EPISODE 200 SHOW NOTES: Setting Realistic Income Goals
Are you feeling stuck in the beginning stages of your freelance business? Today’s episode is geared towards seeing how realistic your income goals really are.
Some people get overwhelmed with starting and questioning if their income goals are realistic. I want you to see how realistic and doable it is to replace your income and meet those income goals. In this episode, I break down how you can create a business plan for your freelance business to see how realistic this is for you.
First and foremost, figure out what your initial income goal is. Don’t focus on the dream number just yet but what is the amount of money that you realistically need at this time?
The next step of your business plan is going to be identifying how many clients you need to meet those income goals based on the 3 packages that I outline in this episode. For instance you may need 4 clients in order to meet your income goals. Breaking it down to landing 4 clients makes it feel more tangible.
The third part of the business plan is going to be focused on your timeline. You need to set goals with deadlines. Give yourself some time to get your business going and then once you have the foundation, start networking to find those clients!
I go in to more detail about all of this (and more) in the Live Free Academy. Be sure to sign up for the text reminders to be the first to know when the promotion for the Live Free Academy is going on later this month!
Be sure to send me a DM on Instagram (@micala.quinn) to let me know how many clients you need to hit your income goals and what you thought about today’s episode! Next week’s episode is going to focus on the strategy behind all of this so be sure to tune in!
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In this episode, we cover:
- How realistic your income goals really are
- The business plan that you need in the freelancing space which includes:
- Your initial income goal
- How many clients you need to meet those income goals
- Your timeline for meeting those goals
Resources and links mentioned in this episode:
- Sign up for the text reminders to be the first to know when the Live Free Academy promotions are!
- Check out Sarah Randel’s episode on how she went from zero to six clients in 40 days!
- Check out episode 62 about the beginning legal basics you need to know including setting up an LLC!
- New to the idea of freelancing? Learn more HERE.
- Loving the show? It would be so helpful if you could write a review HERE! Thank you!
More about the Live Free Podcast with Micala Quinn:
How do I get started? What if I fail? Who will hire me? Is it really possible to create a consistent, full-time income from home?
Welcome to the Live Free Podcast with Micala Quinn where we will be answering these questions PLUS many more! Whether you’re just starting your freelance business (heck even if you don’t know what freelancing is yet) or you’re looking to scale, this podcast will give you tangible business advice along with inspiring interviews to help you create a life and career that works for YOU and YOUR family.
Your host, Micala Quinn, started out teaching high-school English, but when her first child was born, she immediately began searching for something more. She wanted a way to stay-at-home with her daughter (and future babies), but still needed to bring in a full-time income to help support her family. Micala started freelancing, quickly replaced her full-time income, and now helps other moms (like you) get started and grow their freelance business from scratch to 5K and beyond! She believes that being a working mom or a stay-at-home mom no longer needs to be a black and white decision. You CAN have both. On your terms!
Our motto is Mom Strong, Work Smart, and Live Free. Are you in? We’d love for you to join us each Monday, as well as in our Live Free Podcast Facebook community!
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