A little reflection and thoughts - Getting out of the Gig-Economy

in #online-business7 months ago

Here's the thing, like a lot of people I was severely affected by everything that happened in 2020, and there is still time for it to get worse.

#COVID19 and some of the business impacts of that drastically affected my "normal" work, I had a number of projects canceled and put on hold starting in March. Then in May I had another major client decide to stop working with me, just before major family changes.

I was planning, starting around November of 2019, to take 3-6 weeks of time off starting in mid-May. That was when I had work lined up for the summer and fall in 2020. That all changed, and at the same time my other projects were being put on hold, or at least there wasn't as much interest in the type of offerings I was making.

The cause of this was a few fold, one the number of webinars that started to be offered was flooding the market, and while they were very low quality, there was just too much noise for my offerings to get traction.

Getting Low on Funds

So, since there was no work and my products weren't selling, I started selling my time again to re-fill the coffers. This brought me back to the gig-economy, but I was VERY VERY LUCKY. I reached out to a colleague that I met many years ago at a conference, and he needed some help with projects that I am an expert in.

If you aren't great at "networking" I highly recommend this free course. He has a series of non-scammy or slimey steps that build a valuable practice.

These were a couple of small things, but it was the first new money that I had in a while, and I started to feel good again. Then something awesome happened, we landed a large project, large enough that by the end of Q1 in 2021 I will be back in the black!

Where does this leave this project?

Well it was on hold, and I really haven't made any appreciable progress since April of last year. But now that I have locked in some real revenue, the books are starting to look healthy again and my mental health seems to be improving, its going to be moving again soon.

There will be a few weeks, starting in January, that I will be spending just trying to figure out what I was doing and whether or not I still want to be going down that path.

My goals are essentially the same, and I think I can get there.

No more loafing for #noloafing

All of these posts will be tagged with the #noloafingmoney so if you want to see what I'm doing over there, that is the place to do it.

The goal

The goal is to build a product or series of products that allows me to scale. The financial goal is to build a business that has a monthly revenue stream of $5k with less than 20hrs worked on average by the end of 2020

The Why

If this is your first time here, thanks for stopping by. I wrote my first post on this topic in November 2019. They all have a "special" tag, so you can find them all here: #noloafingmoney. If you want to see where this all started, its with this post, Money and the Gig-Economy.

Be sure to follow along and leave a comment below!

Cheers,
NL

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Sorry to hear that your plans hit a major bump @noloafing, but great to see that you could solve the short term cashflow and are still working on your goals, keep up your great work, it's awesome.



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Thanks for the thoughts. It's always important to focus on the process vs the results.

The process it sound, now I just need to feed the machine with the time and effort.

Wow I enjoyed reading about your journey so far. 2020 has definitely been a challenge for all of us, in one form or another. It is good to see you found some relief for the work that was lost earlier in the year. It's amazing how much better we feel when we are more productive, money or no money. Just to be a part of something good & know that the light is at the end of the tunnel....

Better times are coming...I have faith & I know you will succeed as well! Thank you for sharing your story with us. Definitely keep us updated! Keep up the great work & You are Awesome! 👍🙂💚



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The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".

Thanks for the note @pixiepost it has been a ride for sure. The only way is through, so in the ever encouraging words by Brian Clark, “Keep Going”.

Amen to that!! We pick ourselves up & Push on!! :) 💚