[HN Gopher] Ask HN: Generalist contractors, what is your hourly ...
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       Ask HN: Generalist contractors, what is your hourly rate?
        
       There was a question a couple days ago about hourly rate, and a lot
       of the discussion revolved around raising compensation by
       specializing. Of course, generalists can still specialize, but it's
       a bit different. So, I'm curious what the answers will be like if
       we hear from only generalist developers.
        
       Author : codingclaws
       Score  : 285 points
       Date   : 2022-09-03 13:20 UTC (9 hours ago)
        
       | cutler wrote:
       | Which back-end programming languages do you find are most
       | commonly required by clients who pay good rates? I'm particularly
       | interested in the relative popularity of statically typed
       | frameworks such as Spring Boot and ASP.Net vs Rails, Django and
       | Laravel where serious money is at stake.
        
       | gmanis wrote:
        
       | jessecurry wrote:
       | Between $175 and $400/hr depending on the type of work, length of
       | engagement, and interest in the project.
        
       | i_dont_know_ wrote:
       | I generally bill around $175/hr to make whatever technology
       | problems you have work out :) (Note I'm based out of Europe,
       | though, reading some of the stuff here I should probably charge
       | more anyways)
       | 
       | That's my generalized rate when the person paying me is non-
       | technical and the actual work involved isn't clear or known to
       | them ahead of time. I spend part of the time coming up with a
       | plan so they know what's going to happen, of course, and coming
       | up with estimates.
       | 
       | If it's a technical person or the problem is better-defined, then
       | I charge different 'specialist' rates that vary based on the task
       | and the rough 'market rate' for such a task.
       | 
       | Sometimes, also, it's just an unusually fun task or a task for a
       | nonprofit or something, in which case I work with their budget
       | and my intrinsic motivation and try to come up with something
       | fair.
        
       | leetrout wrote:
       | $150/hr for small (<= 10 hour) projects but I did lower my upwork
       | to $90 before the pandemic to try and see if it got me any
       | inbound leads (it did not).
       | 
       | $4000/week with no Fridays for bigger contracts.
       | 
       | It usually gets negotiated down for startups and non-profits.
        
       | hakanderyal wrote:
       | I build web apps from start to finish by myself (architecture,
       | design, development, database, servers, marketing page etc.).
       | 
       | I bill $500/day, but do project based billing, with 50% payment
       | up-front, 25% on first preview, and 25% on delivery. For
       | improvements and new features on existing projects, I estimate
       | the avg. monthly work and we do monthly retainer agreements.
       | 
       | I usually work with seed stage startups (usually referred to me
       | by the angel investors) or bootstrapped B2B tech companies acting
       | as their dev. team.
       | 
       | My rate is lower than others mentioned in this thread, but I live
       | in Turkey, which compared to EU/USA, has very low cost of living,
       | and this rates allow me to live comfortably.
       | 
       | That said, after doing this for 10+ years, I'm finally pivoting
       | to creating my own SaaS products, and stopped accepting new
       | clients and slowing down the works with existing clients.
        
         | joshmn wrote:
         | When you come back around to missing client work, remember that
         | some guy on HN begged you to raise your rate. Doesn't matter
         | where you are located. value == value; value != location.
        
           | justinlloyd wrote:
           | Every time I've said "value == value; value != location" on
           | HN I strangely get downvoted to oblivion. If I am getting
           | $1,000 a day in Los Angeles, just because I decided I wanted
           | to go live in a midden in the Outer Hebrides, it doesn't
           | alter the value I provide, but immediately people trot out
           | the "low cost of living" argument as though they are eager to
           | throw themselves on any business' sword of justification for
           | paying less money for the same thing. If I buy a Macbook Pro
           | in SF or in Upper Tobago (we don't do Lower Tobago, the
           | internet is lousy and there aren't any good restaurants),
           | Apple ain't giving me a discount based on whether I am in a
           | HCOL vs a LCOL (local taxes and minor exchange rate
           | fluctuations not withstanding). I don't understand why so
           | many contractors, especially in this remote era, are so eager
           | to do the same and also tell everyone else why they should be
           | paid less too. I'll keep banging this drum about "value ==
           | value" even if it means taking some lumps with it.
        
           | hakanderyal wrote:
           | I totally agree that value != location, but clients' budgets
           | absolutely depends on the location. I only work with local
           | clients, and my rates are on the expensive sides of the
           | scale.
           | 
           | For comparison, my rates are about 25 times of minimum wage.
           | 
           | I know that I could make more working internationally, but I
           | was happy in my comfort zone. If my indie maker/single
           | founder adventure doesn't work out (happened in the past),
           | I'll keep your advice in mind.
        
           | nevi-me wrote:
           | Sometimes you're limited to local work. I contracted for a
           | while, a few times when I got US based gigs, they'd raise my
           | rate to what's acceptable for them, which was often way more
           | than my local rate.
           | 
           | If I tried to use that rate locally, I'd likely not get much
           | work.
           | 
           | A good analogy was from a real estate agent recently. She had
           | 2 apartments of same size in a complex, one had been vacant
           | for 2 months, and one had just become available.
           | 
           | She said that the owner of the vacant one wasn't willing to
           | lower their rent, and every month that the apartment remains
           | vacant is an 8% loss to their short-term annual rental.
           | 
           | The one that had become recently avaiable got a tenant in
           | days, because even though it's better, its owner offered the
           | same as the first vacant one.
           | 
           | So I'd often consider time to next gig and take shorter term
           | jobs at low rates so I'm not idle.
        
       | rodolphoarruda wrote:
       | Project management, execution or consultation, $40/day.
        
       | leto_ii wrote:
       | In Amsterdam NL a backend engineer could expect 80-100 euros/hr.
       | > 100 is also possible, but you may get into specialization
       | territory.
        
         | wofo wrote:
         | Also based in NL, "Amsterdam" area (Utrecht). As people have
         | mentioned elsewhere, it depends. My current long-term (6+
         | months) contract is at EUR95/hr, working as part of a great
         | team of developers on an Elixir backend, and being able to
         | learn Elixir (which I didn't know beforehand) on the job. I
         | have also done smaller projects (2 months), a bit more
         | specialized, on the side for EUR125/hr.
         | 
         | By the way, I am not totally convinced about weekly vs hourly
         | billing. In my case, hourly billing has worked well. I just
         | make sure I bill for _everything_ I do for the client, also the
         | time I spend learning stuff, and communicate clearly about it.
         | People hire me because I can figure out stuff quickly, not
         | because I know all there is to know about programming (though I
         | do think I have a strong background).
        
           | wpietri wrote:
           | Yeah, hourly billing gets knocks, but I think it's the right
           | approach for a lot of circumstances. If I can control the
           | shape of the engagement and it's the kind of thing I've done
           | enough that I can reliably predict the work needed, sure,
           | project pricing is great. But if you're just putting in work
           | on a project somebody else is leading, hourly's the way to
           | go, because that insulates you from all sorts of risks.
        
         | b0m wrote:
         | Where would one go and look for those kind of vacancies?
        
           | leto_ii wrote:
           | I think in the beginning recruiters on LinkedIn. Note however
           | that like all parasites they will try to skim a lot off the
           | top. Worse than that, some will try to lock you in and write
           | in clauses saying that they should get a share of any other
           | future contracts you might have - make sure to never sign
           | smth like that.
           | 
           | Once you have a few 6 month contracts under your belt and you
           | can get good references you can probably find things without
           | relying on intermediaries.
        
           | wodenokoto wrote:
           | You either connect to a freelance broker or you network your
           | way into such things.
           | 
           | In my experience no advertises on job boards that they are
           | looking for contractors.
        
             | handzhiev wrote:
             | And where do you find freelance brokers?
        
       | francis-io wrote:
       | in the uk, everyone wants to work on daily rates. 600pd-650pd as
       | a devops engineer.
       | 
       | So, PS75, or $86 an hour. This is 5 days a week, 40 hours a week.
       | I bill around PS14k a month and after taxes i walk away with
       | about PS7k a month.
        
         | jokethrowaway wrote:
         | I'd recommend stashing the money inside a ltd and investing
         | them from there paying only corporate tax. Then in 20 years
         | move to Dubai for a year, withdraw as dividends at 0% and close
         | off the company.
        
         | sgjohnson wrote:
         | > I bill around PS14k a month and after taxes i walk away with
         | about PS7k a month.
         | 
         | You should employ some sort of a tax-reduction strategy. Paying
         | 50% of your gross in direct taxes is absolutely batshit crazy.
         | 
         | I used to contract for PS350-450 per day as a PHP backend dev
         | and paid an effective 30% tax rate. Which is still crazy insane
         | high, but it's not 50%.
         | 
         | Does your 50% figure includes VAT? Because if that's not VAT
         | inclusive, you're doing something horribly wrong. Inside IR35?
        
           | eatYourFood wrote:
        
           | tekkk wrote:
           | If that's net after pension and everything it's not really
           | that surprising. In Finland for example the employee pension
           | rate is 25% of gross. Then tax and employer insurance on top
           | of that and you're left with about half of the total paid
           | sum. Of course, as independent contractor you can set your
           | own pension rate as low as you want but that's a different
           | debate.
        
             | sgjohnson wrote:
             | Virtually all contractors in the UK are operating through a
             | LLC and paying themselves in dividends, so there's no
             | pension at all, and legally they are not even employees of
             | their businesses (because board members can provide the
             | business with whatever services without being employees).
             | 
             | If you go through PAYE, you make yourself an employee, and
             | you must pay yourself a pension. But going through PAYE is
             | a net loss, because then you also have to pay national
             | insurance not only on your side, but also on the employers'
             | side. Paying NI if you can perfectly legally avoid paying
             | it is stupid.
        
               | Silhouette wrote:
               | _Virtually all contractors in the UK are operating
               | through a LLC and paying themselves in dividends_
               | 
               | This hasn't been entirely true for a long time and it's
               | almost the opposite of true today. The _vast_ majority of
               | contract work in the UK today is now forced under
               | umbrellas where you 'd be an employee of your umbrella
               | firm and not working through your own Ltd. There is still
               | outside IR35 work around but close to 100% of larger (and
               | typically better-paying) clients don't want to get near
               | it because of the risks since the recent changes in the
               | rules.
               | 
               |  _If you go through PAYE, you make yourself an employee,
               | and you must pay yourself a pension. But going through
               | PAYE is a net loss, because then you also have to pay
               | national insurance not only on your side, but also on the
               | employers ' side. Paying NI if you can perfectly legally
               | avoid paying it is stupid._
               | 
               | I urge anyone considering working as a freelancer or
               | contractor in the UK to take the time to talk to a real
               | accountant before trusting this advice. The above
               | paragraph is all kinds of wrong.
        
               | tekkk wrote:
               | The difference between taxation schemes between countries
               | seems to be a wildly heterogenous bunch - thanks for the
               | explanation!
        
               | mjfisher wrote:
               | That's not universally true. Most of the contractors I
               | know are a mixture of PAYE and dividend (pension
               | requirements don't apply to directors and paying nominal
               | NI secures a state pension on retirement). It's usually
               | the setup a good accountant will suggest.
        
       | ents wrote:
       | 95/hr, doing "web stuff" for small businesses
        
       | helloguillecl wrote:
       | I charge 75 EUR per hour but my main client is very loyal (15
       | years working together), pays on time (24 hours) and I might soon
       | become a business partner.
       | 
       | I de design, backend in PHP test and do server administration of
       | a PMS for hotel.
        
       | joshmn wrote:
       | Ten-some years ago I started at $100/hour and I thought that was
       | a good idea. "Great, I'll make $200k a year and pay 45% in taxes,
       | that's fine, I can live on that." I thought that being attractive
       | to more people was a better way to find clients.
       | 
       | I didn't have a problem finding clients, but they were clients
       | that I didn't see panning out -- they gave me vibes of being poor
       | executors. I looked for a way to filter out these "app idea bros"
       | as I called them.
       | 
       | The first thing I did was change my rate to $150/hour.
       | 
       | Again, I didn't have a problem finding clients; they were still
       | the clients that I didn't see panning out, though.
       | 
       | I kept increasing it until I got three prospects in a row that
       | had huge concerns paying what I was asking: granted, it as a lot
       | more than anyone should ever pay for any skillset that wasn't
       | life or death, but it helped me find a balance.
       | 
       | Eventually I settled on $375/hour, prepaid, and prepaid weekly. I
       | still have no problem finding clients, but the quality of client
       | has significantly increased. I also now am much more happy to
       | filter clients out -- I let them know that, too.
       | 
       | I rarely negotiate on it. I'll negotiate on scope (time), or
       | really narrow focus so that my value can be had in a much more
       | focused manner.
       | 
       | Before, my marketable skill was "developer, with business chops".
       | My acumen has evolved, sure, so my marketable skills have too.
       | But how I approach it has changed greatly.
       | 
       | My value prop is quite extensive: I am a one-stop shop for all
       | things idea, from both a business and product standpoint. I
       | contribute at the executive level, I build the product, I share
       | fifty ways that a product could fail and find new ways that it
       | could succeed.
       | 
       | Most importantly, though, I tell clients what they don't need,
       | and I don't spare any time to do so. "Well, my friend said that
       | they use AWS and Kubernetes, don't we need that to scale?", to
       | which I reply, "Cool, I'm happy for them, but you don't need it,
       | no; $PaaS is fine until you reach their limits and it starts
       | becoming a problem -- you have three paying customers who are
       | operating off your hacked-together MVP; thus, it's not a problem.
       | Please, do yourself a favor and stop talking to friends about
       | what they use and go talk to customers and potential customers
       | while I'm building this."
       | 
       | This builds trust, and is the most important tool in my bag of
       | tricks: not my background in Ruby development, not how productive
       | I am, not my experience in having already solved seemingly 99.9%
       | of the problems people face in building and scaling web apps.
       | Those are all superficial and nice-to-haves.
       | 
       | Trust is the most important thing I sell, followed by my ability
       | to say "no". The practical and tangible experience in design,
       | development, systems, content, email campaigns, copy, branding...
       | my clients could hire anyone to do those things better than I
       | could -- people can specialize in it. I specialize in saying no,
       | and, while the jury is still out on this, I haven't quite been
       | proven completely wrong yet -- and one of my biggest kinks is
       | being wrong.
       | 
       | I miss client work. It was stressful at times, and at times kind
       | of lonely. I've pivoted to other things to build skillsets that
       | were practical, but I still find myself picking up the odd job
       | here and there.
        
         | holler wrote:
         | > It was stressful at times, and at times kind of lonely.
         | 
         | This resonates having done contracting for the past 5+ years
         | and at times, lately, feeling lonely.
        
         | xcambar wrote:
         | I'm a full-time employee but I can see myself in your comment.
         | Too many people do not realize the power of "no" on one hand
         | and the power of being able to build a valid opinion on many
         | topics quickly, opposed to having the perfect, expert opinion
         | on one single topic, on the other hand.
         | 
         | It took me a lot of experience to learn that and now I'm more
         | listened to by my reports, peers and superiors alike, while
         | feeling much quieter and more efficient at the same time.
         | 
         | Kind of a zen state of sort. :)
        
       | hansvm wrote:
       | When I was early in my career I spitballed $180/hr as something
       | they'd surely try to negotiate. The client jumped at the
       | opportunity. I've been employed normally since then, but I
       | imagine the market rate is substantially higher.
        
       | ccvannorman wrote:
       | I recommend Weekly Rate Consulting[0]
       | 
       | About four years ago a friend of mine, who specializes in
       | personal brand consultation, suggested whatever my hourly was
       | that I double it. I didn't believe her. I doubled it and landed
       | the first proposal.
       | 
       | You're probably worth more than you think.
       | 
       | Specialization can increase your rate, but business sense,
       | communication, and ability to articulate and contribute value at
       | the executive level is a 10x difference.
       | 
       | [0]
       | https://training.kalzumeus.com/newsletters/archive/consultin...
        
         | PragmaticPulp wrote:
         | > About four years ago a friend of mine, who specializes in
         | personal brand consultation, suggested whatever my hourly was
         | that I double it. I didn't believe her. I doubled it and landed
         | the first proposal.
         | 
         | Doubling your rate is really only an option when you're already
         | charging too little or if you're dealing with clients who have
         | no idea what market rate actually is.
         | 
         | I encourage everyone to explore incrementally higher rates
         | until they are losing deals over pricing. That's the only way
         | to really know the ceiling.
         | 
         | The other important thing to keep in mind is that higher rates
         | bring higher expectations. I've had contractors who charges in
         | the $100/hr range and delivered okay-but-not-great work with
         | mediocre communication. We kept them on because they could
         | deliver eventually and we felt like we got what we paid for. If
         | they doubled their rates to $200 the first thing I'd do is wind
         | down the contract and switch to any number of more diligent and
         | qualified contractors I know who charge in that range.
         | 
         | As soon as you violate the client's sense of "you get what you
         | pay for", the relationship is in trouble. If someone doubles
         | their rates, they need to be prepared to deliver work and
         | communication deserving of that rate. There are a number of
         | contractors in my area who have reputations of charging
         | expensive rates but delivering budget quality work. They're
         | mostly limited to new clients at smaller companies who don't
         | have enough of a network to check their reputation.
         | 
         | However, if you can increase rates _and_ deliver quality work
         | that matches the price, you could work yourself into a premium
         | market segment. And that's a good place to be!
        
           | Kamq wrote:
           | At the same time, the old saying that if you double your rate
           | and lose half your clients, you came out ahead seems
           | applicable here.
        
           | lumost wrote:
           | You just highlighted why doubling the rates might work for
           | many people. If you charge $100/hr, the client may simply
           | assume you can't handle the higher level/harder work. If you
           | potentially can.. then doubling the rate will make the client
           | feel comfortable giving it to you.
           | 
           | The same pattern happens in salaried work, A manager needs to
           | show that the expensive new senior hire was worth the money.
           | So they give the new hire all the good projects and leave the
           | (cheaper) current employees high and dry. Further, management
           | is incentivized to show the new hire's work in a positive
           | light during performance review as they would be admitting
           | that _the manager_ made a mistake otherwise.
           | 
           | Understanding this dynamic will make you happier at work.
           | Sometimes you need to leave so that you can be the great new
           | hire, sometimes you need to demand more money/promotion so
           | that management sees your worth. People inherently assume
           | that you are worth something approximating your salary.
        
       | jordanf wrote:
       | 12,500 / week for general work (design, prototyping, sometimes
       | building). Startups won't pay this, but large firms will.
        
         | PainfullyNormal wrote:
         | Are you paid primarily for product design, graphic design or
         | engineering? That's a killer trifecta of skills. It reminds me
         | of some advice from Scott Adams: "Become very good (top 25%) at
         | two or more things."
        
       | abofh wrote:
       | It varies widely based on how much I think I gain from your
       | project (experience, learning, networking etc). I'm an AWS
       | specialist DevOps ish person, and bill around 1k/day on retainer
       | and a bit more for "live" work. In general, if your aws bill is
       | smaller than my invoice, we do something short term and results
       | focused and I bill at a higher rate, if your aws bill is higher,
       | you get a lower rate, but keep me around on call because when
       | someone really fucks up, it balances in the wash when you're back
       | online in hours instead of days.
        
       | bastardoperator wrote:
       | 1700 dollars per day, minimum 5 days
        
       | k__ wrote:
       | Depends on how fast I work.
        
       | bfgoodrich wrote:
        
       | vilius wrote:
       | I'm also curious what's a good way finding projects for
       | generalists. My contracting experience was that I ended up doing
       | specialized work even though I would able to complete the project
       | from start to finish.
        
         | davedx wrote:
         | Startups! They love generalists.
        
           | JoshTriplett wrote:
           | The downside of a startup is that they don't have as much
           | money to pay you, and as a contractor you don't get equity.
           | 
           | (On the upside, you don't get equity, and for _most_ startups
           | the money they pay you will be worth more than any equity
           | ever will be.)
        
             | Silhouette wrote:
             | They don't have money at first. The ones who hit product-
             | market fit and then want to scale quickly used to be a gold
             | mine for good generalists though.
             | 
             | A few startups are run by veterans of several previous
             | adventures who can spot when the real game is about to kick
             | off and it's time to ramp up hiring. But almost no-one
             | without that prior experience can hire a bigger permanent
             | team as fast as they want to during that period of rapid
             | growth.
             | 
             | Also these companies often have relatively inexperienced
             | teams as they start to scale just because of the earlier
             | budget limitations. They benefit from having some more
             | experienced hands on deck for a while to stop them making
             | dumb mistakes and help them train up their early hires who
             | stick around and suddenly find themselves operating a level
             | or two up the ladder as the head count grows.
        
       | xyzzy_plugh wrote:
       | Most recently my floor was USD$300/hour but billed in weeks, and
       | sometimes I didn't do full weeks (like four day weeks during good
       | weather). Usually minimum engagement of four weeks, 25-50%
       | upfront (longer engagements get the lower end).
       | 
       | I increase the rate with respect to beurocracy and scope. If I'm
       | working with a small, single digits shop then the lower rate
       | usually holds. If it's a larger shop and I'm going to be in a ton
       | of meetings all the time, I usually start doubling the rate. For
       | a F500-type company I'd never drop below $500/hour, and minimum
       | engagement would probably grow to eight weeks.
       | 
       | I'm a generalist. I've actually signed a number of contracts on
       | "I will fix ~all your hard to fix bugs".
        
         | pyuser583 wrote:
         | How much does that come out at per year? Do taxes eat up a
         | large amount? Are you continuously employed or are there dry
         | spells?
        
           | xyzzy_plugh wrote:
           | I'm at a full time gig right now for various reasons but it
           | depends on how many clients I want to have at once. I tried
           | to limit to a handful per year, and the last year in which I
           | did contracting I was working less than half of the year --
           | but by choice.
           | 
           | Dry spells are planned, as otherwise it's difficult to line
           | work up as often times scope changes during an engagement.
        
         | galfarragem wrote:
         | ..What's your main stack?
        
           | xyzzy_plugh wrote:
           | If I'm developing services, I just write Go. I have a lot of
           | Linux experience as well. I'm comfortable reading and
           | patching pretty much any language.
        
       | 01100011 wrote:
       | You need to define your question better. What is a generalist? I
       | would have considered myself a generalist but thats with a focus
       | on embedded/systems programming and an ability to make a shitty
       | website/database backend. Other folks may consider themselves
       | generalists because they handle front & backend web design or
       | because they write applications from start to finish. What sort
       | of information are you looking for?
        
       | hnthrow29475792 wrote:
       | I'd actually go at a different argument than generalist versus
       | specialist, some fairly commonly heard wisdom in UK was if you
       | were risk-tolerant you could "always make more contracting". What
       | you also hear is "charge more". I would instead say to both of
       | those things that one should seek to understand where they want
       | to be in 5-10 years, earning what and doing what?
       | 
       | A lot of these threads do boil down to the few making $350 per
       | hour, the many making $100 per hour, and both cohorts seeking to
       | make more. I can't actually tell you how to do that while
       | contracting, I can tell you my story and perhaps it will help
       | someone :-)
       | 
       | I pursued contract roles for a few years typically resulting in
       | me making PS100-250k gross per annum range, typically billing at
       | PS1000/day or PS15-20k/month and optimizing UK tax using all the
       | usual and perfectly legal means. That's a good income and my
       | family had an okay standard of living.
       | 
       | These roles were anything from software development to systems
       | engineering, mostly a "make problems go away" situation - clear
       | connection for the client to business value. I worked for
       | everything from US startups through to UK financial services.
       | 
       | Before that I'd done some full-time roles with big and small
       | companies typically in the PS80-150k range. Striking out as a
       | contractor was partly the desire to try something new and partly
       | a particularly interesting opportunity arose.
       | 
       | Eventually, I ended up going back to what I'd still consider
       | generalist roles with larger FAANG or FAANG-adjacent employers,
       | that's something of a "loss of freedom" versus contracting, the
       | nature of growing a "career" with them (not the same employer
       | necessarily, just the same set of companies).
       | 
       | For me, long term goals were twofold:
       | 
       | 1. To have interesting work and problems to solve, ideally to
       | engage with smart people;
       | 
       | 2. To make money, lots of money, I'd like to retire at some
       | point, and I'd like my standard of living to be high, I'd like to
       | never really worry about money.
       | 
       | In outcome terms, making that jump back to FTE and "getting in
       | the door" of FAANG, which took effort both to get in and then to
       | excel in the new roles, it has paid off in ways where generalist
       | consulting could never take me, I relocated, now take roles that
       | are FAANG or FAANG-adjacent executive-level roles in
       | "Engineering", these involving a multi-disciplinary mix of duties
       | -- Product, Software and Program Management, the full spectrum of
       | working out what the customer needs and what that means for the
       | business, building that technology often with a large team,
       | enabling the field to sell it, feedback loops to improve it.
       | 
       | I've had several years of W-2 employment in the $2-4M USD range,
       | that's >10x from contracting rates, achieved in <10 years and I'm
       | on track to punch my retirement ticket around 43 years old and
       | then only work for interest, not for money.
       | 
       | In my humble opinion, it is much harder to sell yourself as a
       | contractor when applying to FTE roles (particularly those at
       | bigger companies) and to tell the story in ways a Hiring Manager
       | will appreciate and see your value. Therefore you really need to
       | consider whether the "hustle life" of contracting is something
       | you want to do through retirement, what's it mean for you when
       | 35+ or even 45+ and is it setting you up for the endgame you want
       | in life?
        
         | eatYourFood wrote:
         | Best comment yet but zero replies. Would love to hear about how
         | you jumped into 2m$ roles after working at FAANG. Is that still
         | consulting?
        
           | hnthrow29475792 wrote:
           | I haven't done any significant consulting since moving to
           | FAANG. Occasional due diligence on M&A. Occasionally a Board
           | Advisor. Nothing that creates conflict with the day job.
           | 
           | So, I'm a W-2 employee now in an executive-level role, have
           | been for several years, and this is my second such role
           | (meaning two companies now have hired me in from outside as a
           | senior leader). Right now I'd say FAANG-adjacent, it's not a
           | company in the acronym, it's still a huge employer. They're
           | paying highly competitively and matched the deal offerer by a
           | FAANG when I moved jobs in 2020. I would expect this is
           | probably what I'll be doing until I "retire".
           | 
           | Retirement to me doesn't actually mean entirely ceasing doing
           | work but I'm only going to be pursuing interesting problems
           | with interesting people in a few years.
           | 
           | Overall my point though was you're doing something today not
           | just to make a paycheck this month, but hopefully to lead up
           | to something next year or the year after, and you should have
           | an endgame. Evaluate whether generalist
           | consulting/contracting really supports that endgame for you,
           | and don't just focus on how do I get from $50/hr to $200/hr
           | and then have a "Oh, crap, this skillset and my resume now
           | makes it even harder to get to the endgame that I'm seeking".
        
       | ewuhic wrote:
       | Does everyone of you charging quite a significant sum have a
       | LinkedIn?
        
         | mixmastamyk wrote:
         | I don't, why? Found the current job off craigslist. :-D
        
       | jwmoz wrote:
       | PS500pd this was 4 years ago though. Decent rate at the time.
        
       | adenozine wrote:
       | I bill anywhere from 85/hr to 350/hr depending on what's going to
       | be done, who and what I'll need, location/commute, etc. In the DC
       | area.
       | 
       | I imagine a not quite bell curve with the center around ~150/hr
       | for "accomplish X task and leave" contracts that I'm willing to
       | entertain. Sometimes you bump into some juicy ones, sometimes
       | not. That's life.
       | 
       | I've always told clients that above all else, they're paying for
       | my ability to provide them certainty, quality, and a hard
       | deadline. I charge what I charge because I'm worth it.
       | 
       | Depending on your reputation, if applicable, it can however be
       | smart to work below your worth for a contract if it means a
       | greater chance at better contracts later. You gotta build your
       | network somehow.
        
       | JoeAltmaier wrote:
       | I have a 'rack rate' which is for anything short. That comes down
       | for larger projects - say 10% for 500 hours, 15% for 1000 hours
       | and so on.
        
       | joshmanders wrote:
       | I specialize in the ability to competently and fully build from
       | the ground up your whole business from design, development,
       | system administration, deployments, testing, seo and other stuff
       | as a single person.
       | 
       | My rate is $10,000/week pre-paid monthly.
        
         | moneywoes wrote:
         | How did you get your first client
        
           | joshmanders wrote:
           | I offered to build someone a website for $100 in 2001.
        
         | fb03 wrote:
         | Josh!!! It's Cadu :) Nice to see you on HN <3 Where's my hugs?
        
           | joshmanders wrote:
           | I LOVE YOU BUDDY <3 <3 <3 <3 <3 <3 <3 <3 <3 <3 <3 <3
        
         | SavageBeast wrote:
         | Id think your ability to re-use piece parts from one project to
         | another would help save a lot of time too. There are really
         | only say 10 things to build and once you do, simply re-
         | arranging them for different systems probably levels out the
         | workload significantly.
        
         | indigodaddy wrote:
         | FYI, first load of your personal website (redirected from
         | Twitter) was surprisingly slow. Subsequent reloads were fine
         | however. Could have been something on my end though or likely
         | just Twitter redirection(s?) process taking its sweet time..
        
           | joshmanders wrote:
           | Probably that, it's just a ghost blog deployed to a k8s
           | cluster on aws.
        
         | TruthWillHurt wrote:
         | I'm assuming you do Frontend? What else? What frameworks would
         | you suggest?
         | 
         | I feel I could definitely build a project myself, but I find FE
         | to be very time consuming.
        
           | joshmanders wrote:
           | I do it all. Have for 25 years. Frontend is actually my
           | weakest skillset (but I'm still awesome at it)
        
         | mixmastamyk wrote:
         | I do these as well, wonder if you happen to know competent
         | people from the sales/marketing/product-design areas to team up
         | with? I can build 'em but don't have time to help folks show up
         | and take notice.
        
         | rco8786 wrote:
         | What's your strategy for finding clients, if you don't mind me
         | asking?
         | 
         | And how do you handle ongoing maintenance/sysadmin?
        
           | joshmanders wrote:
           | > What's your strategy for finding clients, if you don't mind
           | me asking?
           | 
           | Referrals from existing clients, HN monthly threads.
           | 
           | > And how do you handle ongoing maintenance/sysadmin?
           | 
           | $10k/week, pre-paid monthly. I don't do hourly because I
           | don't work hourly. You're paying for my skills and expertise
           | not the geo coordinates of the chair I am sitting in for
           | however long I am working. I charge accordingly.
           | 
           | The price is for your slot in my workload and that is it.
           | Need maintenance then you pay me weekly for any maintenance
           | work.
        
             | rco8786 wrote:
             | Amazing. Any oncall type of work? What if things go down at
             | 3am?
        
               | joshmanders wrote:
               | Nothing I do is on-call worthy. I may build the product
               | but I don't run the product after it's built.
        
               | ChainOfFools wrote:
               | A client who's paying one person effectively a half
               | million dollar a year rate to be a 'slot' in their
               | workload, which presumably implies they take on multiple
               | such clients at once, would also presumably not blink at
               | pouring another 5,000 or 10,000 a month off onto a robust
               | cloud platform to make sure things don't go down at 3:00
               | a.m. for trivial reasons.
        
         | kishinmanglani wrote:
         | How do you usually find clients?
        
           | joshmanders wrote:
           | 100% word of mouth and when I was looking, the "Freelancers
           | to be hired" monthly threads here have brought in a ton of
           | money for me too.
        
           | [deleted]
        
         | rtlfe wrote:
         | Have you tried asking for more? If you're actually good at
         | everything you say, you could be making the same amount of cash
         | plus benefits at a FANG, so I'd expect the contracting rate to
         | be much higher.
        
           | I_AM_A_SMURF wrote:
           | meh. I make a little bit more than that at a FAANG and my job
           | is vastly different than a one man show contractor. My work
           | (and any Staff-level job really) is a lot more talking to
           | other engineers and help them being productive, steer the
           | product in the right direction and some high impact coding.
           | 
           | For the OP it's probably a lot more dealing with clients and
           | building stuff from the ground up which you don't tend to do
           | at FAANG at all. I'm not saying it's not as important, it's
           | just very different skill wise.
        
           | [deleted]
        
           | quietbritishjim wrote:
           | $500k + benefits? Are you sure? Especially since you don't
           | really know anything about the parent commenter (for example:
           | their location)
        
             | joshmanders wrote:
             | I'm located in Midwest USA. My states median family income
             | for a year is $10k more than my monthly.
        
             | rco8786 wrote:
             | At a FAANG? Yes that is fairly normal senior engineer comp
        
           | joshmanders wrote:
           | I also charge a non-refundable down payment of $100k to sign
           | non-compete or NDA and that doesn't guarantee I'll accept the
           | job.
           | 
           | Both my rates and this keeps people who aren't serious about
           | working with me away. Anyone else is most likely worth my
           | time and the cost is acceptable because I don't work a full
           | 40/hr week for the client. I plan the work to be done for a
           | week and let them know. If it takes me 40hrs ok but most
           | don't.
           | 
           | They're not paying me for hours logged. They're paying me for
           | my experience and skills.
        
             | scifibestfi wrote:
             | Has anyone paid the $100k? Or do they all drop the non-
             | compete and NDA?
        
               | joshmanders wrote:
               | Dropped. The rate is mostly a "no I'm not signing your
               | stupid contracts that will harm me accepting future work
               | just because you think your facebook killer is a special
               | snowflake that can be stolen" rate.
        
             | [deleted]
        
           | osigurdson wrote:
           | OP didn't say they were good at competitive programming.
        
             | joshmanders wrote:
             | Less that and more that I don't play the FANG game of being
             | under pressure to whiteboard the process of unlinking a
             | doubly linked list or show bubblesort algorithm stuff for a
             | position where all I am doing is stringing some divs
             | together in a React codebase.
             | 
             | I mean if you enjoy that stuff by all means do it, but I
             | prefer to build real stuff that make impact not practice
             | showmanship.
        
           | wpietri wrote:
           | Why's that? Large companies generally don't need single
           | generalists; what they mostly have is teams of specialists,
           | people who can get much deeper into a subject than a
           | generalist can. Is there some role at a FAANG where
           | generalists would thrive?
        
             | joshmanders wrote:
             | > Is there some role at a FAANG where generalists would
             | thrive?
             | 
             | No, generalists typically get pigeonholed into being
             | specialists, and typically not the field they were the
             | strongest.
             | 
             | For example I'm stronger in backend/devops than frontend,
             | but because I do most of my work in Node.js, more
             | specifically Next.js I'm always billed as a frontend dev,
             | so typical companies just want me to do one thing.
             | 
             | Contracts like generalization because I cover more surface
             | area with relatively smaller costs than paying $150k+ for
             | each role I can do.
        
             | rtlfe wrote:
             | > Is there some role at a FAANG where generalists would
             | thrive?
             | 
             | In my personal experience everything except infrastructure
             | and mobile UI favors generalists. The people I worked with
             | were constantly jumping around between backends, protocols,
             | business logic, web UI, test suites, architecture, data
             | analysis, small-scale UI design. This was on public-facing
             | products. I'd expect internal tool teams have even greater
             | need for generalists.
        
             | cromd wrote:
             | Also, the two types of generalists aren't quite the same.
             | Being a generalist in a 10k person company feels different
             | from having to do everything alone at a 5 person company.
             | 
             | I think some heuristic like "earn double a FAANG income"
             | isn't going to go over well with companies that are getting
             | off the ground. Are the companies stupid for not paying
             | that? Maybe sometimes. But there are definitely way more
             | companies willing to hire someone at $200/hr than at
             | $500/hr.
             | 
             | The calculations are just different for the companies. An
             | operation spending $1B gains a lot by shaving off 1% (and
             | small improvements are not strictly in the domain of
             | specialists). But a new venture with $0 in revenue may have
             | a very real risk of running out of cash one day, even if
             | their product idea is great and well-built. "Hire the best
             | people in the world" seems more prudent for a company who
             | is certain it will pay off.
             | 
             | But to be fair, I guess one should occasionally try asking
             | for high amounts anyways. I think jaquesm had recommended
             | aiming to have 50% of your clients turn you down on the
             | basis of price, to find the sweet spot for a rate.
        
         | candiddevmike wrote:
         | For those drooling at this: you probably don't want this work.
         | The clients who pay this amount are typically soul crushingly
         | bad to work with, and you're under the gun to deliver 10k worth
         | of value both to secure future work with the client and ensure
         | your reputation stays clean. One bad experience can sink you
         | with other clients, folks talk.
         | 
         | IMO, build something for you and sell it vs building something
         | for other people.
        
           | rco8786 wrote:
           | That's a lot to extrapolate based on no data
        
           | joshmanders wrote:
           | This is not accurate at all. I've found people who pay these
           | rates are better to work with and demand less.
           | 
           | You know that trope all startup people say "raise your prices
           | and get rid of the low value high cost customers"
           | 
           | Same thing.
        
             | amelius wrote:
             | Now I'm very curious how you find clients and what software
             | stacks you work with.
        
               | joshmanders wrote:
               | I've replied below on various other comments asking
               | similar, but for easier use, I'll repeat here:
               | 
               | > how you find clients
               | 
               | Word of mouth & referrals from existing clients
               | 
               | > what software stacks you work with
               | 
               | Next.js
               | 
               | React-Query
               | 
               | Prisma
               | 
               | Tailwind CSS
               | 
               | Kubernetes
               | 
               | PostgreSQL
               | 
               | Caddy
        
             | shoulderfake wrote:
        
             | rossnordby wrote:
             | Having done a little work across the spectrum, this is
             | definitely correct. Years ago, I targeted the cheaper end,
             | and the amount of work expected was absurd. The nonmonetary
             | terms of the deals were often even worse; think business
             | destroying levels of exploitation. (I declined those!)
             | 
             | In contrast, I've quoted hundreds of dollars an hour while
             | explaining that I didn't think I would offer enough value
             | to actually justify that price in context and encouraged
             | alternatives- and got the job immediately. And the project
             | went very smoothly. In another recent case, I requested
             | tens of thousands of dollars for some project-relevant
             | expenditures, and received a deposit without a single
             | question.
             | 
             | Organizations that are willing to spend money tend to be
             | the ones that understand what they're buying and how to
             | value it.
        
               | justinlloyd wrote:
               | I gave up on the cheaper end long ago - too many trials
               | by fire. Raising my rates was the best thing I did for my
               | own sanity. I still run into an odd client here and there
               | that makes my life Hell on Earth for a while. I also
               | stopped giving discounts. And on the advice of good
               | friend who runs a sizable creative agency in Los Angeles,
               | came up with a "fuck off" rate for when I really don't
               | want the work. Right now, I don't charge a sky-high rate,
               | but I've started applying "9am to 6pm, no on-call, no
               | toxicity, no arseholes, no high pressure to deliver at
               | all costs." I am so over client-induced PTSD & anxiety
               | disorders.
        
           | spaetzleesser wrote:
           | That wasn't at all my experience when I was doing contract
           | work at higher rates. The more I made the better I got
           | treated and the more forgiving things were. The worst
           | contracts were with penny pinchers. As soon as something cost
           | $500 more they were gone.
        
         | ryanSrich wrote:
         | This is a great rate. I'd love to know how you find clients
         | willing to pay this amount. Most people I've come across that
         | need a new site/app built have extremely low budgets. Like
         | $10,000...total for an app. Certainly not $10,000 for a week.
        
           | scrollaway wrote:
           | Simply put: Talk to people who have more money and higher
           | expectations, and highly value efficiency (OP's selling point
           | of being a "single person" means not dealing with a whole
           | team, back&forth comms, etc). Don't talk to your local barber
           | who wants a website to show up on google maps.
           | 
           | I have a similar weekly rate but $200 hourly; How I bill
           | depends on the client (though yes, gravitating more and more
           | towards weekly over time).
        
             | mxuribe wrote:
             | Would you kindly share some examples of the types of
             | people/orgs to seek out, then? For example, if not the
             | barber shop, then the owner of a barber shop franchise, or
             | owner of a chain of barber shops? Genuinely interwested in
             | learning the archetypes of people to seek out here.
             | Anything that you could share would be greatly appreciated!
        
               | scrollaway wrote:
               | Networking is critical. My clients are mostly in fintech,
               | so I network in fintech, but you should seek out in
               | whatever field you're most comfortable in and have loads
               | of expertise with. If you're good at what you do and
               | produce excellent results, you only need to hunt for the
               | first few clients, and then you'll get a lot of
               | referrals.
        
               | orzig wrote:
               | With the caveat that I charge a bit less, and have only
               | had two clients (but kept them each >1y, and have gotten
               | other client interest I did not have bandwidth for): Keep
               | up with the talented people you worked and want to school
               | with. If you are in your 30s, some significant fraction
               | are managers with budgets. At any given time, a few will
               | have a need which is too time-sensitive for the whole
               | hiring cycle (which can take >>$10k and still return a
               | dud).
               | 
               | If they remember you as dependable and all-around
               | competent, they would be thrilled to be able to deploy
               | their budget against the problem nearly instantly.
        
             | mwint wrote:
             | Could you give some examples of those people?
        
             | ryanSrich wrote:
             | This doesn't answer my question. How do you find people
             | "who have more money and higher expectations, and highly
             | value efficiency"?
             | 
             | > "Don't talk to your local barber who wants a website to
             | show up on google maps."
             | 
             | The specific case I was referring to was a series seed
             | funded startup that needed to build an MVP. Even for them
             | $10,000 was too much. They ended up finding someone for
             | half that to build their entire V1. This was maybe 5 years
             | ago. They've since rebuilt everything in house and are
             | doing very well now.
        
               | wcarss wrote:
               | Your last point there is the stinger: they rebuilt
               | everything themselves after going cheaper to start. So:
               | they had the money, and they had cause to spend it, but
               | they chose not pay you for your service, and as a result
               | they likely paid more in the long run. It is a
               | (admittedly pretty tough!) sales task, but it is _the_
               | task: you had to convince them that $10k was worth it for
               | _you_.
               | 
               | Once they have 3+ programmers working full time, they'll
               | be spending _at least_ $15k _every single week_ on their
               | site /app -- likely way more. Save them even a single
               | near-future month of crap-rewriting, "switching
               | frameworks", infrastructure headaches, "one-click
               | signup", getting their shaky foundations sorted out,
               | etc., and it's a very clear win.
               | 
               | I've seen founder and first contractor tech debt that was
               | really hurting the business take _a year_ to clear out,
               | because once the business is running at all, you can't
               | just swap out the engine. Heck, I've seen it take 5
               | years! Making the right choice today can really change
               | their whole outcome, from struggling or closing to
               | thriving -- and a bad contractor is not the right choice.
               | (etc...)
               | 
               | You have to show them: your rate is just a demonstration
               | of your value. If they pick you, they're gonna be
               | laughing all the way to the bank.
        
               | cronix wrote:
               | > So: they had the money, and they had cause to spend it,
               | but they chose not pay you for your service, and as a
               | result they likely paid more in the long run.
               | 
               | That's one possibility. Another, and one that I think is
               | more common with startups (majority are people using
               | their own savings and family/friends, not raising
               | millions from seed rounds) is that they really didn't
               | have that much money up front, but paying a cheaper way
               | allowed them to minimally get a product out the door
               | until they had enough revenue to "do it right."
        
               | lumost wrote:
               | A tech seed round can easily be 7 figures these days. A
               | new initiative at a non-tech fortune 50 could start in 8
               | figures. Hiring someone at 10k per week who can kickstart
               | the project to working production system isn't a bad deal
               | at these budgets.
        
               | Dig1t wrote:
               | Wait wait, is it really possible to get that big of a
               | seed round WITHOUT an MVP??
        
               | rco8786 wrote:
               | Not now. It probably was from 2018-2021. Probably will be
               | again at some point.
               | 
               | But don't take that to mean you can just walk in and ask
               | for money. People still want to know who they're
               | investing in. Prior track record is key.
        
               | lumost wrote:
               | In B2B it may be quite sufficient that someone has a
               | track record in the industry + good customer
               | contacts/buyers. Why wait for an MVP if the MVP doesn't
               | seem like the risky part?
        
               | flappyeagle wrote:
               | Yes now. Series A is harder to raise but 2M seed rounds
               | are still happening. 1M seems pretty standard now.
        
         | OhNoNotAgain_99 wrote:
         | you seem to be on the low side, i do 4000p/day not less
        
           | jononomo wrote:
           | I recommend that you double your rates -- you're worth more
           | than you think.
        
             | oefnak wrote:
             | I believe they're worth even more! Double it again!
        
               | FBISurveillance wrote:
               | Like Dr Evil said: "One! Million! Dollars!"
        
               | mypalmike wrote:
               | One million per day? Or per hour?
        
               | joshmanders wrote:
               | One million to open the email.
        
           | joshmanders wrote:
           | I chuckled. For you, if you want any work done, my rates are
           | $20k/week pre-paid monthly.
        
         | holler wrote:
         | What's your go-to tech stack? Do you find a lot of your work is
         | crud apps?
        
           | joshmanders wrote:
           | Next.js
           | 
           | React-Query
           | 
           | Prisma
           | 
           | Tailwind CSS
           | 
           | Kubernetes
           | 
           | PostgreSQL
           | 
           | Caddy
        
       | klapaucjusz wrote:
       | I charge $150/hr. for new work and do pretty much exclusively
       | hourly-based work. I have many clients that I grandfather on
       | lower rates.
       | 
       | The second half of this equation is how many billable hours you
       | can get as freelancer in a week. Plenty of the things I do are
       | not billable, and the more different small contracts I'm working
       | on the less billable hours I'm able to fit in. I would say I
       | average 20-25 hours billable on a regular work week of 40-ish
       | hours.
        
       | agumonkey wrote:
       | Do you guys charge the same rate no matter the task ? if a
       | customer wants a quickfix or some trivial change do you adapt ?
       | 
       | On the other side of the spectrum, if you spend way longer than
       | thought on a feature, do you stop charging or do you consider
       | your work is still worth for them ?
        
         | hakanderyal wrote:
         | I only work on the products I've built myself. Bug fixes are
         | always free, even if the project has been delivered years ago.
         | Trivial changes are sometimes free if I have a good
         | relationship with the client. Mostly I group the work for a day
         | and charge my daily rate.
         | 
         | For the 2nd question, if it's a fixed budget project, I bear
         | the cost myself and take it as a lesson for the future to do
         | estimates better. If it's not, I always inform the client that
         | it might take a longer than the estimates if it's not something
         | I've done before.
        
           | agumonkey wrote:
           | Thanks a lot for your input :)
        
       | dmje wrote:
       | Everyone here is so incredibly focused on money as the primary
       | motivator, which I guess given the thread question makes some
       | sense. But I'd like to just put in a little word for money not
       | being everything, and client type / work type actually being a
       | really important part of the equation.
       | 
       | HN is a forum where increasingly I see posts every single day
       | about the high level of misery in tech / how can I get out of
       | this rat race / high levels of stress / undervalued / etc etc.
       | 
       | I charge PS500 a day. It's not much compared to some of the rates
       | on here, but I work with lovely, interesting clients in the non-
       | profit sector. My clients love what they do and I do good work
       | for them so they love what I do. I have long term, low stress,
       | friendship-like relationships with my clients, not shouty / nasty
       | / high stress ones. I've done this work for 12 years, and had to
       | work with maybe a handful of assholes during that time.
       | 
       | FWIW I think there is a "lower budget bar" under which demands
       | are insane for the money being offered, and we should all avoid
       | this work unless we actively want to take a race to the bottom.
       | But - I think there is undoubtedly a "higher budget bar" over
       | which the stress level and expectation is made exceedingly high.
       | This (I would imagine; I don't know, I've worked in non profits
       | my whole life) is probably also equated with sector - if you're
       | in a FinTech environment I would imagine you're looking at high
       | budgets but also an insane number of highly pressured assholes
       | shouting at you all the time.
       | 
       | What am I basically saying? I guess - yes, charge enough (and
       | this is probably more than you think it should be) - but also,
       | look at the bigger picture of your work / sector. Think about
       | happiness, work-life balance, client motivations, etc - and use
       | this to inform what you charge and how you charge for it. That'd
       | be my advice.
        
         | orangepurple wrote:
         | Money is everything to me because I'm not getting younger and I
         | don't want to toil forever. I stopped caring about almost
         | everything except my growing family.
        
           | dmje wrote:
           | I'm 50 and care about nothing apart from my family. That's
           | why I want to be around for them by having a good work / life
           | balance which for me means working as I've described. I can
           | worry about the money when they've left home :-)
        
         | trhoad wrote:
         | I mean this in the nicest way possible, but it's easy to say
         | money isn't everything when you're already earning PS120k/$140k
         | pa.
        
           | omginternets wrote:
           | I think you and the parent poster are in agreement, insofar
           | as much of HN is simultaneously displeased with their
           | professional life whilst trying to go fro PS140k to PS240k
           | _per annum_.
        
           | noodlesUK wrote:
           | I seriously doubt parent is earning that much. I expect they
           | probably bill avg 10-15 days per month at that rate. Most
           | contractors like them in the UK that I know operate this way
           | most of the time.
        
             | EddySchauHai wrote:
             | Seems perfectly reasonable to me, maybe 1 month off a year.
             | All my UK contractor friends make over PS550pd and have
             | work whenever they want
        
             | elliekelly wrote:
             | And there are lots of expenses.
        
               | trhoad wrote:
               | Contracted for a few years. Almost zero expenses (a new
               | laptop, an accountant, some PL insurance).
        
             | trhoad wrote:
             | Most (all) the contractors I know can bill PS500 per day
             | outside IR35 pretty much indefinitely.
        
             | phphphphp wrote:
             | PS500/day is the rate for software engineering contractors
             | in the UK that guarantees a continuous stream of work: it
             | would be trivial for someone to bill 100% of billable days
             | in a year at that rate. I don't know anybody who only bills
             | 10 - 15 days per month, I personally bill ~21 on average
             | per month and I am always fully booked (I turn down work).
             | All you need is a profile on LinkedIn and you'll get a
             | constant stream of offers at PS500/day -- no reputation or
             | relationships required. Anybody billing 10 - 15 days per
             | month is doing so out of choice.
        
               | noodlesUK wrote:
               | I'm not suggesting they are unable to bill 20 days per
               | month if they want to, I would say they probably choose
               | not to on average across the whole year. I certainly
               | don't like working absolutely every weekday, and I take
               | time off periodically. Working a bit less is one of the
               | huge perks of being a contractor.
        
               | Silhouette wrote:
               | _PS500 /day is the rate for software engineering
               | contractors in the UK that guarantees a continuous stream
               | of work_
               | 
               | That might have been true pre-COVID but is even that rate
               | a guarantee of much in a post-COVID world with the
               | economic uncertainty we have now and so much pressure to
               | do everything inside IR35? So many of the offers being
               | made in the UK contract market now fall through and so
               | many of the gigs are relatively short that even if you
               | take a rate where you can work "continuously" you could
               | actually be losing 1-2 months out of the year just from
               | things like delayed starts, having several rounds of
               | looking for the next gig in the same year, having "safe"
               | contracts fall through unexpectedly, aborting a "done
               | deal" that was advertised as outside IR35 but it turned
               | out the client or recruiter had no idea how IR35 actually
               | worked, etc.
               | 
               | We've been talking about this a lot in my network this
               | year as it seems to be a recurring source of irritation
               | for those who are still trying to work genuine freelance
               | and outside IR35 contract gigs. A reasonable estimate for
               | this year might be that 80% of gigs people have been
               | approached about on LinkedIn or seen posted by agency
               | recruiters never actually hired anyone and the time taken
               | for a freelancer or contractor to find their next real
               | gig is up maybe 50-100% compared to a couple of years
               | ago.
        
           | was_a_dev wrote:
           | Yeah I exhaled slightly when reading they're in the >97th
           | percentile for UK salaries.
           | 
           | Modest earnings
        
             | karamanolev wrote:
             | This is apples to oranges and therefore false. Contracting
             | has much much more deductions from the base rate than
             | salaries. At the very least, with 20 days (1 month) off,
             | you start off with a 11/12 coefficient. Then there's buying
             | your own benefits, dealing with your own accounting, i.e.
             | maybe paying an accountant or otherwise investing the time
             | to do it yourself, which in turn reduces the number of
             | hours you have to actually, you know, contract. They aren't
             | in the 97th percentile.
        
               | was_a_dev wrote:
               | Fair.
               | 
               | Let's be realistic, or even conservative.
               | 
               | 90th percentile? (PS58k)
        
               | EddySchauHai wrote:
               | I think any contract developer will be on the 95%+
               | percentile. When I started contracting in my mid-20s I
               | was in the UKs 1% for a 40 hour gig done from my bedroom
               | desk. It's pretty mental.
        
           | Retric wrote:
           | That's assuming they can work 240 days a year, contracting
           | normally has significant unpaid downtime and of course zero
           | benefits.
        
             | mattmanser wrote:
             | Not really, the rule of thumb most contractors talk about
             | is plan around 220 days per year (44 weeks).
        
               | [deleted]
        
               | Retric wrote:
               | Even the 10% pay cut you suggest vs the numbers mentioned
               | seems like a significant difference to me.
        
           | bawolff wrote:
           | All they said was money isn't everything. They didn't say
           | money is nothing.
        
         | dan-robertson wrote:
         | One way of thinking about this is that you're charging less for
         | doing less work. Maybe that's what you want (eg less stressful
         | days). Another way to see it is that if you could work for some
         | places you like less for PSX per day, you could live off PS500
         | per day and donate PS(X-500) to charity (this is basically the
         | argument that was popular 10 years or so ago that ambitious
         | young people wanting to 'do good' should go and work in
         | tech/finance to make a lot of money to give to charity instead
         | of working for charities directly). So in some sense you're
         | choosing to instead donate PS(X-500) per day to the nonprofits
         | you work for. I guess if you like what they do then maybe it's
         | a reasonable choice for you.
        
         | ChuckNorris89 wrote:
         | _> I charge PS500 a day. It's not much compared to some of the
         | rates on here_
         | 
         | 500GBP/day is still very good by European dev wage standards.
         | You can't compare to American wages/rates.
        
           | zer0tonin wrote:
           | It is pretty average for a contractor in Europe.
           | Contractors/Freelancers have always been paid above normal
           | wages, because the contracts offer more flexibility to the
           | employers.
        
             | ChuckNorris89 wrote:
             | Depends on which market in Europe. Rates can vary wildly.
        
         | joshmanders wrote:
         | I get what you're saying, but I work to live, not live to work.
         | My end game is to spend my time doing what I love with those I
         | love and unfortunately, writing code for someone elses business
         | is not what I love. It's traveling the world, hiking mountains,
         | swimming with whales and dolphins, sitting on a swing set with
         | my kid, taking my dog for walks.
         | 
         | Money is my only motivation because I want to quit everything
         | that makes money and only do stuff that doesn't make money but
         | makes me happy.
        
           | j45 wrote:
           | 5 years ago I'd say - Working to live is great. It makes one
           | more well rounded and you discover you have other interests
           | to pursue with time.
           | 
           | As time goes on the cost of freedom is higher and higher. You
           | might meet someone special and want to experience life
           | together. That might lead to realizing the world might be
           | better with little versions of her in it.
           | 
           | In The last 2 years - My kids will be the only people who
           | remember me when the day I no longer breathe, if I'm around
           | for them now. I don't want them to have to relearn the stuff
           | I had to unnecessarily on my own and be in a position to lean
           | into whatever their potential calls them to.
           | 
           | Wealth moves from not just money, but to time and creating
           | memories. If all my time is spent to get money it's not worth
           | it.
           | 
           | Wealth as time is all there is. Since I've embraced this
           | oddly the professional and product side of life has taken off
           | even more.
        
         | WastingMyTime89 wrote:
         | From my experience in management consulting, it's more industry
         | related than rate related.
         | 
         | Clients in finance tend to be assholes even when you are cheap.
         | The field just tolerates it.
         | 
         | Similarly, industrial customers are used to be put under a lot
         | of pressure regarding costs and delays and will treat you as
         | they are used to be treated.
         | 
         | Here is my trick: if you want to work in a nice environment,
         | choose a job in an environment known to be nice.
        
         | j45 wrote:
         | Pricing according to the ability to pay and the value it
         | generates is something that seems to make sense.
         | 
         | There is no perfect universal formula. Everyone has different
         | situations, backgrounds, variables to weight and scenarios to
         | ensure. It's good to advocate for balance because keeping score
         | with money quickly can get hollow when Al your time and best
         | energy is tanked.
         | 
         | Ones pursuit of profit and purpose doesn't have to be with min
         | the same hour of activity at work. One can be optimized to feed
         | the other.
         | 
         | Surprisingly the world will pay atomically will for solving
         | what appears to be a boring but very real problem.
         | 
         | Solving these tries of problems can lead to interesting ones.
         | 
         | If one some it might be more possible to work for larger rates
         | based on their experience and give back to non profits at
         | little to nothing, or over deliver value.
         | 
         | It doesn't seem important but within 5-10 years it becomes
         | apparent that ppl on the self or startup path have to create
         | their own retirement fund and healthcare plan not just for
         | them.
         | 
         | The more you can save the more you can have a say in what you
         | do and don't take on, and for how long.
        
       | cogwheel wrote:
       | Have an annual salary in mind for a similar role, chop off the
       | last three zeros, and that's my hourly rate.
       | 
       | It works out to approximately double which is just enough to
       | account for things you would normally get from an employer:
       | 
       | - payroll taxes (SS/Medicare) - PTO/sick days - equipment &
       | supplies - training/conferences - health insurance - retirement
       | savings
       | 
       | Etc
        
         | wpietri wrote:
         | Yes! Long ago I read a book that mentioned that freelance
         | professionals (accountants, lawyers, etc) tended to bill around
         | 1000 hours per year. That the unbillable time went toward
         | sales, client relations, marketing, learning, etc. I could
         | usually do a little better than a 50% utilization rate for
         | myself, but as you say that money goes to things most people
         | don't have to pay. So the knock-three-zeros-off-salary rule
         | served me well.
        
           | JoshTriplett wrote:
           | Common advice is to double your effective hourly rate when
           | going from salary to contracting (which "divide annual salary
           | by 1000" is equivalent to). That's not just because you'll
           | have fewer hours or have to search for clients; some clients
           | will pay you for all the hours you can give them. But also,
           | you'll have to bring your own health insurance, pay the
           | additional self-employment tax, maintain a business, do
           | business taxes, and quite a bit of other overhead. The
           | additional cost helps offset all of that.
        
           | okaram wrote:
           | Keep in mind it's not really 50%, more like 65? 2,000 hours
           | means you work 40 hours/week, 50 weeks ... Basically no
           | vacation, just a few holidays or sick days. We budget full
           | time as 1,600 hours
        
             | wpietri wrote:
             | Depends on the people, I'm sure. For a long time 40-hour
             | weeks with two weeks off was pretty standard in the US,
             | which works out to a nice round 2000 hours. A lot of the
             | people prone to going independent are the types to put in
             | more time than that. I sure am. But yes, if you want fewer
             | working hours, that changes the calculations.
        
       | fxtentacle wrote:
       | $2k per day.
       | 
       | hourly always invites discussions, for example how are phone
       | calls with mixed topics billed?
        
         | typeofhuman wrote:
         | I'm considering switching from hourly to a daily model.
         | 
         | Tracking hours is becoming too granular for the work I'm doing.
         | This includes research and development; each of which I find
         | myself "guessing" the hours a lot of the time.
        
           | fxtentacle wrote:
           | In my case, it was the research.
           | 
           | If you bill 2h of DuckDuck-ing for suitable libraries to use
           | as dependencies, that sounds like you're slacking off. But
           | it'll probably save money for the project as a whole.
        
         | furyofantares wrote:
         | i assume that invites a discussion about what a day is. is that
         | an easier discussion? how does it go? or does it not invite
         | discussion?
        
           | Silhouette wrote:
           | This is a bit like the clients with low rates or clients with
           | high rates discussion. Clients who will pay high rates
           | actually tend to be more respectful of your time and
           | expertise.
           | 
           | Similarly a chargeable day is a day when you provided the
           | contracted services period. It doesn't come with fixed hours
           | or even a fixed amount of hours. It doesn't come with a
           | guarantee that you won't take a quick call with someone else
           | in the middle of the day or a two-hour lunch date. It does
           | include travel, phone calls, answering "quick questions" on
           | Teams or Slack or whatever they use, and anything else you do
           | to provide the contracted services.
           | 
           | Anyone who doesn't like that can find someone else to work
           | with who is willing to put up with all the other nickel and
           | dime stuff that client will surely try. No-one I worked with
           | on a day rate ever even questioned it. What you get done on
           | the days you charge for will tell a client soon enough if
           | you're providing the value they're paying for and if you are
           | then they won't have any reason to worry about nit-picking
           | the wording in your contract.
        
           | fxtentacle wrote:
           | Never had that discussion.
           | 
           | When I assign a day to a project, it basically means that I
           | promise to not work on something else on that calendar day.
           | But the actual hours don't matter that much if I get some
           | stuff done.
           | 
           | I mean regular employees also can have a bad day where they
           | can't concentrate well and then you only get 4 hours of
           | productive work out of the 8 hours they are physically
           | present.
        
       | plantain wrote:
       | $120US for work I think will be interesting or rewarding, scaling
       | to $300US for work that sounds like it's going to suck.
        
       | typeofhuman wrote:
       | Southeast USA. $100/hr for everything (meetings, development
       | work, bug fixes, ...).
       | 
       | Took me a while to be honest with myself and finally charge for
       | all of my time. Maybe it's confidence?
       | 
       | Never had an issue from a client with this arrangement.
        
         | hollywood_court wrote:
         | You should probably charge more. Automobile repairs techs in
         | Alabama charge more than that.
         | 
         | But I'd like to know where you find work because I haven't
         | found many clients in the SE that wish to spend money.
        
           | jononomo wrote:
           | Repairing an automobile is a more difficult and valuable
           | skill set, however.
        
             | hollywood_court wrote:
             | Absolutely and the tools required often cost far more than
             | a developer will ever spend during the course of their
             | career.
             | 
             | But $100 per hour is too cheap. I charged more than that
             | for carpentry repairs to homes and commercial buildings.
             | 
             | The local PepBoys charges $122 per hour and they're aren't
             | capable of much more than oil changes and tire repairs.
        
             | sarchertech wrote:
             | I'm not going to debate the difficulty but looking at the
             | median and mean salary for both, it's certainly not more
             | valuable in a monetary sense.
        
           | lostboomerang wrote:
           | > Automobile repairs techs
           | 
           | Is that a different term for "mechanics"?
        
             | motoboi wrote:
             | Yeah. Mechanics charge 50, automobile repairs tech charge
             | 100.
        
             | hollywood_court wrote:
             | In the repair industry, technician is reserved for folks
             | that can properly diagnose and make any and all repairs.
             | 
             | A mechanic is someone who can throw parts at a car but
             | isn't likely to be able to perform in-depth diagnostics or
             | advanced repairs especially on newer cars with complex
             | electrical systems.
             | 
             | A mechanic in Alabama should expect to earn $50k-$60k while
             | a tech is closer to $110k or so.
             | 
             | I know at least 9 guys in my county who never finished high
             | school and couldn't compose a proper sentence if their
             | lives depended on it yet they earn $150k+ per year
             | repairing automobiles.
        
               | lostboomerang wrote:
               | Thank you for the explanation.
        
         | mgbmtl wrote:
         | I tell clients that identifying the problem is at least 50% of
         | the work, and that includes meetings. Well, I call them "work
         | sessions", and I don't think it's an euphemism.
         | 
         | And then they can pay 100 hours for a narrow scope of perfect,
         | or they can pay 20 hours and iterate until it's good enough
         | (bugfixes).
        
           | rebuilder wrote:
           | Is it controversial that meetings should count as billable
           | time? I mean, it's not like you're there because you just
           | really like meetings!
        
             | nathancahill wrote:
             | I bill double for meetings. Suddenly was invited to a lot
             | less meetings that I never needed to be in as a contractor.
             | Perfection.
        
               | wpietri wrote:
               | This is genius and I wish I had read this comment a long
               | time ago.
        
               | swader999 wrote:
               | There's no way my wife will go for that.
        
             | ncallaway wrote:
             | We bill for project management and work related meetings,
             | but not contract and business development related meetings.
             | So if we're getting feedback for our performance, ways we
             | can improve, or discussing a contract extension we don't
             | bill for those. But if we're discussing the thing we're
             | building, or doing project status updates we bill for that.
             | 
             | We've never had a client push back on that.
        
             | nivertech wrote:
             | Meetings before signing a contract are usually free. Mean
             | people call them "exploiting freelancers". They would
             | invite consultants to their office and try to pickup their
             | brains. They usually asking for free estimation, or some
             | other free work, in the best (and very rare) case they will
             | ask your rate and shake the hands right at the first
             | meeting.
             | 
             | There are very few people who would agree to pay even for
             | the initial meeting.
             | 
             | After signing the contract, you can bill for all the time
             | you spent working, meeting, thinking, answering emails or
             | phone calls, or even being on standby or warming up a seat
             | at a client site.
             | 
             | In case the client set up a meeting and then canceled it on
             | the short notice, or worse, didn't show up at all - you can
             | also charge for this if you've lost the opportunity to work
             | on other things.
             | 
             | Of course it's best to discuss this with the customer
             | before signing the contract, and if possible made it clear
             | in the contract itself.
        
       | conderr99 wrote:
       | I have 12 years of experience working as a backend engineer full
       | time for medium-to-large sized software companies, and breaking
       | into consulting has always seemed really difficult to me.
       | 
       | I mostly excel at system architecture and writing technical
       | documents to describe the trade offs of those systems. I really
       | don't enjoy full stack/web programming or marketing - is it
       | possible to consult in strictly this capacity? e.g. as a
       | principal or higher level engineer?
        
         | rtlfe wrote:
         | I don't know about doing it on your own, but you could
         | certainly join a consulting firm and do that role alongside a
         | team of more junior people.
        
       | fifafu wrote:
       | Germany, mostly doing iOS, macOS native (Objc & Swift), Android
       | (Kotlin), Hybrid (Ionic/Capacitor) & Web (Angular + React). ~ 10
       | years of experience. Working with lots of low level communication
       | protocols for controlling industrial field devices from native
       | apps or web apps. However I never decline a project based on
       | technology and have done all sort of other things as well.
       | 
       | I usually charge 120EUR per hour (working mostly for big german
       | companies). Currently mostly helping various international teams
       | of my clients and not doing much dev work myself anymore. Usually
       | my contracts are at least 500 hours.
       | 
       | However I do this in addition to my own software projects that
       | sell pretty well. This gives me the flexibility to decline any
       | customer project I don't like. (Or if they want me to do scrum)
        
       | [deleted]
        
       | koevet wrote:
       | My rate is 1000 Euro/day. There is flexibility on the rate, if
       | the project is particularly interesting.
        
         | swader999 wrote:
         | Any thoughts or concerns on how to deal with inflationary
         | environment and the falling Euro?
        
           | koevet wrote:
           | I'm based in Germany, so the tax pressure is quite high,
           | thinking of moving back to Italy (where I'm originally from)
           | to benefit of the massive tax break for "returning Italians"
           | (or anti brain drain tax advantages).
        
             | jokethrowaway wrote:
             | It's not that great, you still have to pay social
             | insurance. It's been a long time since I checked but you
             | end up paying 30-35%.
             | 
             | In Europe your best options are Malta (5% corp tax +
             | progressive rates on what you spend and keep everything in
             | the company until you leave and withdraw at 0% from eg.
             | Dubai) or Cyprus (12 corp tax +2.5% dividends tax).
             | 
             | I'd consider Montenegro as well if it makes sense for you
             | or other eastern European countries.
        
         | factorialboy wrote:
         | What do you offer for that rate?
        
           | koevet wrote:
           | I'm quite a generalist, my strongest expertise is the JVM
           | ecosystem, but these days I'm helping clients to migrate to
           | cloud infra.
        
       | de_freelance_1 wrote:
       | In Germany - 100EUR/hour. Billing on average 150 hours each
       | month.
        
       | jokethrowaway wrote:
       | 100EUR per hour.
       | 
       | I'm a contractor on paper and work with my own company (so I can
       | pay 15% in taxes) but it's a long term job, full-time and I don't
       | take holidays. I live in a nice low cost of living European
       | country, even if everything is slowly degrading and I give it
       | 10-15 years before I'll need to move. Found the job (like all my
       | jobs) via word of mouth / personal network. Recruiters offer you
       | significantly less per hour in my experience.
       | 
       | I tried working with the States but I couldn't charge more (they
       | try to pay european prices) and the work was way more stressful.
       | Living in the States is definitely not for me though, way too
       | many homeless and mentally ill people, not to mention the culture
       | gets "progress"ively worse and worse.
       | 
       | If I were employed by a FANG (even ignoring the waste of time of
       | preparing for the interview) I would have to pay way more taxes
       | because I would be an employee. Also they pay way less in Europe.
       | 
       | I guess over time I could make more money, once I progress inside
       | a FANG but that sounds hard, shaky and absolutely not fun.
       | 
       | I need money to build a house so my current plan is to keep
       | contracting and run side businesses to make passive income
       | (currently at around 1/2k per month passive) until I don't need
       | money anymore.
        
       | zackify wrote:
       | 125/hr
        
       | gwbrooks wrote:
       | I do fixed project fees against tight scopes rather than hourly
       | rates. When things go out of scope, it's expensive enough
       | ($250-300/hr) to create a pain point.
       | 
       | One thing I don't more of and it surprises me: There's no reason
       | to charge all clients the same rate. If you're solving a five-
       | figure problem for one client and a seven-figure problem for
       | another using basically the same solution, why charge them the
       | same?
        
         | philsnow wrote:
         | > If you're solving a five-figure problem for one client and a
         | seven-figure problem for another using basically the same
         | solution, why charge them the same?
         | 
         | Do you have a script for sussing out the value of solving a
         | problem for any given client?
         | 
         | I guess savvy clients might pretend that it's not all that
         | important/valuable to them, to prevent contractors from bidding
         | it up.
        
       | brankoB wrote:
       | In Canada, $80/hr. Aiming for $90 for my next contract starting
       | next month. Or to move to the US and make way more, apparently.
        
         | swader999 wrote:
         | In Canada too but long term multi year international contract
         | leading small dev team. $150/hr 40 hours week.
        
       | ykevinator2 wrote:
       | There are 100 clients who expect to pay $15 / hour for every one
       | who will pay $125. It's really really hard to find them but you
       | will find them if you ask 101 potential clients.
        
       | cgfloat wrote:
       | OOC, do you have a link to the question from a couple of days
       | ago?
        
         | redbell wrote:
         | Here it is.. https://news.ycombinator.com/item?id=32606348
        
       | bubblehack3r wrote:
       | I'm a cyber security specialist (in web application security)
       | with a few certifications and 10+ years of experience.
       | 
       | I charge usually $350 an hour unless it's something I estimate
       | will require the help of an outsider to which I may go as high at
       | $1k an hour.
       | 
       | Answering everyone asking how we find clients - I love public
       | speaking and so I try to do as much as I can. 80% of my clients
       | saw me speak, the other 20% come from word to mouth. Highly
       | recommend if you have the ability.
        
         | PaulWaldman wrote:
         | How long are your engagements?
        
           | bubblehack3r wrote:
           | They can go anywhere from one hour (e.g awareness training)
           | to a full month (e.g complex web application pentest)
        
             | PaulWaldman wrote:
             | Ironically, I've found it's easier to charge higher rates
             | for longer engagements.
        
               | bubblehack3r wrote:
               | Although I charge a flat fee, I've found that companies
               | tend to be more accepting to my pricing when it's a
               | longer engagement than a shorter one
        
               | orzig wrote:
               | Yeah, the fixed "cost" (in effort) of bringing someone in
               | can totally dominate the financial cost for smaller
               | engagements. Especially when a manager is spending their
               | large company's dollars.
        
             | ryanSrich wrote:
             | I've seen some companies charge very little ($2-$5k) for a
             | pen test. How are you able to charge $350/hour for
             | essentially the same work? Is there some pitch or playbook
             | you're using to justify the price for doing the same work?
        
               | cratermoon wrote:
               | A $5K is pentest is just some guy running a couple of
               | off-the-shelf, open source, or scriptkiddie tools and
               | handing you the reports.
               | 
               | For $350/hr you get
               | 
               | - someone knowing which pentest tools to start with
               | 
               | - someone knowing how to follow up with more focused
               | attention on problem areas and run additional tests
               | 
               | - someone analyzing the raw reports to understand the
               | causes of the vulnerabilities
               | 
               | - a multi-page written formal report with interpretations
               | and recommendations for mitigation, including a
               | cost/risk/benefit summaries.
               | 
               | Edit to add: in my experience the companies offering
               | cheap pentests and handing you the logs are the ones that
               | then say, "If you want to understand these logs and know
               | what to do about them, you can contract with us at
               | $VERY_HIGH_RATE"
        
               | folmar wrote:
               | I've seen a couple of the cheap pen tests by a few German
               | companies. The whole thing looked like a 1-2 days of work
               | and the person doing it was doing the basic stuff _, but
               | definitely conducted by a knowledgeable person and when
               | problems were found reasonable suggestions were offered
               | in the report. The apps were standard - frontend in
               | Angular, backend in Spring Boot on Tomcat.
               | 
               | _ basic DoS, XSS, SQLi, token abuse, open ports with not
               | up to date services, generic vulnerability scanner, basic
               | password brute forcing
        
         | madaxe_again wrote:
         | Man. I (CISSP, CISA), 20 years of experience, everything from
         | development to dev management to sales and marketing to finance
         | to fundraising, the whole shebang, do ISO27001 ISMS's and coach
         | through certifications... for $70/hr. But then, my clients are
         | based in the U.K., where technology is still generally seen as
         | worthless.
        
           | jll29 wrote:
           | That's what a (Master-level) plumber charges per hour in
           | Germany. By offering such discounted rates, people consider
           | you 'less valuable' a priori.
           | 
           | I have indeed heard anti-"IT" sentiments in the UK, where
           | managers often come from outside disciplines (e.g. "politics,
           | philosophy and economics" type of oxbridge degrees). Some of
           | these people adjust quickly and pick up technical skills
           | naturally, whereas others couldn't insert a 9 V block battery
           | into a toy without a YouTube video after a decade of "IT"
           | exposure. But they also do not know what something is worth
           | without a clear explanation, so your value is bound by your
           | ability to articulate it.
        
             | madaxe_again wrote:
             | Fair. Thank you. You've just inspired me to fire off a
             | round of emails announcing a 500% rate increase, listing
             | the pretty significant accomplishments I have achieved for
             | each client, and underlining the point that their
             | businesses would likely not exist were it not for my
             | support over the many years I have worked with them. I
             | don't exaggerate - many of them would never have got off
             | the ground without me dragging them through the startup
             | thorns and driving their first few years of technical
             | sales.
             | 
             | Either they'll like it, or I'll just quit technology, as
             | the resentment just keeps growing.
        
               | dsr_ wrote:
               | If you scare off 80% of your recurring clients, you've
               | drastically lowered your workload without penalty.
               | 
               | If you scare off just 50% of your recurring clients,
               | you've halved your workload and are making more money.
               | 
               | The downside is if you scare off more than 80% of your
               | recurring clients.
        
               | orzig wrote:
               | Unless there is a massive recession, I would consider
               | scaring off more than 80% an opportunity to spend time
               | prospecting for better clients. I can't speak for the UK,
               | but I really suspect you can find them.
               | 
               | Also don't forget that some fraction of the clients who
               | balk at the increase from their anchor-bias price will
               | come back to you after they see the low quality they get
               | from other vendors at that price. Just be gracious when
               | they leave.
        
             | cosmodisk wrote:
             | I work in the UK and it's a fair estimate that a good
             | percentage of senior managers haven't got a clue when it
             | comes to IT and technology in general. Having said that,
             | people aren't necessarily stupid: if the pitch is right,
             | they would adopt the solution and pay decent consulting
             | rates. The biggest problem is that both groups do struggle
             | to meet each other.
        
           | bubblehack3r wrote:
           | Sounds like it is less technical correct? I find that there
           | are a lot of auditing firms out there willing to do
           | compliance work for cheap therefor bringing down the prices
           | (still not super low).
           | 
           | Technical auditing and training in cyber security was always
           | a kind of niche that allows you to charge more.
        
             | madaxe_again wrote:
             | No, I typically end up filling the roles of CTO, CISO - I
             | can advise, implement, whatever, on virtually any stack.
             | 
             | It's just that in the U.K., technology skills have little
             | to no value.
        
               | eertami wrote:
               | There are definitely companies in the UK that will pay
               | competitive rates for tech. $70/hr is lower than the
               | median contracting rates for the UK, and I'd be
               | suspicious if someone with 20 years experience was that
               | cheap. I'd expect at minimum to be paying 1000 GBP/day.
        
               | madaxe_again wrote:
               | I had 15 years of experience when I last updated my rates
               | - and I chronically undervalue myself. I'm responsible
               | for the better part of a billion pounds of revenue,
               | without exaggeration, across my clients, over the
               | decades.
               | 
               | Part of the issue I've faced is that I usually start
               | working with folks when they're 2-3 people, and I grow
               | them - but my rates end up stuck at the 2-3 people
               | company level, not at the 1000+ person company level that
               | they've mostly become.
               | 
               | I also consistently manage to get gipped out of equity,
               | as I'm always "just madaxe", who humbly grinds away and
               | doesn't feel right taking a slice of someone else's pie.
        
               | orzig wrote:
               | Have you considered finding somebody to act as your
               | "talent agent"? I don't know exactly how this would work,
               | but with so much money being left on the table I think it
               | makes a ton of sense to be creative. I totally understand
               | how awkward it can be to ask for more, but if part of the
               | block is your own personality, there must be someone out
               | there who would have less of a problem asking for what
               | you deserve. The ROI would almost certainly be huge
               | regardless of their cut.
        
               | justinlloyd wrote:
               | "and doesn't feel right taking a slice of someone else's
               | pie"
               | 
               | I hate to say it, but you need to get over that. This
               | very mindset has screwed me over more times than I care
               | to think about. I'm in the $2B+ generated revenue part of
               | my career. I've got a lot of scars, bruises and broken
               | dreams that brought me here. Built an entire start-up,
               | that sold for $256M, got screwed out of $2M. That was on
               | the low-end of what I've lost in various endeavours. And
               | I have stupidly made that mistake several times. Over the
               | years I've learned some hard lessons.
               | 
               | I now take the approach that "I charge this much per
               | day/week for my time, if you cannot afford that and wish
               | to give me equity in lieu of (some of) my pay, these are
               | my terms." And I don't do 4 year vesting with 1 year
               | cliff. If I am taking a significant pay cut, e.g. 60% to
               | 70% from my usual day rate, the cliff is 90 days on an
               | accelerated vesting schedule. And it is a grant, not
               | options, I'm not giving back money to get what I earned.
               | 
               | You also need to start negotiating your contracts to have
               | a quaterly or bi-annual rate increase from "I'm doing you
               | a solid here with a big discount" so that three years
               | later, after built all the tech for the start-up, you
               | aren't earning less than the Junior who struggles to
               | remember the difference between margins and offsets. On
               | client discounts (I've stopped giving them except where
               | large chunks of equity are concerned), you can backload
               | them too, so that should the client cut you loose because
               | you bumped your rate by 10% last year, as stated in your
               | contract, they pay a termination fee. Some clients will
               | balk and nope out, those clients you don't want. It took
               | me decades to figure out I was allowed to say "no" to
               | potential work.
               | 
               | Right now I am charging less than what I have in the
               | past, $1,000/day as opposed to $1,600 to $2,000/day,
               | because I need some stress free time, and at 6pm, I turn
               | off my computer and forget about my work.
        
               | raesene9 wrote:
               | If you're doing $70/hr in the UK at CISO level you're way
               | under some of your competitors.
               | 
               | Heck Pentesters charge more than that and they're 50%+
               | cheaper in the UK than the US.
               | 
               | My hourly rate in the UK as an Big-4 Infosec consultant
               | 15+ years ago was way more than that and I wasn't doing
               | CISO work. Partners (who were the kind of people doing
               | that kind of work) were 10x your rate back then.
        
               | rjzzleep wrote:
               | It's actually a similar price in Germany. There are
               | higher paying jobs in Berlin, but in general it's not
               | unusual to have this price in Europe. France and Spain is
               | even lower.
        
           | swader999 wrote:
           | I've looked at UK rates and salaries over the years and could
           | never understand why they are so low.
        
           | aantix wrote:
           | You have to get out of Europe.
           | 
           | For whatever reason, Europeans just don't seem to value
           | software engineering and it shows.
           | 
           | Great engineers. Zero money to show for it.
        
             | ehnto wrote:
             | Venture Capital and FANG pay obscene money because their
             | business models can afford to, they just happen to be
             | powered by software. The actual work of software
             | development isn't somehow worth more to society than your
             | average white collar job, at least in my opinion. It's just
             | another job, and it would be better for the world if the
             | pay came down rather than everywhere get inflated, so that
             | software could thrive in other markets, not just the tech
             | bubbles. Perhaps not the right forum to be preaching for
             | that, and it's certainly not in my best interest either,
             | but that's how I see it.
        
               | birdyrooster wrote:
               | In order for pay to come down it must be inflated first
               | so that people are motivated to saturate the open
               | positions.
        
               | lotsofpulp wrote:
               | >It's just another job
               | 
               | If this was true, then then purchasers would not be
               | having to pay so much for the labor. No one is forcing
               | them to.
               | 
               | Pricing is just a function of supply and demand. The high
               | prices indicate more supply is needed to market
               | participants. Maybe the participants can respond and
               | provide sufficient supply to bring prices down. Maybe the
               | participants are not able to respond with enough supply
               | and prices stay elevated.
        
               | acjacobson wrote:
               | Their business models can afford to pay a lot because
               | these companies generate that much cash. They drive that
               | much cash because software can be highly leveraged
               | (whereas plumbing cannot). Having salaries come down to
               | means shifting where the profits are distributed and
               | allowing the company owners and investors to capture more
               | in comparison to the employees. I don't see how this is
               | better?
        
         | doctorhandshake wrote:
         | Forgive me if this is obvious but how do you get speaking
         | opportunities? Are you applying to calls for presentations at
         | conferences?
        
           | bubblehack3r wrote:
           | I take part in local meetups who are always looking for
           | speakers and apply to CFP.
        
           | orzig wrote:
           | Every technical meetup group I have been involved with his
           | perennially desperate for speakers. If you make the effort to
           | be present both physically and virtually for about three meet
           | up groups over the course of about three months, I think it's
           | very likely you could get slotted in to speak by month 6.
           | It's possible they would add you on as a moderator for the
           | group, guaranteeing persistent visibility if you are willing
           | to put in the work (assuming you are a honest and decent
           | person, this is a win-win because these communities have a
           | huge positive externalities)
        
       | Exuma wrote:
       | 300/hr
        
       | Arubis wrote:
       | I'm not sure if I qualify as generalist, but this should still be
       | relevant:
       | 
       | It depends. Did I go through an agency, or find the client
       | myself? Do they need _me_ or a butt in a seat? Will the work be
       | fun, or awful, or is there any on-call expectation (which is
       | worse than awful and probably a hard no)? Discounts for bulk and
       | prepayment.
       | 
       | Also, hourly rates are the worst. Value pricing is a hard leap; a
       | much easier thing you can do today is at least bump to a flat day
       | rate, or a weekly one of the shape of your clients makes it
       | seamless. Just do it; it'll make you a happier, saner person and
       | immediately mitigate a terrible incentive misalignment.
        
         | wpietri wrote:
         | I think incentives are misaligned either way. You have to match
         | the structure to the situation.
         | 
         | I have a friend, a great sydadmin/devops/infrastructure person.
         | He never takes full-time jobs; his deal is always for 32
         | hours/week. His reasoning? 32 hours is 32 hours, but full time
         | is all the time. He leads a much happier life than most ops-ish
         | people I know.
         | 
         | Maybe you have the sort of clients where day/weekly rates work.
         | But for the sort of client that has crunch mode or deadline
         | rushes, there is no way in the world I'd give them a weekly
         | rate. If I'm going to do an 80-hour week to get something out
         | in time, I'm going to get paid for every bit of it, and I want
         | them to feel the pain when they see the bills.
        
           | ehnto wrote:
           | > If I'm going to do an 80-hour week to get something out in
           | time, I'm going to get paid for every bit of it, and I want
           | them to feel the pain when they see the bills.
           | 
           | That's a great point, maybe a way to mitigate that is a
           | combination in your contract of a weekly rate + hours cap,
           | and then just really good communication on time you're
           | spending. But I must admit, that ruins one of the incentives
           | for weekly billing for me, and that is not having to
           | atomically track time and nickle and dime every little task.
        
       | bhu1st wrote:
       | I'm from South Asia. I offer end to end web development, SEO and
       | digital marketing. I charge $50/hr.
        
       | corobo wrote:
       | PS75/hr was my last freelance rate for some PHP dev work I did.
       | 
       | Got a few too many plates spinning at the moment though so only
       | doing oldschool Linux sysadmin stuff (pets vs cattle) outside the
       | day job. I'd probably bill cheaper for that as it's less of a
       | time sink and the tasks are either easy fixes or interesting.
        
       | davedx wrote:
       | About 100 dollars/hour, depending on the client
       | 
       | I'm "full stack", also experienced with C++ and various other
       | stuff
        
       | revskill wrote:
       | Mine is 40$/hourly as a Fullstack JS developer (React + Node)
        
       | tyurok wrote:
       | Generalist can be a specialization in itself. Imagine someone
       | that can do a bit of front-end, backend, infra, design, would be
       | a specialist in bootstrapping a startup.
       | 
       | Don't get too attached to market/industry defined roles.
       | 
       | Another way to raise rates is to take risks (like deadlines,
       | promises) but every person had their own risk profile.
        
         | Cthulhu_ wrote:
         | Or change the language. Instead of 'generalist', sell yourself
         | as a senior developer, architect, lead developer, etc. Nobody
         | asks "what programming language are you an architect in",
         | because the job is supposed to be much broader than that.
        
           | tyurok wrote:
           | Yeah, poliglots are difficult to find as well, maybe not as
           | in actual difficulty to be but more of a preference for a
           | subset of techs.
        
         | leetrout wrote:
         | Excluding design this is me and what I enjoy doing.
         | 
         | I named my operation "engine ignite" because I like helping
         | startups start.
         | 
         | I LOVE getting folks leveled up on team process and procedure
         | to support SOC2 and such.
        
           | tyurok wrote:
           | It's a fairly rare set of skills. People in these positive
           | usually are bad in most of them and it becomes harder to ramp
           | up the team later (mentoring, quality).
        
         | throwaway74829 wrote:
         | Have you gone down this route?
         | 
         | I think the biggest issue deep generalists fall into is that
         | they can be above average in the entire stack, but not
         | exceptional enough to make the cut for a specialized role in
         | any single thing (i.e the vast majority of publicly advertised
         | roles).
         | 
         | Going down "specialized in boot-strapping startups" route is an
         | interesting remedy. I would imagine the only way to find these
         | opportunities is word of mouth.
        
           | tyurok wrote:
           | I didn't go through, but have seen quite a few. It's indeed a
           | less advertised position since it might be more common in
           | smaller companies (less money/reach) and it might be a
           | founding opportunity (less pay, higher risk), so it goes
           | under the radar compared to very specialized positions.
        
         | JoshTriplett wrote:
         | > Generalist can be a specialization in itself.
         | 
         | This is absolutely true. Someone who is comfortable chasing
         | down a problem no matter where it leads, and learning what's
         | necessary to handle it if they don't already know, can provide
         | a great deal of value.
         | 
         | Many clients don't need a specialist in X, they need someone
         | who can do X, Y, Z, A, B, C, and oh we didn't realize we needed
         | D and E but we're glad you're up for that too.
        
       | nathias wrote:
       | 25-35$ per hour, im in EU so this is the maximum I can get away
       | with
        
       | kache_ wrote:
       | time to quit my fang job l m a o
        
         | prismatix wrote:
         | Keep in mind that contractors don't receive benefits (health
         | care, dental, etc) and have to pay about 30% in taxes. So in
         | reality, the pay is about equal once you factor in that.
        
           | kache_ wrote:
           | I live in Canada & I've done the spreadsheet math. I can
           | probably ~triple my salary if I go balls to the walls.
           | Insurance is a drop in the bucket (I can just outright buy my
           | drugs). I'm just kinda comfy where I'm at, and I'm having fun
           | at my job.
        
             | swader999 wrote:
             | Agree, I've never seen a benefit package that gets me
             | excited. With our health care system here, the FTE jobs are
             | a lot less compelling vs the contractor route. About 1/20
             | that go the FTE equity route seem to hit the jackpot.
        
               | xcambar wrote:
               | Freelancing is as stressful as it can get. No matter
               | where you are an FTE, freelance will get you much further
               | in terms of stress.
        
         | fxtentacle wrote:
         | Fang is for comfortable and reliable cash, not for the highest
         | possible salary at the highest possible stress level.
        
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