I have $900 saved from two clients; after a failed LinkedIn course investment, I'm scared to invest again unless guaranteed a client. Should I try cold email? How would you invest this money back into the business?
I would invest it entirely in lead generation. If you're not investing your money in lead generation, what else are you investing it in? Sure, marginal expenditures will happen for things like client fulfillment and growing your team, but if you're a beginner, the only thing that really matters is how many people see your brand, book meetings with you, and decide to close. So your priority is maximizing the top of the funnel. Three simple ways to do that: First, spend some money on Upwork applications—it's a vetted marketplace where people have raised their hands saying they want to pay for someone good at this. It's easy to stand out; you don't need to compete with thousands. Just ask yourself what makes you different and how you can show that differentiation makes you better suited than the other 50‑ish people they'll scroll through. Reply rates are around 10–20% in Maker School, which is high. Second, run a cold email campaign sending high‑quality, templated but AI‑customized outreach to people in your target market who have a higher‑than‑usual probability of needing what you offer. Think of it as a soft version of putting your hand up: these folks aren't raising hands yet, but they might soon, and you'll catch them as they do. Third, use an inbound approach like joining communities, becoming an authority in your niche (home services, HVAC, digital, PPC, etc.), which helps fill gaps your outreach methods might miss.
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No problem, you should definitely double down on other forms of outreach. There are two ways to get clients: money‑intensive methods, where you spend money to acquire clients fast, and time‑intensive methods, where you spend time instead of money. In Maker School I focus on money‑intensive tactics, but the amount of money needed is actually very low compared to most businesses. For example, cold email might cost around $220 a month (software, mailboxes, leads), which is about 44% of your $500 take‑home — still a lot when you also need to pay rent. Upwork Connects cost about $2.50 per application; using the Connect strategy 20 days a month adds roughly $250, bringing your total outreach spend to about $470, or 94% of your income. Clearly, spending that much on paid outreach isn’t realistic. If you don’t have money to spend, you trade your time for what that money would have bought you. Start with cold DMs: combine the best of my cold email and Upwork approaches, and send them on LinkedIn, X (Twitter), Instagram, and Reddit — about 20 per platform each day. At three minutes per message, that’s roughly four hours a day, yielding around 1,200 outreach attempts per month. Even with a modest 5% reply rate and a 25% booking‑to‑close rate, you could land a few clients and start generating income. As you reinvest those earnings, your outreach becomes more scalable and your hourly effective rate improves. Another time‑intensive tactic is community posting: join relevant Slack, Discord, LinkedIn, Facebook groups, answer questions daily for two weeks, then start posting your own value‑driven content. When you gain visibility and authority in those communities, people will DM you for help, letting you pitch your services and turn those interactions into leads. The core idea is to trade time for money early on; as your earnings grow, you can gradually shift back to money‑intensive methods and reduce the time you need to spend.
You can absolutely hit $17‑$20K a month without cold email, but you need to focus on the platforms and outreach methods that actually move the needle. The biggest issue right now is that you’re not targeting the right places. While cold email is the simplest and most scalable channel, you can still generate high income through Upwork and community‑based outreach. For example, sending about ten high‑quality Upwork proposals a day can give you a 4‑6x return on your connect spend, which translates to roughly $7‑$8K a month after accounting for marketing and platform costs, leaving you with a healthy 75% gross margin. To improve beyond linear growth, decouple inputs from outputs by building reusable outreach templates and leveraging platforms that let you automate large‑scale, yet personalized, communication. Cold email is one such lever: invest a fixed amount of time in a high‑quality campaign, target precisely, and let it run without daily manual effort. Community outreach works similarly—become a recognized figure in a niche community, create evergreen posts that solve problems, and let those assets generate leads with minimal ongoing work. The same principle applies to cold DMs. All these strategies are layers of leverage; even the lowest‑leverage method—consistent Upwork activity—can get you to $17K if you execute well.
You won't know what you're doing until you've actually done it — it's unreasonable to expect polished outreach skills as an absolute beginner. Your results right now will be the worst they'll ever be; don't judge your future potential by your current 'chapter one' results, judge by 'chapter 100.' Yes, you should be doing more outreach broadly, including Upwork and other freelance platforms — ideally simultaneously. In Maker School, people spend 70-80% of their computer time on sales, marketing, and outreach, because that's what actually gets clients; without clients, you have a hobby, not a business. On cost: plenty of people land their first client within 10-20 Upwork applications, though the median is more like 40-50. If your average cost per application is $5-6, 40 applications is roughly $200 — which against a $500 first client is a high ~40% marketing cost, but your first deal is always your worst deal financially. As you build a track record and start upselling, your marketing cost as a percentage of revenue drops significantly — most people settle around 10-15% of gross spent on marketing via Upwork over time. Don't plan to stay on Upwork forever though — treat it as a crutch to get you to something more scalable, like cold email.
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You need to charge more, proportional to the value you provide. If you solve a $10,000-per-month money need, you can reasonably charge 30%–50% of that, i.e., $3,000–$5,000 per month. From the business owner's perspective, this is a simple ROI: hiring you should yield about a 3x return, acknowledging some uncertainty between the $3,000 fee and the $10,000 value. You can charge a proportion of the value delivered. Focus on profitability by charging significantly more for your services. On the expense side, avoid accruing unnecessary liabilities. Many who sell cold email or lead generation merely wrap a cold email product with minor added value and then bundle in unnecessary costs like email inboxes, platform fees, and domains. Instead, have the client pay for some of those costs so you're not left liable if you don't deliver results or fulfill guarantees. For example, one consulting client guaranteed a client $10,000 but only sought payment after delivering that amount; due to a long sales cycle, the client didn't receive the $10,000 for four or five months, while the consultant's ongoing email costs were $600–$700 per month, totaling $2,400–$2,800 over that period, yielding a 76% margin after COGS. Don't put yourself in that situation.