Write 2 Be Magazine

For the Artists Who Like to Remain Strictly Out of the Box

2 Reasons Freelance Writers Fail to Increase Their Income Every Year: Are You Making These Mistakes By Yuwanda Black

I’ve been freelancing since 1993, and let me tell ya, it can seem like climbing Mount Everest trying to get from one rung of the income ladder to the next. Some years, how much you earn just seems to stagnate. Trust me, I know, I’ve been there.

Is Your Freelance Writing Income Stagnating – or Yikes! – Decreasing?

In my experience, there are a couple of reasons for this; namely, (i) marketing consistency and (ii) failing to hire help. We’ll explore each a bit more below, but before we do, just one thing.

Many freelance writers fail to take freelancing seriously – AS A BUSINESS. What I mean by this specifically is that they don’t formulate a strategic plan. This is why things like planning for retirement, having an expansion plan and creating an exit strategy (if that is your eventual goal) are foreign concepts to many freelancers.

But, income is wrapped up in all of this; it’s what a strategic plan is for. With this being said, following are the main two reasons – in my opinion – many freelance writers fail to earn more year after year.

(i) Consistency in Marketing. Most freelancers market using what I call a “hit-and-miss” strategy. When they’re not busy, they’ll step up their marketing efforts. Then, when they land a job or two they’ll stop marketing because they’re “too busy.” And, this is in quotation marks because you should always MAKE time for marketing

When you market like this, what you’re really doing is starting your business over again – over and over again, if you get my meaning. It becomes a vicious cycle that’s hard to break out of – and leads to dry spells and taking on “desperation writing jobs” (eg, those low-paying, content-mill writing gigs).

So how do you break this habit? It’s simple — market consistently. Create a marketing calendar where you do something every day to reach out to new (and old and existing) prospects.

If you get your marketing done first thing in the morning, then it makes it much easier because no matter what comes up during the rest of the day, your main task – marketing- is done.

(ii) Hiring Help. This can be scary because it can be a big time and financial commitment for your freelance writing business. But, it’s sooooo worth it. Trust me. What you think you might be losing in time (training) and money (paying a VA, for example) can easily be recouped several times over with the right outsource help.

So if you find yourself never having time to finish all that’s on your to-do list, seriously consider hiring outsource help. It’s the quickest, easiest way to increase your income as a freelance writer (ie, work smarter, not harder).

How Much Should You Be Earning as a Freelance Writer?

FYI, here’s some general info from the post, Salary Scales for Freelance Writers, on Global Post about how much freelance writers across a number of spectrums earn.

As of May 2011, [general freelance writers] earned a mean $97,300 per year, or $46.78 per hour, according to the U.S. Bureau of Labor Statistics. Their wages put them in the upper 75 percent of all writer salaries, which included those working for companies. That range started below $28,180 yearly and exceeded $115,740 annually, with an average $68,060 per year.

Keep in mind though, how much you can realistically expect to make as a freelance writer depends on a host of factors, eg, niche, experience, how much you charge, marketing ability, etc.

With this being said, in my opinion, even a complete novice should be able to earn between $30,000 and $50,000 their first year freelancing.

Now, this means getting up, putting in a solid 8-10 hours per day (mostly marketing in the beginning) and charging a decent rate; but this is a very realistic ballpark figure in my experience.

About the Author: Yuwanda Black heads New Media Words, an SEO writing company. She is also the publisher of Inkwell Editorial, a blog devoted to helping others start successful, home-based writing careers. Ms. Black has published over 50 ebooks, most of which cover some aspect of freelance / SEO writing. They can be found on major outlets like Amazon and Barnes & Noble. Learn how to start a successful, freelance, home-based writing business, and start earning $30,000 to $50,000 per year — your first year.

Advertisements

About jcladyluv

Jimmetta Carpenter is the Editor and Creator of the Free Fall Literary E-Zine and the Spoken Like A Queen E-Zine. She has dedicated herself to the power of the words and given into her passion for writing and has been writing poetry officially since the age of ten. She has a book of poetry titled “The Art of Love” published through lulu.com under the pen name Gemini. She is currently finishing up with her first novel and already working on her second. In 1998 she had her poem “Rest In Peace” published in an anthology put out by the International Library of Poetry and in the Spring of 2007 will have another poem titled “Through The Eyes of an Angel” published in another anthology also put out by the International Library of Poetry. She was also awarded the Editor’s Choice Award for that poem as well. She is looking forward to having a very long and rewarding career in writing and hopes that through living out her dreams she can inspire someone else out there to realize theirs. Her advice to other up and coming authors is to NEVER stop believing N your dreams and don’t ever be afraid to dream big. Jimmetta can be contacted by sending her an e-mail at freefall_lbp@yahoo.com or jcladyluv@yahoo.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on May 23, 2014 by in Contributing Writers and tagged , , , .

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 2,341 other followers

Most Recent Tweets

%d bloggers like this: