Ko-fi has a reputation of being an up-and-coming location for earning extra income as a creative or freelancer. This happens either through donations, memberships, or direct sales and commissions. Although it is a very simple concept, starting out on Ko-fi can be difficult, as you need to establish a presence, either on your Ko-Fi page or on your other platforms that you are directing towards your Ko-Fi profile. In this article, we will be showcasing and going through methods of increasing your income on Ko-fi using straightforward techniques. In addition to that, we will briefly review a few case studies on users who are successfully using Ko-Fi.Read more
Is it Time to Go (Back) to Uni?
Most of the articles we post here on MoneyGlass.co.uk are about ways to make money on the side, often as an active or passive side hustle. But at the root of it all, what we’re looking at here are ways to increase your income, so that you can have a better life.
When you’re young and starting out, University is generally touted as the best way to get an education that will lead to a well-paid career. The problem is, young adults are often clueless as to what they want to do with themselves and the degrees they choose are either not the type of degrees anyone needs, or they fail to put in the academic effort to be the top of the pack. From that point on, the chances are you’ve got a career in retail or an office ahead of you.Read more
Founded in 2012, Ko-fi has gained popularity and reputation as a website for independent creators to accept donations, memberships, and sales directly from their supporters. There are many benefits but also drawbacks to Ko-fi and that is what we will explore in this article.
What are the benefits of Ko-Fi
In the last decade, we have seen many individuals switching from regular jobs that pay an hourly rate into self-employed roles such as content creation, such as video creation, writing, and drawing. Start-up creatives and freelancers tend to struggle to find their first few consecutive paychecks due to either a lack of recognition or because there is no medium for creators to seek payment for their work when they first set out. When they do find a platform to use, such as Fiverr, they have to contend with those same platforms charging a fee for their use. Fiverr, for example, takes a cut of 20% from each order that a freelancer on their website sells. 20%!Read more
What is OnlyFans?
As the Covid-19 crisis continues to burn its way around the globe, online content creation has become the dream of an ever-growing section of the internet community dreaming who dream of creating and controlling their own online income. For those blessed to be the prettiest, most creative or most entertaining, this has led to a surge in the cult of personality. Creators are not leveraging a traditional skill set, but have instead turned themselves into entertainers, and as has always been true, some entertainment is not meant for younger audiences.Read more
Create Support at Patreon.
Patreon is a website dedicated to creating a platform of support for creators. Musicians, illustrators, streaming superstars and many other types of artists use Patreon to leverage their fanbase into an income. In the turmoil that is the year 2021, having an alternative funding source to traditional employment or the grind of surviving from the sale of your art could be a literal life saver.
Patreon allows a monthly (or per creation) payment from your fans supporters, to help you continue your work. In exchange they receive rewards in a series of tiers, allowing you, the creator, the opportunity to offer a widely appealing reward for many, such as early access to your work, or exclusive content, and higher tiers can offer this plus more, such as physical copies of prints, signed presses of your latest vinyl album, and so on. A popular method of reward is the inclusion of some or all of the Patreons names at the end of Youtube videos… perfect if that’s your medium.Read more
What is Kickstarter?
With all the ups and downs that may have come our since early 2020, finding multiple alternatives to traditional income sources is more important than ever. Whilst we talk elsewhere on this site about ongoing support sites, such as Patreon and OnlyFans, for some big ideas, you need a solid foundation of support but just for that one project. That’s where Kickstarter comes into it’s own.
The idea of this is that popular projects get off the ground, without depleting the pockets of backers by having to fund only partly successful campaigns. If a creator says they need £10,000 to make a project happen, there would be little point sending them only half the money.Read more