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On what planet is $240k/yr net profit for a boot strapped business a "low bar."
by shiftpgdn 6y ago
On what planet is $240k/yr net profit for a boot strapped business a "low bar."
- jdminhbg 6y agoThe $20k profit number was already multiplied by 12, it's not the monthly number.
- fouc 6y agoA developer working as a contractor and charging his clients a fairly reasonable rate of $120/hr could make that.
- shiftpgdn 6y agoIf you have ever contracted at any length you would know that $120/hr is hard earned and usually has not insignificant time on the back end in so far as negotiating the deal, keeping it going, etc.
- jlokier 6y agoHere on HN I've occasionally seen people talk about $150/hr as a "low" contracting rate. And others talk about how they could not achieve that in their wildest dreams, and consider $80/hr "good". I was recently contacted about a contract proposal, in the USA, and they were offering $50/hr for some quite advanced cryptography work for a BigCorp end customer. I turned it down but it's good to get an idea of the market rate. Rate expectation seems to vary a great deal depending on which geography and network-bubble people are in.
- bavell 6y ago> ...fairly reasonable rate of $120/hr Hahaha, I wish I could tell my clients that's a fairly reasonable rate! The only situation where that's fairly reasonable is when you're contracting with MegaCorp Inc...