Ask Is diversifying income important for freelancers?

[Edward22]

Depending on just one client or one type of freelance work can be risky, because contracts end and industries change without much warning. Many freelancers now try to offer more than one service or work with clients from different fields so they are not left with nothing if one income source dries up. This approach takes extra effort but can bring more stability in the long run. Do you think freelancers should always try to diversify their income sources?