Contractor Unemployment Opportunities – How to make money when out of work

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Contractor Unemployment Opportunities
Contractor Unemployment Opportunities

Contractor Unemployment Opportunities

The article Contractor Unemployment Opportunities is from Aussie contractor site www.Brainbox.com.au.

Many people in IT have lost their jobs in recent years or have spent time on the bench, and new jobs are hard to come by. A week or two spent moping around the house and watching daytime TV is OK after the hard-working years.

Soon though, you must try to make use of the extra time to increase your money-making potential.

There are many options for out of work IT Contractors.

Here are some contractor unemployment opportunities and suggestions for how to do so.

  • Train yourself in new technologies
  • Update your vendor certifications
  • Build yourself a website
  • Network for future opportunities
  • Engage in some PR
  • Start your own consultancy
  • Start your own software company

Train yourself in new technologies

Working in IT means continually updating your skills. The more up-to-date and wider ranging your skill set, the more money you‘ll make when the job market picks up again. If you‘re out of work, you won‘t want to shell out for expensive training courses.

Fortunately it‘s almost as easy to train yourself. So, buy a couple of books on a new technology that interests you. Vendors often allow you to download free evaluation copies of software from their websites.

Ideally it should be something that job ads are asking for; e.g. J2EE and .Net are good options for web-developers. Use your time for any contractor unemployment opportunities.

Update your vendor certifications

If you‘re going to be doing some self-training, you might as well get certified at the same time. Vendor certification often translates into higher charge-out rates and job hunting success. Aiming for certification also disciplines you to learn the material thoroughly.

Build yourself a website

In most modern IT professions, having your own website is a great way to show off your skills. This is particularly true if you‘re a web developer. Even for non-developers, it shows that you understand internet technologies and have technical skills.

Many IT professional‘s websites are merely brochure-ware for their skills: little more than a jazzed-up resume. This is relatively easy to set up, but unlikely to bring in much new work.

Try to think of a useful service you could add to the internet; a niche that isn‘t being served. Perhaps you‘re an SAP guru who could start up a local site for others with your skill-set.

This is likely to drive much more traffic to your site than a simple resume. Put a link advertising your skills and expertise. Ideally, you want traffic that is likely to lead to work, so keep that in mind when catering for your web-audience.

Who know, maybe your website will take off and make you millions.

Starting a website while unemployed is also a good way to fill gaps in your resume. You weren‘t unemployed for that three months, you were taking time off to pursue your own project. Many good companies were started via contractor unemployment opportunities.

Network for future opportunities

If you read our previous articles on the hidden jobs market, you already understand how time spent networking can be turned into hard cash. Time out of work is an ideal opportunity to build up your list of contacts and raise your profile.

Engage in some PR

If the market sees you as a well-known expert in your field, your job opportunities and charge-out rate can increase substantially. Offer to write articles for newspapers, magazines and websites covering your area of expertise. Most media outlets have editorial contact details on their websites. Generally speaking, you will have to start writing for niche, or less well known outlets and gradually build up your profile. If you get to the point where you‘re contributing regularly to national or international titles, the rewards can be substantial.

Start your own consultancy

The consultancy field in crowded and competitive. Try to offer something that nobody else is. Your niche can be geographical or industry-based as well as technology-driven.

An example would be a web-services consultancy aiming at medium-sized retailers in Victoria.

The market for consultants is at a low ebb at the present time. This can be an opportunity as well as a threat. Not many other people are starting consultancies at the moment and many established practices are leaving the market.

If you can find a good niche and accept low-level profits while waiting for the market to pick up, you may well find yourself in a strong position when it eventually does. Contractor unemployment opportunities are the base for many a good company starting.

Start your own software company

Many developers get a great idea for an application and rush out to build it. The key to success in this area is market research. Before building, make sure that someone is going to buy your product. Ideally, you should try to find a customer before even writing the first line of code.

There are many contractor unemployment opportunities. Those above are just a few of the better ones. You know some contractor unemployment opportunities yourself.

Read also 10 Tips for Out of Work IT Contractors

If you know anyone else who would find this article useful, please share it with them using the social media buttons at the top and bottom of the page.

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