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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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How to create income as a blogger

Blogging gives me so much joy. It has literally changed my life for the better in all areas. I am happy with the freedom and flexibility my job gives me. It has allowed me work from home, and care for my growing family. Blogging has also opened my eyes to other ways I can make money online, working from home. 10 Years ago, I didn’t know what blogging was about and didn’t read any blogs.

So much has changed in the last few years. I now know so much about blogging, thanks to running Fashion and Style Police for over 6 years. In this last 6 years, I have set up another blog and shut it down after running it for a year or so. I have written a book – How to Cash in as a Blogger (available on only Amazon as eBook). Also, I have become a Copywriter, Social Media Manager and Blogger Outreach Consultant. I have also set up a YouTube Chanel which I plan to work on some more this year.

 

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Over the years, I have learnt various ways of creating income as a blogger. I have played around with many of them and these have been the most successful for me –

 

Sponsored Posts

This happens when brands pay you to write about their products and services. Sometimes, SEOs are only after a link to their client’s website in the post and are not too bothered about how you word the entire post. I earn a living by publishing sponsored posts on this blog. Sponsored posts bring the most income for me.  Brands contact me most of the time for sponsored posts. Sometimes I indicate interest when I see a tweet or Facebook post requesting bloggers for a campaign.

 

Ads on Social Media

I make money on social media by posting ads for brands. Sometimes, the brand may have a social media campaign, and after accounts with a certain number of followers/engagement. Most of the time, social media ads are requested together with sponsored posts, but a few times, they come standalone. It is worth growing your social media platforms with real followers and engagement if you plan to monetising them.

 

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Affiliate Marketing

Another great way of making money as a blogger is through affiliate marketing. I have used quite a few and made some money off them. My current favourite is the Amazon Associates. It is working so well for me at the moment. There are so many great products available on Amazon, which means many different opportunities to make money.

 

Banner Ads

I make some money thanks to Banner Ads. I am signed up with WordAds, and I am happy with the income I am making from it. I also have banner ads I run for other brands outside of WordAds. It is a great way to make money once your blog is established. I usually agree on a fixed fee by month with private clients.

 

Selling Products and Services

I have found various copywriting, social media management and blogger outreach clients thanks to my blog – Fashion and Style Police. Many of my clients have found me one way or the other thanks to my online presence – through the blog or social media platforms. I also send blog readers to my   eBook – How to Cash in as a Blogger on Amazon. If you have a product or skill to advertise, having a blog will definitely help you get the word out there.

 

How do you create income as a blogger?

 

Mothers Day Gift Ideas

In the midst of the unbelievable weather with the Beast from the East, and Storm Emma, we need to remember it is Mother’s Day next week Sunday. Are you ready with your gifts for mum? If you have not decided what to get your mother for Mother’s Day, then you are in luck. Here are some Mother’s Day gift ideas for you.

 

Give the gift of a book

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I love reading and would appreciate a good book as a gift. If you know a mother trying to break into the blogging industry, then my ebook – How to Cash In as a Blogger would be a great gift idea.

“How to ‘Cash In’ as a Blogger” is the definitive go-to guide that sheds light on the rather unconventional world of blogging. It is definitely worth a read, especially for new bloggers. You can grab this for £3.44.

 

Give the gift of jewellery storage

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This Personalised Rose Gold Glass Jewellery Box from Find Me a Gift is a great Mother’s Day gift idea. I love the fact that it is rose gold in colour, and the personalised touch makes it even more special.

 

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I am so in love with this jewellery box. If you like, you can grab one for £29.99.

 

Give the gift of detox and cleanse

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I recently came across this Himalayan Salt Soak by Isla Apothecary, and I think it would fit in nicely into a well stocked Mother’s Day hamper for a special mother. This product contains trace minerals that accommodate nutrient absorption, improved circulation, balanced body pH, and lymphatic drainage, with grounding and uplifting essential oils.

 

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I am badly in need of some detoxing and cleansing, and I know I am not alone. You can grab this from £21.

 

Give the gift of a fragrance

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If you are on the hunt for a lovely fragrance to gift mum this Mother’s Day, then you need to check TERRE DE LUMIÈRE EAU DE PARFUM by L’Occitane. It smells amazing and stays for ages. I have been using mine for weeks now and I am super in love with the fragrance. It comes beautifully packaged too!

 

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PERFUMERY NOTES

Top notes: Amber, Pink Pepper

Middle notes: Honey, Lavender

Base notes: Acacia, Tonka Bean

 

You can grab a 50ml bottle for £59 or a 90ml bottle for £79.

 

What do you think of these Mother’s Day Gift Ideas? Are you sorted with your presents yet?

 

*PR samples

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