Day 4: Several Revenue Models for Software Engineers

Day 4: Several Revenue Models for Software Engineers

Huge credits to Sultan for this informative talk on the 12th of April! This article will list the main points mentioned in this session! I hope that it benefits those that did not have the chance to join Hashnode Bootcamp Batch lll.

Article Outline

  • Types of Revenue Models
  • The How
  • Resources
  • Conclusion

Types of Revenue Models

  • Freelancing
  • Side gigs
  • Consultations
  • Writing

The How

Freelance

  • Work for people on your own time, not tied to a company.
  • Freelancers can also take contracts to work with companies or the government.
  • Provide a service to your family and friends! Show them what value you can bring and charge them for it.
  • Examples of platforms available for freelancers are Fiverr & Upwork.
  • You get to work on different projects and work with a lot of people.
  • It is better to research the company for your prices. Too cheap may indicate that you are not confident in your product/service quality; too high would make clients think you are overpriced. Find that sweet spot that you are confident. You must explain to the client your price's reason and what better values you can bring compared to your competitors. image.png

    Example of Fiverr

Side gigs

  • Submit proposals to companies or governments.
  • If you are a beginner, try working with experienced developers to market the project. You never know that the project might be the pivoting point to your life!


Consultations

  • Consultations are more suitable for senior engineers that have the experience to consult for a company.


Writing

  • Fixed pays & web monetization
  • Share your problems and solutions in your blog
  • You can find the list of pages that pays you to write here

Resources

Conclusion

Sultan's talk might be the shortest session in the Bootcamp, but it is straight to the point. There are many alternatives to monetize our skills other than a 9 to 5. Start a side hustle today and earn that extra money!

Thank you for reading!

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