Working as a freelancer offers a lot of freedom and flexibility, but it comes with its share of hardships. You might get to go to work in your pajamas, but unlike your friends working for corporations, you have to hunt down every paycheck you earn. The worst part? Some clients may be late paying you, or they may not pay you at all.
Talk About Payment First
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When a client wants to hire you for freelance work, one of the first things you need to talk about with that client is payment. You should discuss payment while you’re discussing the scope of the client’s project, because the two things are directly related. Let the client know how much each aspect of the project will cost, and how much the cost will be if the project grows larger.
Have the client sign a contract detailing the terms of the project, the payment expected, and the payment dates. Many bloggers or creatives ask for some amount of money up front. If you’re new and don’t have much of a portfolio, you may not feel comfortable asking for money before you’ve provided work. In this case, complete part of the project, and then send an invoice for that percentage of the price. That means if the client turns out to be hard to collect payment from, you haven’t devoted a week’s worth of effort on work you won’t be paid for.
Create an Upfront Invoicing Policy
Every freelance blogger needs to create clear, direct invoices. Many things need to show up on your invoice, some of which you may not currently be including. These are:
- Your logo
- Your address and contact information
- The invoice due date
- The time frame in which late fees start accruing
- The work that has been completed
- How you receive payment
You can develop a template with some of this information on it, either via a payment site like PayPal or by making your own. Being specific with how much each part of a project costs is helpful, too. If you spell this out for the client at the start of the project and then show them on the invoice, they’re less likely to quibble with you over costs.
Charge Late Fees
You’re a small business, and chances are it’s very inconvenient when you don’t get paid on time. So, charge late fees, and don’t feel bad about it. Plenty of businesses charge late fees. As long as you let clients know off the bat what your late fees are and how long you wait before you start charging, you’ve got nothing to lose. Plus, this lets clients know you’re serious about getting payment on time and that they shouldn’t try to take advantage of you.
Stop Doing the Work
Have you ever stopped paying your utility bills? The utility companies eventually cut off your services. If a client hasn’t paid you, and you still have outstanding work to send, don’t send it. Don’t do any more work for that client. If the lack of payment puts you in a bind, you can always look into payment options like factoring, which at least gets some of that money into your hands.
Send the client a firm message that you will cease working on projects until you receive payment for the work already completed. That way, at least you don’t waste additional time on an account that’s never going to pay you.
Send Invoices in a Timely Manner
Some businesses send out invoices on a certain day of the month, or every two weeks. This is a mistake for several reasons. First, you deprive yourself of payment for days before even sending out the invoice. Second, it gives the client time to forget about paying you between when you deliver the project and when you send the invoice. Third, if you’re only invoicing for part of a project, you’ll probably start the next piece before invoicing for the completed portion. So, send invoices within 24 hours of project completion, while it’s fresh in both your and the client’s mind.
Send Reminders Before and After Invoicing
Friendly reminders help you get paid faster without annoying clients too much. If a client hasn’t paid within a week, it might be because he or she handles bills on a certain day, or something similar. A reminder will put your bill back to the forefront of their thoughts, especially if late fees are on the horizon. By the way, keep sending those reminders. One might not cut it. Increase the frequency if the payment continues to be late.
Before you send a new invoice containing late fees, notify the client that he or she has 24 or 48 hours to pay the current invoice without the late fees. If this is someone’s first time with a late payment, be kind in your reminder. Assume the person isn’t intentionally forgetting to pay you.
Some freelancers who do ongoing work for clients send reminders before invoices show up. That gives clients time to get payments together or to put invoices on their payment calendars. This tactic doesn’t work with every client or every type of client, but it can be helpful if you’re dealing with someone on a long-term basis.
Set Credit Limits
Credit cards don’t enable just anyone to charge unlimited amounts of money. You have to build up to that spot, and many people never get past a very low credit limit. Adapt that strategy to your payment policy. When taking on new clients, let them know that you only do a certain amount of work before you ask for payment. This is their “credit” with you. The longer someone works with you, the more credit you can allow them to build up.
It’s tempting to get angry with clients who don’t pay, but remember that you must stay professional. Yelling at someone isn’t going to make him or her pay you any faster, no matter how satisfying. Keep sending those reminders, and keep a list of the clients who pay on time every time so you can work with them more in the future.
Tips To Start A Passive Income Business From Home
Passive income refers to revenue that is earned without having to maintain or monitor your work regularly. Although this might sound like music to your ears, you still have to commit a lot of effort upfront to make it work. There are multiple ways that allow you to earn passive income. These include the following:
- Investing in the stock market
- Selling ebooks
- Creating online courses
- Selling products with longevity
- Starting a blog
- Creating applications
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When done properly, passive income can increase your earnings for the long-run. Thus, if you’re looking to gain a passive income stream, below are tips that will help you get started:
- Cater To The Needs Of Your Consumer
A product is of no value if it doesn’t cater to the needs of the consumer. You can have the most intricate product of all, but if it doesn’t solve a problem or need, no one’s going to buy it. When you start building your passive income stream, you have a relatively smaller consumer base. Thus, you can create a personalized approach, allowing you to grow a consumer base that’s connected to your business brand.
So, how do you cater to your target market’s needs? Find out a lot of information about them, then use that research to create a product that’s tailored to their needs. Create ideal customer profiles whom you think would benefit a lot from your product.
If you already have existing customers, you can use the information you’ve obtained from them to create personas. You can even conduct a survey to know more about them. Another thing you can do is to check out the consumer base of similar businesses. Make sure that your buyer personas or customer profiles include essential information such as demographics, location, interests, needs, goals, and shopping behaviors, among others.
- Be Patient, But Also Be Persistent
A lot of people assume passive income streams don’t require a lot of effort. However, if you want to become successful at building one, you have to put in your time and energy. Once you begin your journey, don’t expect to pull in a massive amount of revenue immediately.
It takes either money or time at the start to create something valuable that people would want to buy. By being both patient and persistent, you’ll be able to create products that people will love since you’ve put your soul into what you’ve created.
There’s no such thing as an overnight success. That’s why you have to keep grinding until you reach a point where the passive income works in your favor. This type of income stream can be a great way to keep cash flowing while you’re sleeping. However, it is important to note that it still necessitates time, work, and even money upfront.
- Rewire Your Thought Processes From Active Income To Passive Income
Our parents, the education system, and the entire culture are based upon the thought of active income. People are used to the thought that you have to work to earn money. When you need a higher amount of income, people tell you to get a side job. They don’t tell you that you should build your own business.
That’s why you have to rewire your brain. For instance, are you an expert at playing drums? Don’t think about teaching lessons from the comfort of your own home. That’s actually an active income stream.
Instead, think about creating online courses on how to play drums. Or you can create a YouTube channel that gets revenue from ads. That’s how passive income works. You do the work upfront, and you get paid many times over.
- Be Realistic When It Comes To Your Goals
You won’t develop a sustainable income from just working on your passive income stream for a few weeks. It doesn’t work that way. It would certainly be nice if it does. But still, you have to put in a lot of effort.
When you’re just starting with your first passive income stream, you need to set goals, and realistic ones at that. For instance, you can try to achieve $100 a month worth of earnings. Start from there and work your way up. Don’t worry; this will be a fulfilling journey. Don’t compare it to a sprint.
- Spend Your Money Responsibly
The saying “You need to spend money to make money” holds some truth. For instance, if you want to invest in the stock market or peer-to-peer lending groups, then money will be required upfront.
However, with advanced technology nowadays, you can start with little to no capital. An ebook that is poorly written or a dropshipping business with no strategy won’t give you a successful passive income stream. However, looking for smart ways to spend your money can help you on your journey.
Think big but start small. Have a plan for every expense you have to shell out. For instance, once you spend money, think about the return it will give you. Think of ways that can help you realize if your passive income business actually became successful or not. In the long run, you should eliminate expenses that aren’t necessary. You’re in the passive income business to make money, not lose it.
- Give Yourself An Ample Amount Of Time
When it comes to business, not every idea works out. However, it takes a while to know whether it’s high time to quit or to continue. Maybe you have created an excellent product to sell on Amazon, but you have little to no sales.
It might be due to various reasons. For instance, you probably haven’t learned search engine optimization (SEO) on Amazon. Or you’ve never learned marketing. It could also be possible that no one really needs your product.
Whatever the reason may be, it will take quite a bit of time for you to pull something off. Determine how long you’re actually willing to try a business venture before you think it’s going to be successful or not.
Starting a passive income stream is a great way to pull in cash while you sleep. However, it still requires time and effort upfront. Before you opt for a new business venture that might rake in money while you’re on vacation, think about the tips above. This way, you’re on the right track to developing a viable source of passive income.
7 Skills to Develop and Generate More Income as Bloggers
Making money is one of the main reasons many bloggers blog but the sad reality is that many of these hard working bloggers end up being so broke whereas there is much money to be made online.
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I have been blogging for over 6 years and the biggest reason I see many bloggers failing is the fact that they have just no skills. It’s not enough to create a beautiful blog and host it on a powerful server. There is more to that.
In today’s blogging industry, things have become more tightened. You need to really stand out to make a difference in the market. Almost everyone is doing the same thing to make money and if you have to be tagged with success, you must go extra miles.
We’ve read a lot about Affiliate Marketing, Direct and contextual advertising, Sponsored posts, etc. Some don’t believe these methods still work because they’ve tried out to their bones with no results. Here are a few tips to help you do something extra and earn an income.
7 Skills to develop and make money as bloggers
1 – Develop your writing skills
This is obvious!
If you are a blogger who doesn’t work on your writing skills, you should expect nothing in the present market.
Initially, we succeeded writing articles of 300 to 500 words. Today the whole game has changed. We now talk about going in-depth. Ranking in those early days with your short article in Google was a day’s job. In today’s content world, you’d be lucky to be indexed with shallow content.
Think about keyword stuffing. That worked powerfully well in the past. And it was easy to sprinkle your keywords around and rank well. Today it’s a different language. If you don’t understand and speak semantic web, you’ll be completely relegated.
You need to constantly develop your writing skills to go near success in today’s Internet business. If you are found to be a good writer, it would be easy to quickly pick writing jobs and be paid a good income.
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2 – WordPress Development skills
WordPress is the most used Content Management System today. It powers over 30% of the websites on the Internet. This says a lot if your thinking cap is on.
Though WordPress development requires some extra amount of work, it’s worth investing in it. There are many areas in the WP development business you can develop your skills in and stand out in the job market:
- WordPress theme development
- WordPress plugin development
- WordPress Security
- WordPress learning courses
- WordPress Hosting
- WordPress Installation and Setup
This skill actually generate extra income for me. Having deeply developed the my WordPress knowledge, I offer the service to my readers and get paid per site installed and setup.
3 – SEO skills
There is a huge demand for SEO experts today for SEO jobs beginning from creating SEO friendly content to link building, Auditing and ranking for simple and complex keywords.
Many SEO professionals I have worked with are bloggers. If you give yourself a bit of time and take the challenge, you’ll soon be offering SEO services and getting paid for.
4 – Graphics design
It does not require any serious thinking and meditation to understand that the virtual world is largely graphics. From content marketing to social media marketing, it’s hugely graphics.
The demand for logos, Facebook cover images, Twitter, Pinterest Pins, eCovers, eBoxes, Infographics, etc is on the rise. There is a massive market for these design elements, making it easy for any blogger to make extra money by developing these design skills.
5 – Blogging Coach
You may be an expert blogger. But coaching others into success is a skill that has to be developed. The good news is that there is high demand for blogging coaches today.
People think about starting their own blogs but the fear of the unknown keeps them procrastinating. What they need is the services of a coach to guide their steps and help them avoid making silly and costly mistakes. If you’ve been blogging for a couple of years, this is something you could jump in so easily.
6 – Social media marketing Coach
I used to be one of those who think social media marketing is easy. Posting on Facebook, Twitter, Instagram is easy right?
I hear you!
But listen you need to go deep and you’ll find out that special skills are needed to succeed in this industry. Fortunately, there are professional training materials and the market for the skills is on an increasing demand. If you invest in this area, you will soon be picking extra jobs and making extra money.
7 – Translation jobs
I know of many bloggers who speak and understand one other business language. That’s a huge money making opportunity.
If your main language is English and you can read and understand French or another International language, the translation job is knocking at your door.
It only takes you to develop those skills and start translating for income. Add this to your money making channels and watch as more income locates your wallet.
Where to find demand and market these skills
The first place to start marketing your extra skills in your blog. Your readers are in need of your services. Tell them about it and serve them better.
Another place to market your skills as a blogger is job boards. There are many of these job boards out there, some developed uniquely for bloggers like you.
The most common job board is Problogger where you have hundreds of blogging jobs posted per month. Additionally, you may want to visit efaah job board for bloggers and freelancers. Don’t forget BloggingPro, one of the places to sell your skills.
So I have just given you some basic ideas to add another money making method to your arsenal as a blogger. You just need to overcome the fear and pick a method that’s closer to what you know best.
Invest in it and develop the skills. You may just be very knowledgeable in some of these points. What you needed was just this little push. Go ahead and implement it.
Monetize Your Traffic as a CBD Affiliate and Make Big Money in 2019
The demand for CBD products is witnessing a boom. There’s never been a better time than now to cash in on this trend. CBD-infused products have now entered multiple markets in the United States and outside. The compound is directly derived from hemp or marijuana and applied in almost everything – from skin cream to ice cream. CBD has emerged as an effective treatment for a wide range of conditions, from anxiety disorder to cancer. The best part about CBD is that it’s legally approved for sale in most parts of the world. Whether you’re a newbie or a professional blogger, you can make big money promoting and selling CBD online.
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CBD products are all over the media, and early adopters have already made lots of money as CBD affiliates.
Now, it’s your turn!
But how exactly can you monetize the CBD market trend? Well, there are some simple steps that you should follow to achieve success. If you are already aware of the affiliate marketing best practices, consider half the battle won. For example, Online RX Masters is just one of the many names in the pharmacy space that has put in the time and effort to grow out their collection of CBD products, and also launch an affiliate program of their own as well.
Below, we’ll walk you through the basics of how you can become a CBD affiliate and monetize your blog traffic, making big profits as a result.
Create a Health/Fitness Blog
If you don’t have a health-related blog running already, you can launch one within an hour or less. Pick a unique domain name and host and set up your health blog. Select a theme which is a good match for health niche. Use some plugins as per your specific need and you’re all set. The next step is to publish compelling niche-focused content on your blog to attract quality traffic.
There are both free and paid techniques that you can use to build traffic for your blog. Paid advertising campaigns are a surefire way to establish and popularize your blog over a short period of time.
Thanks to the internet, there’s plenty of advice (available for free) to help your blog get off the ground. Additionally, you can also connect with professional bloggers for some expert help along the way. If you’re focused and blog with passion, you’ll not only make things easy for yourself but have fun as well.
Broaden Your Knowledge about the CBD Industry
Cannabidiol (CBD) is a natural compound, which is derived from the cannabis plants. The legalization of medical marijuana and hemp have given rise to new markets for CBD products. In 2017, the global market for CBD products was worth $20 billion. The growth in the CBD market alone has been projected to reach $22 billion by 2025. Key factors that have contributed to this tremendous growth is the ever-growing demand for CBD products on a global level.
CBD oil products are quite popular with American consumers. Globally, these products have considerable market share in places like North America, South America, Europe, Asia Pacific and ROW.
CBD has been researched for multiple uses. People take CBD to cure illnesses like anxiety, dystonia, seizures, Parkinson’s disease, multiple sclerosis and schizophrenia among others. Smokers also use CBD to quit their habit of smoking. CBD has been identified to possess antipsychotic effects. Our brain has a chemical which when broken down impacts mental functioning. CBD acts to prevent the breakdown of this chemical in the brain and thus decrease psychotic effects. CBD has also been proven to be effective in reducing pain. CBD products are available in a various forms – oils, pills, capsules, gummies, vape pens etc.
CBD products have also made way into the beverage market. CBD-infused drinks are gaining popularity worldwide. They are being used to reduce anxiety and aid sleep. CBD beverages are available in different forms like tea, coffee, energy drinks etc. There are CBD-infused alcoholic drinks as well. Hemp-CBD product manufacturers have every reason to believe that this latest trend will further create new market segments. The CBD-infused beverages market is expected to witness a substantial leap from just $12 million in 2018 to over $200 million in 2019.
CBD products have also penetrated markets like pet care, cooking, topical and natural products. The wide health benefits of CBD products are proof that trends like these will continue to grow in future.
Become a CBD Affiliate
Now that your blog is up and alive, it’s time to find an affiliate network which is transparent and offers high payouts. Since there are so many affiliate platforms out there, it can prove to be a bit overwhelming for you to decide which one to join to earn big profits as a blogger. Here, you need to take a step back and think. You can’t join just any affiliate network. Instead, you should sign up for an affiliate network which has a niche focus, i.e. sells only healthcare products.
Online RXMasters is a reputed affiliate platform; it offers one of the top CBD affiliate programs that you can join.
Visit their CBD affiliate program page and collect all the details that you may need to make a well-informed decision. The affiliate platform will walk you through all the basics of how to make money as a CBD affiliate. They have a vast library of marketing collateral that you can choose from and place on your own blog for promoting a wide range of CBD products – from tincture and cream to capsules. After you have added the link to one of the localized websites Online RXMasters provides with, you can sit back and watch your profits go up. While working with their platform, you’ll have all the support you may need to succeed as a CBD affiliate. Plus, you’ll have easy access to the campaign analytics at all times.
Could You Wait?
If you have decided to become a CBD affiliate and make money promoting a wide range of CBD products, Online RXMasters has the perfect affiliate program for you. Check out their official website right away and sign up for their CBD affiliate program and start making big money in 2019 and beyond.
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