Caught Between Surviving & Accumulating My Earnings

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A lot has been said about the many effects of the Covid lockdown of last year but the economic effect cannot be stressed enough. The pandemic took everybody by storm and before you know it, a lot of people who were already living paycheck to paycheck were forced to basically live on government handouts, because there were no jobs to go to anymore and the little they might have saved had already been exhausted.

Even when the lockdown was lifted in many countries across the world, a lot of small and medium scale businesses had already packed up, and those working for them rendered jobless. Many companies downsized, others closed down some of their branch offices and people were asked to work from home. This situation obviously left millions of people unemployed over a very short period of time, I mean millions of people who lost their jobs on top of millions who were already jobless. The statistic in the USA for instance was outrageous.

In order to keep their sanity and also scrap a living, a lot of people turned to the internet for money and succor.

Before the lockdown last year, I had jobs working as a club bouncer and also as a gym instructor but things quickly changed and I was left hanging for dear life. I was forced to resurrect my writing and transcription gigs on Freelancer.com and I also did a lot of no-content publishing on Amazon Kindle. All these ventures made me money but non was consistent enough to lead to any kind of savings.

It wasn't until December last year that I actually stumbled upon crypto-based blogging platforms on my many online money chasing. I started off on Read.cash, earned a reasonable amount there but I soon found their reward system quite random and inconsistent, and that can be really frustrating so I stopped posting there while I explored other platforms. Shortly after, I found out about Hive.blog, and then Leofinance and it has been wonderful ever since.

Now here is the clusterfuck and I am sure the reality is the same for many people on this platform. The reality for many people across the globe is, full-time employment is hard to come by, all things considered, and this has forced many to strictly work the internet, you know, nicking a nickel and a dollar here and there, doing some cool stuff like writing and vlogging.

HOW DO YOU BALANCE SURVIVING ON YOUR EARNINGS AND ACCUMULATING THEM?

Many people came into crypto-blogging not driven by the pressure to survive, nor strictly for the money but the technology and access(if that makes sense), these people have the financial capacity to live their lives as good as they would have if they didn't have those 300k Hive stack and 500k Leo stacks. Now, don't get me wrong, I am in no way hating on their stash, as a matter of fact, I envy their stash, I wish to get to the level where I can look at such stash on my Wallet and just smile and say, I don't need any of that right now, I am gonna leave it here and stack up some more...

But, the reality is, not everybody has that financial capacity to just stack and stack, some people earn and liquidate, not because they love to but because they need to. This has even led some people to start cheating the Hive earning system just so they could maximize their earnings, which reminds me of an article by onealfa.leo where he revealed via Hivestats how some old heads on Leofinance were cheating the system by upvoting their own articles 100%.

In response, the individual who felt the post was directed at him came back spitting fire, talking about how nobody knows his financial situation and what it is like being a black male in America and all of that...It kinda hit home.

I am not even critical of the dude because I am yet to understand fully how the whole reward system works but in the meantime...

I guess I gotta roll up my sleeves and try to triple my earnings then, so even if I would have to liquidate, I liquidate just a tiny fraction of my holdings and continue compounding the rest.

How about you, how do you do it? How do you balance it up?

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Hey mate,

I'm a bit slow, but welcome to Hive and the LeoFinance community.

It's cool to read your journey here via noisecash and while the pandemic has obviously hit hard, it's inspiring to hear stories of real people making it work online.


Freelancing

We live in a time of crazy opportunity and it definitely can work if you keep up the hustle.

Charge a higher rate for your writing and transcription services and then pitch pitch pitch.

Even if you think you're charging too much for what you're worth, it doesn't matter.

You're worth what a client is willing to pay.

Up those rates and pitch for new work like a madman.

Once you get a number of clients at that rate, then you pitch for new clients at a higher rate again and let the cycle continue.

Freelander scaling 101 ;)


Stacking Crypto

It's not about finding a balance, it's purely about increasing your income.

As an obviously English native language writer, you have the capacity to increase your income as a freelancer ten fold from where you are.

Like I said above, just gotta pitch, pitch and pitch.

Endless clients are there that will pay good money to remove the hassle of dealing with sub-standard writers/editors.

You just have to put yourself in front of them.

Once you increase your freelancing income from client work to the point where you're paying the bills, then you can let your Hive related income compound.

Let Hive become your self compounding crypto savings account.


It can be done.

Now make it happen :)

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Hey man, I really appreciate your advice and suggestions plus your tips, you really took the time.

Your suggestions are valid and I am gonna try to implement them, but one thing I have found challenging working as a freelance writer and transcriptionist is, competition is so strife that a lot of bigger accounts with better reviews (sometimes bought) are willing to do the same job you are bidding for, for half the price and it doesn't matter how little it is.
So you are constantly left looking like you want too much when you dont know too much (as suggested by your reviews)

But I get what you are saying though and I am gonna try it. I am gonna psychology the hell out of it. Act like you don't want it and it comes running to you. LOL

T

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one thing I have found challenging working as a freelance writer and transcriptionist is, competition is so strife that a lot of bigger accounts with better reviews (sometimes bought) are willing to do the same job you are bidding for, for half the price and it doesn't matter how little it is.

You're selling yourself way too short here.

Maybe you've gotta change your angle a bit to ensure you're putting yourself forward as an "English-native, specialist xxxx copywriter".

Any client that's worth working with, doesn't want to be dealing with English second language writers who don't get the job done to a professional level.

If they're charging that low, they just aren't. I've worked with them before.

Just aim for that next tier of client and you'll be able to increase your income by charging more as the specialist you are.

Your writing is obviously good as we can see from above, you can do it.


Act like you don't want it and it comes running to you. LOL

Haha wait, that's terrible advice ;)

It's not going to come running to you, that's why you've gotta actively pitch rather than just putting up ads for your services.

Cold emails, cold messages via socials, replying to Upwork ads etc.

Just be proactive :)

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