The feast-famine cycle is a common phenomenon that many freelancers experience in their work. It refers to the pattern of having a period of high demand and plenty of work (the “feast” period), followed by a period of little or no work (the “famine” period).
During the feast period, a freelancer may have multiple projects or clients, and may be working long hours to keep up with the workload. This can be an exciting and busy time, but it can also be stressful if the freelancer feels overwhelmed or under pressure to meet deadlines.
However, once the feast period is over, the freelancer may find that they have no work lined up and no income coming in. This can be a stressful and difficult time, as the freelancer may struggle to pay their bills and cover their living expenses. The freelancer may then spend a significant amount of time searching for new clients or projects, which can be time-consuming and may not yield immediate results.
The feast-famine cycle can be a challenging aspect of freelancing, as it can be difficult to predict when work will be available and how much income the freelancer will earn. It can also be stressful and exhausting to constantly switch between periods of high demand and low demand. However, freelancers can take steps to mitigate the impact of the feast-famine cycle, such as building a strong network of clients, diversifying their services, and saving money during the feast periods to prepare for the famine periods.
See also: Retainer Fee