A freelance writer covers all sorts of topics from ghostwriting to event planning and business writing, as well as fiction and non-fiction. While it is true that some articles can be more profitable than others, the freelance writer’s income can vary greatly depending on several factors. One key factor is how well the writer markets their skills and product and how many clients they can attract. In general, the more traffic a blog gets, the more money it makes. When it comes to pricing, the general rule is: the more you charge, the more you’ll make. However, there are certain limitations that a freelance writer has to put up with. Most notably, there’s no set number of articles or books that can be sold per month. Thus, the income of a freelance writer is largely dependent on how well they execute their marketing plan and how many clients they can acquire.
The Money-Making Potential Of An Online Business
If you’ve been wondering how to make extra money online, you’ve probably considered trying your hand at some sort of digital marketing or sales. After all, many successful companies and websites rely on online marketing and sales to make money. What many people don’t realize is that much of what we consider traditional marketing and sales can actually be considered digital marketing and sales. The main difference is that with online marketing and sales, you’re not limited to traditional advertising methods such as banner ads and paid placements. You can take advantage of social media platforms such as Facebook and Instagram to directly communicate with your audience. At the same time, you can use email marketing to create awareness of your products or services among potential customers.
Let’s say you’re a freelance writer who wants to make some extra cash. If you’ve been thinking about trying your hand at online marketing and sales, now might be a good time to do so. Why? Well, with the advent of online stores and online banking, more and more people are conducting business online. In fact, according to the American Institute of Stress, nearly 9 out of 10 adults now live a digital nomad life. Which means that more and more people are going to be conducting business online and looking for ways to make money online. Your best chance of making serious cash comes from getting in early on this trend.
The Four Main Stages Of A Freelance Writing Career
Although many people think that becoming a freelance writer is a straightforward process, it actually has four distinct stages that must be successfully executed in order to make money. These stages are:
1. Building A Portfolio
The first and most critical step to becoming a successful freelance writer is building a portfolio. What this means is gathering as many paying clients as possible so that you have enough work to show off when you eventually do land a paying gig. To get started, you can apply for membership with organizations such as the American Association of Advertising Agencies (4A’s) and the American Advertising Federation (AAF). Alternatively, you can contact local business journals and request an ad spot in exchange for written proof that you actually delivered the content on time and within the scope of the project.
2. Networking
Once you’ve landed a few paying clients, it’s time to start building your network. Just remember: you’re not looking for family and friends here. You’re looking for business contacts that can help you land more clients. Thus, you want to make sure that you cultivate a solid business rapport with each person that you speak with. If you do end up hiring this person for future work, they’ll remember your name and appreciate your business.
3. Submitting Articles To Various Publications
The third step in the process is submitting your articles to various publications. Remember: you’re not writing for pleasure here. You’re writing to make money. Thus, the more you can write the better. It also helps to have multiple submissions to different publications. When you finally do land a paying gig, you’ll have numerous articles to show off. Not bad for a month’s work, right?
4. Monetizing Your Blog
The last step in the process is to monetize your blog. Once you’ve landed a few paying clients and started making some serious money, it’s time to shift your attention to growing your personal brand and securing sponsorships and advertising deals. However, this is also when your freelance writing career begins to take shape. By writing regularly and building up a substantial body of work, you’ll be able to attract bigger and more established companies that can offer you better terms. Plus, you’ll have the added advantage of negotiating with some of the largest companies in the world. If you’ve been wondering how to make money online, now might be a good time to try freelancing.