Many of us have heard the advice, “Do what you love and the money will follow.”
It’s not always true. As a freelancer or solo professional, part of your job is figuring out how to make the money follow when you’re doing what you love. Sometimes, you may have to broaden the work you do, to subsidize the projects you’re most passionate about and even out your cash flow. In other cases, you may need to raise your prices.
In our latest post for the AARP’s Work Reimagined site, “How to start a business and still eat,” we offer tips on how to determine what you’re likely to earn in a small business–and how to increase your income if you’re not making it now.
Sometimes it’s hard to figure out how to earn a decent living as a freelancer, but it’s very possible in many fields. It won’t happen by accident though. Even if you hate dealing with financial matters, like many creative people, it’s important to pay attention to them or you’re going to struggle.