If you’re a freelance or self-employed web designer or developer you know all too well about the ups and downs of cash flow. You’ll also know that the concept of passive income in our field is not one that many of us web workers entertain or know much about. So here’s what I can share with you on the subject of creating and profiting from a passive income as a web geek … and hopefully give you an insight into how you can smooth out the peaks and valleys of your cash flow in a way that can truly change your life.
Looming stock market crashes. Government bailouts. Rate cuts. Recessions. Depressions. These are all words gladly being thrown around by the mainstream media of late. And we all know the mainstream press loves nothing more than selling us doom by the truck load.
I’m no economist, but it seems only natural that markets should correct themselves (level off and perhaps retract) after consecutive years of positive domestic and global growth. In any case, the situation is what it is. So what’s a freelancer to do amidst leaner and tougher economic times? The answer is: Be even more valuable to your clients.
At the time of writing this, job giant SimlpyHired.com claims to have over 5.8 million jobs in their database. According to their web design and development job data, the salary range for a typical position in the US web industry is $55k to $74k. This spans general web design and development through to specialist niches such as user interface design.
What surprised me the most was that flash design and development jobs have a lower average than general web design and development positions. I’d always assumed that the niche skill set of working with Flash paid better, not worse.