This article is intended for you if you’re interested in finding out how to become a freelance writer so you can work from the comfort of your home and make a great living.
Imagine being your employer, having almost limitless earning potential, and having the option to work from home if you so choose. You rely on your creative abilities—and your strict work ethic—to create the life of your dreams rather than toiling away in a cubicle all day.
Stress The Importance of Your Time
Obtaining from assignment to payment can take a while, depending on the tale or project.
You’ve probably spent over five or more hours on a single article, not including gathering sources, transcribing interviews, online content optimization, occasionally constructing the post in the CMS (Content Management System), going through editing steps, and finally receiving the direct deposit in your mailbox.
The most effective way for Ann Adams, who earned $103,000 last year, to increase her income was to be selective about the amount of effort she put up for each client.
Her firm has grown from $40,000 to six figures over the previous 15 years, nine of which she spent working as a full-time freelancer, with about 60% of her funding coming from content marketing and 40% from journalism.
She concentrated on a few things to get here:
- She started being picky about who she hired.
- Charging late fees and upholding those policies.
- Requesting a raise when it is due.
Invest In One Main Client and Give It Time to Develop
Consider the ladder for a conventional career that offers a 401K. Before being hired as a manager, you must start at the entry level, and you must demonstrate your ability to manage people and meet deadlines before being promoted to executive.
The same standard still applies even though you may not have had a boss when you work as a freelancer.
Elizabeth Carriage earned about $12K a month from her freelance copywriting; she paid herself a salary of $6K per month and used the remaining money to pay sporadic contractors or other business expenses.
She has been writing for 15 years for both domestic and international advertising agencies, as well as for other clients along the way.
She emphasizes the value of writing experience for prospective authors, with five years being the minimum, even though it has been a protracted process.
Currently, the following sources of income account for the majority of her clients:
- Business writing
- From the sale of her book
- Free essays and articles
- A guidebook for infrequent travel.
Don’t Undervalue Your Network or Potential Wealth!
Too frequently, freelancers and solopreneurs, particularly women, don’t feel confident negotiating fees. Or by requesting what they desire rather than accepting what is given to them.
Jennifer Bradley Franklin, a writer, and editor estimate that she earns just over $100,000 annually, with 60% of her revenue coming from creating content and 40% from editorial work.
She claims that the bulk of her clients are businesses, and she has developed contacts with them over the years; none of these clients would have been possible for her to find without using her network.
Franklin asserts that the way you answer is crucial to your success when someone contacts you about a contract opportunity:
- Always request a project rate instead of an hourly rate.
- Assure their chosen working method aligns with your ideal procedures.
- Stay current with all billing and follow-up in a professional and suitable manner.
Think About Freelancing as A Full-Time Career
I’m sitting next to a pool in Cartagena, Colombia, as I prepare to publish this article, and while working there, I’d much rather be sipping a pia colada. Nevertheless, I wouldn’t give up the chance to tell stories to people around the world.
Therefore, even though I’m on the road, I work about 30 hours each week, sometimes more and sometimes less, depending on the month. And even though my workspace may frequently vary, I approach my freelance work as a full-time job.
Marygrace Taylor, a freelance writer, specializing in health and wellness, shares the same mindset as me. Therefore I’m not alone. While she barely broke the six-figure threshold in 2016 and 2015, she made $150K last year. Her workload is generated by her freelance work for magazines, corporate clients, books, and the healthcare industry.
For Taylor, a normal day would look like this:
- Awakening simultaneously.
- Writing fiction.
- Responding to email.
- Taking small pauses for breakfast and lunch.
- Signing off at a decent hour, just like an office worker.
Adopt and Create a Financial Strategy
Dori Zinn, a personal finance journalist and the president of Blossomers Media, earned $144,000 or so in 2019, breaking the six-figure barrier. Even though she freelanced both full-time and while holding down other jobs, she first felt truly committed to her business during the last orbit of the sun.
According to Zinn, there are a few critical steps to achieving a successful full-time freelancing career:
- Learning how much was necessary to survive was crucial.
- Deciding how to pick jobs that pay for the time they demand.
- Knowing when and how to request additional money.
- Have a strategy in place for your company.
It isn’t easy to establish a freelancing career. Everybody would do it if it were. The ability to create a career out of nothing and persist even when success seems improbable requires a strong-willed personality.
For those who muster the strength to persevere in their endeavors, the reward is worthwhile. You can achieve the kind of career flexibility and autonomy that most people can only hope for, and you also have almost limitless earning potential.