Smart Money: Time Management Tricks

We need to be honest with ourselves when we are self-employed and make sure that we are making the most of the hours that we invest in our business. There are some tasks that simply do not provide a good return on our investment of time and in some cases, they will never provide a good return for the time that we invest. In order to make the amount of money that you need to make, you need to make sure that you are managing your time well and investing the hours that you have well.

First set income goals

One of the first things that you need to determine is what your monthly income goal need to be. If you need to earn $1,000 a month and someone else needs to earn $2,000 then your time management techniques are going to be significantly different. If each of you is working 40 hours a week, your “hourly” earnings have to equal $6.25 (net) hourly for $1,000 a month but $12.50 for $2,000 a month. This can be problematic if you have to scrape around for assignments to meet that goal.

Set your hours

Clearly if you need to work 40 hours a week, you need to have some sort of schedule. There are so many things that can distract you during your typical work day including social media, email, Skype calls and so much more. You have to set your work hours and make a plan to stick with them in spite of any distractions that you may encounter. Do not forget to include time for sensible breaks, social media and other interruptions.

Pick your poison

There are countless ways to make money online, if you are careful, you can do fairly well. Make sure that you watch out for work at home scams and people who will take advantage of you. Find writing assignments that match with your own personal style of writing, participate at revenue sharing sites where you can write and earn ongoing revenue and find personal clients or use freelancing sites.  If you find the right “mix” of assignments between content farms, revenue sharing sites and micro tasks, you will be able to earn steady freelancing income.

Do not put all eggs in one basket

Too frequently, writers find themselves lulled into a false sense of complacency and think they can make all of their income from one or perhaps two websites. Do not do it!  If you do not take the time to expand your horizons, chances are that you are going to run into problems. Many writers suffered at the hands of Demand Studios when the First Look program went into effect, others took a beating with Suite 101 and still others lost out when Helium stopped paying up fronts. Try to make sure that you plan your time so that you have a steady stream of income coming in at all times. Your schedule might look like this:

  • Monday – Private Clients
  • Tuesday – Revenue Sharing Sites
  • Wednesday – Blogging
  • Thursday – Paid to write sites
  • Friday – Micro sites

Using this type of a mix will allow you to keep a flow of income for both long and short-term needs.  Using the micro-sites at the end of the week will allow you to play “catch up” if you have fallen a bit short on your other earnings goals or will allow you to make a few dollars to go out and play on the weekend.

Remember that only you can set your own time frames and schedules, you are going to have to find out what works best for your individual time and earnings needs.

About Doreen Martel

Well-rounded freelance writer who contributes to various blogs, paid to write sites and revenue sharing sites. Doreen is legally blind and has worked at home for more than 10 years. She uses the lessons learned from this experience to enhance her writing and share information with others.

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2 Responses to Smart Money: Time Management Tricks

  1. April 11, 2012 at 11:25 pm

    Excellent layout for spreading your eggs, Doreen.
    Red.

    • April 12, 2012 at 4:24 am

      Thanks! I try to make sure that I don’t get too hung up on the details :)