Managing Your Home Based Writing Business: How To Handle Fluctuations In Income

Anyone who operates a home based writing business knows that clients come and go, and that income fluctuates from month to month. When your home based writing business is doing well, how can you prepare for the inevitable rough spots ahead? When times are tough, how do you get through them? Here’s some advice:

Your Home Based Writing Business, #1:

Have a surplus? Save it.

When you land a high-paying project, you may be tempted to splurge, or you may be eager to pay down debts. Neither is a good idea in the early days of your home based writing business. It’s better to save as much as you can. Later, when you find yourself in a not-so-lucrative period, you’ll have something to fall back on.

Your Home Based Writing Business, #2:

Stay in contact with clients.

If a potential client sounds enthusiastic about the services you offer through your home based writing business, but doesn’t contact you right away for work, it doesn’t necessarily mean she’s lost interest. She might have lost your contact information. She could be juggling a number of business and personal issues that you aren’t aware of.

The same goes for clients who hired you and liked your work, but haven’t come back. Sometimes, people simply need to be reminded that your home based writing business is ready and waiting to help them with their next project.

A brief, friendly e-mail may be all it takes. I’ve often had clients reply, “I’m so glad you wrote. I’ve been meaning to contact you” — and as it turns out, they actually do have work for me. E-mailing is a no-pressure way to renew professional connections and keep your client list updated. Even if they don’t need your services at the moment, people usually appreciate it when you take the time to say hello.

Your Home Based Writing Business, #3:

If you need to return to a regular job, it’s not the end of the world.

If you’ve made the leap from a regular job to pursuing your home based writing business full time, you probably swore you’d never go back. However, if the bills are piling up, your savings are dwindling, and your home based writing business isn’t pulling in enough income, you don’t have much of a choice.

Whether you go back to working part time or full time, remember that your home based writing business isn’t going to vanish. It’ll still be there on evenings and weekends. You haven’t failed, and you haven’t given up.

Instead of criticizing yourself, try to think of your day job as funding for your home based writing business. That regular paycheck can pay not only for personal expenses, but for advertising, supplies, and equipment. Over time, you can also build up some savings. When your home based writing business gets rolling again, you’ll be prepared to go along for the ride.

This is quite a simple task provided you do it with utmost dedication and commitment and avoid distractions as you are in your comfort zone which can prove to be a great hassle. To understand it better, just log onto the website and get all the information you need.

What do you think?

Stefan Smith

Written by Stefan Smith

Stefan Smith is currently the managing editor of Nfl Touch Down. She is the author of ‘Sweet Life’ and the recipient of Pen and Scroll award.

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