Making Money Through Freelance Writing
Median Annual Salary For Writers & Authors Which Includes Freelancers
Is Freelance Writing Lucrative
Freelancing has now become a popular career and many people now "make money through freelance writing".
There are many who practice it and the list includes, work from home mothers, retirees, students in college and regular office goers. All of them either use it to make some extra income and some have made it into a full time career.
However, people are still doubtful whether they could make money through freelance writing, and the answer to that question is YES!
One of the most frequent questions that people ask me is to give them a brief idea on how much they can expect to make as a freelance writer.
I don’t blame them, because to them, a freelance writer’s qualification is a basic idea of the English language, how to research the net and a working knowledge of Microsoft Word.
Little do they realize that it takes months of practice and a lot of practice as a ghostwriter and sample articles being posted in blogs and free e-zine article site, that you slowly get that confidence. Not to mention the numerous amounts of articles being rejected before you get the hang of it. Once you get the hang of it and once a few articles get accepted then you reckon that you have arrived. You start taking things easy, your quality suffers, lose a couple of writing contracts and you are back to square one.
So, things are not so easy as it looks, yet I tell people, don’t give up, be a bit disciplined and you are on your way. Besides, with the number of outsourced writers, student writers, housewives, interns out there, you really can’t blame the employers.
Different Sources For Freelance Writing
What Are The Most Important Aspects For A Freelance Writer
The most important factor prior to contemplating a freelance career is YOU!
In order to be successful, your new career must fit in with your talents and interests.
The second important thing in starting a freelance career is that you need to set away some time and money. If you plan to start it as a part-time career, then you would not have to worry about anything as your regular career will take care of the money aspect and you can write whenever you are free.
Nowadays a lot many people have made freelancing into regular successful careers. If you are seeking a full-time freelance career, then you have to consider the below mentioned points.
• Is a freelance career suitable for you?
• Do you have a place in your home that can be used as an office?
• Are you organized and can manage time well?
• Do you have the necessary discipline to work every day?
• Are you prepared to work without a regular income?
• Least of all, have you set aside some money for at least three months?
At the beginning, a work from home career can appear overwhelming. It offers you unlimited income potential and the opportunity to be your own boss. You take the risks and work hard to build it into a profitable enterprise.
One of the importance aspects in a work from home career is your resilience. This helps you maintain your balance and helps you to overlook any rejections and failures. It will also prevent you from slowing down. Try not becoming a perfectionist as it might put you into a negative frame of mind. You can overcome this by staying positive and occasionally congratulating yourself.
A common problem faced by many freelance writers is that they are inconsistent in marketing themselves and as a result are constantly on the lookout for new freelance jobs. In other words, they get a few jobs and they think they are doing great because of the income flowing in.
Unless you have a regular contract, you have to market yourself consistently. Without a weekly marketing schedule, you're not filling the pipeline for new potential freelance job opportunities. As a result, you may find yourself desperately scrambling for a new job after the old assignment is completed.
So it’s important to get a sense of whether freelance writing can yield you a real income.
Common Editorial Rates
Important Sources For An Aspiring Freelance Writer
CLICK HERE to download a FREE COPY of the 2012 Freelance Industry Report compiled by Ed Gandia. It covers what freelancer’s do, work, what they earn and other relevant details.
About 1,500 freelancers (from over 50 different professions) provided valuable insight that is available in this free report. It covers more types of freelancing than just writing, but close to 40 percent of the people interviewed were writers and editors. Besides, close to three-quarters of the people interviewed have been freelancing more than three years. So, it should prove useful for any budding writer starting out...
About one-third of respondents reported they earned $70 an hour or more, and another 23 percent earned $50-$70 an hour. But don’t expect those figures now as there are a lot more freelancers out there, not to mention the outsourced market (from where I come from). This coupled with the economic crisis have considerably reduced those figures and created a rather competitive market.
Of course you can search “Amazon” and perhaps get the latest details on the freelance writing market and what freelance writers charge.
Freelance Writer Salary Chart 2008
Learn To Say No
Lastly a small word of advice, courtesy Mr. Warren Buffet.
Mr. Buffet explains that "the difference between successful people and really successful people is that really successful people say no to almost everything."
In other words, do what you actually want to do. This way, you will become more proactive and take on gigs that interest you and not take on just about anything that pays you more. This way you will also tend to make more.
Bottom-line is that you can make money with freelance writing, but it needs commitment, persistence, and determination and a definite aim.
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