End of contract opportunities

On occasion, a prime will have a vacancy on a contract that is ending in a relatively short time frame (under six months).

These are opportunities for you if you're interested in going 1099.

Many W2 employees are reluctant to join a contract at the end of its lifecycle because it means they may get laid off if the prime can't find another position for them.

The prime may also be reluctant because they might not be confident in being able to place an employee if the contract ends which means they either have to lay them off or eat the overhead expense.

However, you as a 1099 may be more risk tolerant and be willing to take a six month project in exchange for capturing most of the bill rates. Your additional "profit" is the compensation you take for assuming the risk there might not be a position for you at the end of the contract.

If you're willing to take on that risk it's a great opportunity to get your first 1099 gig.

Want the full playbook? Check out Going 1099.