Ditching Hourly Russ Waddell - The “Secret” To Successfully Going Out On Your Own
Oct 8, 2024
Russ Waddell, a manufacturing expert with over 15 years in the industry, shares his journey of transitioning to freelancing. He reveals the power of value pricing over hourly rates, emphasizing the importance of networking and personal connections. Waddell discusses how mentorship and community support were crucial in his shift from traditional employment. He also talks about cash flow management and effective communication with clients, providing practical tips for newcomers to navigate the freelance landscape successfully.
AI Snips
Chapters
Books
Transcript
Episode notes
Quick Leap To Freelance
- Russ formed an LLC within a week of quitting his job and invoiced his first client without listing hours.
- His first paid freelance check was $500 for a month of ad-hoc help with a startup's hardware product.
Neutral Role Builds Long-Term Trust
- Being a neutral third party in an industry made people share information freely with Russ.
- That visibility created referrals years later when he needed freelance leads.
Dial For Dollars, Gently
- Call your network and announce availability; simple updates work.
- Treat networking as ongoing updates, not one-time marketing blasts.
