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Freelancer making $140K/yr, how to double or triple?

Fassina

Contributor
Nov 13, 2018
64
76
121
22
Brazil
I shouldn't help but I will. Make a course, teach freelancers in your niche how to get clients that pay well or whatever it is freelancers want in clients.

Sell it to freelancers with ads in places people in your niche frequent. Grow it by creating more products and upselling stuff to your customers, build an email list, basic stuff.

It's what I'd recommend, If you want to do dropshipping that's cool, good luck.

BTW I don't think this guy is a 9 to 5 five days a week, from what he wrote it seems he's working 7 days a week. His 140k might also be a multiplied average of what he's earning from this client for this particular job.

Which basically means he can't really invest in real state because he's not earning that much, he would if he could get a client that pays that much year around but he probably doesn't.
 

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RockstarDev

New Contributor
Jan 10, 2019
5
4
11
OK, this thread is for all of my programmers who are earning $140K+/year and want to take it on next level.

Re-reading what OP wrote I actually think he can do very well in business... IF he can restrict majority of his outbursts to people who are not immediately helpful to his effort. Big part of business is not settling and accepting what doesn't directly help you. If you can create friction and use generated energy - it can be quite useful... as you can see from this thread - people are coming to comment on it.

Another thing he seems needs addressing is that what holds most programmers back - analytical mind. In programming the first thing you do is to identify all variables (or at least sizable majority). In bizdev, you can never identify all variables. Rather you can estimate % and then decide if you want to go or not. There is also time component... if each passing moment reduces your chance of success - then you always go... even in cases where you have like 10% chance of success. If you can only lose by delaying - doing something is always better than doing nothing.

Considering that bizdev requires completely different approach, what I advise to most programmers - if they want to make more money - is to stay programmers. Don't start another blog / drop shipping gig / become manager / sales guy. Go deeper with your existing skillset.

As @MJ DeMarco advises in his book - what you are really aiming in life when it comes to money is to increase number of Golds in your Gumball Machine. For most programmers - their Gumball machine is full of oranges but devoid of golds. This is what you should be addressing - if you want more money your really should be finding better job / startup to be part of. And accepting that you'll likely need to accept paycut to pursue Gold opportunities.

Also, big part of why most programmers are making so much money is that they have specific skillset and competition for their jobs is scarce compared to other industries. When career switching you need to keep in mind that - if you can start dropshipping business in two weeks - so can everyone else. Start that new business and suddenly you are in new field with way more competition, where you need to develop skillset from zero. You now ask: But Rockstar, how come there are all these other people who made millions from dropshipping/blogs/etc?

The answer is simple - the same way MJ made his millions. It has to do with timing - MJ didn't start his limousine service in 2017 and competed with Uber. Guy practically invented CPA concept back in 1999. If you want to replicate his success you need to identify completely new industry the way he did. And not only that - you need to religiously dedicate yourself to exploiting that opportunity. This means 16 hour workdays and consistent focus. "Passive income" only becomes passive after you've pissed blood and tears for years. And in today's market you can be sure that your passive income will never be "passive" for too long. Otherwise MJ would still be owning Limos.com.

To wrap it all up: I would advise programmers against studying MJs success and following his path. This is because most of programmers lack his mindset and skills. Same goes for most advice on this forum - it is very unlikely you can develop side hustle while maintaining $140K/year income and competing on zero-entry barrier business.

Much better model to emulate would be Nathan Blecharczyk, co-founder and CTO of AirBnb. Read Nathan's life story and see that you don't need to become "business guy"... you really just need improve your technical skills, surround yourself with nice team and exploit untapped markets with creative approaches.

Another great model to emulate is Mike Krieger (Instagram CTO). Both him and Nathan show how much you can increase your potential to earn just by joining great startup early on and then working your a$$ off. Not guessing, not being bored, not re-inveting yourself. Just doing more of the same thing and trading your boring 9-17 for exciting 9-21 (that eventually can become 9:00-9:01).

TLDR:

1. Don't career switch, go deeper with what you are already doing.
2. If you are creating startup - timing is everything. No, don't create "next Facebook". You are 15 years too late.
3. Think about social component. Maybe all you need to do is join better team. Programmers can earn tons of money just joining the right team/company early on. Do that instead of starting yet another dropship business.
 
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