Monday, March 6, 2023

Ask HN: Self-Employed folks, are you earning a living wage from your work?

This is a very vague question but it was prompted after reading about this [1] topic yesterday. The author mentioned it took them 5 years to get to $1000/month.

This made me think about a distinction, although I'm having trouble putting my finger on it.

One kind of a self employed person is a product developer/seller and the other is selling services/consulting. (And I'm sure there are more if we further down.)

To me, it seems like 'The odds of success are very low for a startup' and other related wisdom is usually referring to the product based solo entrepreneurs.

I'm curious to know what are the experiences and how hard is it to earn a decent* income doing the consulting/freelancing/contract based 'renting out my time' approach?

I'm hoping to hear someone insights into people's experiences, and possibly comparisons to going down the product path. The end goal would be to work for yourself.

* - `decent` could be defined as within 50% of the income you could earn by working for someone else. It's vague, and not really a constraint for this discussion.

[1] Five years of indie hacking https://ift.tt/EUZbH3R

Thank you for any comments and experiences.


Comments URL: https://news.ycombinator.com/item?id=35045566

Points: 1

# Comments: 0



from Hacker News: Newest https://ift.tt/OLyFI3c

0 comments:

Post a Comment