Letters From A Hopeful Creative

How can I expand my income potential as a service based business?

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Sinopsis

In today’s episode we dive into this letter from a listener:I'm an artist and graphic designer and I run a one-woman creative studio. Like Jen, I'm very intentional about not hiring staff. If/when I get to a certain stage I would like to hire a VA or studio manager, but for now it's just me. I've raised my rates over the last year, and I have a steady stream of work coming in, which is great and I'm very grateful for it. However being a service-based business, especially a one-woman show, there is a very clear cap on how much I'm able to earn providing services. I plan to keep raising my rates gradually, and I'm slowly starting to gain slightly higher-paying clients and am, getting better at saying no to low-paying jobs. But this feels like quite a slow strategy, at least just now when it's still just me. I also plan to set some time aside this year to make stock (vectors, illustrations and textures) to hopefully set up some passive income streams, although I know this can be tricky to get going.Do you have a