Maximum Potential of an Upwork Agency

[xdzain461]

Hey Upwork Agency Owners!

I have been successfully running an Agency on Upwork with a remote team for a couple of years and now i am planning to move to office-based environment and assemble a team of Business Developers and project Managers. 

Do upwork agency has enough potential to generate $20,000-40,000 per month in order to run a very successful Software House and can we eventually move to $100,000/month revenue considering we have a cluster of Business Developers working with us?

I am just asking this question here as I have reached a maximum of 7,000 a month thus far in my journey on Upwork and it was little effort so discussing it with fellow agency owners/managers who are running successful software houses being only relied on Upwork for clients.

Cheers,

Zain 

[6bfcdaf8]

Opportunities are endless. But revenue fluctuates. The more employees you have, more difficult it will be to support them when demand is low.

[xdzain461]

Yeah, I agree. Its already fluctuating with 5-7 Employees but my point is what if we have a whole team of Business Developers. I am very keen to start a Software house but there are no other leads sources beside Upwork 

[iwan-spillebeen]

There are loads of lead sources outside of UpWork, literally thousands, if you want to start a physical agency I would not limit myself to lead sourcing on UpWork only.  If you have a team of business developers then incentivise them to generate leads or pay them a commission on projects signed. 

[xdzain461]

Ivan, Could you name some? I have spent all my time to work as a freelancer as well as grow my micro-agency on Upwork, I found Upwork really decent as very less time and money is consumed to generate leads, never thought of any other lead sources

[b73c5828]

Hi would like to be a freelancer too

[iwan-spillebeen]

Unfortunately no, I'm not going to list competitive marketplace on a marketplace forum, I'm pretty sure that would be against the rules of the forum.  But this is really easy to search on Google.

[365b0c38]

Hi, Zain 

Iam intersted to work with you