Strategies for Navigating the Inevitable Ups and Downs of Freelancing
In today's issue, we'll dive deep into strategies for riding the inevitable ups and downs of freelancing. So buckle up, because I'm about to give you the tips and tricks to smooth your journey through the freelancing seas!
Get Ready for Change
Freelancing has ups and downs, but knowing this helps you deal with them. Understand that some months will be busier than others. However, enjoy the quiet times by caring for yourself and learning new things.
Finding More Ways to Earn
Depending on just one way to make money can be risky. So instead, try different services or make digital products to earn extra cash. You can also make passive income through affiliate marketing or sell e-books to help when you're less busy.
Planning for the Unknown
A great way to handle the money side of freelancing is through budgeting. First, keep track of your earnings and spending to see how you use your money. Then, save when you're busy so you have cash for slower times. Budgeting will help you feel better about the ups and downs of freelancing.
Building a Team of Supporters
Making friends is vital for freelancers. Go to events, join online groups, and talk to other freelancers. You can share ideas, learn from each other, and find new work. Your network can help you through tricky times and celebrate your successes.
Bouncing Back from Problems
Being strong means getting through tough times and moving forward. Get better by believing you can grow, learn from mistakes, and ask for advice. See problems as chances to learn and do better. You'll get better at freelancing this way.
From a struggling freelancer to a confident solopreneur
In this week's resource, I share the story of Matt Saunders, a struggling web designer who went from trying to be a solution for everyone to finding meaning in his work and building a solo business around it. I had Matt on The Nomad Solopreneur Show where he shared lots of golden nuggets that you can start applying today. Give it a listen here.
This week I want to challenge you to set aside 2 hours and write down all your monthly expenses to see where you can cut out to ensure your next famine cycle will be easier.
Since my goal is to provide as much value as possible in 2 minutes, I open a new section in The Free 3 Newsletter to share with you 3 bonus tools and resources I believe you'll like as well; here are this week's Extra 3:
- Diversify your client sources using some of these 30 Prove Strategies to find Clients I put together for you.
- Descript is the only AI tool you need to write, record, transcribe, edit, collaborate, and share your videos and podcasts.
- Blaze Today is a free browser extension that saves me hours by eliminating repetitive typing with the help of smart templates.
Until next week,
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