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Freelancers can often struggle to make a stable income. There could be months where you’re able to secure many clients and make a lot of money – and there could be months where you’re unable to generate any business. This can make it hard to pay bills, save up money and make plans.
Fortunately, there are a few ways in which you can bring some stability to life as a freelancer. Below are just a few examples.
Consider joining an agency
Agencies can take the effort out of having to find clients yourself. A good agency is likely to attract lots of clients. The agency then distributes these clients among its agents (the freelancers). You can still pick and choose the work you want to a certain degree and you can set your own hours, so it’s not like working for an employer. The agency is likely to take a cut, so you may make less money per client than you would without an agency – but there’s more chance of being able to get work on a regular basis.
There are agencies out there for everything from graphic design to catering. It’s worth reading reviews such as this PHP agency review in order to find a company that is established and trustworthy. It’s worth also shopping around and comparing agency rates, as some agencies may pay more. Some agencies will prefer you to work full-time, while others may be happy to take on part-time agents, allowing you to still find your own clients on the side.
Focus on securing those big gigs
If you’d prefer to find your own clients over joining an agency, it’s best to focus most of your efforts on securing those big gigs rather than getting by on small Fiverr jobs.
High-paying clients can be harder to secure, but you’ll earn more money from each one. This allows you to more easily budget this money for longer periods.
Make weekly time to market yourself
As a freelancer, you need to constantly be marketing yourself in order to attract new clients. It’s worth scheduling weekly time to do this.
Marketing yourself could include emailing potential clients, running PPC ads, or improving your website.
Develop a passive income
A passive income is a form of revenue that you don’t have to constantly work for. It usually involves an investment upfront, but then you can sit back and let the money come in.
There are many different ways to generate a passive income. A few examples could include:
- Generating money through ad revenue or affiliate marketing
- Investing some of your earnings into peer-to-peer lending
- Renting out property or a room in your home
- Investing in dividend-paying stocks
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