Week two I'm still moving quick - Getting out of the Gig-Economy

in #online-business10 months ago

Another big week.

Marketing Progress

I am still developing the content for the course. I think its the best way to go about it. I have added a newsletter marketing sequence for the course and will start tracking the subscriptions in How I'm Doing section at the bottom. My newsletter isn't huge, but its starting to grow. Like I mentioned last week I have decided on using newsletter marketing as the first channel to drive sales.

Content Progress

I have another 10030 words written, but its a long slog. I'm not getting the hours into the work that I am hoping for. The main reason for this is I'm back on site and working hard to get this project finished

Saying no

Something that I am still bad at is saying no. This is relevant because the project I'm working at this week is something I should have said no to in February. This is before the current me/client issues (maybe I will get into this in the future), but I still felt (gut thing) that this wasn't going to be easy, and the client didn't have the background to actually get it all done. However I said yes anyway, and because I had so much work on the go with them I gave them a discount.

Never Give discounts

This is another rule I have broken too many times this year. In the past I NEVER gave discounts. I would set my rates for the year in the preceding November with three rate classes, A, B, and C; highest to lowest.

The A rate was for any risky projects, or new clients. Basically if you asked me on the street what my rate was, this is what I would tell you.

The B rate was what I used if it is an established client that has paid on time in the past, consistently, or the rate that I used to develop fixed fee projects.

The C rate is for partners, people or companies that I may be sub contracting with. Its typically ~30% less than the A rate and I expect them to charge me at the A rate to their client. I write this right in the contract. The reason for this is I want to give people that I'm working with the incentive to work with me in the future, especially if I like them, and my rate isn't a race to the bottom because a client may decide its cheaper to hire me through someone than direct; although I'd be fine with that too. Client management is a pain in the ass sometimes.

Now back to the reason these updates exist.

Technical Details

I have spent my first dollars. I have decided on using Wordpress WooCommerce, Sensei LMS and the paid courses extension to manage the backend of the course. I didn't spend too much time figuring this out, its only $129 a year and its from Wordpress and that's what I use for the website anyway.

The goal

The goal is to build a product or series of products that allows me to scale. The financial goal is to build a business that has a monthly revenue stream of $5k with less than 20hrs worked on average by the end of March 2020.

The Why

If this is your first time here, thanks for stopping by. I wrote my first post on this topic in November 2019. They all have a "special" tag, so you can find them all here: #noloafing. If you want to see where this all started, its with this post, Money and the Gig-Economy.

How I'm Doing

Hours worked: 4.4hrs
Revenue: $0
Expenses: $129
Newletter Subs: 205

Be sure to follow along and leave a comment below!

Cheers,
NL

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Nice to see that you are building a newsletter list @noloafing, and thanks for sharing these specifications and your updates, I wish you all the best in this endeavour, keep up your awesome work.


This is Awesome Content, and it has been manually curated with an upvote of 60% from @thisisawesome and it will be included in our Awesome Daily report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Steem ecosystem by rewarding it".

Thanks @thisisawesome

I must have a strange filter on my notifications because I'm not seeing any comments coming in.

I'm still learning @steempeak 😀

Thanks @noloafing, I have no idea why that would be, but if I may I would recommend Steemreply for answering comments, you answer them in checklist style with the oldest unanswered ones up top, and you will never miss a single one, stay awesome.