Reading Time: 9 minutes
One of the toughest challenges as a writer and entrepreneur is figuring out how to build for the future when you also need to keep money coming in steadily.
If you’ve got a day job in place, it may actually make things easier: you’ve got your day job income, and you’ve got your entrepreneurial side projects. If they don’t pay off straight away, it might be frustrating, but it’s not financially crippling.
But if you’re a full-time entrepreneur or freelancer, it can be a lot harder. You need to bring in enough money every month to pay the bills … no matter what. Maybe you’d never even contemplate turning down a paying client (even if they’re a poor fit, and even if you’ve already got enough work for the month). Quite possibly, you have a family to support; your income is what keeps food on the table.
Understandably, your priority is likely to be what’s happening right now: taking client calls, or writing freelance pieces, or pitching for new gigs.
You might dream of having other sources of income, like a book or online course, to take some of the pressure off. With a product out there, even if you don’t have many billable hours in a particular month, you’ll still have some money coming in. (You might even get to take a vacation.)
Finding the time to actually write that book or produce that ecourse, though, could feel almost impossible.
Well, it’s definitely not easy. But here’s a step by step plan that should help.