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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?

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What You Do – & Don’t – Need To Be A Successful Freelance Writer

*Collaborative post.

To be successful as a freelance writer, you need to have a particular set of skills. It’s not all that hard to be successful as a writer: contrary to popular belief! However, you have to have the right skills, the right level of creativity – and it would help if you had a good grasp of the language in which you are hoping to write. When we use the word successful, we don’t necessarily mean in terms of cash; we mean that you can see a steady stream of work based on the fact that people are impressed with you and what you can do.

There are several skills that you need to write as a freelancer, as we mentioned, and it’s so much more than you think. So, we’re going to talk through the skills that you need, as well as the skills that you don’t need, to be a successful writer.

 

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What You Need To Be A Successful Freelance Writer
  • You Need To Be Able To Write

It’s simple, but it’s true. It would help if you had some ability to write clearly, fluently and without too much waffle. Of course, depending on the topic, a little waffle is to be expected! However, it would help if you thought of writing as a craft which you must hone. You can learn to write, but it’s a little more about having a natural talent for it than anything else. You don’t have to aim for perfection with your work; what is perfect writing, anyway?

 

  • A Passion For Writing

While some people turn to content writing as a freelancer, they don’t have much of a passion or a desire to write. Most writers cannot explain to anyone their process. How do you tell someone that you can’t articulate the words you want to write, but that your hands know what to say? It’s because those with a real passion for writing have an instinct for the words which flow through their fingertips. You need this. You don’t have to love every topic in front of you, but you do have to be able to write that topic well. 

 

  • A Space To Work

The beautiful thing about freelancing as a writer is that you can bring your writing anywhere. You can sit in the park with your laptop, lounge on the beach with a tablet and you can even just sit at the dining table at home while you can. Ideally, if you’re going to do this professionally, you’re going to need a space to work. You need to be able to have the best software for your writing, with updated computer equipment. It would help if you also had an excellent smartphone to communicate well with your clients. There are plenty of packages out there, and you can refer a friend and get one month free SMARTY when you do. So, if you know other freelancers out there looking to stay connected, get in touch with them, and you both get something for free. Equipping your space is so necessary, so make sure you have the right writing tools from the start.

 

  • A Willingness To Market Yourself

You may not have much confidence in person, but behind the written word, you’re a powerhouse, and you know what you’re doing. Your professionalism and your confidence shines through the way you wrap your words around a given topic. You are a business, and you are your own selling point. As a writer, you need to be comfortable enough to market yourself, and that takes time to learn how to do that.

 

  • The Ability To Accept A “No”

Now, rejection is supposed to be a bad thing. In the world outside of writing, rejection isn’t exactly positive. However, as a writer, you will get far more rejections than you will accept in the early days of your writing. This isn’t something that should devastate you. Instead, ask for feedback; what was it about your writing that wasn’t right for the job? Learn from the rejection and move on.

 

  • Perseverance

Oh, boy, do you need to know how to keep going! If you are fortunate enough to get a role with a company with regular work coming in, you still have to think on your feet with other positions. As a freelancer, your job is never guaranteed, and it can change day by day. Instead of sitting back and letting workflow to you, stay active and keep your name circulating so that people are aware that you are writing and ready to go!

 

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What You Do Not Need To Be A Successful Freelance Writer

Now that we have discussed all of the things that you need to be successful as a freelancer, there are some things that you don’t need to worry about. Shall we take a look? 

 

  • You Don’t Need To Know It All

So much of writing comes from just, well, writing! You don’t need to know how to build your own website, and you don’t need to know how to write about every single topic in the world. However, you do need to know how to research your work and how to put out a good query letter. You don’t need to build your site when there are so many other professionals out there who would be more than willing to help you to do it! It would help if you trusted that you know more than enough to be successful.

 

  • You Don’t Need Unlimited Support

While it’s a beautiful thing to have, you don’t actually need everyone in your life to agree with you that freelancing is the way to go. People won’t, and that’s okay; you can’t help them with their wrong opinion about how you live your life. Content writers are kings in an online world. So, go out there and prove to everyone that you have nothing to prove. It’s so satisfying!

 

  • You Don’t Need To Fear Rejection

People will tell you no, and that’s something that you have to get over really fast if you want to be a writer. Don’t fear it; let people reject and learn from it – as we mentioned earlier.

 

  • You Don’t Need Hours Of Free Time

Writing is a passion, and you don’t need to wait until the perfect moment to start writing. You don’t have to wait until the kids have grown up and moved out. You only really need time that you want to dedicate to it, and that’s it. You will always find the time to write. 

 

  • You Don’t Need To Be Perfect

Lastly, you do not need perfection. Writers are naturally critical of their work, and you should be confident that the articles that you are putting out are what your client needs. There is no such thing as perfect!

 

Now you know how, what are you going to do about it? Go and chase your freelance dreams!

 

8 Ways to Train your Brain to Write Everyday

As a freelancer, writing forms a major part of my work activity. To keep Fashion and Style Police up and running, I need to make sure that there is a steady flow of content everyday or almost everyday. I also have to do a good amount of writing for my clients, so I am always writing.

 

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What has helped me in creating content consistently is my habit of writing. Let’s face it. No matter what medium you use in your business, writing will always form an important place in your life. This is a skill that does not come by chance. The greatest bloggers or freelancers we have now are diligent writers. They make it a point of duty to write everyday.

If you’ve not been the type who writes consistently, then this post is just for you. Here are 8 ways you can train yourself to be a real content machine.

 

Set aside a specific time everyday to start writing

Sometimes it is only when you have a specific time of the day to write that your creative juice flows. If you are the type who wakes up early in the morning, then let writing be the first thing you do before anything else. The same goes for if you are a night person. Or you can get super specific by setting a particular time in the day like 2pm everyday.

 

Keep your writing materials near by

You may have the desire to write everyday, but when you know that you have to walk a distance before you can write something down, there’s a high possibility that it will cool you off completely.

Keep your writing materials close to you so that you can be more motivated to write. Put a notebook and a pen near your bed or make use of the notepad on your phone, that is what I use 90% of the time.

 

Get an accountability partner

Having someone who can keep you accountable will help you write more often. Tell a friend who can keep you accountable and check on your progress everyday. This will keep you on your toes everyday. You wouldn’t want to disappoint that friend of yours, would you?

 

The Writer

 

Come up with a list of things everyday

I heard about this tip and it’s quite effective. Come up with a list of 10 things everyday. For example, “10 ways to sleep well” or “10 travel ideas you can try out”. These lists will help you push your mind to build content around your ideas. No matter how long or how short your list is, it will get you in the mood of writing.

 

Keep a journal

A journal is where you write events that happen to you on a daily basis. What better way to get in the writing mode than by keeping a journal? Write something about what happened during the day. It’s not always a must to be able to write something relating to your business everyday. It could be on personal things. The idea is to keep writing.

 

Have 30-day challenge

Challenges get you in the competitive spirit. The idea is to be able meet a target. What makes this effective is, if you could make your 30-day writing challenge public. Share your progress everyday with your friends on Facebook or Twitter and even on Instagram. When you share your progress with your audience, it keeps you publicly accountable.

 

Mark your calendar

This is an easy exercise that will keep you going in your writing efforts. Have a spare calendar. Each time you write something, take a red marker to put a big X on the day. Try this the next day and then the next. The aim is to not break the chain of red Xs. Since you do not want to break the chain you will be more eager to write. It works!

 

Aim to write a certain number of words everyday

Start with 100 words a day. 100 words a day should take you less than 15 minutes to write. Train yourself to write 100 words everyday. Do this for 30 days. Before you know it, it will be a part of you. The day you skip this exercise, roll it over to the next day. For example, when you miss one day, that means you will have to write 200 words the next day. That will serve as punishment whenever you miss a day.

 

Do you write everyday? How do you train yourself to write?

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