Most people dream of being able to write. Few people get to actually do it, though, which is why most people don’t make a living out of it. The fact is that most writers only make a few hundred to a few thousand dollars a year, if they even make that much. It can be difficult for aspiring writers to find the money they need to keep writing. That’s why most of them end up giving up on their dream. This article is going to tell you exact figures relating to how much money a writer makes, so that you can have an idea of what you should be doing to make more money and what you should avoid doing to make less money.
The Basics
Before we begin, it’s important to establish some ground rules. First of all, this article is going to focus on the writer’s income. It is not going to talk about the writer’s expenses, such as how much it costs to rent a house in Brooklyn or if it’s worth buying a new computer. Also, the article is going to use US dollars as the default currency, but the information will be relevant for those readers who use other currencies as well.
The Hourly Rate
The first and most important number to have is the hourly rate. This is how much you are going to be paid per hour to write. In some cases, you can get paid per word, or you can get paid per page, depending on what type of work you are producing. It’s important to note that this number can vary widely, from a few cents to a few dollars, depending on what type of work you are doing. A lot of times, independent contractors who are good at copywriting and editing for multiple businesses will make much more than the typical writer. You can also look at some of the famous writers’ blogs as a source of information about their hourly rates.
The Expenses
A good rule of thumb is to exclude all of the expenses that you are not paying for directly. This includes things such as phone bills, taxes, health insurance premiums, and so on. Everything that you are not paying for directly is considered an expense. If you do have expenses that you are paying for directly, such as rent, electricity, and internet access, you can include those in your calculations. For example, if you have a one-bedroom apartment with no heat and no insulation, those are expenses that you have to pay for directly. You can include those in your calculations along with the others as long as they are expenses that you are paying for.
The Income
The income is simply what you are making per hour multiplied by the number of hours you work. For example, if you are making $10 per hour and you work 60 hours per week, your income is $600 for the week. This is the same whether you get paid per word or per page, or if you get paid for articles or if you get paid for blog posts. It is very important to note here that your expenses do not affect your income. The only factor that determines your income is how much you are making per hour and how many hours you are working. If you are getting paid per hour, it’s important to note that you are not getting paid for any hours that you might have spent volunteering or taking a hike or going to a friend’s house for dinner. Those are all-expenses-paid breaks, and your income cannot include any expenses. Similarly, if you are making a lot of money, you should not feel guilty about working fewer hours. The more you put in, the more you get out.
The above rules apply when calculating regular income. If you are estimating your income for a particular project, you should add project-specific variables to the calculation. For example, if you are doing some freelance copywriting for a company, you should add an additional 20% to your income to account for the fact that this particular project will take you more time than other projects. This is because the company wants the project completed as soon as possible, and they are willing to pay extra to make sure it gets done.
Conclusion
Even though it’s not the most glamorous of careers, writing is a very lucrative career for those who pursue it. However, given the right conditions, it is very possible to make a living out of it. All it takes is some determination and a bit of luck. This article is a great starting point for those looking to get into the field, as long as they are aware of the many pitfalls that they are likely to face.