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It's all about the residual income my friend (in addition to the great advice you've already received about upping your prices, although I get that saying it ve
by simonswords82 12y ago
It's all about the residual income my friend (in addition to the great advice you've already received about upping your prices, although I get that saying it versus doing it are two different things).
When we create a website and/or webapp for a client we always charge 10% of the total cost of the build per annum for the hosting (if required), support and maintenance of that site. This means that each time we complete a project, we're topping up our residual income ad infinitum. This baseline of income is essential to my sanity, as it means we're not 100% reliant on project work to make money.
Happy to share more info, oh and props for growing your contracting gig to 100k - that's no small feat so don't be too hard on yourself.