One of the distinctions between a newbie and an experienced freelancer is that the latter knows the importance of having multiple income sources. Being content with just a client or two ain’t the best plan of action if you’ve been thinking of freelancing full-time. Continue reading below for ideas on how not to put all your eggs in one freelancing basket!
Have clients from different backgrounds and industry
Apart from catering to multiple clients, consider having clients from different industries. What happens when one industry (say you’re writing for plastic surgery websites) collapses? You will still survive by writing for your existing clients from different fields.
Offer your skills for consultancy and coaching
You’ve probably been asked by your non-freelancing friends and relatives as to how you started with freelancing and how they can do the same. Why not capitalize on it?! Start either with a one-on-one or small group coaching session. You can teach them the basics such as how to hunt clients online to the specifics of their field like how to improve their Photoshop skills, writing for SEO, etc.
Create a product
As a freelancer, you get paid for a certain service and repeat the same thing upon requests from your clients. If you think you can create a product out of these services, make them by all means.
As a freelance writer, you write articles for clients, right? Why not find time to write an eBook instead? Create templates of your website designs if you’re a designer. Podcasts, DVDs, and other forms of instructables are also an excellent idea.
Start a blog
Of course, a blog is your own personal space online and this is where you get to show off (and sell!) your wares.
How about you? How do you make sure that you have a diversity of freelance revenues?