15 Ways to Generate Income When Business Is Slow

15-ways-generate-income

We’ve all had those moments when business gets slow. You may be exhausted after a flood of clients, but you know you have to network your butt off to get more clients to meet your monthly quota. We’ve all been there.

Recently, I created a training course and turned away new projects as I got closer to my launch date. It was a big mistake because that project didn’t make as much money as I would have liked. After the launch, I had to come up with a game plan.

If there’s one thing I can take away from my recent experience, it’s this: you have to find time to look for new projects and clients, and revisit your existing client list to make sure you have a consistent stream of income.

Let’s face it, although we do what we do because we love it, we also have to run a business…and that requires income.

Here are 15 ways to generate income when business is slow so you can get out of that slump.

How to Identify and Manage Problem Clients

As designers and developers, we are bound to deal with different types of clients. Whereas most of them will be highly cooperative and understanding, others will prove a little harder to handle. Since the primary aim is to do business and make a profit, you need to be able to handle both types of clients.

During a consultation, you want to identify whether or not this potential client is a good fit. Ultimately, it is up to you to decide whether or not you want to take them on as a client. (Well, those of us who aren’t yes-men or women.) I’ve come up with tips on how to tactfully deal with the five major types of problematic clients.