Being a freelance writer is a great way to make money online, but it’s not for the faint-hearted. While it is a lucrative opportunity, you need to be prepared to take on a considerable amount of work. When you’re starting out, it can be difficult to judge how much money you’ll be able to make. There are several variables to take into consideration, namely:
Cost Of Living
Where are you going to live? The cost of rent or condo ownership in a desirable area can be burdensome. While the security of a full-time job is great, it doesn’t provide a standard of living comparable to that of a freelancer. Working as a copywriter is very lucrative if you can negotiate a sufficiently high income. However, it is essential that you live in a place with reasonably priced accommodations. Changing locations frequently because of paying too much for rent isn’t advisable. What’s more, you’ll likely end up spending more money traveling to and from work than actually earning. Consider the cost of living in your city before making any kind of financial investment.
Time Commitment
If you’ve ever worked as an employee, you’ll know that you’re expected to show up at work and be available to work. You won’t be given any specific hours or tasks, so it’s up to you to make sure that you’re accomplishing something worthwhile. Even when you’re signed up with a freelancer agency, you’ll still be required to meet certain quotas or provide specific deliverables. There won’t be any flexibility in terms of time commitment, which can be both frustrating and demotivating.
The upside is that you can put in as much or as little effort as you want. You won’t be punished for taking a short break or going home at the end of the day. On the contrary, you might even make some money thanks to your efficiency. In general, copywriting gigs are more or less on demand, which means that you’ll only be required to write when a client comes your way. The more you write, the better you’ll become at predicting when and how often clients will come your way. This will, in turn, increase your income. However, it’s not a fast track to riches. You’ll still need to put in the time learning how to write solid copy and how to approach business owners and executives to land these jobs. Once you do, you’ll be able to enjoy the financial benefits of being a freelance writer without all of the stress that comes with it.
Location
One of the most important things to consider when becoming a freelance writer is the location of your workspace. Indeed, you’ll need a place to write, and you don’t necessarily need a fancy office or a dedicated room. What you do need is a place that is private, quiet and comfortable. If possible, you’d also like your workspace to have good lighting and high-end technology, such as a desk lamp, a computer and an ergonomic chair. Choose a desk that’s large enough to allow you to sit comfortably while working and ensure that it has plenty of space for all of your equipment. You might also want to invest in a good ventilation system to keep the air fresh.
The location of your workspace will depend on your budget. If money is no object to you, you can save up for a vacation rental in a desirable area. Alternatively, you can find a shared working space in a coworking lounge, which gives you the benefits of a traditional office with a more flexible schedule. If you have a bit of money to spare, you can rent a luxury apartment in a prime location with all of the modern amenities you could want. Even better, you can find a studio or a one-bedroom apartment with a fully equipped kitchen for the same price as a regular one-bedroom apartment in a desirable area. The key question is: Do you want to invest in a permanent residence or do you want to spend more money on travel?
Additional Considerations
While the location of your workspace can be an important factor in terms of the amount of money you’ll be able to make, it’s not the only one. You’ll need to consider several other variables to judge how much money you’ll be able to earn as a freelance writer. These include:
The Type Of Content You’ll Need To Produce
If you’re not sure what type of content you’ll need to produce, review the previous projects of your clientele. You’ll then be able to discern what kind of copy you’ll need to produce to meet their needs. There are four basic types of copy that you’ll need to learn to write. Knowing what kinds of content you’ll need to produce will help you determine how much you’ll be able to charge for your service.
The Demographics Of Your Potential Clientbase
Who are your potential clients? Will you be writing for adults or for minors? Will you be targeting women or men? What about specific demographics, such as small business owners or executives in a luxury industry? Consider the demographics of your target audience when determining how much you’ll be able to charge for your services. Women in general are more likely to be interested in cosmetics than in medical products. For men, it’s the other way around. Luxury brands often have a more difficult time attracting women, so you’ll likely have to lower your price to ensure a sale.
How Long Will Your Copy Need To Be?
How long will your copy need to be? Every piece of content you write will have a word count attached to it. When pitching a piece to a potential client, you’ll need to indicate how many words you’re willing to write for the price. This will depend on several factors, including but not limited to:
– What is the total price of your service? Include material costs, such as the cost of a desk or a chair, along with your hourly rate. Calculate the total price needed for your service and include it in your pitch.
– How many words do you have to write? Again, this will depend on your service price. You’ll have to provide the word count for each type of content you produce, including but not limited to:
- Product descriptions
- Ads
- Web content
- White papers
- E-mails
- Newsletters
- Press releases
- And more
Knowing how much you’ll need to write will allow your client to plan for the duration of your project. If you want to know how to get started, you can apply for a no-obligation, free 30-day trial run at https://perfectwriter.com/.
Being a freelance writer is a great way to make money online, but it’s not for the faint-hearted. While it is a lucrative opportunity, you need to be prepared to take on a considerable amount of work. When you’re starting out, it can be difficult to judge how much money you’ll be able to make. There are several variables to take into consideration, namely:
Cost Of Living
Where are you going to live? The cost of rent or condo ownership in a desirable area can be burdensome. While the security of a full-time job is great, it doesn’t provide a standard of living comparable to that of a freelancer. Working as a copywriter is very lucrative if you can negotiate a sufficiently high income. However, it is essential that you live in a place with reasonably priced accommodations. Changing locations frequently because of paying too much for rent isn’t advisable. What’s more, you’ll likely end up spending more money traveling to and from work than actually earning. Consider the cost of living in your city before making any kind of financial investment.
Time Commitment
If you’ve ever worked as an employee, you’ll know that you’re expected to show up at work and be available to work. You won’t be given any specific hours or tasks, so it’s up to you to make sure that you’re accomplishing something worthwhile. Even when you’re signed up with a freelancer agency, you’ll still be required to meet certain quotas or provide specific deliverables. There won’t be any flexibility in terms of time commitment, which can be both frustrating and demotivating.