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

I Love My Job

Well, it has been a while since I last posted here.  I went on vacation to New Hampshire and my oldest son finished up his 3rd grade year. It is now officially Summer and I find myself with a new schedule that needs to be tweaked a bit.  But, that is one of the best things about being a freelance writer and working from home, you can make your own schedule!

I brought my laptop and did some work while I was on vacation. I only did the bare minimum work so that I could enjoy some family time.  Again, another reason why I love my job; I might not get paid to take a day off, but I can take my work with me when I travel. When you love what you do, like I love writing, then doing some work while on vacation isn’t a big deal at all.

Now, I need to start saving up my well earned freelance writing money to buy an in-ground pool so next summer I can sit by the pool and do my writing! :)

Just a little update on my personal writing adventures:

I am really enjoying my writing for wiseGEEK and QualityGal. Those are my two favorite content writing gigs right now.  I also like my blogging job at ComplexSearch.com and have expanded from doing only travel deals to also posting some electronic deals as well.

I’ve got a new client in the works. It sounds very interesting and promising, so I’ll post more later.

Private clients tend to pay more than content sites, so as a writer gains experience and private client opportunities start appearing, take advantage of them because your income could really grow!

Originally posted 2010-06-22 11:35:29. Republished by Blog Post Promoter

May 21 2013

A Freelance Writer Book Recommendation

I often get asked for freelance writing book suggestions, and one of the books that always tops my recommended book list is The Well-Fed Writer. If you go to the menu bar at the top of this website, check out the book store. The Well-Fed Writer is the first book on the page. And, best of all it’s on sale right now for only $13.57. The regular price for this book is $19.95, so that’s a pretty good sale!

Now, the reason I suggest this book is that it is one of the most popular writing books for freelancers. The author, Peter Bowerman, started out working in Sales and Marketing. With absolutely no writing experience, he started a commercial freelance writing company and in only 4 months, he was working full-time and was more successful than he ever imagined.

Does that sound familiar? Just because you never wrote poems during study period, or worked as the editor of the school newspaper, if your dream is to be a freelance writer than this is a book for you.

Having been in the writing business for over 15 years, Peter Bowerman really knows what he’s talking about and wants others to be as successful as he is. Also, just a little FYI, he self publishes his Well-Fed books. Which is another indication that he knows what he’s doing… those books are one of the most popular writing books available.

So, head over to my bookstore tab and buy the book while it’s on sale. If you don’t like it, you can always put it back on Amazon and sell it to someone else – maybe even making a profit! But, I have a feeling you’ll really like the book and will want to keep it.

If you already have this book, please post a comment and let us know what you think about it! If you purchase this book from my website today, I thank you as I will receive a small commission!

Originally posted 2010-10-26 11:06:02. Republished by Blog Post Promoter

May 21 2013

List of Companies That Hire Freelance Writers

The list of companies that hire freelance writers is huge so I created a separate page. This makes reading the blog articles easier and also provides this great resource a prominent page on this site.

The page is listed in the top menu bar – or can be found HERE.

Originally posted 2010-05-12 15:03:59. Republished by Blog Post Promoter

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