The Financial Side of Freelance Writing
Happy May, you guys! I know it’s been a minute and I’m super sorry for the wasteland that has become my blog (insert roving tumbleweed here). I decided to take a step back for a bit to refocus and recharge, and now that I’m back, you can expect your regular programming of rad content.
Now that I got that disclaimer out, onto the blog!
Writing for so many different clients can definitely be wildly exciting, but it can also be daunting and draining. If you’ve been considering dabbling in freelance writing, there are quite a few things to take into consideration. Most importantly, it’s critical that you do your research and know exactly what to expect, especially when it comes to money and learning where you’re most likely to earn the most income.
Content vs. Income
When it comes to freelance writing, there are four common types of work, including:
Paid by article
Paid by word
Paid, but only within a certain threshold of page hits
Unpaid (i.e. guest posting)
Which path you take depends on a variety of factors. If you’re a seasoned full-timer and rely on freelancing to pay your rent, utilities, and other bills, you’ll most likely be looking for the first two on the aforementioned list. If you’re first starting out and trying to build a portfolio, writing for free or for page hits may be your best option.
Getting the Most Worth from Your Words
If you’re really set on leaving your 9-5 job and going full-time with freelancing, it’s vital that you know where and how to earn the most money for your craft. For starters, you should know where to find credible freelance writing gigs. Wasting your time applying for bogus writing jobs is also losing money that you could potentially earn.
Many companies are now asking their freelancers to write long-form articles. This seems to be the new trend in content writing. If you’re going to do these articles, ensure that you’re getting paid by the word instead of just a flat rate of $50 or $60, especially if the article is more than 1,000 words long.
The typical flat rate for a 500-word blog varies between websites, but usually lands in the $25 to $50 range. If you’re looking to go full-time, look for quality sites that pay this rate or even more.
Before you commit to a writing project, work out the payment details with the client. Never be left in the dark about what they are going to be paying you.
In conclusion, determine what route you want to take when it comes to payment and which one works best for you. Find job boards that only offer high quality and credible job postings. And lastly, never be kept in the dark about your pay.