The last year or two did a job on a lot of people’s careers and finances. For many, the pandemic meant that their jobs simply vanished and took their incomes with it. This prompted many to launch businesses or take up new skills.
Yet, even before the pandemic, many people either worked or want a side hustle. It wasn’t a sign that people are workaholics, but that they needed extra cash in their budgets.
One of the more forgiving side hustles out there, schedule-wise, is blogging. What many don’t realize is that it also comes with financial benefits. Keep reading to see how becoming a freelance blogger can benefit your financial situation.
Direct Extra Income
Freelance bloggers fill an undeniable need in the marketing industry. Businesses need fresh content on their sites for both SEO purposes and as part of any content marketing strategy. Yet, many businesses struggle with maintaining their blogs using in-house resources.
Freelance bloggers can pick up direct payments from businesses by writing those blog posts for them. Some businesses will set their own rate, while others will negotiate a per-post rate with the blogger.
Just remember, you’ll need to write killer content for those clients. In most cases, evergreen content generates the best results for clients.
Indirect Extra Income
Freelance bloggers can also pick up some indirect extra income by launching their own blog on a subject they care about. For example, they can embed affiliate links into the blog posts. Those affiliate links can bring in small amounts of extra cash when visitors click on those links and make a purchase.
If your blog gets popular, you can also potentially sell advertising space on your blog. You may even score a sponsorship deal with a company that specializes in products related to your blog.
If you’re extra motivated, you can develop eBooks or information products that you promote on the blog. Those can provide some passive income.
Time for Other Options
If your freelancing work doesn’t take up all of your working day, you can also take advantage of other options. For example, you can take surveys or undertake other simple online tasks through sites like Ysense.
Individually, these tasks won’t necessarily pay much. If you do some of them every day, though, it can add up over the course of a month.
You can drop payments from sources like that into your emergency money account.
Freelance Blogging Financial Benefits
The financial benefits of freelance blogging won’t develop overnight. As often as not, you must prove that you have some blogging chops with your own blog. That blog provides samples for potential clients and gives you a chance to drop in affiliate links or promote information products that bring in some passive income.
Once you snag a client, though, you can often lock in recurring payments for weekly blog posts. If freelancing is slow, you can also pick up some income from tasks like online surveys.
Looking for more finance tips? Check out the posts in our Money section.