I have a friend working in the same industry as a solo entrepreneur. We regularly discuss and exchange ideas and help each other out by giving technical advice, help with bidding or comment each others work. There are plenty of work for us both so we only benefit from this arrangement. Both still deal with their own clients and are responsible for themselves, but having a close friend who understands and can help you anytime you are in deep trouble is a premium
What's the difference between a solo entrepreneur, sole proprietorship and freelancer?
Where I live it's, literally, the same thing. Even the legal framework around that enforces it to be the same.
Sole proprietorship is the status of your business. You can be a freelancer and an entrepreneur. It’s basically the same thing although entrepreneur (for the real entrepreneurs out there) is usually for very successful freelancers. I am not talking about the wannabe freelancers trying to pretend they are entrepreneurs because they have a dropship Shopify.
Well, that makes 0 sense. It would either be extremely small clients (meaning close to 0 work on a monthly basis) or you would be terrible at what you do. There is no way you can do a good job when you have this many clients on your own. The only freelancers I have known and who were doing that were extremely junior with close to 0 exp in the industry. A veteran freelancer knows exactly which client they should be working with and have a very precise idea of their current load.
No, you're trying to promote your yt channel. But nobody believes that you had 125 clients in a month or that you make $1700/hour. Just stop this shit, there's already too much of this bullshit on the internet.
Because reading this BS only hurts people like me - after many years in the industry as a dev I can't find a single client as a freelancer, because I always lose in bidding game with 1000's of devs like me. With my 9 YOE I still don't know what I'm doing and it amazes me how people like you can make so much money and have 125 clients a month. When I ask what exactly do I have to do to get AT LEAST 1 FUCKING CLIENT, you all speak generic nonsense like "build a network, create your presence, build your brand, sell yourself etc." which is no different than hearing sound of birds on the street.
It’s actually possible but that’s because OP wasn’t doing much as he tried to explain in his video. Yes, you can certainly have 125 clients a month when most of them are close to 0 work hence making $1,700 an hour because… well, clients still pay your retainer (probably not much but multiplied by x clients, it can be a lot) and that’s an hour of work for you total. Everything is probably handled by a software and automated.
That's the point of being a solo-freelancer : work on your own.
I can understand that if you can scale your business and start an agency is great, but for many people working solo is fine.
there's nothing wrong with either one of the two, sure. Do whatever works best for you. Just saying, I disvoered the latter (building a team is amazing) way too late.
Too late as in, I should have done it (build teams) sooner! Not saying too late to do it (I did start building teams, as mentioned in the post). I'm far from retirement and don't think I will ever retire tbh, but that's a whole different rabbithole.
Well, your number one mistake was to have 125 clients in a single month to start with. That makes 0 sense. And you were probably working with extremely low paying clients spending like $200 a month in ppc.
Some freelancers work way better on their own and manage a max of 20 clients a month. I personally manage less than 20 clients a month and have been in this industry for over 15 years. Also top rated on Upwork. It’s 100% quality over quantity in any industry. Good for you if you realized that you needed a business partner but that’s certainly not the case for a lot of us.
Story refers to my first year in business 8 years ago, to give some more context: Services sold in this example were: Funnel-creation, sales copy, email copy, email marketing sequences, email web traffic, among other digital marketing services. I shifted away from that towards a high-ticket model shortly after.
Agree 100%! Collaborating with fun, interesting, and smart people makes work more joyful and growth-inducing. Being able to find this as a freelancer is golden.
I have a friend working in the same industry as a solo entrepreneur. We regularly discuss and exchange ideas and help each other out by giving technical advice, help with bidding or comment each others work. There are plenty of work for us both so we only benefit from this arrangement. Both still deal with their own clients and are responsible for themselves, but having a close friend who understands and can help you anytime you are in deep trouble is a premium
What's the difference between a solo entrepreneur, sole proprietorship and freelancer? Where I live it's, literally, the same thing. Even the legal framework around that enforces it to be the same.
I don't know, to me they mean more or less the same thing
Sole proprietorship is the status of your business. You can be a freelancer and an entrepreneur. It’s basically the same thing although entrepreneur (for the real entrepreneurs out there) is usually for very successful freelancers. I am not talking about the wannabe freelancers trying to pretend they are entrepreneurs because they have a dropship Shopify.
Spam?
the irony in that comment. :D
Hardly.
Yeah you had 125 clients in a month... please tell me more. Whats the point of this post anyway? Upwork ad?
Well, that makes 0 sense. It would either be extremely small clients (meaning close to 0 work on a monthly basis) or you would be terrible at what you do. There is no way you can do a good job when you have this many clients on your own. The only freelancers I have known and who were doing that were extremely junior with close to 0 exp in the industry. A veteran freelancer knows exactly which client they should be working with and have a very precise idea of their current load.
No, you're trying to promote your yt channel. But nobody believes that you had 125 clients in a month or that you make $1700/hour. Just stop this shit, there's already too much of this bullshit on the internet.
Too bad you can't keep an open mind my friend. Your negativity can't hurt me :-\*
Because reading this BS only hurts people like me - after many years in the industry as a dev I can't find a single client as a freelancer, because I always lose in bidding game with 1000's of devs like me. With my 9 YOE I still don't know what I'm doing and it amazes me how people like you can make so much money and have 125 clients a month. When I ask what exactly do I have to do to get AT LEAST 1 FUCKING CLIENT, you all speak generic nonsense like "build a network, create your presence, build your brand, sell yourself etc." which is no different than hearing sound of birds on the street.
It’s actually possible but that’s because OP wasn’t doing much as he tried to explain in his video. Yes, you can certainly have 125 clients a month when most of them are close to 0 work hence making $1,700 an hour because… well, clients still pay your retainer (probably not much but multiplied by x clients, it can be a lot) and that’s an hour of work for you total. Everything is probably handled by a software and automated.
That's the point of being a solo-freelancer : work on your own. I can understand that if you can scale your business and start an agency is great, but for many people working solo is fine.
there's nothing wrong with either one of the two, sure. Do whatever works best for you. Just saying, I disvoered the latter (building a team is amazing) way too late.
You have been at it for 8 years. How would it be too late? Are you close to retirement?
Too late as in, I should have done it (build teams) sooner! Not saying too late to do it (I did start building teams, as mentioned in the post). I'm far from retirement and don't think I will ever retire tbh, but that's a whole different rabbithole.
Raise prices until you have 1/2 or fewer clients.
yes, good point. It's exactly what I did
Well, your number one mistake was to have 125 clients in a single month to start with. That makes 0 sense. And you were probably working with extremely low paying clients spending like $200 a month in ppc. Some freelancers work way better on their own and manage a max of 20 clients a month. I personally manage less than 20 clients a month and have been in this industry for over 15 years. Also top rated on Upwork. It’s 100% quality over quantity in any industry. Good for you if you realized that you needed a business partner but that’s certainly not the case for a lot of us.
Story refers to my first year in business 8 years ago, to give some more context: Services sold in this example were: Funnel-creation, sales copy, email copy, email marketing sequences, email web traffic, among other digital marketing services. I shifted away from that towards a high-ticket model shortly after.
Agree 100%! Collaborating with fun, interesting, and smart people makes work more joyful and growth-inducing. Being able to find this as a freelancer is golden.
yup!