How, you ask? Not saying that to brag, by the way! I just want you to know that it is possible. Be productive as fuck. So, you can see how being productive can help you make more money. I know this firsthand. Market your services. Every damn day. I know, I know. This one seems obvious.
Find regular blogging gigs. Now, ask yourself: Do I have the right mindset to command high freelance writing rates?
But if you can deliver what the client wants, you should be confident! So if I can command high rates, you can too. Let me know in the comments below! Pin Share They come to interact with friends, family or to find interesting stuff. Social media is about telling your story and engaging with your followers and fans. People want to learn more about you, who you are, what you do and how you do it.
Think of it as establishing more trust with your audience. My first attempt at creating a Trap Soul type beat. What do you think of it and who do you hear on this? This will lead to more engagement. That will result in getting more comments and likes. If the beat is dope, someone will ask in the comments where they can get it. To be honest, getting your first customers can be challenging. Your customers are worth gold. And you should treat them like that too. Building relationships is crucial for your beat selling business.
Average order value AOV tracks the average dollar amount spent each time a customer makes a purchase from your beat store. Which increases the lifetime value of a customer. Customer lifetime value CLV measures the profit your business makes from any given customer. They tell you a lot about whether you are actually doing the right thing. You just need beats, a marketing plan and the right mindset. How do you sustain or improve the quality of your music, while developing a profitable marketing plan? Even if it takes a month, 6 months or an entire year? And I get away with it easily.
It took me years to get to this level, but I stayed consistent and kept improving my craft and production skills. To get in a position where you can charge more for your beats and get away with it. You need to constantly improve your skills as a beatmaker or producer. The difference between the two is of significant importance. While aggressive marketing seems to be more short-term. Respect-based marketing is a long-term strategy. The truth is, the balance between the two is important. But ultimately the fundamental tenet should be respect-based marketing.
The fact is, you need to utilize both. But sustain the right balance to create long-term business relationships. Mindset is everything. The difference between a growth mindset and a fixed mindset is perfectly explained in the visual below. If you came here looking to learn how to sell beats online, you might have got overwhelmed by information. It might seem impossible to start a business next to your daily routines. I started my business when I was working a full-time job whilst going to school two nights a week.
Right now I probably got even more on my plate. Instead, they think about their plans with friends this weekend. Playing video games and watching TV three nights a week. But until you can step out of the day-to-day and take control of your time. In other words. You could go another 5 years going out with your friends every weekend. Playing video games and watching Netflix.
And still not have your own business running. In , I was still working a hour job and went to school 2 nights a week. I spent my Friday nights on marketing and my Saturdays on music production. Entrepreneurs are easily overwhelmed. And they take immediate action. Songwriters, artists, musicians, producers.
- 35+ Best Ways to Make Money Online in .
- 7 online store ideas.
- Love Your Clients... and Profit.
- Lessons Ive learnt about...Learning to Draw!
- The Advocates Devil.
- Beer Quest West: The Craft Brewers of Alberta and British Columbia.
- 2 thoughts on “How to Create Multiple Streams of Income for Your Freelance Business”?
Even people that had great business ideas, that were not related to music at all. They failed because they were unable to take action. An idea is just an idea until you decide to do something about it. If you have a dream, you can spend a lifetime studying, planning, and getting ready for it. What you should be doing is getting started. If you have more than 15 beats, you can instantly start selling them. And spend the majority of your free time on marketing. Every producer struggles with their gear. We are always looking to get better sounds and more expensive equipment.
In my early years of selling beats online, I blamed my equipment for the lack of sales and slow growth.
How to Increase Your Profits by 25% By Improving Customer Retention
Thinking that I needed to invest more in studio equipment so I can make better beats. Looking back now, I realise that I could practically make the same amount of revenue from selling beats if I was working from a smaller studio. There are producers out there that make a massive amount of money every month from selling beats. Beats that are made on a ten-year-old computer with free drum samples. Building a profitable business from selling beats already takes a lot of time. And to help me stay focused on the things that matter. I use Google Drive to backup files and business documents.
I prefer Google Drive over Dropbox, but it works the same. MailChimp or MailerLite would be better options. ActiveCampaign is a lot more advanced and more expensive. Trello is a project management app. Just recently I started doing Facebook Messenger marketing next to email marketing. ManyChat is an app that allows you to send auto-messages through Facebook Messenger.
Slack is a cloud-based team collaboration app. I use Slack to communicate with other producers about active projects. Or to share information about topics related to selling beats online. Everything that we discuss on there is business related. If we want to chit-chat about random stuff, we move the conversation to Facebook Messenger. Notion is an all-in-one workspace where you can create workspaces to manage your business operations. I use it to save important business information.
I have a content calendar for new beat uploads in there.
7 Great Recurring Revenue Business Ideas
And I also use it to create instructions for interns and employees. A very complete application that helps you organize your business operations. This app and chrome extension lets you store passwords and other sensitive information. You safely store it in a virtual vault that is locked with a master password.
With a simple keyboard command, you can auto-fill your username and password. Without having to think about which one you used. A password is only as strong as its weakest link. Seriously, invest in security. I use the Adobe bundle to create artwork for new beat uploads and videos for YouTube.
Adobe apps are more advanced and expensive compared to some free apps that do the job as well. TubeBuddy is a must have YouTube extension. It lets you see channel statistics and video statistics from your competitors.
The 4 steps to make extra money on the side
It also has several useful tools to help find the right keywords to add to your videos. A similar alternative is VidIQ which is just as good. All the producers that are successful in selling beats online use it. Grammarly is an application and chrome extension that does spell-checks and auto-corrections. Hemingway is an online application that helps you write bold and clear. This is an absolute timesaver.
Rocket Typist lets you pre-write text snippets. When typing a keyboard command, it will automatically insert that snippet. Rocket Typist comes with the SetApp bundle which includes a lot of other useful apps as well. Station is a smart desktop app that lets you manage all your web-based applications in a single app.
You can use Station and manage all these apps from a single desktop application. Paperform is an online platform that enables you to create online forms. I use it collect information from customers and prospects. Once someone fills in your form, you will get an email with a summary of their answers. He suggests selling t-shirts using Printify , a service that can integrate a WooCommerce store as well as Shopify or Etsy with a print-on-demand service. In that case, you could create a graphic, upload it to the service, and Printify would print and ship the t-shirts when people order them.
Hughes explains that if web design is your niche, you could use your skills to design and market a website to sell shirts using WordPress. Dropshipping is a great option to consider and worth brainstorming about. If your target audience has certain challenges or problems that occur regularly, you may have a market for a course that offers solutions. Over time, you can decide which courses are evergreen and which ones will require regular updating.
Another way to add an income stream is to brainstorm ways you could run a monthly membership or subscription service through your site. For example, as a writer, I could provide a monthly coaching program for entrepreneurs wanting to hone their business writing and grammar skills. With a subscription model, you could provide monthly technology maintenance as part of your services. Programs like these can help you earn more consistent income throughout the year. These are just a few of the many types of income streams you can add to your business. As we mentioned above, adding new income streams, especially passive ones, can help you gain a more consistent income throughout the year.
How wonderful to check your accounts and realize you sold a book while you were sipping an espresso at your favorite coffee shop! But in addition to bringing in money, creating multiple streams of income encourages you to diversify. I expect that within the next three to five years my income from teaching online will make up about 60 per cent of my income, and freelance writing will be about 30 to 40 per cent.
It is the courage to continue that counts. Please share your questions and comments below! Great article, Jena! It really hit a few chords with me. This is something I definitely need to look into! Thanks again!! Thanks so much, Karen! Wishing you all the best as you explore new income streams for your business. Your email address will not be published. Here's a quick guide to writing business proposals that win new clients Some get it right the first time; most struggle with finding their freelance niche.
Have a watch of this short "behind-the-scenes" video as I show you some of the exciting changes we have made to the University tha It is never easy to fire a client! In this post, we provide some helpful tips and strategies for ending an unhealthy client relati Have a watch of this inspiring interview and receive some valuable "nuggets of wisdom" on how to build a thriving freelance busine Have you encountered failure in your work as a freelancer? Discover how to handle failure and success in your business.