High-end contracting within not-so-common software and / or specific business domains.
The contracts are often very long (some many years) and the rates are sufficiently high to get you to 250K and beyond, even after accounting for sickdays, medical insurance, pension, vacation etc.
You can get there through experience in specific technologies like SAS CRM, SAP, Salesforce etc, meaning tech's that are not so common without necessarily being completely niche. You can also get there as a generalist developer with exceptional experience in a business domain like automotive, finance, retail or whatever.
The rates can get extreme when the developer is specialized in both a specific technology and business domain.
A specialist in marketing automation + finance for example or datawarehousing + retail etc.
The serious clients who have the money you are looking for, are not going to hire a random guy in Thailand based on a forum comment.
At your suggested rate, these clients will be able to get an on-location contractor with significantly more experience (think 10-15 years). I.e. No hassle with international payments, timezones and what not.
Compare that to what you are suggesting: A very high cost (150 USD an hour) at a very high risk (completely unknown resource). This makes it a highly unappealing business proposal.
For you to get that rate while being remote, you need to have already established yourself with such clients, i.e. You need to have worked for them before and built a lot of trust.
The problem here was not with outsourcing as a discipline, it was with lack of experience in outsourcing. The lessons learned in the post are typical of first-time outsourcing attempts, but entirely incorrect if you have an experienced person leading your efforts.
A few tips for OP and others reading:
1) If you are western and it's your first time, avoid suppliers from the Middle East and the Far East (Pakistan, India, China etc). The cultural difference will be too big a mouthful.
Instead go with locations closer to home, i.e. Brazil/Chile for US, Eastern Europe / Russia for EU.
2) Do not use bottom barrel suppliers. $10 suppliers, will deliver according value. If they were better, they would charge more.
3) You need to know about local holidays. Eid in Pakistan, the Chinese new year in Far East, the orthodox christmas in Russia etc.
Good suppliers will inform you of these well in advance. $10 sweatshops will send you the dreaded "Oh btw 14 days national holiday is starting now, thanks bye".
4) Strongly consider time and material pricing model. Fixed-price is appealing. But in usual custom projects, the estimation will statistically speaking be way off. You'll then end up with scope / price negotiations and bad relations.
You'll also be more likely to continue with a bad supplier because of loss aversion i.e. "we've already paid 50% of the total project, let's just see it through". This results in death march projects usually.
5) If you do not have an experienced outsourcing manager, the next best thing is a supplier with strong project managers and experience in outsourcing. Find a consultant or broker that can find you one such supplier.
What's basically clear is that the candidates complaining here a) didn't do their basic f-ing homework, and b) are seriously misrepresenting Netflix views on letting people go.
Not I agree with that part of Netflix culture (and it would pretty much be illegal in most Western countries), but there is a clear logic behind it, and I seriously doubt they skipped that part in the interview.
What's basically clear is that the candidates complaining here (...) are seriously misrepresenting Netflix views on letting people go.
You can assume the posters here are being malicious, or that they're honestly telling what they understood from the interview. If the latter, then I'd argue it's Netflix fault for failing to leave the right impression.
A tip if you already use lifecycle programs: Set up your marketing automation tool to automatically unsubscribe your recipients from the program, if they are not opening the first 2-3 emails (thereby showing a lack of interest in the specific program). This allows you to keep a higher percentage of email permissions, which you can use for less frequent communication.
Otherwise a large part of the uninterested segment will end up revoking their email permission, i.e. Unsubscribing from your permission base entirely.
That's very true, you'd be unsubscribing some false positives. Usually this is marginal though, and it's a tradeoff worth taking except if your recipient group have an abnormally high use of image off. Also, you can decrease the percentage by hosting content on a landing page since in most tools, a click will also register an open.
Not sure it's possible to automate easily since mailchimp is a rather simple esp. I might be mistaken though, it's been a while since I used them. You could probably solve it through the API or at least through a bit of recurring manual work.
"In high-end contracting work, daily rates are industry standard. If you have the option to bill on a daily increment, why would you ever bill hourly?"
This advice is rather black and white, making it not exactly spot on for a large variety of cases. "X is an industry standard" is also rarely entirely correct. Ex. While daily rate might be standard in the UK and US, Scandinavian rates are almost always hourly based. Russian and ukranian as well, and most likely a whole range of other locations I know nothing about.
If you contract for a professional services firm that re-bill your hours, you're going to have an explanation problem when they see 3 hours logged and a full day billed. Conversely, the "full day" is easily stretched by a client-in-need into 10 or 12 hours, which leaves your hourly income plummeting by 25-50%
In this particular case, your best bet by far is to bill hourly. This applies to a variety of other cases as well, which is why there is no such thing as a universally applicable approach on consultancy billing, and such really shouldn't be given or taken without a huge disclaimer.
This is not entirely true. Tramadol are often given in doses of 3x50 mg a day for pain relief. To a user with no tolerance, the most common lowest dose, i.e. 1x50 mg is certainly more than enough to give a euphoric feeling, ability to concentrate, stress relief and a whole range of other effects. Effects obviously can't be compared to "real" opiates, where the effect is much stronger and have more of a sedative effect. It should also be noted the effects vary quite a bit depending on the individual, i.e. some people don't have much of a reaction to Tramadol.