I’ve had a lot of success in this business.
On the other hand, there were times when things went pear shaped
One thing I’ve learnt about freelance writing is that it definitely goes in cycles.
One minute you’re swamped with work…the next it’s crickets.
On top of this, clients come and go.
And in my experience this usually happens at the worst moment possible.
What you also have to realize is this:
Freelancing is, by its nature, a highly unstable business model.
It’s really a thing of feast or famine.
So if you’re just starting out (or you have hopes of doing this one day) then here’s a massive piece of advice: start building up your emergency fund. You’ve probably heard it said that you should have at least 3-6 months of living expenses saved. This is good advice, but a year is even better. In fact, you should actually go beyond this, and save up as much money as possible.
What’s more, learn to spend within your means.
Don’t blow every cent that you make
Better yet, create products which you can sell as a sideline to your freelancing career.
The bottom line is this:
You need a bankroll that will help you ride out the bad times.
Do this and you’ll survive long enough to make writing into a viable career.
P.S. Another big advantage of a bank roll is that it helps you deal with deadbeat clients. If you have money saved up then it’s very easy to dump a crummy client. On the other hand, if you’re desperate for money then you’ll have to take whatever you can get…