Being able to work at home and make a living without all the hurdles of daily telecommuting such as pesky workmates, traffic and working under a boss or supervisor. However, just like anything else, working at home has its downsides top among them being the instability of work or fluctuations of contracts.
If there is anything that scares most people off working as freelancers or independent contractors it is that there are times when jobs will be hard to come by, and of course when they don’t work, they don’t get any pay. If you work at home already or are planning to, what can you do to insulate yourself from such a possibility? Here are some top tips for work at home freelancers or entrepreneurs to keep the income flowing.
1. Have more than one client
There is always danger in dealing with people over the internet, you more than often have to rely on what they say and take a chance when providing a service. Even when dealing with a honest client, a situation in life can cause them not to deliver on a promise or for some reason or another they cannot provide work or payment in time. In such a case, you had better have at least one or two different clients because it is unlikely that all of them will fail you at the same time.
2. Have a fulltime or a part-time job
Rather than rely fully on your work at home job, you could find a local part time job you can do, especially if you have interest in getting back to your brick and mortar office job someday. People who are just getting started with work at home careers often keep their day jobs or do their work at home jobs or businesses after their fulltime jobs until they are certain the returns are worth quitting their day jobs for.
3. Get a contract
Another sure way to ensure that you get regular income is to enter into a legal contract with your employer. This may not seem as freelancing or curtails the freedom to work the different projects you want to but at least it guarantees you that you will get income even in situations when the client cannot provide work or for some other reason they fail you. This is particularly useful if your client wants you on a fulltime work at home job.
These are some of the top 3 ways to insulate yourself against financial ruin as you take on work at home jobs.