Aug 20 2013

How To Manage Your Finances As A Freelance Writer

Finance

(Photo credits: www.myhardhatstickers.com)

People get into freelance writing for two reasons: they can’t get other work, perhaps because they have a young child, they are disabled or the job market is really bad, or because they love writing.  For some writers it is a combination of both.  Nobody ever gets into freelance writing for the money.

This is not to say that it is impossible to make good money as a freelance writer; indeed, some people have very lucrative careers.  It is, however, a tough business, and it demands dedication long before it starts to deliver rewards.  People starting out as freelancers either need to have other paying jobs or need to be prepared to get by on very little remuneration.  It is vitally important to know how to manage money; not only does this help to make a little go a long way but also it helps to save a lot of time and effort.  Good money management is efficient money management, and it frees up more time for writers to focus on putting words on the page.

Five steps to success

For people who want to succeed in the writing business, there are simple rules that can make all the difference.

  • Never write for nothing.  It can be worth doing unpaid work to increase visibility, but only if the publication in question has serious outreach.  It can be worth interning, but only if real education is provided.  Writers have to be wary of being taken advantage of.
  • There is always a job out there.  As long as low paid work does not eat up time that could be spent chasing more lucrative jobs, it is worth doing.  It is better to be earning something than nothing, and all paid work helps to build up a portfolio.
  • Find a niche.  Most writers work in a lot of different areas to get by, but having one or two specialist subjects or skills helps with building a reputation to the level where much better paying jobs are within reach.
  • Claim expenses.  What can be claimed varies by jurisdiction, but computer and stationery costs, a share of household bills and some travel costs can all potentially be declared against tax.
  • Aim high.  Too many writers undervalue themselves.  Making real money requires a proactive approach that includes contacting high-end publications and big businesses – they just might be hiring.

Keeping money simple

Freelancing can mean juggling a lot of contracts, especially with the smaller jobs needed to fill in between the larger ones, and it is often a good idea to sign up with an umbrella company.  These organizations can often help with sourcing contracts and, most importantly, can take care of all those tricky tax and finance issues.

For writers who choose to go it alone, the most important thing is to keep on top of accounts.  It is a good idea to set a day aside at the end of the month for sorting out invoices and chasing up late payers.  Accounts need to be kept neat and up to date – it is always possible that they will be audited.  Good organization pays dividends, as it ensures that no money goes unclaimed.

 

 

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May 21 2013

Quick List of Content Websites For Freelance Writers

Just to get you started, here are some great sites for freelance content writers.  In the future, I will be providing more information about each of these websites:

FireHow.com – This is a great site for beginners as anyone that signs up can post articles. Post How-To articles and earn residual income. FireHow pays via PayPal once you reach at least $10. If not, your money will roll over into the next month until you reach the $10 minimum. Pay is calculated by a secret formula that includes unique pages views, comments left, and article ratings.  It is really fun to write here, and they have very basic guidelines. They are kind of new so there is a lot of room to grow here. With the buy-out of eHow, this will probably explode, so get in now!

Textbroker – Textbroker is a great way to earn money by writing articles that you can choose from a list of requested content. You don’t have to be a professional writer to complete articles, however, the better you write, the more you can earn. Your writing sample will be rated, and then you can use this rating to gain the highest paying jobs in that category. Good writers are evaluated with an average of 3 stars. Excellent writers receive an average of 4 stars. Only professional writers receive the maximum of 5 stars. Each article pays differently, and payment is provided when the article is accepted by the requester. Payments are only available through PayPal. They require a W9 to be completed before payments will be released. There is no minimum or maximum number of articles that have to be written in order to keep your author status.

Constant-Content – Here, you can either post your own articles for sale and set the price, or you can choose from a pool of requested article topics, which payment varies. You can also sell photographs here. They also have a forum for writers. This is a great place to gain some residual income as well as earn referral bonuses. There are no minimum or maximum article requirements. Constant-Content pays via PayPal, and you can choose to be paid out once a month or twice a month!

Break Studios – Break Studios provides content to websites geared towards men. This is a fun place to write. You choose up to 10 articles at a time from a pool. All articles should be between 250-700 words and pay $8.  BS pays monthly, into your PayPal account.

Internet Brands – This company is a little harder to get into. They pay between $4 – $10 + per article, depending on the “channel” you are assigned to write for, which means you will write about the same general topic, such as health, pets, travel, etc… People love writing for this company. It is suggested that you write a minimum of 5 articles a week, but there is no maximum. So, if you are a fast writer, you can really make some money here! They require you to sign a contract and W9. They pay monthly, via check or direct deposit.

Demand Studios – I currently do not write for this company, but I’ve heard they pay well. There is a 10 article at a time limit, but turn-a-round is fairly quick. DS receives lots of applications so they have been very selective on whom they sign on. Get some experience under your belt before you apply here. I think they pay monthly, via PayPal, but I’m not sure.  They just merged with eHow.com so things are changing here!

Suite101 – I also do not currently write for this company, but have heard good things about it. Here, you can write what you want, when you want it, and earn residual income.

Mahalo – Mahalo uses freelance writers for How To articles. They have an interesting application and acceptance method, so be sure to read the linked page. You earn points or Mahalo Dollars on your article after it has been reviewed. Then you can build up your MD and cash out. If I read correctly, currently 1 Mahalo Dollar = $0.75. Team members earn 7 Mahalo dollars, and you can get $25 MD bonus if your article is the “best of the week” in it’s particular category. Your article creates a “How To” page, in which you are the owner of, and you can earn residual income on it. I currently do not write for this company. But I have heard from a few people that have said they are good to work for.

wiseGEEK - This is company is harder to get into. There is a test period in which you write articles in batches of 3, prior to getting officially hired. The great thing is that you will be paid for these articles, even if you do not end up being hired.  The articles are fun and there is a wide range of categories and topics to choose from.

Yahoo! Contributor Network/Associated-Content -This site provides the opportunity to earn up front pay and residual income. You can post any articles of your choice, or choose from a list of requested content. You can also post articles here that have been published elsewhere, strictly for residual income. I just started with them, but so far I like it.

Helium - Here, you can publish your own content or choose from a list of requested articles. I am signed up to write here, yet have not had anything published here yet (as of 4/27/2010)

Originally posted 2010-04-14 21:19:39. Republished by Blog Post Promoter

May 21 2013

NetworkedBlogs on Facebook

This is just a quick message to share with you something that I found the other day.. it’s called NetworkedBlogs, and it’s linked to Facebook. If I understand it right, people can follow your blogs by having your blog posts appear in their Facebook newsfeeds. You can also show off a thumbnail image of your blog on your Facebook profile, so when people look at your profile, they can click on the image and go right to your blog or website.

It sounds pretty cool! And is more free marketing to get visitors to your website! So, I’m giving it a try. Let me know if you are going to join by leaving a comment and I’ll follow your blog. Or, if you have already joined, leave a comment with a link and I’ll follow you. If you have any other information about NetworkedBlog, please leave a comment and tell me about it!

It was pretty easy to sign up. Just go to NetworkedBlogs and click on the big yellow button that says Add Your Blog. You’ll have to answer a few questions, obviously provide a link to your blog, and that is it. You will have to authenticate your blog by either adding code to your blog or asking 5 Facebook friends to confirm you are the owner of the blog. I chose to ask 5 friends to confirm me. So far, one has (Thanks Mandi!)

So, if you are on Facebook, here’s the link to check out the Freelance Writer Road on NetworkedBlogs. I’d love for you to follow, and rate, the blog! I’m really interested to see what impact this will have on this website!

Originally posted 2011-02-15 08:58:46. Republished by Blog Post Promoter

May 21 2013

Optimize Your Time And Money

Sometimes it can take a long time to write an article.  You want to get the most money you can from that article to make your time worthwhile.  The best, and usually the easiest way to do this is to post your articles in multiple places or re-write articles with a new spin and use the research again.

The simplest way to optimize your time and money is to take the same article and post it on multiple sites to earn income.  This can be done easily with How-To articles posted at FireHow.  After you post an article on FireHow, you can also post the same article at Yahoo! Contributor Network/Associated-Content.  Both sites will allow you to earn residual income on the same article, thus optimizing your earnings and your time spent creating the article.

Other sites also allow writers to submit previously published material to earn residual income, including Helium.  Check company guidelines to make sure submission sites that you are associated with allow previously published material.

Researching topics for articles can take a long time.  Another way to optimize your time is to utilize that same research you did for one article and write another article.  Take what you learned for the first article and put a new spin on it. Then, sell that article at a site like Yahoo! Contributor Network/Associated-Content where you can earn up-front pay and residual income for never before published work.  Be careful not to infringe on any plagiarism laws when you do this.  Many places still consider it plagiarism, even if you are the author of both articles.  Use Copyscape to make sure each article is unique prior to submitting the articles for sale.

Can you think of any other ways to optimize your time and money? Do you know of any other sites that will take previously published work in order to earn residual income? I’d love to get your thoughts!

UPDATE: Thanks to Tammi Kibler, you can also submit already published articles to Constant Content for resale.  I am signed up with Constant Content but haven’t published anything with them yet.  Now I will put some articles up there and see how it goes.

Originally posted 2010-06-02 11:20:26. Republished by Blog Post Promoter

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