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> Step 1: Be popular/famous enough that people know your name. Step 2: Be good/accurate enough at opining in ways that make sense. Neither of these are prereq
by dsacco 9y ago
> Step 1: Be popular/famous enough that people know your name.
Step 2: Be good/accurate enough at opining in ways that make sense.
Neither of these are prerequisites for being extremely successful at consulting. My consulting rates are now approximately $10,000/week with a 70% annual utilization rate. I'm not industry famous at all. I also do not maintain a blog or do "content marketing." For a while I had no website, and even now my website isn’t exactly great, it’s what I’d call “minimally good enough” (but then I’m not a web developer :). I started consulting several years ago, and I have literally never gone onsite to a client's location. A significant number of Y Combinator companies have been clients of mine, and virtually all work comes to me via referrals from past clients.
I don't typically brag about this, but I'd like to say it because patio11 is an easy target for the "he got there by being industry famous" critique, and I think that would be the wrong thing to take away from his writings. I got to this rate by following his consulting advice as sprinkled throughout his blog and his comments here on Hacker News. I started my rates at approximately $5,000/week, which if I recall correctly tptacek once told me was "criminally low" for the industry :). Here are the two steps I would suggest, in place of yours:
1. Be demonstrably technically competent and capable of presenting your expertise coherently to various audiences,
2. Be willing to raise your rates and willing to ask clients for referrals at the end of every engagement.
I’m not exaggerating when I say that the very first time I raised my rates was spontaneously, on the phone with a client. I was asked my rates and thought to myself, “fuck it, let’s see what happens if I ask for 20% more than usual.” I did, there was a moment of silence, then an “okay.” That exchange is the substantive content of essentially every instance I’ve ever raised my rates. There’s not much magic to it aside from being willing to do it.
I personally used to be in the same position you're in now, in about 2012, reading patio11's blog and being cynical about it. But I find that framing to be defeatist after having accomplished it myself without either of your steps as a prerequisite. I firmly believe just about anyone who isn't socially tonedeaf and who has a real technical competency can achieve the same if they are determined to do so.
As a side note, I personally feel that I owe a lot of my success to patio11, and I’ve told him as much before. His response was essentially to pay it forward, and I hope I can do that a bit with this comment.
- deleted 9y ago[deleted]
- jeffwass 9y agoThat's a nice rate. Mind sharing how many weeks you work a year? Ie, is there enough demand you can work in the upper 40's, leaving enough vacation time?
- sheeshkebab 9y agoHere’s the weird thing I found out in my Dev/infra consulting - making $30-40k/month is easy if you you want to work at 100% utilization on a year+ contract. It gets sketchy if you don’t want that kind of utilization.
- nabeards 9y agoHe states a 70% utilization rate over the year, so probably about 37 working weeks / 15 weeks off.
- dsacco 9y agoThis is correct.
- derefr 9y agoYou are industry-famous (or at least have the potential to be), to exactly the degree that "virtually all work comes to me via referrals from past clients." To put it in more technical terms, your work seemingly has a positive viral coefficient, such that when you do work, it gets you exponentially (if only with a very slightly-above-1.0 exponent) more work. If you just exist in that state for long enough, you eventually get to be a well-known name. This is what people mean when they say that you "need" to be industry-famous: it's not that you need to be already-well-known, but rather that you need to have the things going for you that cause people to pass your name around, such that you will inevitably become well-known. You need to be "in the process" of being famous; you need to be successfully executing on personal-brand-building. And some people just don't have what it takes to do that.