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Are you willing to provide any additional clarity on "very competitive rates as contractors"? I understand if not but would be useful to help some of us externa

Are you willing to provide any additional clarity on "very competitive rates as contractors"? I understand if not but would be useful to help some of us externally think about this model.

philipkiely 6y ago
I won't discuss other people's rates but I personally earn ten thousand USD per month.
- tyrust 6y ago
  Thanks for the number. Are you willing to add how many hours you're putting in?
  - philipkiely 6y ago
    It really depends and I don't track my time all that well, though one of my 2021 things I'm doing is trying a bit of time tracking, just for my own sake / more visibility on how I spend my day.
    - oAlbe 6y ago
      What are you using to do time tracking, if I may ask?
  - swyx 6y ago
    their official deal is well known - it's a quarter time role so formally about 10 hours a week. of course, the time they end up actually putting in is up to them.
- creddit 6y ago
  Thank you for sharing!
DVassallo 6y ago
I’m making $10K/mo for a quarter-time PM role at Gumroad (so about $250/hr).
- mywittyname 6y ago
  Is Gumroad your only gig?
  - DVassallo 6y ago
    No, I own a SaaS business and also sell my own products on Gumroad itself. In fact, the latter was my biggest income source in 2020 — $282K sales last year: https://twitter.com/dvassallo/status/1333888186762678274 https://twitter.com/dvassallo/status/1333888186762678274
    - asd9900 6y ago
      And you are not even 26? Congrats man, you made it :) That's more than I ever made in my life (close to 40).
      - cambalache 6y ago
        That is OP , not the person you are answering to
      - the_jeremy 6y ago
        The person who is under 26 is not the same person who posted their rates.
      - ahmadss 6y ago
        I think the parent OP is different than Daniel. Daniel worked at Amazon / AWS for 8 years https://dvassallo.medium.com/only-intrinsic-motivation-lasts-92c0497cf97c https://dvassallo.medium.com/only-intrinsic-motivation-lasts...
      - konjin 6y ago
        Money is not how you count if you made it. I made as much as OP at that age (and am now a few years older) and I'm very far from making it. Millions don't go as far as they used to when everyone around you is even richer.
poorman 6y ago
People don't realize that as a contractor, you can write off the room you're using for your office. As a remote employee you cannot. For people living in high rent areas, that's significant.
- matsemann 6y ago
  Where I live that office has to be a "proper office" in a sense, where you could have clients stopping by. Not just working from a room next to your exercise bike and laundry. Here the tax law is mostly written with hair stylists and others in mind, using a room for customers with its own entrance.
  - eloff 6y ago
    Where is that?
    - telesilla 6y ago
      Countries like the Netherlands expect you to have a separate entrance and bathroom before you can claim it. Others allow you to claim a percentage of your living space and utilities. It varies around the world.
- alistairSH 6y ago
  Not always. Highly dependent on country/state and actual usage of space (dedicated office space vs a desk/chair in the corner of the bedroom). Hire a CPA if you are unsure.
- LilBytes 6y ago
  You can in Australia. I am and have done so for many years. This was also the case prior to Covid. The tax office did make some changes last year to make it easier for people to write off certain expenses when working from home. [1] These changes did not impact me though however, as the new "quick and efficent" method still provided me with a much smaller tax return than documenting all of my own costs. [2] [1] https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Home-office-expenses/ https://www.ato.gov.au/Individuals/Income-and-deductions/Ded... [3] https://www.ato.gov.au/General/COVID-19/Support-for-individuals-and-employees/Employees-working-from-home/ https://www.ato.gov.au/General/COVID-19/Support-for-individu...
rattray 6y ago
I'm curious how this plays out for the least-well-paid listed, customer support. Sounds like it's $50/hr up to 20hr/wk, $25/hr thereafter. For 40hr/wk, that's $1500/wk or $6000/mo or $75k/yr (assuming 2wk unpaid vacation). Not bad honestly.
vlz 6y ago
From the article: > In practice, we pay everyone hourly based on their role. The range varies from $50 (customer support) to $250 (Head of Product) an hour. > Recently I standardized our rates world-wide > We also have an “anti-overtime” rate: past twenty hours a week, people can continue to work at an hourly rate of 50 percent. This allows us to have a high hourly rate for the highest leverage work and also allows people to work more per week if they wish.

Are you willing to provide any additional clarity on "very competitive rates as contractors"? I understand if not but would be useful to help some of us externally think about this model.

philipkiely 6y ago

I won't discuss other people's rates but I personally earn ten thousand USD per month.

tyrust 6y ago
Thanks for the number. Are you willing to add how many hours you're putting in?
- philipkiely 6y ago
  It really depends and I don't track my time all that well, though one of my 2021 things I'm doing is trying a bit of time tracking, just for my own sake / more visibility on how I spend my day.
  - oAlbe 6y ago
    What are you using to do time tracking, if I may ask?
- swyx 6y ago
  their official deal is well known - it's a quarter time role so formally about 10 hours a week. of course, the time they end up actually putting in is up to them.
creddit 6y ago
Thank you for sharing!

DVassallo 6y ago

I’m making $10K/mo for a quarter-time PM role at Gumroad (so about $250/hr).

mywittyname 6y ago
Is Gumroad your only gig?
- DVassallo 6y ago
  No, I own a SaaS business and also sell my own products on Gumroad itself. In fact, the latter was my biggest income source in 2020 — $282K sales last year: https://twitter.com/dvassallo/status/1333888186762678274 https://twitter.com/dvassallo/status/1333888186762678274
  - asd9900 6y ago
    And you are not even 26? Congrats man, you made it :) That's more than I ever made in my life (close to 40).
    - cambalache 6y ago
      That is OP , not the person you are answering to
    - the_jeremy 6y ago
      The person who is under 26 is not the same person who posted their rates.
    - ahmadss 6y ago
      I think the parent OP is different than Daniel. Daniel worked at Amazon / AWS for 8 years https://dvassallo.medium.com/only-intrinsic-motivation-lasts-92c0497cf97c https://dvassallo.medium.com/only-intrinsic-motivation-lasts...
    - konjin 6y ago
      Money is not how you count if you made it. I made as much as OP at that age (and am now a few years older) and I'm very far from making it. Millions don't go as far as they used to when everyone around you is even richer.

poorman 6y ago

People don't realize that as a contractor, you can write off the room you're using for your office. As a remote employee you cannot. For people living in high rent areas, that's significant.

matsemann 6y ago
Where I live that office has to be a "proper office" in a sense, where you could have clients stopping by. Not just working from a room next to your exercise bike and laundry. Here the tax law is mostly written with hair stylists and others in mind, using a room for customers with its own entrance.
- eloff 6y ago
  Where is that?
  - telesilla 6y ago
    Countries like the Netherlands expect you to have a separate entrance and bathroom before you can claim it. Others allow you to claim a percentage of your living space and utilities. It varies around the world.
alistairSH 6y ago
Not always. Highly dependent on country/state and actual usage of space (dedicated office space vs a desk/chair in the corner of the bedroom). Hire a CPA if you are unsure.
LilBytes 6y ago
You can in Australia. I am and have done so for many years. This was also the case prior to Covid. The tax office did make some changes last year to make it easier for people to write off certain expenses when working from home. [1] These changes did not impact me though however, as the new "quick and efficent" method still provided me with a much smaller tax return than documenting all of my own costs. [2] [1] https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Home-office-expenses/ https://www.ato.gov.au/Individuals/Income-and-deductions/Ded... [3] https://www.ato.gov.au/General/COVID-19/Support-for-individuals-and-employees/Employees-working-from-home/ https://www.ato.gov.au/General/COVID-19/Support-for-individu...

rattray 6y ago

I'm curious how this plays out for the least-well-paid listed, customer support. Sounds like it's $50/hr up to 20hr/wk, $25/hr thereafter. For 40hr/wk, that's $1500/wk or $6000/mo or $75k/yr (assuming 2wk unpaid vacation). Not bad honestly.

vlz 6y ago

From the article: > In practice, we pay everyone hourly based on their role. The range varies from $50 (customer support) to $250 (Head of Product) an hour. > Recently I standardized our rates world-wide > We also have an “anti-overtime” rate: past twenty hours a week, people can continue to work at an hourly rate of 50 percent. This allows us to have a high hourly rate for the highest leverage work and also allows people to work more per week if they wish.