Some people are just freelancers at heart. They enjoy the freedom of choosing what they'll work on, the variety of work, the opportunity to work with different people, often the chance to work at home, and many other benefits. But there's the good with the bad, and often that includes dry spells mixed in with being overworked.
Here are some tips for maximizing your freelance income, whether it's for blogging services, copywriting, design, SEO or something else. The bulk of these tips are gathered from my own experience as a long-time freelancer, but the references are skewed towards some of my favorite freelance and blogging-related blogs, as well as a few of my own posts on various blogs.
1. Don't accept all work.
If you're not going to enjoy it, or the project rate is high but the equivalent hourly rate is low, then think twice before accepting. Also, some clients just require too much of your time for too little return. (I.e., remember the Pareto Principle.)
2. Leverage your research time.
If you work in a certain niche, without conflict for multiple clients, you can often research for mutliple projects at once. For example, if you're writing feature articles on the same topic for two or more clients, you might be able to research online for them simultaneously. Assuming you are paid by the article/ project, they will hardly care that you got work done faster.
3. Recycle your efforts.
If you've collected enough notes sufficient for several articles on a topic, or sketched multiple designs for several logos, or whatever, recycle that effort. Can you produce several distinct works that could be sold to anyone besides the client in question? Or can you give these away on your blog? That in it itself would display your abilities and potentially draw future clients, for just a bit more effort.
4. Have multiple income streams.
Building multiple income streams can go hand in hand with recycling your efforts, or it could refer to having other means of revenue that do not take you away from your main business.
5. Learn proper multi-tasking.
A lot of bloggers are slamming multi-tasking, but it's worked for me for a long time. You just have to multitask properly and apply it where it can be applied (non-physical work). It's especially useful if you're juggling multiple projects. Multi-tasking is efficient handling of simultaneous tasks, not tasks done at the same time. There's a huge difference. Read the rest of this entry