consulting pays $6.2k a month, the product makes $210 - how do people actually taper without falling off a cliff
Two clients on retainer, roughly 25 hours a week, $6.2k. The product is a smaller version of something I built for one of them, it's been live seven months, and it makes $210 MRR from 14 customers.
The gap is so wide that 'go full time on the product' isn't a decision, it's a fantasy. But the product only grows in the hours I'm not billing, and I have maybe six good hours a week.
For people who made this cross: did you drop a client, raise rates to work fewer hours, or take a lump of savings and set a date? What actually happened, rather than what you planned?
@pgpolicy_nadia · 9mo ago · 3 replies
Raised rates. That's the whole strategy and it's the one nobody wants to hear. Went from hourly to a fixed monthly fee for a defined scope, roughly 40% more money for about 60% of the hours, and one of the two clients said no. The one who said yes is the one I still work with four years later.
That freed a day and a half a week, and a day and a half is a completely different animal from six evening hours. You can do sales calls, you can answer support during business hours, you can think. Evenings are for code. Days are for the business.
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@gio_castellan · 9mo ago
'Evenings are for code, days are for the business' is the actual insight here. My product was stuck for a year because everything customer-facing needs daylight.
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@supa_okonkwo · 9mo ago
Also, the client who says no is information. Mine said no and then came back four months later at the new rate.
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