Summary: I'm proposing a model in which freelancers can thrive professionally by diversifying the ways through which they offer their unique expe

The hyper freelance model

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2021-06-16 16:00:12

Summary: I'm proposing a model in which freelancers can thrive professionally by diversifying the ways through which they offer their unique expertise. This model is made of three activities: freelancing, teaching and product building (consulting, education, product).

How it works: 1. As you work with clients as a freelance consultant, you'll naturally spot recurring pains. 2. You share that knowledge in courses. 3. Having grown a community and validated further insights, you build a product.

The freelancing phase is crucial to refine your positioning, grow a small professional network, build credentials, and spot wider trends. Pros of this activity: you get to choose when to work and with whom. You just trade your time and your unique expertise to your clients. Cons: as Naval wisely tweeted, "you’re not going to get rich renting out your time. You must own equity." The inconsistent flow of new clients is also a source of anxiety for freelancers.

With enough experience and abstraction, you then share everything you know in the teaching phase. This phase creates multiple virtuous circles, notably letting you charge higher rates for your consulting activity and creating a potential audience for your first product.

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