But there’s one key to making money that I fear I haven’t been very clear about.
It’s not that I’m trying to hide anything from you – I want you to be successful too! But it’s something that I have just kindof been doing all along and never really thought to talk with you about it.
So what’s the secret? I diversify my income.
Same ol’, same ol’
It’s really easy to fall into the same old routine as a designer. You find a client. You work on a project. You get paid. And then you start all over again.
But if you want to make more money and make money more regularly as a designer, you’ve got to think outside the box and find more ways to make some cash. And I mean lots of different ways. Not just two.
A penny here, a penny there
I have actually gotten to the point where my side-ventures make me more money than actually doing design work. I make money from blogging (both here at GDB and for other bloggers who are willing to pay me), I make money from affiliate work, I make money from referring some clients to other designers, and I make money from many other little avenues of income.
And the little bit of cash I make from all of these different avenues (blog advertising, sponsored posts, paid writing, consulting, referrals, etc) bring in a significant amount of cash each month.
Sure, I only make a little from each one of them every month. But since I have taken time to diversify, I have money coming in from many different places at once – and it adds up. Some people recommend budgeting software to help keep track of the different sources of income.
Don’t put your eggs all in one basket
See, here’s the trouble with relying solely on design projects as a source of income. What if your clients run out of money? What if you suddenly suffer a terrible accident and lose your site, or motility in your fingers?
Heaven forbid any of these things ever happen to you, but what if.
If you only have one source of income and you lose the ability to milk that source of income, you’re in big trouble.
How will you diversify your income today?
I’m giving you a challenge: Find a way to diversify your income as a freelance designer today! Don’t put it off. Don’t let it sit on your to-do list for months and months.
Find a way to diversify your income today and then share your decision with me in the comments of this post.
*Please note, in keeping with my advice, the link above to Quicken is a paid link advertisement and helps me pay the bills for this blog. Thanks for reading!