you do everything
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How will you fill up the schedule enough to hire a full-time employee? That’s my problem right now.

If you can get people on reoccurring contracts though it would be easy asf
The mrr contract are the key, yeah. I am currently formulating a offer for thag.
Tbh why not clean your windows once a month and then get your home cleaned once a week while your at it?
Issue is that that would be expensive as F*ck for most people.


The other option is just being good at advertising.
 
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