Are You Rich?
Out of context: Reply #57
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- freshmode0
Currently at around $70K but about to open the doors of our new office soon and plan to expand in ways I can't while doing the freelance thing. I only work with 3 - 4 clients right now but plan to have that and have the potential to have around 6-8 well off clients who will be bringing in a majority of the loot. Medical and Music industry.
Clients are willing to pay double if they see you more as a company then a freelance. Not to say they won't pay well for freelance, just that you can get more with a simple dba and a small 300 sq foot studio.
Overhead for our new place is around $1000.00 - $1200.00 a month. You all know how quickly that can be made and surpassed. Add a couple of PC workstations and land a larger client. Grab a contractor and expand. That is the beauty of what we do. We can bring on others with a small investment and have a large return.
The hard part is making the decision to move to the next level in business. Once you do that, you force yourself to keep moving forward. Not to mention that a 2 year lease is enough motivation.
Good luck to all. Look at the large agencies and follow in their footsteps with your vision. That is what makes a good creative studio.
word!