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being a middleman

Personal experience: The advantages and disadvantages of being a middleman

2017-01-11 04:56:37

Have you ever acted as a middleman yourself? If you have, you have probably come across both positive and negative experiences and you can probably add to these lists. And please do that in the comments - I will update this post whenever there's something added.

Advantages of being a middleman

  • You don't need the exact skills to get the job done, but you do need to be comfortable in the industry you work as a middleman.
  • Only the sky is the limit in searching for the jobs. If you can work in multiple industries, you can search for projects to take up pretty much everywhere - both industry and country-wise.
  • It doesn't require any remarkable initial investment. However, it would always be good to have some backup money in case some jobs go to hell.
  • You are not forced to work 8 to 5.
  • You can take a nice middleman fee, depending on the project, anywhere between 10 and 90%.

Disadvantages of being a middleman

  • If something goes to hell and you don't have the skills to fix them, you're in trouble, and you need to spend your own money to get things fixed.
  • You are responsible for the subcontractors work.
  • Finding the right people for the job is never easy. There are two main factors to consider - firstly, can the people get the work and secondly, are they trustworthy enough. And of course, all that for the right amount of money.
  • While you are not forced to work 8 to five, you might end up working 5am to 11pm.

Enough for now. Tell me, what are the advantages and disadvantages of being a middleman in your opinion?

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