Do you hang onto your money? That can be good – and bad, especially for your freelance writing success.
The saying goes that you have to spend a dollar to make a dollar. That’s doubly true when it comes to business, and your business is freelance writing. Basically, if you want to do better than you are now, you need to let go a little of what you have.
You don’t have to spend a fortune to reach success. But you shouldn’t limit your potential success and returns because you don’t want to part with your dollars. It’s a beginner’s mistake, and one you can correct immediately.
Spending money to make more is an oft-ignored strategy to reach better success. Some people don’t see the value. Some freelance writers aren’t making much money as it is. Some are struggling to stay afloat. Parting with even $25 might hurt.
These people put their heads down. They keep a close eye on their money. They forget to look up at the future – their future.
What if spending just $25 now brought back $100 in a month? What if it brought $100 the next month and the month after that? Wouldn’t that be a worthwhile expense? Wouldn’t that be good enough reason to let go a little?
A small, one-time investment can make a big difference in your success. A good expense can help you earn more money. Work less. Increase your client base. Boost sales. Improve Traffic. Investing in you can help you be more successful – even if you’re doing okay as is.
That’s another common mistake freelancers make. They’re doing just fine, supporting their families, so they don’t feel the need to invest at all. Why bother spending if the work and the money is coming in?
You should bother because you could bring in more money, often for the same amount of work, time or effort – and sometimes even for less.
Think about how you’d feel if you could earn twice the money you’re making now. Wouldn’t that be nice?
Don’t be stupid about spending, though. The brand-new whatever that just launched may be tempting. Everyone’s excited to buy. You might be too, but don’t hop on the bandwagon. Think carefully first.
Analyze what you’ll get from spending. Think about the potential returns for what you want to accomplish. Determine your goals, and weigh the options that will help you get there. Look at the cost and potential return.
For example, learning about Adwords may help your direct sales, but advertising may help you earn more clients. An ebook might seem low-cost, but if it isn’t going to pay for itself, it’s a poor investment. Likewise, a $397 course might seem expensive, but if it helps you earn $500 a month for a full year, then it’s a great investment.
$500 a month for a year. I’ll take that. Would you?
Don’t lose out on a better life. Learn how to make more money doing what you love (even while working less) so you can get more from your career. Check out The Unlimited Freelancer today.