Freelance writing is probably on a boom right now with more and more writing enthusiasts, technocrats, and other such inspired workers are banking on freelance writing to make as a side earning or as a living. Not just English major or literature background people, freelance writers are seen in the majority from other backgrounds such as marketing, media, and even some people from social science or science backgrounds who are more avid in technical writing or probably like pursuing their hobby or passion for writing and keeping it alive.
Other than the millions doing freelance writing as a standby, 30% of the population is taking it up as their main profession.
But whenever we talk about freelance writing the first thing that crops up on our minds is how much money can you make as a freelancer.
A typical question asked mostly by the starters or newbies, it depends on a lot of things.
Before we get into the exact or approx amount of money you can make as a freelancer, let us first see what seals the deal.
How to become a freelancer and earn good money?
There are a few steps involved if you want to make this a career for yourself, other than just earning some extra bucks. Freelance writing not only gives you this opportunity but also gives a great amount of exposure to writers. But of course, in order to establish yourself as a decent freelancer and earn enough money with your writing you need to make sure the following steps are being done:
Start writing a blog
It helps to keep building your writing skills and creativity and also, exposes you to people who are searching for freelance writers. You can also share your blog as a sample for your first few works to show how your work is.
Do some Pitches
Whether it is to write an editorial for your school or college magazine or some social media related stuff, make yourself visible in the eyes of hirers by pitching your work at your alma mater or even, at a guest blog.
Sign up in job sites
There is a lot of freelance work available currently in the job sector. Sign up on a job website, search for your preferred job options and start exploring and you might just get a call from an employer!
Enter writing competitions
Be it online or offline, make yourself available by showing off your work at writing contests and opportunities might just crop up from there.
Set Specific Goals
Decide whether you want to become a part-time or a full-time freelance writer. Unless you know whether you are doing this for some extra pocket money besides your studies or want to take it up as a full-on career option, you will never be able to know the kind of money you can earn.
You need to always plan ahead of time. For example, if you want to earn $2000 a week, you need to divide the days of the week and your hours accordingly i.e. simply put a target that you have to fulfill like writing $50 worth of work per hour a day.
If you are aiming at becoming a full-time freelance writer and earning a 6 figures amount from it, then you better be ready to become dedicated and focused.
Your typing skills also depend a lot on the kind of money you can get from freelancing.
Knowing and Utilizing the market
Whether it be SEO related articles or others that cover your expert niche, you can discover various areas and figure out what works best for you. The perks of being a freelance writer are that you can write for as many sources as you wish too, provided you can organize your work efficiently and do not compromise in your quality of writing.
How much money can you earn from freelance writing
So now comes the real question of how much money can you make as a freelance writer. Truth be told, you can earn up to 5-6 digit amount of salary per year, provided you do full-time work as a freelance writer and also, work on advanced writing.
In the initial stages, most writers earn $ 0.20 to $ 0.25 per word. With the quality of data provided and deadlines- some factors might affect the variations of the salary per word count. If you come across an employer who is generous enough and if your work is good enough you might just find yourself working under the group of 10% of freelance writers who earn more than $0.30 per word. Since competition is cut-throat and both supply and demand for freelance writers is also high, the people who suffer the most are the ones at the initial stages.
Overall, per article you might earn $500 per article, some may earn more, some may earn less.
But remember, not always writing more words per article can give you a higher number of salary as the word limit stays fixed and no matter how much you exceed the client would only pay for the said number of words. So beware of that, folks!
But one should note that effort always counts when it comes to freelance writing. For example, if you write an article for 5000 words or make it an extremely high-quality article, then there might be a steady rate of increase in pay from 68% to 87% depending on the differences in the quality of the articles.
Old school publications are another place of the target if you want to get a good pay for your writing.
Maintaining a healthy relationship with your client or employer can actually benefit your pay as well.
To earn about $1200 per month you need to write more than 4000 words, as studies indicate for an average writer.
Note that although it might seem difficult to earn a living out of becoming a freelance writer it is not impossible. Once you have figured out the system and are really good enough writers, bagging all the necessary skills, employers will surely recognize you, your work and your effort.
Hard work always pays!
(Source: Who pay Writers)
Also published on Medium.