It is no secret that I am currently funding my job search through consulting work. This has many career-management benefits, but today I’m going to write about the only one you probably care about – green stuff to make your rent and buy groceries. Here are 7 ways to get yourself started and turn your knowledge into real cash.
Figure Out What You’re Good At
It is a complete tragedy that so many people feel their skills aren’t valuable or marketable unless they have a full-time job. The truth about layoffs is that the work does not disappear, what disappears is the means to fund a full-time employee to do the work. So look, there is probably work somewhere in your area of expertise, and you probably could do it; it’s just that a company would rather have a variable cost (with no benefits to pay) than a fixed cost on its books.
You will argue with me, but I honestly think it is impossible that you (yes, YOU!) do not have any transferable skills you could sell through consulting services. I take that back; the one exception is if you have been sitting in a closet with a box over your head for the last few years. And that doesn’t apply to you if you read this blog.
So make a list of your achievements, review old versions of your resume, and ask your spouse, mentors, and friends what you are good at. Among those things, there will be a cross-functional set of skills that can be applied to any business. If you are still lost, consult a career coach, because you aren’t trying hard enough. Or crawl into a closet and put a box over your head – that works too! (Joking.)
Have Something to Say
The whole point of being a consultant is to… well, consult. That means you need the guts to think of innovative solutions. Have you ever started a sentence with, “If I were in charge, I would…” in reference to some idiotic decision your company was making?
Well, look, now you are in charge. You control your schedule and the type of work you do. Hate your current line of work? Guess what, you can consult about whatever you want now, provided you are honest about your abilities and are willing to work hard to show measurable results.
So the first step to having something to say is learning as much as you can about your craft, even if you’ve been doing it for a few years. Or if you’re already a bona-fide expert, practice telling people what they should be doing as if you were in charge. Not all of your ideas will be implemented, but you’ll be proud when some of them do.
Use the Lingo
Sometimes, it’s not just what you say, but how you say it. Some might say this is faking it until you make it, but really it’s just managing semantics. Learn the right lingo and you will sound like a consultant in no time. Here are some primers:
- Master Consultant Speak
- Management Consulting Lingo
- Getting Drunk in First Class (Not safe for work, and possibly not relevant)
People make fun of “corporate speak” but if you don’t walk the talk you will never be convincing.
Start a Blog
It will be no surprise to anyone who blogs when I say that I fell into consulting in part by accident because of an article I wrote about companies using social media. So many people emailed me about this piece that it did not take long to figure out I must know something others don’t. And that’s when the dollar signs go off. To date, my blog has opened up so many opportunities to me that I’ve honestly lost count; but the best thing is the emails I get from readers that lead to real business opportunities.
So start a blog. You don’t need a topic, you just need to write about everything you are learning, and then help everyone you can with what you’ve learned. Good karma is real, so be genuine and opportunities won’t be able to pass your house without ringing the doorbell.
Start an Umbrella Company
Some people will say, “I can’t be a consultant. I don’t even have a website, much less a business!” What I did was start an LLC back in Sept. because I knew I was leaving my job soon. I then threw every half-baked money-making project I had under my new company’s umbrella and started pursuing them full-time to make them more profitable. I also focused on whatever achievements I had from those projects – those went on my resume.
Next, I looked at where I was missing skills I wanted, and started creating more achievements in those areas just from working on my own projects. That gave me something to talk about when trying to land new clients; those are the achievements I use to market myself every time I want more work.
If you don’t have money-making projects already, just start one. It’s not hard if you’re willing to invest the time and a couple bucks. And if you can’t come up with a project, offer to do a project at someone else’s company for free.
Network Network Network
This is the Holy Grail for everyone besides real estate agents. I recently met up with another blogger, Nisha Chittal, and she asked me how I was scoring all these gigs. The main reason is networking – while I meet some people who want help online, I also met an entrepreneur through my network at the University of Chicago (yes, MBA’s become entrepreneurs too).
Everyone has a network, so don’t say you don’t know anyone. You probably know more people than you think. I saw this opportunity to work with this company that was trying to expand in Chicago but was headquartered in Atlanta. I checked out the CEO’s profile on LinkedIn and it turned out we had a mutual contact who put me in touch.
There are also tons on free networking events that you are probably going to anyway because you are unemployed. Instead of telling everyone you’re looking for a job, tell them about a project you are working on (See the point above). You’d be surprised how many will reply, “Really? I know so and so who’s looking for someone to do that for his company!” I smile every time – this trick seriously works like a charm, and sounds so much more impressive than “I’m unemployed actually. And you?”
Say No
I mentioned I was actually doing the consulting thing to accomplish a larger goal – landing a full-time job. Well, this week I have two full-time job offers that I get to say “No” to.
I know what you’re thinking – is this girl insane?! Doesn’t she realize we’re in a recession?
I’m not worried though; on the contrary, the desire to reject these poorly conceived job offers is nearly insatiable, and the thought makes me giddy. Neither offer is a great option for me, and I have enough self-awareness to know exactly what I want.
Saying “No” sends a powerful message – you are declaring “hey- I’m not desperate, and I’m not putting up with your crap just because the economy looks bad.” The ego-trip that results is so intoxicating that it’s too bad you can’t bottle and sell it – there would be so many more happy people in the world.
You will not be a good consultant until you learn to say no. Your time does not magically expand to fit more clients – so choose your assignments wisely and take only the work that builds on your skills, lets you achieve results quickly, and makes your resume pop.
And ironically, good consulting is what gives you the ability to say no, because if you’re getting gigs, you won’t need to take the first job offer that comes your way.




Monica O'Brien is the Director of Digital at Fizz and author of the book Social Pollination, which helps businesses leverage social media for crazy growth!







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Great post! Speaking from experience, #1 and #2 are the most important. Sometimes it can be hard to not take what you do well for granted. Fatal flaw of us humans!
I linked to this post for reference in my current article – i think you offer some inspirational and motivational thoughts for people who are looking to earn “extra” income (or income, period.). It’s practical and realistic and avoids sounding trite – thanks for writing this!
I like it, so do you know of any quality links about how to start an Umbrella Company? Also, your approach is real, people shouldn’t just take whatever offer or job others throw at them. If you know what you want, you’re ahead of the crowd. Networking is essential, get to know people by being approachable and willing to meet new folks. If you only keep to yourself, guess what? You’ll miss out on those opportunities. Ha, you’re right- we all have networks.
-Mig
I’m not a big fan of using consulting jargon. You can tell the difference between a consultant that’s just posing and a consultant that adds true value (note that I avoided “value-add”).
This is absolutely phenomenal. Congrats! I’ve started consulting on a topic that I’m passionate about and that I know a lot about. I think it’s great that we don’t need to take jobs that aren’t right for us, just because “of the economy”. Way to go, and thanks for the tips.
Thank for the experience. I want to find out more about Umbrella Company. Any one have ideal?
Excellent article, Monica! My company downsized in January ‘09 and I lost my professional sales position. A church friend and I were in the same boat, so we decided to start a non-profit organization. We have several months to go until we’re open for business. We needed short-term income. Your consulting ideas are great and I personally plan to work on them. Also, I guess many people here don’t know that an “umbrella company” is another term for “parent company” being an LLC. I already have an LLC for-profit company I started in 2001. I’ve done many things under that umbrella or parent; offering child-safety products and service, direct marketing products, virtual assistant services and more. Thanks for your timely advice!
Christien,
I have to agree with you – those are the two hardest parts for me too. Actually, the most most difficult part is pricing! Because I’m always afraid to ask for more – sometimes I think I undervalue myself and forget that the stuff I’m doing is cutting edge to 99% of people in the world!
Raven,
Thanks for the link! I hope this helps some people. I’m learning too, so if I figure out anything else on this new trek I’ll be sure to share.
Miguel,
An umbrella company is just a term I made up to explain what I’m doing. All you have to do is create an LLC – google the words “[your state] LLC” to find the forms you need. It cost me about $600 in Illinois.
The umbrella part is just this: I put any money-making projects I have under my LLC rather than my own name (a sole proprietorship). That way, if any of them fail or go bankrupt I’m not liable in terms of my personal belongings and savings.
Hope that explanation helps!
Daniel,
Fair point. I get annoyed with jargon too, actually. I’m writing a paper with this group of finance guys for a class, and all four of them are so bad about jargon! I go through and edit all their paragraphs to make it sound like a human being wrote the paper. And I also noticed that sometimes what the guys write says so little for how many words it takes up.
Nathalie,
Sounds awesome. I think so many people will start turning to freelancing or consulting due to the economy. It’s been my favorite job so far – probably because I’m opinionated and like to tell people what to do.
Great article. Definitely good to hear someone else second my own intuition. Re: pricing — how did you go about it at first? Just look at market rates, or devise something more creative, e.g. a guarantee or flat fee or some other basis? I guess that’s two questions – method and actual price.
Jason,
I don’t have many clients since I do so much work for each one and the work is varied based on the company’s needs. So I have no formal pricing methods. I usually first find out what the client wants me to do, then let him name the first number. Usually the decision between project-based pricing vs. hourly pricing emerges based on the type of work it is.
This approach might be too flexible for you, however, so definitely checking out market rates is a good place to start! Good luck.
Consuela,
Exactly. Thank you for explaining the umbrella company as a parent company too! Good luck with your non-profit – wonderful idea – when life gives you lemons…