Being an independent contractor has many advantages.
First, you can have the freedom to set your schedule.
Second, by law, you are allowed to have more income-generating employment in or out of the given industry.
Third, Psychic Readers work from the comfort of their own home.
Issues arise when a Psychic reader doesn’t understand the venue they are working. In other words, they do not understand the type of industry they are working in.
This industry caters to clients. Depending on the type of network, some networks have clients choose who they want to have a reading. So the client decides the Psychic. The issue with this is that there is no guarantee that the psychic will have a reading. That can be problematic to a Psychic that doesn’t have realistic expectations.
If one desires stability, then it would be more realistic to find a steady 9-5 job as an employee. In a scenario such as that, they are limited to exclusivity and a rigidly controlled schedule.
Researching a market and industry is crucial to reap benefits. That is universal for any job, industry, etc.. Some Psychics start this profession thinking they are going to be overnight sensations. It is essential to have a realistic understanding of any market when entering that professional attempt. It is a business and needs to be treated as such.
If competition is a crucial part, then it’s essential to understand that and cultivate other talents, skills, and opportunities. Artists, writers, directors, actors, hairstylists, lawyers, doctors, all have competition. This is no different for a Psychic. All business models have competition with each other.