Sean O'Dowd Profile picture
Apr 19 12 tweets 3 min read Twitter logo Read on Twitter
Independent consulting can be extremely profitable.

$200K-$500K a year is normal in your first year

...if you can find clients

Here are the five best ways to find clients

(hint: the "best" way is different for everyone)
Strategy #1: UpWork

UpWork is a freelance platform that matches consultants and clients together

This is best for beginners. You can find a client TODAY on UpWork

There are more clients on UpWork than everything else on this list combined
I believe 99% of beginners should start on UpWork

(it's where I started back in the day!)

If you have a full time job, UpWork is especially a good fit for you.

The sheer amount of clients on UpWork means you'll find a client to work with when you aren't at your day job
Strategy #2: Catalant

Catalant is the exact opposite of UpWork

There are very few clients, but they are very high paying

Since they are high paying, they are competitive to land

Only come to Catalant after you've done UpWork first

OR

If you have a ton of experience
Strategy #3: Linkedin Jobs

Most people know that you can find full time jobs on Linkedin

Very few know that you can find consulting gigs on it

Go to the "jobs" section, then search for "Contract" gigs

CRITICAL: Set seniority to "mid-senior" & "Senior"
By searching for these roles, you'll see just high paying consulting gigs

These are great because you make more money than UpWork or Catalant (those platforms have a fee)

I've landed multiple Fortune 500 clients this way

This works best if you already have an LLC set up
Strategy #4: Your Network

It's worth mentioning to past colleagues that you now work in a consultant capacity

Many independent consultants first get their start via their network

This is especially true IF you have 10+ years of experience, or very specialized knowledge
Strategy #5: Outbound
Outbound means cold emailing or DM'ing potential clients

This is, by far, the hardest out of all five.

It can be the most profitable too, since it's the most scalable

This only works for very specialized consulting, where every project is the exact same
A good example would be building pitch decks for companies to raise VC $$$

You could run a cold outbound strategy, because each project is the same (make a deck)

The client is the exact same too: a small VC startup looking for their next round of capital
If you do more specialized work, like my friend @polak_jasper does with project management, then cold email doesn't work

That's because each project is unique, and each client is unique

It's also why you need to be thoughtful about which strategy you should use to get clients!
@polak_jasper I hope this was helpful! Let me know of any questions! :)
@polak_jasper If you liked this, you'll love my newsletter

It's about how to grow wealth with a solo consulting biz + real estate

seanodowd.beehiiv.com/subscribe

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More from @SeanODowd15

Mar 30
Fortune 500 companies pay me $50K+ a month for consulting

It's great, but what's even better is...

I sell these projects in ONE 30 minute phone call

This is the framework I use
By the time we get on the phone, the client has already decided they need to hire a consultant. It's now a matter of WHO

My role is solely to convince them it's ME

Amazing platforms like Catalant do the job of matching consultants and clients together for these calls
Calls are 30min and typically follow this cadence:

-3 minutes of intros
-5 minutes of context setting
-22 minutes of problem-solving together
Read 12 tweets
Mar 28
Most real estate investors assume 8% vacancy. That's one vacant month per year

Single Family Homes in elite school districts are closer to 1% vacancy

Here's how the math works
Remember, the families move to these districts solely for the school.

If a family moves in before their child's freshman year, they will not leave until graduation.

That's 48 months of occupancy for one child.
The most common American family is two kids two years apart.

If a family moves in before the eldest begins high school & leaves after the youngest graduates, that's 72 months.

Six years of occupancy is a 1.4% vacancy loss (1 month /73 months).
Read 4 tweets
Mar 16
I'll make >$500K this year as a solopreneur consultant in my 20's

But that's because I've got clients and my niche figured out

If I was just starting and at $0, these niches are what I would try
First, data cleaning and integration

Every major company in the world says data is important to them

However, they're running their entire business on software from 1994

This leads to a data mess that is incomplete and inaccurate
There is basically unlimited demand for consultants to help figure out this mess and "clean it"

In this context, cleaning means identifying and rectifying errors

You can charge ~$2,000 a day for this, easily
Read 8 tweets
Mar 14
The two types of niche tenants you've never heard of...

But we see all the time with Class A single families in elite school district
Tenant #1: The Builders

The median home price in one of our target rental zip codes is $1.7M

I know of at least two billionaires who live in this specific zip

Houses are $$$$$$$$

There are also no lots left. Every lot that could have a house already has one.
Why does that matter?

If you are wealthy and want to build your own home, you have to knock an existing home down.

It takes about 2 years there to buy a lot, knock it down, and finish building your home
Read 8 tweets
Feb 27
Do you need a niche when you get started consulting?

NO

In fact, it's almost better if you don't have one

Here's why
Think of your first 3-6 months in consulting as a paid test

Literally, you get paid to test different industries and project types

Ever wanted to do Excel work for a cannabis company?

You could try it

Interested in trying operations work? Maybe in healthcare?

Try that too!
After 3-6 months, you have finished multiple "mini careers"

Now, you are can decide which "career" you liked best

Then, you focus your efforts into that type of consulting work

You're making an informed decision here

That is SO much better than the alternative
Read 5 tweets
Feb 20
TikTok is (likely) to be banned

That will cause a lot of people to lose a TON of money

If you could save them from losing money, you'll make money yourself

There's an opportunity for a business here
Check out this TikTok account: Cars_is_king

This account posts cool videos of cars.

It probably started as someone's passion project for fun

But, notice the followers! 220,000!!!
Let's plug that into the Tiktok earnings calculator

This nifty calculator shows you how much a Tiktok account could charge for a sponsored post

It looks like this account can charge a few hundred bucks per post!!
Read 7 tweets

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