This makes the project ideal for new freelancers and agencies that need to be established. This is a great way to build trust and show that you are doing a good job. Often it is the beginning of a long-term relationship with a client and therefore can do more work for you in the future. And, of course, the project can lead to referrals. One small project can lead to the largest clients after 6 to 12 months. The project is also suitable for agencies and freelancers working in large budget companies.
In this case, the project can ghost mannequin effect service be very profitable without spending time directly. Building a $ 50K website, for example, your time has much more margin than a $ 5K or $ 500 build Margin. Sure, it's more complicated and you'll manage more people, but the trade-off is an increase in your time earnings. For larger projects, you can also pay for the resources to staff the project. Keep in mind that it is important to clearly define the scope of work before starting the project . Please be clear with your clients about what is included and what will be the additional charge.
Your time is not free, and they need to be okay with it. Finally, there is also a lifestyle element here. Projects are popular with freelancers who spend time on large projects and prefer to be completely non-functional for a month or two once the project is complete. If you prefer this kind of work / regeneration cycle, we recommend that you consider project work. Those who should not use this model The main drawbacks of project work are scope creep, payment delays, and the constant need to sell more projects. Everything that hinders cash flow. For this reason, the apparent loss of the project model lies with institutions seeking to scale. To scale up, you need reliable income to hire new team members.