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Diversifying Your Income Sources for Crypto Gains


I work as a freelancer and have been doing so since at least 2005. I dabbled in the field earlier, but I really got serious once my wife and I decided to have kids, and she chose to stay at home. That meant I had to make sure the income level we were going to depend on had the ability to handle growth as well as flex. Just diapers along start to add up quickly when you're buying another box every few days.

Much of my freelance work for the last 17 years has been writing. I worked a bit in some research and coding, but probably 99% of the jobs I took were essentially creating content in a word processing software and shipping it out. If you've ever done a search in Google and ended up on one of those sites that tell you how to do something or where something came from, but the site itself is just a running library of different content, then you've probably read my material. Some of it is under my name, but a good portion is owned by clients who continue to generate click-ad income from those articles that I doled out by the dozens every week. 

However, before you go off and decide to be a digital writer yourself tomorrow, it's a grind. Once you've got your system down and reputation established, you're going to be punching out 3-7 articles a night, 7 days a week. It's doable, working around life and other needs, but you have to stay on top of it. One screw up and a service can dump you on the spot. Happened to me early in my freelance career when I got the flu, too sick to write, and the service I worked for dumped me after missing one article. I had written 5,000 for them before that. This is the life of a freelancer.

Interestingly, in the last year and a half I've been doing something a bit different. My clients' payments come in digitally, which makes it very easy for me to immediately sideline a portion and move it to a crypto-buying tool. Whether it's a simplistic tool like Paypal or a few more steps to an exchange, I've just been steadily tapping away a purchase here, and a purchase there, adding to my holdings as I write away.

This month I decided it was high time to start adding to my income streams versus just bringing in funds via writing alone. So, I'm now professionally a website designer, landing my first job this last month. Nothing special, a small job to get my feet wet, but it's a leap and move to get my eggs out of just one basket.

Additionally, I've been positioning resources in the NFT markets as well. Again, nothing big, but it's now generating for me probably about $50-$100 a month in new income.

Diversifying, unlike the movies and grand stories in chat forums, generally starts small. It's how I got into freelancing in the first place. You find a niche, start doing small steps, and then you work your way to bigger things from there. The key is to generate a little bit of free income each time that you can then use as seed money. You "plant" that seed money in your new venture and, as your resources grow, your venture gets bigger. Before you know it, you go from $100 a month to $500 a month and so on. And each time, you plant more in crypto to add to your potential gains there too.

There is an amazing amount of potential possible for anyone who uses their waking time positively. How many hours do you sit around the TV or computer just killing off an evening and nothing to show for it? Try diversifying and creating a new income stream for yourself. First, you'll be using your skills to do something instead of just wasting another evening. Second, you'll add to your income, which always helps. Third, and most important, you'll start to learn the power of learning new things and what you can do with them. And believe me, when you score a big job or payment, it can be just as exciting as defeating that final boss in a video game.

Oh, and you can then buy the premium version of the video game afterwards to make a Twitch income stream. See? Even more ideas on how to diversify your crypto-buying power!

 

 

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WinterYeti
WinterYeti

A professional freelance writer for the last 20 years and a budding photographer by hobby.


The Intersect of Crypto Musings & Consumer Impacts
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