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Home ยป How to Make Money as a Freelance Writer?

How to Make Money as a Freelance Writer?

So you’ve decided to go independent, eschewing the security of a steady paycheck in order to pursue your own dreams. Congrats! Your chances of becoming wealthy are much higher than those of your peers who remained on the payrolls. Nevertheless, transforming your lifestyle entirely is no easy feat, and there are numerous pitfalls that you could fall into if you’re not careful. Here are some of the best ways to make money as a freelance writer.

Start A Blog

One of the simplest ways to make money online is to start a blog. There are millions of niches out there, so you can bet there’s a market for just about anything you can think of. If you can write well, you can certainly build a following and monetize your blog. Examples of well-known blogs that were monetized include The Chicago Tribune and The New York Times. Getting started with a blog can be as easy as firing up Blogger or WordPress and following the prompts to set up your first blog.

Blogs can be more effective as a revenue stream than simply being a platform for informative content. Think about it this way: If you’ve got an engaging, original blog post that provides value to your readers, they’ll certainly be willing to pay you for that content. You can use the blog to build your reputation as an expert in your field and eventually attract freelance work. Once you’ve established your blog with a decent amount of content, you can consider taking it offline and boosting your income through sponsorships, affiliate marketing, and perhaps even a few product launches here and there.

Consulting

Another easy way to make money online is to become a paid virtual assistant for businesses needing help with marketing, product development, and other tasks. If you can automate some of the more menial tasks, you can essentially do this for several different companies without a care in the world. If you want to make a full transition to being a VA and want to take advantage of this side gig, take a look at freelance marketing consultant, Heather Blake’s, 2018 income of $275,000 without any specialties.

Consulting as a freelancer means you get paid to listen and to speak. Most people are familiar with the saying ‘he who pays the piper calls the tune,’ which basically means ‘whatever you do for work, you’ll be paid for.’ This certainly applies to you as a consultant. You’ll be providing a service to your clients, so they’re the ones who’ll be paying you. It’s not uncommon for consultants to charge thousands of dollars per day, so make sure you look into how much you’ll need to charge before you begin your journey.

Start An Online Shop

Creating an online shop whether you’re selling clothing, accessories, or home products is another easy way to make money online. If you can sell at a higher price point than your competitors, you can potentially attract more customers and make more sales. If you want to get started with an online shop, take a look at Shopify and Amazon. Both platforms offer starter programs that can help you get your feet wet.

At this point, you may be thinking ‘okay, great. I’ve got a side gig, a blog, and a consulting gig. Now what?’ How about getting an additional source of income via a product launching plan? In the next section, we’ll discuss how to make money as a freelance writer by becoming a product developer.

Get A Patent/Trademark

If you’re out there innovating and creating something new, you might want to consider protecting your creation with a patent. While patents don’t automatically guarantee you’ll make money, they can certainly increase your chances of doing so. The key is to file for a patent that covers your product or service and build a team of skilled lawyers to help you enforce it.

Getting a patent doesn’t mean you’ll become overnight millionaires. It simply increases the chances you’ll make money from your idea. So, if you’re passionate about what you do, get a patent. You might even consider registering your trademark for trade use (trademark registration costs less). Getting a patent or trademark doesn’t guarantee you’ll make money, but it definitely increases your chances of doing so.

Product Development

If you’d like to make money as a freelance writer by becoming a product developer, first consider what your expertise is. Do you have experience creating mobile apps, websites, or other digital products? Are you an expert in marketing or sales or business analytics? Do you have an in-depth understanding of technical topics such as HTML, CSS, or JavaScript? Do you have experience with marketing programs such as Google Ads or Facebook Ads?

If you can answer yes to any of these questions, you can make a pretty penny developing products for other companies. In fact, you could make a very good living if you develop apps for iOS and Android devices. If you’re serious about becoming a product developer, start by building a portfolio of mobile apps and landing pages you’ve designed or built. Once you’ve established your credibility, you can look for opportunities to take on freelance projects.

Sale Of Your Own Products

In addition to developing products for others, you can also make money by selling your own products. This might mean creating a physical product such as a book or a t-shirt, or digital product such as an app or a web-based software product. Your product should be of professional quality and should solve a problem or benefit your target audience. Think about how much money you’d need to make to justify quitting your day job. Now, add the additional income you’d need to live your dreams.

There are many ways to make money as a freelancer. Once you’ve got a steady paycheck coming in, you can begin investing in additional income streams. The key is to develop a plan and to be realistic about how much you can expect to make. Are you ready to quit your day job and pursue your dreams? If so, go out there and make some money!