Additional Streams Of Income For Freelance Writers

If you are new to freelancing, finding and maintaining a client list is probably your top priority but I wanted to let you in on another little secret today and that is additional streams of income for freelance writers.

Let’s say you have been freelancing for a couple of months, maybe even a year. Things are going great and you’ve built up a steady stream of income from your clients. You have two maybe three high paying clients that you work with each month and things couldn’t be better. Now here’s where this post takes a twist. I want you to imagine a different scenario for a moment. I want you to ask yourself this question.

What would I do if my top three clients stopped needing work?

Can you picture it? Can you see what this scenario would do to your income? Would you still be able to pay your mortgage? Would you still be able to live the life you are enjoying? What would really happen to you if these clients disappeared?

You see, while it’s a great thing to have a client list you need to realise that as a freelance writer your clients shouldn’t be your only source of income. You should have some additional streams of income too. My latest e-book which is due out at the end of July is titled “Additional Streams of Income for Freelance Writers” and in it I share with you four alternative sources of income that I have every month. These additional streams of income provide me with a minimum of $400 each month and could do the same for you.

In an earlier post this week I mentioned how important marketing is for freelance writers but if your income relies solely on your clients work then where will you get the time to market.

Relying only on clients means that you will need to keep your client list full in order to maintain your income. If on the other hand however, you have an additional income stream that will allow you to take some of your time and devote it to marketing. Remember the end goal for every freelance writer should be to have work come to them. You should be working towards having clients queuing up for your writing services and never having to look for work.

All this is only possible through marketing and getting your name out there. Having additional streams of income will create that marketing opportunity for you. If you have an additional $400 per month couldn’t you afford to take an hour away from your client work each day to spend on marketing instead?

Building additional streams of income is important and especially so in today’s economy. You never know when your client work will dry up and the last thing you want to have to do is return to a 9 to 5 job.

The additional streams of income that I talk about in my new e-book can be achieved by devoting an hour each day to the four different methods that I describe. Believe me it really is worth it and something that you should be thinking about. Maybe you already are, maybe you already have additional streams of income and if you do that’s great. Do they work for you? Are you making a lot of money with them? How important do you think additional streams of income are? Share your thoughts here and be sure to keep reading daily because the end of July is drawing near and I promise my Hidden Writer readers will get the first chance to get their hands on my new e-book and at a discounted rate too.

Until next time,

Keep writing
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