As a freelancer, we can find times where revenues are down. Personally, freelancing is my full-time job, so when money isn’t coming in, I am eating rice and beans instead of steak. What we must always realize is that our freelance business is just that…a business.
If you were to research any successful business owner, their primary business is not their only revenue source. They may invest in stocks and bonds. Some buy into other businesses. I worked for one business owner years ago who also had a farm where he raised cattle.
It is wise to have extra sources of revenue.
In today’s post, I am going to share some revenue additions that may help you as a freelancer.
Having a website with a blog is a great way to earn some added revenue. Just adding Google Adsense can provide some extra money, and you can also sell other ad space or use other advertising mediums.
Not only can your blog help you with extra revenue from ads, you can build authority in your particular freelance niche. You just may gain new clients by having a blog.
Write A Book
Yes, write and publish a book. It can be a nice surprise when you receive royalty payments. I even have a book on how to write and format your own book. You can find it below along with a couple other books I wrote.
As a freelancer, you have skills other people would long to have. Start an online course and charge people to teach them what you know. There are many ways you can go about this. Just Google start my own online course.
Use A Business Model That Creates Recurring Revenue
As freelancers, we often do one-time jobs for clients never to hear from them again. If we started marketing our services in such a way that provides discounts for clients who use our services for a longer period of time, we can keep busy and bring in revenue.
Some ideas may be:
Create content that is of a never-ending style. Similar to television soap operas.
Offer the management of their social media.
Manage the person’s WordPress blog.
Offer a discount for a mass quantity of photographs or art work.
Another Part Time Home Based Business
My first priority is my freelance business, but I am also involved in a great multilevel marketing business too. I use these wonderful products, and I can sell them for a profit or have others on my team who do the same. The products in our line are all for health and wellness. And, since I also freelance write for this website, I have learned a lot about how to work the business.
If you feel this is for you, come join my team by signing up here.
Wheel & Deal
Another great way to add revenues is to wheel and deal. Using eBay or Amazon, you can easily go shopping at thrift stores, antique shops, garage sales and flea markets and sell your finds for a profit. You want to make sure you are setting your shipping costs right.
I used to do this a lot on eBay with collector coins and sports cards, and I made out like a bandit. I found myself quite freelance busy, so I stopped, but I have considered starting again if I hire a virtual assistant.
I mentioned it at the start of this post; when we look at highly successful business people, we discover that they invest in stocks, bonds, mutual funds, etc…I do suggest you research this closely, but with the right investments, you may be able to give up freelancing and travel to your dream destination.
There is an old saying that goes, “Don’t put your eggs in one basket.” Follow that advice and get many forms of revenue, and when one sours, the other will grab hold.
That is wise business, and by doing so, you will be a wise freelancer.