Freelance full-stack developer with too many hobbies, including pottery, photography, furniture design, woodworking, and fabrication (steel, thermoplastics, CNC, 3D printing, etc).
I couldn't disagree more with the conclusion. Cards on the table: I bill clients hourly, invoice monthly (no deposit), and have been doing so for the majority of the last 10 years. My work needs to continually justify the rate I bill, which is incentive to work hard on every project and always look for ways to get better and more efficient.
The result? I get paid in a timely manner, reliably. Clients come back to me for new projects, and when stakeholders leave, they sell me in on projects at their new companies. I have the flexibility to turn down projects I'm not interested in or steer the tech stack that gets used. And very little of my time is spent on contracts, marketing, or sales. I don't even have a real website, just a kludgy template on Persona.
The reality is that concerns about capped hourly earnings are moot if you're billing at a competitive rate and revising it periodically. Freelancers routinely out-earn their peers doing full-time work while having more flexibility—if they couldn't most wouldn't be taking on the additional risk.
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I couldn't disagree more with the conclusion. Cards on the table: I bill clients hourly, invoice monthly (no deposit), and have been doing so for the majority of the last 10 years. My work needs to continually justify the rate I bill, which is incentive to work hard on every project and always look for ways to get better and more efficient.
The result? I get paid in a timely manner, reliably. Clients come back to me for new projects, and when stakeholders leave, they sell me in on projects at their new companies. I have the flexibility to turn down projects I'm not interested in or steer the tech stack that gets used. And very little of my time is spent on contracts, marketing, or sales. I don't even have a real website, just a kludgy template on Persona.
The reality is that concerns about capped hourly earnings are moot if you're billing at a competitive rate and revising it periodically. Freelancers routinely out-earn their peers doing full-time work while having more flexibility—if they couldn't most wouldn't be taking on the additional risk.