Freelance Mentorship

3 Freelance Mentorship Success Stories [2024]

Pat Walls

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Updated: October 8th, 2024

Curious about making a meaningful impact while working on your own schedule? Consider freelance mentorship.

Freelance mentorship involves guiding individuals or professionals in their careers, helping them navigate challenges and achieve their goals. You’ll offer your expertise and wisdom gained from years of experience in your field to those seeking to advance their careers.

Building relationships and trust will be key, and while marketing your services and setting up structured programs require effort, the payoff can be immensely rewarding. With the rise of remote work and digital communication tools, it's easier than ever to connect with mentees worldwide.

This venture not only allows you to leverage your knowledge but also to make a positive difference in someone's professional journey. Whether you’re a seasoned industry expert or an entrepreneur, freelance mentorship offers a flexible, impactful path to business success.

In this list, you'll find real-world freelance mentorship success stories and very profitable examples of starting a freelance mentorship that makes money.

1. Ellen Yin Media LLC ($960K/year)

Ellen Yin, founder of Ellen Yin Media and creator of Cubicle to CEO, started her business after quitting her corporate marketing job. She initially took on small projects, but when a coworker became her first client, she realized she could monetize her skills into a service. She then made a pivot to focus on creating and scaling digital products, launching her first program with zero content and pre-selling it to beta students. To attract and retain customers, she leveraged partner campaigns, utilized a self-liquidating offer funnel, and gained media features. Today, the business has reached seven figures in lifetime revenue and is on track to make over one million dollars in annual revenue.

How much money it makes: $960K/year
How much did it cost to start: $100
How many people on the team: 3

How I Launched A Six Figure Online Membership That Helps Coaches & Service Providers Make Their First $10K Month

Founder Ellen Yin shares how she profitably bootstrapped growth from a $300 client project into 7 figures in lifetime revenue and how she launched a $10K/month online course using pre-selling to test and validate her offer.

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2. GrowthMentor ($120K/year)

Fotis Panagiotakopoulos came up with the idea for GrowthMentor after realizing that hiring freelancers for mini-consultations on Skype calls was a more efficient and productive way to learn and get feedback. He saw the potential to create a platform where marketers and founders could easily book mentorship sessions with experienced growth practitioners, and thus, GrowthMentor was born.

How much money it makes: $120K/year
How many people on the team: 1

How I Launched A $5K/Month Platform To Connect With Growth Mentors

GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.

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3. Ramen Club ($48K/year)

Charlie stumbled upon Product Hunt and attended indie hacker meetups. Eventually, he saw how encouraging meet ups are, leading him to start with the idea validation process.

How much money it makes: $48K/year
How much did it cost to start: $250
How many people on the team: 0

How I Started a Remote and IRL Coworking Community for Indie Founders [$48K/Year]

Ramen Club is a founder community that aims to help solopreneurs succeed, enjoy their journey, and feel less lonely; it currently has over 100 members and $3,800 MRR with 35% MoM revenue growth between April and May 2022.

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Read by 4,367 founders