How to Make Money as a Freelance Writer

Make money from writing

A freelance writer is someone who provides writing services to organisations on a self-employed basis. If you’ve ever wondered about how to make money as a writer, then freelancing is might be the way to go.

You have the best of both worlds, namely; you get paid to do what you love, and on your terms.

Theoretically, this means that you can work anywhere with an internet connection and create the lifestyle you want.

The long commute to work, annoying colleagues and unreasonable boss? Gone, just like that, in a puff of freelance smoke.

So, that’s the dream.

The truth about being a freelance writer

The reality looks very much like this:

  • An irregular pay cheque becomes the new normal
  • You substitute unreasonable bosses for demanding clients – that’s if you actually get any
  • You will long for the days in the office with your former annoying colleagues – freelancing can be quite lonely.

Having said all that, I still maintain that it’s one of the easiest and best ways to start a career in writing.

Now we’ve punctured the myth of the freelancer, we can talk about how to become one.

Want to be a freelance writer? Do this first

It seems obvious, but the first thing to do is to be absolutely sure that this is what you want to do. You see, I freelanced for about 80% of my writing career and this is what I learnt:

  • Freelancing is as much about having negotiation skills than it is about writing skills
  • You will only ever make as much money as the effort you put into finding new clients and keeping your current ones (yes, you have to market yourself)
  • You are now a service provider, a business owner and your own brand ambassador, so there is no room for shoddy work
  • Time management is critical to success.

Still want to be a freelancer? Here are five things you must do before making the jump.

Step 1: before you make the move to freelance writing

  1. Make sure you have enough money in the bank to help you through the transition period
  2. Spend some time finding out your Unique Selling Proposition (USP). This is what will differentiate you from competitors
  3. Have a website, even if it is just a landing page. This is critical – your website address is the first thing people will ask for and the first place they’ll go to check out your services
  4. Get an accountant or book keeper: you’re a writer, not a tax guru
  5. Start networking like crazy, online and offline.

Step 2: making the move

When you do make the move, there are several things you would need to consider:

  • Legal: make sure you have a contract in place before to protect you/your business
  • Finance: make sure you secure a 50% deposit from your client BEFORE starting the work. A deposit will ensure their commitment to the project and will also help you weed out time wasters
  • Your contract should have a clause for your deposit
  • Have an invoice/expenses tracker to help you track your accounts.

Remember: keep a record of everything – emails with clients, expenses, invoices… everything.

Step 3: Your first gig as a freelance writer – what to do

So now you’ve got all the boring business stuff out of the way, how do you actually land your first client?

If you’re just starting out as a writer, I would suggest going on to freelance websites like Fiverr, PeoplePerHour and Upworthy, to help you build your writing portfolio and gain experience in managing clients.

I know people who started on those sites and within a period of six months to a year, started commanding much higher fees for their work.

But if you are an experienced writer who’s been working in-house or for an agency and is now making the move to freelance, where can someone like you find clients?

Easy:

  • Drill Linkedin for decision makers in your target industries and sectors to pitch to
  • Scan the news for the latest company takeovers (yes, really. There will be a LOT of rebranding and marketing comms materials to update)…
  • and scour the latest patent registration list (always best to get in early).

Step 4: Making money from writing – being a successful freelancer

Like most things in life, being a successful freelancer doesn’t happen overnight. It is the result of strategic planning, hard work and lots and lots of trial and error. But it doesn’t have to be that away. Join a community of people just like you who want to make money from writing using a proven system to get them there.

Abidemi Sanusi is a hybrid author and founder of Ready Writer. An ex-runner and fitness bore, she's late to the walking and hiking game and making up for lost time. Abidemi has been featured in Forbes, the Guardian, BBC, Reuters and more. Her book Eyo, was nominated for the Commonwealth Writers' Prize. She writes Christian books as Levi Read.

Leave a Reply

Your email address will not be published. Required fields are marked *

Review Your Cart
0
Add Coupon Code
Subtotal