A freelance web designer is someone who works for themselves independently, whereas an entrepreneurial web designer is someone who owns their own web design business. To give you a sense of scale, the median salary for a web designer in the United States is approximately $47,000 annually. But you can expect to earn much more than that if you possess certain qualities.
In order to become an entrepreneur, a web designer has two pathways: Design consultancy and Establishing a startup company. The average rate for a web designer is $75 per hour. You’ll have few ongoing expenses, so your profit margin should be about 90%. In your first year or two, you could work 30 hours per week, bringing in nearly $120,000 in annual revenue.
Many web design entrepreneurs choose to start out operating from a home office. Without the startup and operating costs associated with renting office space, you’ll save money. You can re-invest in your business through education, web design tools, and marketing.
Web Developer Insights
A web developer is a professional expert who are expert in developing and designing web applications and websites. The experts are well-trained to use different programming languages to produce a website’s layout, style, and other functionalities. Often, they use server-side scripting languages to develop robust websites that offer personalized content and interact with the website databases.
Web development is a very useful tool for small and medium-sized business owners to generate traffic to their websites. It is also used to gain more customers and grow their businesses. The need for skilled web developers continues to grow as more and more businesses move online.
The skill sets between developer and entrepreneur is different, Entrepreneur is a state of mind and more skills that allow one to evaluate an idea on the business case merits and decide.
Digital product development is critical for web developers looking to diversify revenue streams. Here, your expertise in programming translates to business ideas that can fetch profits. Get a coding education that will come in handy for entrepreneurial pursuits. Looking to diversify investments? Check out DiversyFund to start in private real estate.