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I am temporarily moving to Argentina and leaving my career as a financial analyst to pivot into web dev.
Here's the plan:
My goal is to start a web dev agency while I am there. The aim is to serve Canadian/North American clients that will pay me in dollars while my expenses are in pesos. I myself am from Canada, if that matters.
My plan is to grow my clientele and build enough recurring revenue while I am there so that in a year or two I can return to Canada with enough funds and enough monthly income to live the same lifestyle that I currently have. The rationale is that I will be benefitting from significantly lower overhead costs as I grow said clientele than I would if I were to stay here.
The main hurdle that I can think of is that landing clients while abroad will be even more challenging than if I were to be in the same space as them. I'm not sure how willing potential clients would be to getting into a professional relationship with someone they have never met face to face. To mitigate this, I will be focusing on structuring my pricing using a subscription model to lower the perceived risk from my clients' perspective. Meaning that if they don't have to pay for the whole website upfront they will be more open to hiring my services.
Besides client acquisition, the other thing that will be tricky is going to be doing this in a tax-efficient and legal way. I will consult with a CPA to figure out how this can be done.
Thoughts?
Here's the plan:
My goal is to start a web dev agency while I am there. The aim is to serve Canadian/North American clients that will pay me in dollars while my expenses are in pesos. I myself am from Canada, if that matters.
My plan is to grow my clientele and build enough recurring revenue while I am there so that in a year or two I can return to Canada with enough funds and enough monthly income to live the same lifestyle that I currently have. The rationale is that I will be benefitting from significantly lower overhead costs as I grow said clientele than I would if I were to stay here.
The main hurdle that I can think of is that landing clients while abroad will be even more challenging than if I were to be in the same space as them. I'm not sure how willing potential clients would be to getting into a professional relationship with someone they have never met face to face. To mitigate this, I will be focusing on structuring my pricing using a subscription model to lower the perceived risk from my clients' perspective. Meaning that if they don't have to pay for the whole website upfront they will be more open to hiring my services.
Besides client acquisition, the other thing that will be tricky is going to be doing this in a tax-efficient and legal way. I will consult with a CPA to figure out how this can be done.
Thoughts?
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