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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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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.

 

 

How to grow your social media 30 minutes a day

As an online entrepreneur, I pay attention to my social media platforms more than your average person. I like to have an account on the most popular social media platforms, and I am quite active on a couple. Social media is my bread and butter, so growing my following is important to me. Having said, I am not able to dedicate as many hours in a day to build my social media following as I would like. So I had to think outside the box. I am quite impressed with how I have grown my social media platforms but there is still room to grow, and I plan to increase my following significantly before the end of this year.

 

 

 

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How to grow your social media 30 minutes a day

So how do I grow my social media 30 minutes a day? Here are some things I do, you may find them helpful too!

 

Scheduling Tweets

I schedule my tweets on Buffer everyday. It usually takes me about 10 minutes to get this done. I always have my tweets ready in my head so I don’t  over think the process too much. Also, I am always manually tweeting when I get the time so my whole feed is automated. But being to schedule my tweets does help me grow my following massively. Using the right hashtags and images also help my tweets get some engagement. Plus Twitter is all about chitchat so I make sure I engaged with others everyday.

 

Facebook Promotion

I spend a few minutes a day on Facebook creating stories, replying comments and resharing relevant posts from other pages and creating ads. It takes me about 10 minutes to get all these done on Facebook. I also go in and out of the Facebook app on my iPhone as often as I can in the day, but I make sure I dedicate 10 minutes a day to get my promotional stuff done. Facebook reach can be tricky to get up but sharing your new blog posts in relevant groups does help.

 

Instagram

Now on Instagram, I spend a bit more time because I am seriously trying to go my following on it. I spend around 20 minutes a day creating stories, posting shots/captions, replying comments, liking and commenting on photos and researching hashtags. Instagram is such a competitive platform but I try to do me on there as much as possible. I make sure I don’t spend too much time on the platform though, as it is so easy to get carried away checking profiles out.

 

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Pinterest

I have fallen in love with Pinterest and I now spend around 10minutes a day pinning. Pinterest is an interesting social media platform and I love the fact that I have noticed a spike in my monthly unique and engaged viewers. My following is also gradually increasing on there and I am loving it. Plus it is so easy to manage once you know what you are doing. I always go in and out throughout the day on my iPhone and I pin as much as I can outside of the 10 minutes I dedicate everyday.

 

You don’t have to spend hours working on your social media platforms. Just start with a couple of minutes every day on each platform and see how you get on. It is more about consistency than the amount of time you spend. You doing the same thing everyday for a week will mean more than you spending hours on a platform on 1 day and not do anything else on it for a week. Consistency leads to growth on social media, so don’t give up!

 

How do you grow your social media platforms? Do you have any tried or tested tip to share?

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