Do you have any idea how much money you earned today? Most freelance workers do not track their daily earnings, but instead add everything up at the end of the month. As long as the bills are being paid, some ignore the question completely until tax time rolls around.
Consider the following four reasons for daily freelance income tracking:
1. Accountability – Keeping a record of daily income can help keep you on track with projects and reduce your interest in procrastination. Writing down $0.00 earned at the end of the day should be motivation to get busy.
2. Scheduling – Track your daily income for a while and you can recognize lulls in available work. This can help you keep your freelancing schedule full to maximize earning potential.
3. Motivation – Making a daily income goal fulfills all the earmarks of a quality goal. It is specific, measurable, attainable, relevant and timely. If you start each day with a specific monetary goal and track your income, you are more likely to succeed.
4. How Much to Charge? – Do you work too hard to reach your daily income goal? This could be a sign that you should raise your rates for quality work.
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