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Clients want contractors so that they don’t need the commitment of an employee. This is a benefit to the Client that the contractor can charge a premium for. Th
by matt_the_bass 8y ago
Clients want contractors so that they don’t need the commitment of an employee. This is a benefit to the Client that the contractor can charge a premium for. Therefore, if the contractor can find enough clients and is able to handle their overhead efficiently, they can make a lot more money than an employee. The downside is that the contractor needs to be willing/interested/effective at marketing and managing overhead.
To me the question is a lot like “what type of company should I work for”. It depends on your skills, interests and values.
- ratsimihah 8y agoThis makes sense, yet it contradicts with https://news.ycombinator.com/item?id=17869727 https://news.ycombinator.com/item?id=17869727, which argues that there's a trade-off between income and freedom. But maybe they all fit into some sort of balance between income, self-marketing, and freedom? Oh man, that really makes me want to get into contracting again!
- matt_the_bass 8y agoI don’t think our two comments are mutually exclusive. One could be a contractor only working a few small jobs or off and on. In that case you’d have more freedom but not make as much.