How Does A 4 Hour Work Week Sound? Part 26

February 18, 2011

The work relationships where you can justifiably ask for a price reduction in return for a long-term work commitment are with teams of workers.  As mentioned earlier, teams usually ask for $12-$25 per hour for short term contracts.  That’s a princely sum in many of these foreign countries: the equivalent of making anywhere from $45-$200 per hour in North America.

Typically teams are organized by single person whose value add is offering a one stop shop for all your needs but who may be paying their team members $4-$5 per hour as lone wolf workers typically make.  So be sure to ask these team leaders what advantage there is in working with their team vs. individual workers.  

As with teams, you can get loads of highly qualified people lined up and ready to do work for you if you post your projects on several freelancer sites on a regular basis.  In many cases you’ll find the advantages of using a team are equaled by using a freelancer site with sophisticated relationship management capabilities.  In other cases teams will bring tangible advantages to the table not offered with using freelancer sites that make them worth the extra expense.

When negotiating a long term arrangement with a single worker don’t be tightfisted with them if they prove themselves reliable and you’re not paying them that much from the beginning.  If you’re only paying them $4 per hour, don’t chisel them down to $3.  You’d only be saving $40 for every 40 hours they work, but you’ll probably lose out more on their lessened motivation and loyalty.

Remember that these workers are contractors, not employees.  They don’t have to give you their full loyalty just because you gave them a job, and that’s lack of loyalty is exacerbated by the fact you’ve never met these people face to face and probably never will.

Filed under: Inspiration

Tags: 4 Hour Work Week, 80-20 Rule, 90-10 Rule, Ferriss, Four Hour Body, Four Hour Work Week, New Rich, Nouveau Riche, Pareto Principle, real estate, real estate agent, realtor, Tim Timothy, virtual assistant