Freelancing can be a great way to keep the lights on while you build your company, but you may be leaving money on the table. Create an agency to increase revenue.
If there's a good amount of demand for your freelancing work, it might be time to set up a separate entity. Yes, it's a hassle to register a company, get a bank account, create a website, and so on. But it's worth it because it increases your credibility, allowing you to bring in new business and charge more for your services. It also opens up a whole new market of companies that only work with agencies. @andrewjdavison of Luhhu was able to win bigger clients and increase his hourly rate from $100/hr to $175/hr with this small adjustment alone.
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