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22 April 2024

Make An Extra $18K This Year (Realistically)

Time to read:

3 Minutes

The Saturday Freelancer is free thanks to ClientManager

Kyle Prinsloo

Author

What will an extra $18k mean for you?


What will you do with it?


  • Invest and double your money in 10 years?

  • Take a vacation and swim with dolphins?

  • Upgrade the old laptop and spice-up your home office?


What if I told you it's possible?


That you can realistically make an extra $18k this year with a simple, concrete plan.


Lofty goals only seem lofty till you break them down into smart goals.


SMART = Specific, Measurable, Achievable, Realistic, Time-bound.


So let’s break it down:


$18k = $1,500 /month


How can we get that?


1x client paying $1.5k

or

2x clients paying $750


How do you earn this amount?


With productized services.

Bundle a few related services together, eg. marketing services, web design services, content, etc.


The key is to offer clients a solution that drives a specific outcome for their business, so they can clearly see the benefit and ROI on their investment.


Show them that and they’ll be happy to pay $1.5K.


Another great option for steady monthly income:


Maintenance plans.


10x clients paying $150 /month

or

5x clients paying $300 /month


Offering what?


  • Monthly Reports

  • AB Split Testing

  • Security Monitoring

  • Etc


Focus on activities you can do easily, that will take you 2-4 hours per client, per month.


When you sell a package offering like a maintenance plan, clients aren’t going to know or care how many hours you’re spending, as long as you deliver the results.


…and that’s how you can earn an extra $18k this year.


Not saying any of this is going to magically fall into place by clicking your fingers.

But it is doable.


If you need help, join FreelanceFam where you can get help and accountability.


You have a plan, now go make it happen.


Takeaway


  • Earning an extra $18k a year is achievable by breaking it down to $1,500 per month through targeted client acquisition or maintenance plans.

  • Productized services or bundled offers can attract clients willing to pay for clear outcomes and benefits, enhancing their ROI.

  • Implementing maintenance plans with consistent monthly activities provides a steady income and customer satisfaction without them monitoring your hours closely.


Have a good one, and chat to you next week!


Thanks for reading!


-Kyle

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