3 ms·
What industry is this where all of the ICs you know are making a million or more?
by doctorhandshake 3y ago
What industry is this where all of the ICs you know are making a million or more?
- satvikpendem 3y agoLikely niche consulting and implementation on unique or domain-specialized knowledge. While I've made a few hundred k off React and Node work, the people I know who make the big bucks are experts in a particular field.
- sidlls 3y agoThis is similar to the FAANG salary phenomenon: for every individual contractor pulling $1MM in annual revenue, there are thousands who might barely be making minimum wage when expenses are factored in. Very few independent contractors end up earning enough to equal full-time employment doing similar work.
- devjab 3y agoThey started consulting and eventually build products that they sell to the organizations they consulted for. One did consulting for public sector authorization management and eventually build a ReBAC API to put on top of the myrirad of API's that the public sector in Denmark operates, so that IDM became much, much easier. Another started as a RPA (robot process automation) trainer who worked together with the business side of the whole concept and was their go-to for technical training whenever they sold a "package" to organizations. Now owns a 50+ person company that is full of consultants that did what he once did. I guess the latter isn't really an IC anymore, but I know he didn't plan for things to happen this way. It started with him just being an IC and then eventually when he had too much work he had one of his friends join him, and so on.