1099 arbitrage: same skills, higher billable rates

I was doing HR data analysis on one of my 1099 contracts for a few years. The starting rate was $115.

Later, I found contracts that used those exact same skills for $130, $144, and $160/hour.

I now bill over $180/hour.

Government contracting is NOT an efficient market place. Inefficient markets are prime candidates for arbitrage opportunities.

This could mean an extra $20k to $100k per year in extra revenue for you.

You may think you need to improve your skills or be a hot shot in your field, but sometimes just moving to a different contract and being a slightly savvy negotiator is enough to get a significantly higher rate.