Managing your money as a freelancer

I have been freelancing for almost 7 years now and I had to learn on the job. The many articles I read before and while on the freelancing journey did give me tips and tricks to help me as a freelancer, but none of them really prepared me for how to manage my money as a freelancer. When it comes to managing your money as a freelancer, you need to have your numbers head screwed on tight and quick or risk losing the plot. The life of a business owner can be a rollercoaster. You have to be prepared for the busy times as well as the not so busy times.

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Here are a few tips that should help in managing your money as a freelancer –

Set your prices

One of the first things I did was to set my prices. I have a fixed price for every service I offer. That way I don’t have to research or think about what price to give a client for a job. I know what I am worth and I do market research every now and again to make sure my prices are competitive.

Send out invoices

I know many freelancers don’t send out invoices to clients for various reasons but I always make sure my clients receive an invoice for every job. That way I have a trail of all my jobs, clients, and prices. It also makes submitting my tax returns easy since I have all the records in one place.

Take payment in advance

I like to take payment in advance where possible. That way I don’t have to chase payments (that is a job in itself). I appreciate clients that pay quickly and in advance. Going forward, I will be requesting to take more payment in advance. It saves time and effort.

Save for the rainy day

Most freelancers will know all about how busy work can be in some months and how quiet it can be in other months. I have been freelancing for a few years now and I know the pattern. My advice to not just the freelancers but every business owner is to save some money for the rainy day. Don’t spend all your earn, stash some away for when work is quiet.

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Don’t work for free

These days, I thankfully don’t have people asking me to work for free anymore. My work pays my bills and more, so working for free isn’t really an option. I know my worth and I am very quick to ignore anyone who questions it by asking me to work for free or for a ridiculous fee. I manage my money by not working for free.

At the end of the day, we are all different and we will manage our money in our own way. These are some of the ways I make it work for me. Being able to work for me for this long is a dream come true. It has completely changed my life for the better and I am grateful to be able to do all that I do. Apart from this blog which is my main source of income, I am also a Content Writer, Blogger Outreach Consultant, Social Media Manager, Blog Coach, Authour, and Vlogger.

How do you manage your money as a freelancer/business owner?

Why you should hire a copywriter

Running a business is very hard and can be time consuming. Which is why I see many abandoned blogs and websites with little or no content. Their owners are too busy running their business, and have forgotten to keep their websites updated. I know it can be hard juggling all the needs of your business, especially when you have no clue on how to go about writing engaging articles. This is why you need a copywriter.

A good copywriter will be able to easily create articles regularly in line with your business. I have been a copywriter for some years now, and many of my clients still wonder how quickly I can shoot a content idea over to them and get the article written a few hours later. The simple answer is because it is my job to do so.

 

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Here are some reasons why you should hire a copywriter –

 

It gives you time to run your business

This to me is the main reason why you should hire a copywriter. Once you hand over the content strategy to your copywriter, you can then focus on running your business. Creating constant quality content takes time and effort. So handing that bit over to a content writer will give you hours to do other jobs.

 

You can focus on what you CAN do

Many business owners are not copywriters. They have no idea on how to write engaging articles. Which is why they should hire a copywriter to do the job for them. This will allow them focus on jobs they can do properly.

 

A good copywriter can hep you rank on search engines

A good copywriter can write engaging SEO articles that will help you rank on search engines. This is good for business because your prospective customers will find your website a lot quicker. Generating organic traffic is very important and well written articles can do just that for your website.

 

 

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Your business gets a social media presence

Having a social media presence is vital for a successful business. A copywriter can help you have a social media presence. Many of them like myself are also social media managers, so you can get 2 services for the price of 1 if you are a good negotiator. A good copywriter/social media manager can help you create engaging content for your social media platforms.

 

Stand out from the rest

Hiring a copywriter will help your website and overall business stand out from the rest. It is one way of stepping ahead of your competitors because it means you are taking your business seriously. The best way to stand out from the many businesses online is to have amazing content. That already puts you ahead of millions. A well updated website/blog makes your business appear more present and trustworthy.

 

These are just a few reasons why you should hire a copywriter. You can always get in touch with me if you need copywriting services. My email address is – fashionandstylepolice@gmail.com, or you can drop me a line on Twitter – fashionstylepol

 

Thanks for stopping by.

 

 

6 Small Business Ideas for Bloggers

Blogging is hard work, and for some, it may be all for little or nothing in return. I always like to look at the big picture, and looking at the Blogging Industry, I know it will be around forever, but will continue to evolve. And that is why I keep thinking of additional ways of making money from home. Which has pushed me to writing this post about 6 Small Business Ideas for Bloggers. I hope someone out there finds this post and the small business ideas useful.

 

 

 

Small Business Ideas for Bloggers
Blogging Coach

The Blogging Coach field has taken off with a bang, starting from the US and now in the UK. There are so many coaches in various fields, and it may look like a saturated market, and it is, but I believe there is always space for Quality. For you to be a Coach of something, means you are a Guru in that field. It means you are successful in what you do, and you want to guide, inform and educate others on how to achieve the same level of success.

The issue I have with many Blogging Coaches and Coaches in general, is that many of them are not successful in what they do. You can’t teach me how to earn £3,000 a month from blog, when you are not earning half of that. The same way you can’t help me get up to 20,000 monthly views on YouTube, when you are only getting 1000 views a month. Many of these Coaches just sell the dream, and take your money. That is a scam, the success dream is free.

Before you pay a Coach to lead or mentor you, make sure the person has a successful track record in the niche. A good Blogging Coach would put the success where the mouth is!

 

Ghost Blogger

Apart from writing your blog, you could also write for other blogs as a Ghost Blogger. The way it works is, you write articles for other websites and blogs and the blog owners go on to publish the articles as their own, with no reference to you or your blog. I know a couple of people who are Ghost Bloggers and they make a decent income from it. If you are super creative and a good writer, this might be the best job for you.

 

Copywriter

I am a copywriter. I have a few clients I supply articles on a monthly basis, and I enjoy it. It is a great additional income stream, and it keeps me busy. Most of my clients find me through my blog and my social media platforms. I also find some clients on Upwork and People per Hour. It can be tricky to get paid what you are worth, but I know what I am happy to accept and stick to it. At the end of the day, the quality of my work speaks for itself, and I only target clients I know would appreciate my work and my rates.

 

Author

I wrote an eBook – How to Cash In as a Blogger, last year, and although I am yet to get rich on it. It has opened doors to loads of collaborations. I plan to write some more books in future, and I think it is a great way of having an additional income, if you have a great topic or theme to write about. It is unlikely you would get rich or even comfortable from your book sales, but it may open doors to greater things. It may also give you the credibility you need to excel in your other businesses. And it could also be a bestseller. You will never know until you try.

 

 

Vlogging

Many Bloggers are Vloggers, so YouTube is worth paying some attention, as there is a whole new market waiting to be tapped. I know many Vloggers many crazy amounts of money, some earning more than my GP. It is a field I am seriously contemplating getting into. If you are happy and confident being in front of a camera, this might be the right job/hobby for you.

 

Podcast

This is like the audio version of YouTube, and worth looking into if you have great content to share and you rather stay off the camera. Plus it helps if you speak well and have a great voice. I love the Pro Blogger Podcast.

 

These are just some of the many small business ideas available to bloggers. Do you find any interesting?

 

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