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How to Write an Effective Business Plan for Your Writing Career

Updated on May 31, 2011

Planning Your Writing Career Business Plan

Congratulations on making the smart decision to become a writer. You now join plenty of other wordsmiths who enjoy nothing more than putting pen to paper and giving meaning to words. You now have the daunting task of either being a dreamer or being one of the few who actually make it by being published or netting an impressive list of clients as a freelance writer. What will set you apart from the crowd? Having a solid business plan. How do you write an effective business plan for your writing career? Read on.

A business plan is very vital for any business to succeed but to get the business plan in place, you have to ask yourself some vital questions that are both practical to your goals and what you’re hoping to achieve. For starters, sort out your priorities and work towards something specific as opposed to just letting the chips fall where they may. Let these few points be your starting base as you set out to write an effective business plan for your writing career:

  • Where do you want your writing to be in the long term? Do you want five contracts with five national magazines? Do you want a syndicated column in the local newspaper? Do you want to have four books published four years from now at a rate of a book a year?

  • What are your financial goals? How much money do you want to earn from your writing daily, weekly, monthly and yearly? What will your rates be? What is an acceptable rate for your time and what rate will you not accept for your writing services? This is very crucial because clients will try to pay as little as possible so you need to know when to walk away from the bargaining table.

  • How much time each day can you devote to your writing career? This time includes not just actual writing but also sharpening your skills like improving your spelling and grammar, learning different writing styles and so on.

  • What marketing steps do you need to have in place to achieve the goals you set for yourself as far as your writing career goes? Will you be utilizing social media? And if yes, do you know how to use it or will you outsource that work? Will you be using free services like craigslist and hubpages to market yourself and showcase your skills as a writer?

These steps are just the tip of the iceberg to get you thinking really hard about how to write an effective business plan for your writing career. If you truthfully answer the four simple questions laid out above, you will be a step ahead of the gazillion of writers who set out on the writing journey without a map in place. Congratulations again on choosing to become a writer and here’s to your success in the writing world.

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    • srsddn profile image

      srsddn 

      3 years ago from Dehra Dun, India

      freebiescity, thanks for motivating through this thought provoking words. Points mentioned in the hub are really meaningful.

    • dhimanreena profile image

      Reena Dhiman 

      4 years ago

      Thanks for sharing an important topic related to career in writing.Because writing is long term career opportunity.

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