The freelance economy is booming and there has never been a better time to start a freelancing business. No matter what skills you have, there is a way to make use of the technological advantages we have today in order to make a living. Whether writing, coding, creating music, or offering any other service, by working smart, you are almost guaranteed to succeed.
However, most of us don’t have the luxury of being able to go all in from the start. We need monthly income to pay rent and buy food. A freelancing business is unlikely to take off in the first month – at least, not enough to provide the instant support you need.
The good news is that these days there are a number of ways to supplement your income while growing your freelancing business.
Try out the following.
Start investing
Do you have a bit of capital you’ve been saving for your first few months? It might be a good idea to try investing that money. You can find a how to invest guide here to see just how easy investing really is as technology does most of the work for you.
Instead of having to use guesswork or even your financial background to make investment choices, artificial intelligence uses endless data and complex algorithms to make accurate predictions for you. You can take an hour or two of your day to work on your investments and make good money.
The important caveat is that you must never use money you need for your day-to-day survival. Investing should be a considered activity, and treating it like gambling is only going to lead to you making bad decisions.
Get a part-time online job
Your dream is to create a thriving freelancing business doing what you love. But to get there you’re going to have to make some sacrifices. Rome wasn’t built in a day, and neither is any sustainable business.
When you start your business, it is a good idea to find yourself part-time work that guarantees you an income, even if it pays far less than you would like. There are many online jobs, such as content moderation, that require no experience and a variable time investment. They won’t pay well, but with whatever you’re making from your freelancing business, you should be able to survive until your business really takes off.
The whole idea of freelancing is that you set your own terms and work for yourself. It is most people’s dream. However, dreams require work and often need to remain dreams for a while. Often, compromising on your dream in its initial stages will ensure you don’t have to give up on it later on.
We’d all love to be able to work for ourselves. And in today’s world, that is a very realistic and achievable goal. But you’re unlikely to instantly start earning enough money to survive, and finding ways to supplement your income is key.
Don’t give up on your freelancing dreams. Take a chance, find multiple income sources, and before you know it your business will have taken off.
