When you decided to become a freelance blogger, did you immediately write up a 5-year business development plan? Calculate a full financial forecast?
If you did, you have everyone’s permission to skip this blog post and order more champagne while you wait for the rest of us to catch up.
But most freelance bloggers start with a talent for writing and then pick up a bit of business sense along the way. If that sounds more like you, don’t worry—you can still grow your blogging into a lucrative business. We just need to fill some of the most worrying gaps in your understanding of how your business works.
Here’s the important part, though: you need to fill the knowledge gaps in your business now, because every month they go unfilled is another month you go without the money you deserve.
Let’s say these business skills will bring you at least $1000 per month if you’re just starting out, or add to whatever you’re earning now if you’ve already got your business going.
If you wait another year to pick up basic business knowledge, you’ll be down $12,000. And that’s probably an understatement, because strong business skills will let you grow your business way beyond the $1000-a-month mark. [Read more…]