The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

INTRO Longtime Freelancer who wants to start an online business

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

oxygeninja

New Contributor
Aug 23, 2018
7
19
15
Hi, I'm Oliver. I'm a freelance CAD draftsman for 7 years now. I'm doing really well in terms of income as I have 10x the average salary in our country. After reading MJ's book, I feel like I'm not maximizing my full potential so I'm still figuring out what to do in the next five years to be in the fast lane. Aside from CAD, I also know web design/development particularly Wordpress/PHP and I do side gig from time to time which tend to make me stress out a bit with less pay compared to my CAD job. Right now, my options are expanding my web design gigs and eventually start a web design/dev agency, do e-commerce/dropshipping or make a website and do affiliate marketing or sell ebook/course. I'm really confused at this moment. I know I need to figure this on my own and have some clarity on what should I pursue. Any advice and tips would be greatly appreciated. Thanks.
 

Arun Siva

aspiring 大君 of the bourgeoisie
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 31, 2016
1,195
2,046
568
Bergen

MikeS

Contributor
Read Millionaire Fastlane
Apr 26, 2018
27
36
26
Czech Republic
Knowing CAD is a valuable skill. Have you considered creating a physical product?

Having skills with CAD could give you the ability to develop something unique. And if you are also making good money, it shouldn't be a problem to fund the development of a good prototype.

You could test it on Kickstarter to see if people were interested in buying it and if you succeeded you could go and get a funded & validated product on the market.

It doesn't have to be a rocket science, people are spending lots of money on simple stuff. If I were you, I would definitely consider this.
 

Rabby

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 26, 2018
1,534
4,511
1,133
Florida
Is it possible that during side gig time, you could create, for yourself, a CAD service that has more than one CAD draftsman working for it? Transitioning from freelance to "business" can be tricky because you need the freelance income right? But if you -start out- as one of the CAD guys in your new firm, you'll still have that income. Another draftsman, perhaps a freelancer, might be happy to take some jobs with your firm too. Now you're working two jobs at the same time, but only one of them yourself. You pay the other guy fairly, but make something for yourself for organizing the work and getting the client. Over time, if you can build that to 4-5 guys drafting while you keep the business going, you'll be providing a valuable service to your customers (they don't have to worry that the one freelancer got the flu), your employees (a constant stream of CAD jobs that pay nicely), and yourself (working up to a new level in your profession). Just a thought, hope it helps!
 

oxygeninja

New Contributor
Aug 23, 2018
7
19
15
Knowing CAD is a valuable skill. Have you considered creating a physical product?

Having skills with CAD could give you the ability to develop something unique. And if you are also making good money, it shouldn't be a problem to fund the development of a good prototype.

You could test it on Kickstarter to see if people were interested in buying it and if you succeeded you could go and get a funded & validated product on the market.

It doesn't have to be a rocket science, people are spending lots of money on simple stuff. If I were you, I would definitely consider this.

I was interested in doing that before, when I was still starting out but when I started making good money somehow I lost interest. Thank you for the advise. I would consider this route.
 

oxygeninja

New Contributor
Aug 23, 2018
7
19
15
Is it possible that during side gig time, you could create, for yourself, a CAD service that has more than one CAD draftsman working for it? Transitioning from freelance to "business" can be tricky because you need the freelance income right? But if you -start out- as one of the CAD guys in your new firm, you'll still have that income. Another draftsman, perhaps a freelancer, might be happy to take some jobs with your firm too. Now you're working two jobs at the same time, but only one of them yourself. You pay the other guy fairly, but make something for yourself for organizing the work and getting the client. Over time, if you can build that to 4-5 guys drafting while you keep the business going, you'll be providing a valuable service to your customers (they don't have to worry that the one freelancer got the flu), your employees (a constant stream of CAD jobs that pay nicely), and yourself (working up to a new level in your profession). Just a thought, hope it helps!

I'm already doing this now. I have 3 people under me(my wife, sister of my wife and my cousin)but I still do fulltime work though. I am training someone right now to fully do my work so I can free up my time and I can focus on expanding the business.

The challenge with my current CAD business right now is I can't just hire as many people because the software license is monitored by my clients and I can't just install the software in another PC, unless they are hiring another drafter which is not the case.

My other option is to look for another client in order to expand but I can't do that until I freed up my time. Honestly, I'm not that interested in CAD anymore. I think it's because I've been doing this for years now but it pays well. I'm leaning towards web services/online business.
 

Rabby

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 26, 2018
1,534
4,511
1,133
Florida
The challenge with my current CAD business right now is I can't just hire as many people because the software license is monitored by my clients and I can't just install the software in another PC, unless they are hiring another drafter which is not the case.

I understand this, I think. But I would say that in whatever you do, you should try to own the necessary tools. If the pay for freelance CAD isn't enough to eventually own the software and PC, then you may be right to leave CAD for now. This is a control issue -- the client sounds very close to an employer if they control the tools, and the time, and are the only client.

Free up as much time as you can, and focus your effort on something that is valuable to others (people who can pay you something in exchange), and that you have control over. That would be my instinct, anyway.
 

Sponsored Offers

MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Cool - glad to have you. And yes it should help a lot. When you are in the new group just post...
  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
Hey everyone, I have a big announcement to make about how we are going to be working with...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Any chance to make it available outside of US? It has been available outside of the US on...

Forum Sponsor

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

More Intros...

Top Bottom