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How to Survive the Quiet Months as a Self Employed

The earning potential of a freelancer or self employed is limitless, unlike being an employee. As a self employed person you determine how much you want to earn so long as you back it up with the work that will make that figure possible. In a 9 to 5 you’re only entitled to a fixed salary from month to month.

There are pros and cons for each career path, so it all depends on what matters to you. Working from home works for me and my family at the moment, and I don’t see that ever-changing. I enjoy my work and the flexibility it brings. Plus, I make more money every month than I did at my previous traditional 9 – 5 job.

 

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Although being self employed is great, there are times when you face those dreaded quiet months where the inflow of projects or gigs is slow. This can pose a challenge in your life. However, if you’re prepared for those quiet months you’ll be unperturbed when those months knock at your door. Here are some quiet months survival methods for when you are struggling with new ideas to bring in money.

 

Survival Tip #1: Plan ahead

As much as planning for success is important, you should also factor in moments when things may not work according to plan. That’s where most self-employed miss it. They don’t expect that anything can go wrong, but that’s nearly impossible in real life.

Have a list of all the things you want to achieve next month and how you will make them happen. Now on another list write all the mishaps that could probably happen and how you would get over the problem.

This little exercise will give you a realistic perspective of your monthly goals as well as a road map out of possible things that may go wrong. The idea is not to focus on the negatives but rather help you make necessary improvements to smash your goals.

 

Survival Tip #2: Contact previous clients

Clients are the livewire of your business. So, if you’re having quiet months then you have a problem. The good news is that you don’t have to go very far before you can get clients.

One of the ways to get clients to patronize you is to reach out to your previous clients. Ask them if they have any projects you can help them with. Give them offers that will make them come back.

If they aren’t ready to hire you for the month, don’t stop there. Ask them if they know anyone who would need your service or product. You’d never know how many gigs can come out from just asking. Reach out to various corporations and see what happens.

 

Survival Tip #3: 10X your outreach

During those dry spells, you have to put yourself out there constantly and consistently so that more people can know about you and the products and services you offer. The more people know about what you do, the higher the chances that someone will buy from or hire you.

There are so many ways you can put yourself and your business out there. You can join meet-ups or other networking events and connect with people. Guest posting to showcase your expertise and attract your target audience is another great idea. You can help your target audience with problems or questions they have as a way to let people know what you can do. Pitch to companies or small businesses you can offer your services to.

 

Survival Tip #4: Promote on Social Media

Never estimate the power of social media. With the help of social media, you can be based in the UK, but still reach people as far as Detroit or from China. Ensure you always promote your business on social media. Make use of the social media platforms that work best for your kind of business and get the word out there.

 

 

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These survival tips are tried and tested by me, and have worked beautifully for many years now.

How do you handle the quiet months in your business? Do you have any tried and tested tip to share with other self-employed persons? Please drop a comment in the comments box below.

If you enjoyed reading this post, remember to share it on your social media platforms.

 

*Collaborative post.

 

 

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Training For A Career In Your Own Time

The idea of a career. It’s something so many people go in for during their youth, studying as hard as they can to make sure they get the degree of their dreams. And then you add another line to your resume and get turned away from jobs you’re told you’re not experienced enough for. It certainly doesn’t feel fair, and truth be told it isn’t!

So when it comes to carving out the career of your dreams, a lot of people like to turn towards freelancing; it’s liberating, you work your own hours and jobs. And you only pick up what you know you’re capable of. However, there’s many ways to boost up your skills (and your confidence) when you take your time training in what you want to do! And here’s a couple of great ways to do so.

 

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Use an Apprenticeship

If freelancing is not quite the thing for you, and you still want to give it a go in a traditional place of work with the dreams you’ve always wanted to accomplish, see if there are any apprenticeship or traineeship programs available. This way you earn and study whilst on the job. There are always nationally recognised programs to apply to, so you don’t have to worry about the legitimacy.

Apprenticeships are also easier to get a hold of considering the amount of placements offered both on large and small scales, and even an internship won’t go amiss here. Just make sure you’re never doing any payment requiring work during one! You’ll get some much-needed experience, a great friend in the shape of an established employer. You will also get plenty of references to take you higher and higher.

 

Head Online

On the other hand, if the online world is your oyster, make sure you’re putting it to good use. It’s there for everyone to use after all, and when you’ve a wi-fi signal at your disposal, there’s so much you could do. For example, you can easily find an Online BBA Program to invest your time and effort in, and you’re going to come out of the other side with a degree that’s nationally recognised.

And you can usually complete these programs in your own time. So don’t underestimate the power an online learning system can give you. Or you could simply go online to find people just like you, to share advice and concerns. And to find the people who are searching for someone like you to fill a position they have open. It could be a simple commission or a full-time job, and it’s just waiting for you to apply to it! Look for sites that collect these openings together and apply to every ad you see; it could turn out well.

Training for a career is never something done lightly, but it’s something you can absolutely do. If you’re striving to get what you want at the end of the day, you’re doing a good job with the baby steps you feel like you’re taking.

Are you training for a new career? How are you finding it?

 

*Collaborative post.

Freelance Careers for the Financially Savvy

 

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Working from home is the ideal for many people because it allows us to have the best of both worlds. You have a source of employment that you enjoy and the income that comes along with it, and you have the freedom to work from home to your own schedule (most of the time) with no more long boring commutes to deal with – it’s pretty great. Which is why freelance careers are amazing. 

If you’re someone who has a strong head for figures, one of the best ways to earn money as a freelancer is by getting into the financial sector. You wouldn’t necessarily think that there are many finance-related jobs you can do as a freelancer, but that is rapidly changing and there are plenty of rewarding options for the financially savvy amongst you…

 

Day Trading

Day traders are people who buy stocks, hold them for a short amount of time and then trade them on again, often making multiple trades in minutes, hours and certainly days. All you need to do this job – and I use the term loosely because it is much different than most jobs – is a decent amount of capital to get you started and a detailed knowledge of the stock market. Sure, you don’t have the much in the way of job security, but you have the potential to earn hundreds, even thousands of pounds each and every day and far more flexibility than you’d get with most other jobs, even freelance ones. I won’t lie and say it’s an easy thing to do, but if you have mental and emotional stamina, serious financial savvy and a working knowledge of the markets, it can be an extremely rewarding career choice.

 

Bookkeeping and Accounting

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You’ll need to train and get qualified to do this, but thanks to the abundance of affordable and flexible online masters in finance, accounting, etc., this shouldn’t be too difficult, and if you love working with figures it will definitely be worth it. More and more small and medium-sized companies, in particular, are hiring bookkeepers and accountants on a freelance basis to keep their costs down and this means there are plenty of great opportunities out there to pick up clients and earn a regular income in the finance sector.

 

Financial Writing

If you’re as good with words as you are figures, then a career as a freelance financial writer would be the right move for you. Experienced writers in a wide range of topics are always in demand now that the internet has us all reading so much more, so it really isn’t difficult to find work writing about personal finance, investments, banking, cryptocurrency and so on. Of course, if you don’t want to rely on others to give you work, you could even set up your own financial blog and try to make a living that way – blogging really is the ultimate in career freedom in the internet age!

 

Do you work in the finance industry as a freelancer? What is it you do? Do you like prefer freelancing to a regular 9-5?

 

*Collaborative post.

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