We used to do $240k a year in technical workshops, sold nearly $300k of ebooks, and have a million-dollar-a-year business… 3/4 of which is SaaS, not 30x500. And no, we don't have "multiple staff members." Freckle is run primarily by 1.5 people and it grows every year automatically, and grows very well every time we actually try to grow it.
And sure, we could make a lot more consulting too, especially since I have proven product chops. But who wants to deal with clients all day? All that negotiating and educating and meeting and trying to persuade them not to screw up their own projects, all their politicking, the invoicing and paperwork and phone calls and email change requests… no thank you.
I spent about 5 hours a month on Freckle, which is why it's not a multi-million-dollar business. But $700k/yr with 1 full-time employee works beautifully for me.
Try to beat that for an hourly rate with your consulting business.
And sure, we could make a lot more consulting too, especially since I have proven product chops. But who wants to deal with clients all day? All that negotiating and educating and meeting and trying to persuade them not to screw up their own projects, all their politicking, the invoicing and paperwork and phone calls and email change requests… no thank you.
I spent about 5 hours a month on Freckle, which is why it's not a multi-million-dollar business. But $700k/yr with 1 full-time employee works beautifully for me.
Try to beat that for an hourly rate with your consulting business.