This post continues a series called “A Millennial’s Adventures in the Gig Economy”. You can reference the original post for this series here.
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Week 10 Gig Status Overview
I’m finally getting back into things after being away for a bit. Again this past week, I haven’t submitted as many proposals nor spent as much time soliciting gigs. That will change this week as I get back into a routine. Thankfully I have a consistent gig good for about 10 hours a week that carries me through when I don’t have other jobs in the pipeline.
The majority of my time this week after traveling, I spent on existing client work. I set a goal to submit ten more quality proposals for writing jobs to see what I can turn up for next week. Writing assignments are by far the most fun of all my gigs, so I’m going to steer the ship towards content writing for the foreseeable future.
I have gone 9 for 36 overall with proposals, which brings me to a 25% success rate.
Time invested this week: 12 hours (performing client work, reviewing job postings)
I’m a little disappointed in how long it’s taking Fiverr to fix their issue with analytics. The information provided allowed me to understand the visibility of my gigs and how they were returning in searches. Without the metrics, I’m finding the site to be a bit less useful and have again turned my attention back to Upwork.
Time invested this week: 30 mins (setting up PayPal to transfer earnings, checking Buyer Requests section)
I am continuing to have payments trickle into my PayPal account for the books I’ve already completed. Interestingly, PayPal is the only option offered for payment, yet they take a small fee. For example, a book I read with a $10 payout gives me $9.41 in PayPal. As these are already small amounts, it seems kind of silly that there would be another fee on top. I’m still not sure if it’s a flat fee issued by PayPal or what, but I plan to look into it in the coming weeks if it continues.
New reviews posted in the past week: The Solution is Political Revolution (94%).
Pro Tip: I am seeing consistently higher marks on all my reviews and 40/40 points for grammar/style now that I’m using Grammarly*. This tool is a must-have for anyone submitting reviews to this site.
Current reviewer score: 33 (up 4 points), still level one
Time invested this week: 5 hours (reading book 9 and writing review)
I updated my availability for the next two weeks, but I’m still not sure how comfortable people are with strangers coming to their home for dog walks. This one might continue to be a bust for a while.
Time invested this week: none
I have nothing new to report in the world of Survey Junkie this week. In case you missed it, check out my full review of Survey Junkie for a more in-depth look at this program.
Time invested this week: 1.5 hours
The plan for week 11
- Finally post videos on Fiverr gigs
- Submit 10 new quality proposals on Upwork
- Continue to monitor metrics for Upwork (jobs won/jobs bid) (and Fiverr views/clicks if that ever works again)
- Spend 20 minutes a day doing surveys for easy, quick money
- Finish book 10 for onlinebookclub and write review
- Explore at least one new gig economy option
The Financial Picture – June 1, 2020
For what I would consider a “down” week, I’m happy with earnings. It is still a challenge to adjust to the fact that if I’m not working, I’m not getting paid. I think I took that for granted for a lot of years in a salaried position, but I certainly don’t anymore. Next week looks good to pass the $1000 mark, which will be a milestone for me. I’ve also set some financial goals for June, which include passing $2500 overall and breaking $750 in a single week. Game on!
Current week income: $276.03 (Upwork administrative assistant work, book 9 review, surveys)
Current week expenses: $14.99 (Adobe subscription)
Net Operating Costs: $910.94
Things I learned this week:
Create a plan to pay yourself: I now have income from various platforms that slowly trickle into my account. I am getting paid via Upwork, PayPal, Venmo, bank transfer, and who knows what platform in the future. I decided on “paying myself” (sending money from my business account to personal account) on the first of the month. This gives me ample time to have receivables come in and determine how much to hold back for taxes. Consolidating my payments to one single “paycheck” makes it much easier than trying to hold tax money back from each payment source individually.
Check in with clients you haven’t heard from recently: I have one client that I originally agreed to do work for monthly, but I haven’t heard from them in a bit. I decided to send a note via Upwork to check in and see if there will be any work for the month ahead. The worst thing they can say is no and it’s important that they know that you’re still interested in building the relationship!